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Effect Of Materials Management On Resource Utilization In Organization
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1.9 DEFINITION OF TERMS
Raw Materials: These are items which are to be process through production process to obtain the desired finish product.
Management:
It is the scientific utilization of resources which includes,
materials, machines, method, money and men to accomplish a task. Its
embrace planning, organizing, directing and controlling.
Materials
management: it is concerned with the flows of materials to and from
manufacturing department, it can be described as a coordinating function
responsible for planning and controlling of materials flow. Materials
management is an aspect of grouping together under some of finished
products, some of these activities may include; purchasing, inventory
control, expenditure, warehousing and receiving materials.
Resources:
resources are divided into human and materials resources, the human
resources is the man-power that controls the activities of the
organization while material resources are the assets or wealth of the
organization that is put into use in achieving the organizational aim.
Organization:
This is a systematic ordering of position which determines chains of
command or it is an organized group of people working together towards a
common ideal and aspiration of the group and putting effort together
towards achieving an objective
Utilization: To make the best use of resources effectively.
Store: This is a place where raw materials and finished goods are kept.
Production:
This is the transformation process in which raw materials are converted
into finished goods that gives satisfaction to the final consumer.
Control:
This is ensuring that things are been carried out with the plan which
has to be adopted, the orders which has been given and the laid down
principles.
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ABSRACT - [ Total Page(s): 1 ]This project (research) work is titled “Effect of Materials Management on resource utilization in Organizationâ€. The researcher carried on investigation to determine the impact of effect of materials management on resource utilization in organization as it affect organization’s productivity and output in the field of resource control and management. The researcher went further to talk about the side effect of lack of adequate materials and resources used in industrial or m ... Continue reading---
