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Role Of Material Management In Production Activities
CHAPTER ONE -- [Total Page(s) 4]
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PRODUCTION FEATURES
The company’s value product can be distinguishable by the following technical analysis:
Water resistance 75%
Product courage 16mtrs/squre meters
Anti-fungi 80% [because of Anticide]
BG/Acrytex are used]
Stability 100% [because of Acrylics binders]
Weather 100% [adaptability]
Binding 85% [on a well treated wall]
Coloring Stable (according to client specification)
1.2 STATEMENT OF PROBLEM
In
the recent times, companies has been facing the problem of getting
materials of the right quality, quantity, and at the right time and from
the right source as a result of change in taste, fashion, technology,
population etc. This means continues in the future because human beings
are insatiably.
As a result of this production of activities has been
hampered in this present time, in order to reduce the problems that
will arise from the above mentioned changes, materials management
department or another related organizations gives solution to it. This
is to ensure that the problems are reducing the cost associated with the
changes. The problems are thus listed below:-
(1) The trend in lexos
paints industries towards the production of an increasing number of
highly specialized complex materials and components.
(2) The re-occurring shortages of basic materials in stores department of lexos paints in Port Harcourt.
(3) The increasing use in business of computers and related electronic data processing equipment in lexos paints industries.
(4) The current trend towards factors automation in lexos paint industries.
(5)
The increase rate of unqualified and inexperienced personnel found at
different units of material management department of lexos paints
industries.
1.3 OBJECTIVE OF THE STUDY
The role of materials
management center’s on the co-ordination and control of materials
activities with the view of reducing total materials cost and maximizing
profit. In view of this, the objectives of this study in Lexos paints
industries Nigeria Limited will include:
1. To find out in details the extent to which materials management approach has been adopted.
2.
To find the best means of reducing overall cost of production through
efficient management of the materials either as raw materials, bought
out stationery, office furniture and fittings.
3. To examine, so as
top come up with a better way of improving co-ordination and control of
the various production activities that contribute to the total costs by
advocating for material management type of organization.
4. To examine the caliber of staff involved in the various activities of material management.
5.
To find out ways and means of reducing the re-occurring shortages of
basic materials as seen in today’s economy through solisticated planning
for sources of materials and acquisition within increasingly severe
cost constraint.
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