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The Impact Of Material Management On Purchasing
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CHAPTER ONE
1.1 Introduction
Material Management was first discovered as very important function during the Second World War. After industrial revolution industries are sprining up in hundred everyday activities, raw materials and scare, production has become complex and the number of goods, components and raw materials have increased to thousand account head to be prepared and customer need to be attended to writing a short period of time. Alternative sources are required and new product need improvements and development with these problems in minds materials management in modern industries intends to have stated an attack these problem in a scientific manner to achieve optimum sources hence professionalism.
With the introduction of materials management into modern industries, the following advantages have accrued.
i) High sales
ii) Good records
iii) Low cost of requisition and processing
iv) Constituency of qualities
v) Favourable supplier relations
vi) Good storage facilities
Thus, the importance of materials management lies in the fact that any significant contribution made by materials management in reducing material cost will go long way in improving profitability and the rate of returns on investments. Today, material are the live hoods of any industries. No industrial concern can operate without them. They must be made available at the proper place, right source, right quality and at the proper price.
1.2 Objective of the Essay
The objective of the essay is to look at the significance of materials management on utilization source in manufacturing.
The objective of the study are as follows:
i) To discover problem facing store management in an organization.
ii) To discover and encourage the use of new techniques in the management in an organization.
iii) To determine the methods of coordinating its activities so that each function form an integral part of the whole organization.
iv) To estimate the degree of contribution of material planning to the efficiency of the organization performance.
v) To identify the various techniques used in solving various and problem that occurs in the organization so that corrective actions can be taken to achieve the goals and objectives.
CHAPTER ONE -- [Total Page(s) 2]
Page 1 of 2
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