Topic > Materials Management: The Purpose of Materials Management

The person responsible for material handling should keep the company's goals in mind and ensure that the company does not pay extra money for materials. The goal of every business is to make a profit. This is the basis for the survival of the company, costs must not exceed revenues, but keeping in mind the customer's expectations. Furthermore, Jacobs et al. (2009) stated that the objective of materials management is to ensure that the right item is purchased and made available for manufacturing operations at the right time, in the right place and at the lowest possible cost. Typical tasks associated with the materials management system are (Tersine and Campbell (2004), Ammer (1999), Stukhart (2007)): ​​Procurement and purchasing, expediting, materials planning, materials handling, distribution, cost control , inventory management/receiving/storage e