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This question is about employer.
What is material management?
Material management is the process of planning, organizing, and steering the flow of materials, items, and other products from the point of suppliers to the endpoint of consumers.
The main objective of material management is to make sure that the correct materials are available at the needed time, in the right quantity, in the correct place, and at the proper cost to meet the demands of consumers. Material management is a part of logistics practices and often involves a wide variety of activities, including:
Planning and forecasting
Planning and forecasting are mandatory practices in material management. They involve forecasting the demand for goods and materials and the planning required for the procurement and ultimate delivery of the goods or materials.
Sourcing and procurement
This part of material management involves identifying suppliers and negotiating specific contracts for the delivery of products, goods, or other materials.
Transportation and freight management
This aspect of material management consists of setting up the transport of goods and materials from suppliers to warehouses or different types of manufacturing facilities.
Receiving and storage
The receiving and storage element of material management refers to receiving, inspecting, and storing goods or materials in storage facilities, such as warehouses.
Inventory management
Inventory management in material management refers to the process of monitoring inventory levels and making sure that there is a big enough supply of materials and items to meet production and/or distribution needs.
Quality control
This aspect of materials management consists of making sure that materials and goods meet specific quality standards and requirements.
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