Welcome: To The of

to the presentation of
Welcome
Uranus
Introduction to
Materials Management
Group profile
Name
Atiqul Islam Md. Kamrul Hasan Snehasish kumar Das Arif Hasan Pranti Sarkar
Roll No
07 27 28 31 46
Mirsadul Abrar Mozammel Hoque

Farhan Noor
49 47
91
To be covered
Definition Origin of the materials management The materials manager Basic principles Objectives
Purpose
Components Basic needs Aim
Area
Function Importance
Definition:
Managing materials in a way that ensures : Maximisation of prodution Reduction in cost Increase in profit margin
It is a service function affectining the flow of materials in a manner which it helps in conserving the material cost, best utilization of materials and maintaining the quality of both incoming and outgoing materials.
Origin of Materials Management:

It was during and after the world war 1st that supplys to many of the manufacturing organizations got disrupted. The shortage during the war and heavy inventories build up during the great depression of 1930s. Both contributed to a better realization of inventories problem. This only helped to understand the importance of material management. The concept of Material Management was strengthen with the research papers published by Harvard University.
The Materials Manager
A materials manager is a person who is capable of managing materials in a manner in which he ensures the maximum return on capital & reduces the inventory cost. He must have specialized knowledge and personal qualification which adds to: Education Training
experience
Mirsadul Abrar
Roll no: 49
Basic principles of materials management
Effective management & supervision Skillful negotiations Effective purchase system It should be simple
Must not increase other costs

Simple inventory control program.
From the management point of view , the key objectives of MM are :
To buy at the lowest price , consistent with desired quality and service To maintain a high inventory turnover
To maintain continuity of supply

To maintain the specified material quality level To develop alternate sources of supply to promote a competitive atmosphere in performance and pricing.
Md. Kamrul Hasan

Roll No: 27
Primary Objectives
Provision of materials
Minimization of Inventories
Economic Procurement Proper storage Proper issue & distribution
Inventory control Storage accounting Assuring high capital turnover ratio
Secondary Objective
Coordination Value analysis Location of new sources of supply Variety reduction and simplification Standardization and quality control Development of skill and knowledge
Pranti Sarkar
Roll no: 46
Quality assurance
Standards
Material flow
Areas of concentration
Lead time reduction
Reduce manufacturing cost
Purpose of Materials Management :
To gain economy in purchasing To satisfy the demand during period of replenishment To carry reserve stock to avoid stock out To stabilize fluctuations in consumption To provide reasonable level of client services
Mozammel Hoque
Roll no: 47
Components of Materials Management
Valuation
Logistics Invoice Verification
Service Master MRP
Foreign Trade/ Customs
Materials Management (MM)
Purchasing Material Master
Inventory Management.
Physical Inventory
Service Entry Sheet
Product Catalog
January 2008
18
Farhan Noor Roll No: 91
Four basics needs of Materials Management :

To have adequate materials on hand when needed To pay the lowest prices, consistent with quality and value requirement for purchases materials To minimize the inventory investment
To operate efficiently
Aim of materials management to get

The right quality Right quantity of supplies At the right time At the right place For the right cost
Arif Hasan
Roll No: 31
Materials budgeting, planning, procurement
Scheduling, purchasing & programing
Receiving & inspection
A r e a
Inventory control
Storage & warehousing
Materials handling & traffic Dispatch & shipping Disposal
Functions..
Willl be added
Functions of Materials Management
Snehasish Kumar Das

Roll No:28
Some of Important problems solved by Materials Management:
Inventory problem
Improving productivity of materials
Waste management
Pilferage
Materials management has been an indispensible art of management. It helps the organization to sustain its growth in the market and gain competitive advantage.
If you have any please raise your voice.

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Welcome: To The of

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to the presentation of

Mirsadul Abrar Mozammel Hoque

Origin of Materials Management:

The Materials Manager

Basic principles of materials management

Must not increase other costs

From the management point of view , the key objectives of MM are :

To maintain continuity of supply

Md. Kamrul Hasan

Economic Procurement Proper storage Proper issue & distribution

Inventory control Storage accounting Assuring high capital turnover ratio

Lead time reduction

Reduce manufacturing cost

Purpose of Materials Management :

Components of Materials Management

Service Master MRP

Foreign Trade/ Customs

Materials Management (MM)

Purchasing Material Master

Service Entry Sheet

Farhan Noor Roll No: 91

Four basics needs of Materials Management :

Aim of materials management to get

Materials budgeting, planning, procurement

Scheduling, purchasing & programing

Receiving & inspection

Storage & warehousing

Materials handling & traffic Dispatch & shipping Disposal

Functions of Materials Management

Snehasish Kumar Das

Some of Important problems solved by Materials Management:

Improving productivity of materials

If you have any please raise your voice.

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