What's are the Top Problems in Material Management? Master the Techniques of Overcoming and Add Values to Productivity!
Abstract Materials management involves the planning, procurement, storage, and distribution of materials in an organization. Effective materials management is critical to the success of any business as it ensures that the right materials are available at the right time, in the right quantity, and at the right cost. However, there are several issues that organizations face in materials management. Keywords Material Planning, Design of Product, Specifications of Product, Procurement of Materials, Obsolescence Learning Outcomes After undergoing this article you will be able to understand the following: Problems In Material Management: An Introduction 1. Problems with regards to Material Planning 2. Problem with regard to Design and Specification 3. Problems with regard to Procurement of Materials 4. Problem with regard to Obsolescence 5. Problems Associated with Managing Inventory 6. How to overcome material management problems? Conclusions FAQs References Pro