What's the Characteristics of Material Management? Make JIT Decision in Cognizance to Characteristics!
Abstract: Materials management is a critical component of the supply chain. At its core, materials management is responsible for ensuring that materials are available at the right place, at the right time, and in the right quantity. This is no small task, and it requires a range of processes, systems, and people to get right. Materials Management is an integrated system. It is not physical, it is also human, social and cultural. It involves producers, consumers, suppliers, technologists and the government. Keywords Characteristics of Material Management, Industrial Management, Material Cycle, Integrated Approach Learning Outcomes After undergoing this article you will be able to understand the following: Characteristics of Material Management 1. Functions of Industrial Management 2. Specific Process of Management 3. Integrated Approach 4. Wide Process 5. Universal Function 6. Object 7. Optimum Use 8. Regulations of Material Cycle 9. ‘Specialist’ Function 10. Art and Scien