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Essay / Materials Management: The Purpose of Materials Management
The person handling materials should keep in mind the company's goals and ensure that the company does not pay money extra for materials. The goal of any business is to make a profit. This is the basis of business survival, costs should not exceed revenues, but keeping in mind the customer's expectations. Additionally, Jacobs et al. (2009) stated that the objective of materials management is to ensure that the right item is purchased and made available to manufacturing operations at the right time, in the right place and at the lowest possible cost. Typical tasks associated with a materials management are (Tersine and Campbell (2004), Ammer (1999), Stukhart (2007)): sourcing and purchasing, shipping, materials planning, materials handling, distribution, cost control, management inventory/reception/warehousing and