Materials Management System

Materials Management

The fundamental objectives of the Materials Management function ,often called the famous 5 R’s of Materials Management, are acquisition of materials and services :

  • Of the right quality
  • In the right quantity
  • At the right time
  • From the right source
  • At the right price
Materials Management thus acts as a function of business that is responsible for the coordination of planning, sourcing, purchasing, moving, storing and controlling materials in an optimum manner so as to provide service to the customer, at a pre-decided level at a minimum cost.
Materials Management
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CorporateServe helps organizations manage material management functions optimally and improving efficiencies by implementing the following components:

  • Price
  • Purchasing
  • Inventory Planning and control
  • Storage and Distribution
  • Maintenance of supply and flow of materials in shop floors
  • Quality Control of Materials
  • Simplification and standardization of materials
  • Supply resources identification
  • Just In Time
  • Profit centre accounting
  • MIS