Definition & Scope of Materials Management

Material management is an approach for planning, organizing, and controlling all those activities principally concerned with the flow of materials into an organisation.

organisation to minimise the various The scope of Materials Management varies greatly from company to company and may include material planning and control, production planning, Purchasing, inventory control, in-plant materials movement, and waste management.

It is a business function for planning, purchasing, moving, storing material in a optimum way which help costs like inventory, purchasing, material handling and distribution costs.