14-02-2013, 02:36 PM
Project on Material Management
Material Management.docx (Size: 95.78 KB / Downloads: 56)
Introduction To The Project
Material Management is essential constituent of education, civilized and business-minded society. Material Management helps people to remain in touch with the new products launched. More than 80% people must have to seek help from the material management in one or other way.
A material management is a light house that shows direction to people who are willing to buy products like computer and their parts and various other electronical and daily purposes used materials. Material must be available, arranged and kept in such a way that one is able to get out whenever they are required. Quick service is a must if we really want to serve the people.
For managing materials, I have prepared computerized project which can help and guide the key persons and managers to carry out the task easily like issuing of materials, material information, importing and exporting material, increasing membership, adding key persons and adding customers in the management.
Scope of Project
However, after discussing so much about the role of material management it is worth mentioning the scope of the material management also. Although the scope of a material management system is vast, yet we can define the following functions as its scope functions.
Material Planning and Controlling:
One of the key functions that identify the scope of the materials management is the materials planning and control. This function is based on the sales forecast and the production plans of an organization. The activities of this function are:
• Estimation of materials requirements
• Preparation of materials budget of the organization
• Estimating the levels of inventories required in the organization
• Scheduling the orders placed with the vendors to ensure availability of material
• Controlling by monitoring of production visa visra sales.
Purchasing:
The purchasing is another major function for the materials management. This function contains the following activities:
• Identification and selection of possible Suppliers
• Finalizing the terms and references of purchases that are to be made.
• Placing the purchase orders this activity may be staggered as per the inventory control function.
• Managing the purchase orders till delivery of materials
• Giving clearance to payment of received good; and
• Analyzing the performance of the suppliers and rating them.
Stores and Inventory Control:
This function helps in physical control of materials. It has the following list of activities:
• Minimization of material losses due to obsolescence and handling. This activity controls the timely disposal and efficient handling of materials.
• Maintenance of stores records along with proper location and stocking of materials.
• Physical verification of stocks and reconciling.
Future Scope of Project
With growing demands for raw materials occurring all over the world, companies rely on materials managers to handle management of these resources. The materials manager is usually hired by a company to monitor and make best use of materials used to produce products for sale to general, commercial and government customers. This is an important role within a manufacturing or building company, which relies on careful allocation of materials used in production.
A materials manager is often not only in charge of managing materials, but is also involved in the purchasing of these materials. As costs fluctuate depending on the scope and type of materials used, the materials manager must know how and when to purchase the best quality materials at the right price in order to benefit the company the most. A materials manager generally works closely with the executive management team in order to best meet company objectives on existing and future projects.
In order to best supervise this responsibility, the materials manager routinely evaluates existing projects to materials needed to produce finished products in cooperation with logistics managers. This takes continual monitoring of inventory through a supply chain management system. At times, it’s also a requirement to keep spare parts on hand for use in making repairs to returned products that are part of a refurbishment program.