Materials Management

Description of Materials Management. Explanation.

Definition Materials Management. Description.

Materials Management is a grouping of the organizational functions responsible for the planning, sourcing, stocking, manufacturing, control and distribution activities of materials used in the internal and external fulfillment of demand.

Typical the term includes all logistical activities that controls the transmission of physical materials through the value chain such as shipping and transport, distribution and warehousing, quality control, work in progress and manufacturing.

Compare with: Value Chain  |  Vendor Managed Inventory  |  3rd Party Logistics (3PL)  |  RFID Technology

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End of description Materials Management. An explanation.