There are 5R Considered in SCM
ANUJ KUMAR SHRIVASTAVA, Manager, India
@Pavan Kumar Rathore
: Respected Sir, though we can't deny the fact that SCM and material management are related to each other. The objectives of SCM are considered to be managing 3 flows properly i.e. Money, Material and Information.
For details you can check my article on the 5Rs of supply chain management
The main role of Materials management is to reduce inventory lying in the form of raw materials, WIP, FG etc., and manage them properly for cost saving as they are assets on the balance sheet and liabilities to Material Management.
This could be reduced using Milk Run, JIT and other processes but always taking care that production is not hampered.