The material management function encompasses the complete cycle of acquisition and control and usage. This seminar begins with forecasting and planning and concludes with disposition of obsolete and excess materials. This integrated view provides the organization with the best opportunities for the effective use of company resources for materials expenditures and management.
Materials management elements and functions
Current and future product plans
Supplier selection and supply base management
Current product planning: Sales, inventory, and manufacturing plan
Materials plan: MRPII
Just-in-time (JIT) and distributions requirement planning (DRP)