Importance of materials management

khushal By khushal, 20th Oct 2014 | Follow this author | RSS Feed
Posted in Wikinut>Business>Accounting & Finance

Materials management is an essential part of business. The growth of business depends on good materials management. Some importance of materials management are as follows:

Importance of materials management

Importance of materials management
Materials management is an essential part of business. The growth of business depends on good materials management. Some importance of materials management are as follows:
1 Materials management is important for faster turnover.
2 Good management reduces lead time.
3 Materials management establish better inter departmental cooperation.
4 Materials management reduces the materials obsolescence.
5 Materials management increases personal development of staff.
6 Materials management is important for selection of raw materials.

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author avatar khushal
i am working of business department and i am perfect in business

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author avatar Fern Mc Costigan
21st Oct 2014 (#)

Interesting piece!

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author avatar tafmona
21st Oct 2014 (#)

very cool post

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author avatar Kingwell
29th Oct 2014 (#)

Thanks for the share.

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