Material management plays a critical role in the laboratory by ensuring that the right materials are available when needed for experiments and research. It helps to maintain inventory levels, track consumption patterns, and identify areas where cost savings can be made. Good material management practices can also improve the accuracy and reliability of laboratory results.

In our daily lives, material management is equally important. It involves managing the resources we use on a daily basis, such as food, water, and energy. Effective material management can help to conserve resources, reduce waste, and ensure that these resources are used in a sustainable way. It can also help individuals and households save money and improve their overall quality of life.