Importance of Material Management

It is important for us to first understand what is material management, its functions, and its objectives in order to appreciate its importance. It will help us manage our material usage or needed base on our monthly or annual consumption. It could also be based on the customer’s demands. In short, material management is important to avoid unnecessary expenses or loss in value of the materials especially when the supplies reach their expiration date without using it.

Materials Management | Functions and Objectives of Material Management – YouTube

https://www.youtube.com/watch?v=oSoU4msV2ss

This video is about Materials management. Most manufacturing concerns spend more than 60% of the money they take in, on materials. That means materials soak …