Material Management
Materials management is the branch of logistics that deals with the tangible components of a supply chain. Specifically this covers the acquisition of spare parts and replacements quality control of purchasing and ordering such parts, and the standards involved in ordering shipping and warehousing the said parts. Efficient and stream lined processes are required to remain competitive in today's marketplace.
This book facilities the development and distribution of knowledge to elevate and advance the procurement profession thus favourably impacting the standard of living of citizens worldwide through improved business practices. The term procurement studied in this book is taken to embrace purchasing materials management logistics supply chain management and strategic sourcing.
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