What is Supply Chain Management? Supply Chain Management (SCM) is an important part of every organization, whether small or large. SCM is the active management of supply chain activities to maximize customer value and achieve a…
Category: ERP
Store Management and Its Importance
What is Store? Store is an important component of material management. Store keeps the materials such that the materials are well accounted for, are maintained safe, and are available at the time of requirement. Storage is…
How Material Management Evolved
History of Materials Management Material management as a discipline was rather slow to evolve as compared to production and marketing function. The growth of Material Management as a field of study and one of great…
Reports to give insights of Material Management
Several reports that could be used for making your Material Management efficient and optimize your inventory are:- ABC Analysis ABC analysis is an inventory categorization method in which 10-20% materials having 70-80% annual consumption value…
Material Requirement Planning
Most of the SMEs today are facing problems in inventory control, delayed production, delayed in delivery and many such problems, this causes excess or shortage of materials in inventory, departments not getting materials in stipulated…
Standard Material Management Process for growing SMEs
Why do you need Standard Material Management Process Efficiency in operations is necessary for every organization and hence you need to manage your materials as efficiently as possible. Adopting Standard Material Management process can be…
Formats for Material Management Operations in SMEs
Why do you need Standard Material Management Formats Standard Material Management formats will help in collecting relevant data of your operations. This will eventually help you bringing more visibility and control over your organization, hence helping it in…
Material Requirement Planning
What is Material Requirement Planning (MRP)? Material Requirement Planning (MRP) is a system used for planning, production & inventory control. It integrates data of production schedules with inventory and BOM to calculate purchasing and shipping…
Importance of e-Procurement
Traditional procurement methods vs IT procurement process Procurement methods involve the process of finding, agreeing to terms & acquiring goods or services. Though this sounds pretty simple and straightforward but only the experienced know how…
How Material Management influence Project Performance
Importance of Material Management: Material management is directly associated with the operational efficiency of an organization. A good material management system ensures the availability right materials in the production process with minimum wastage so as to…