Materials management System
Material Management is responsible for purchasing the highest quality equipment and products at the lowest possible cost for the organization. Material Management is also responsible for managing purchasing, inventory control functions, shipping and receiving, and also planning and administering department budgets.
Materials management is the process of planning and controlling material flows. It includes planning and procuring materials, supplier evaluation and selection, purchasing, expenditure, shipping, receipt processes for materials (including quality control), warehousing and inventory, and materials distribution.