materials management

  

Definition

The planning and control of the functions supporting the complete cycle (flow) of materials, and the associated flow of information. These functions include (1) identification, (2) cataloging, (3) standardization, (4) need determination, (5) scheduling, (6) procurement, (7) inspection, (8) quality control, (9) packaging, (10) storage, (11) inventory control, (12) distribution, and (13) disposal. Also called materials planning.

Use this term in a sentence

  • When ACME Inc increased its materials management budget, they went completely overboard, to the point of installing RFID tags on every crate!

    9 people found this helpful    
  • The materials management plan would have to work, or we would have to come up with something new and I did not think we could do that.

    8 people found this helpful    
  • John just got hired into a Materials Management role. He was responsible for the entire life cycle of materials required to produce all of the companies products.

    3 people found this helpful    
Show more usage examples...

Related Videos




http://www.businessdictionary.com/definition/materials-management.html

Have a question about this term? Ask for help in the
Community
Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z