materials management

Definition

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.

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materials management is...

... in the Accounting & Auditing, Entrepreneurship, Management, & Small Business, Inventory Control & Storage and Purchasing & Procurement subjects.

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