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Functions of Material Management.
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The functions of material management are as follows:

  1. Material Planning and Programming: - this consists of determining the total material requirement for any project by considering all factors. It also consists of laying down standards for the materials, substitutes, sources of supply etc.
  2. Material Purpose: - this consists of locating and developing sources of supply, market research for purchasing, calling of tenders, selection of suppliers, negotiations, contracting and issuing of purchase orders.
  3. Store Keeping: - This involves receiving and custody of purchased materials. The materials should be stored in such a way that handling and damage caused is minimum.
  4. Inventory Control: - This is a system of locating, storing and recording of goods so that they can be made available to the actual site at minimum total expenditure.
  5. Quality Control and Inspection: - Quality control is the control of quality during manufacturing. Inspection consists of comparing the actual products against previously laid down standards and specifications.
  6. Material Handling: - From the receipt of goods, inspection in the storage and issue for use, materials should be handled in such a way so as to cause minimum damage.
  7. Disposal of Surplus, Obsolete and Scrap stock: - if surplus, obsolete and scrap stock is held in possession, this involves inventory carrying, storage and security costs. Hence, this should be disposed of as soon as possible.
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