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Materials Management System

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Materials Management:

The fundamental objectives of the Materials Management function ,often called the famous 5 R’s of Materials Management, are acquisition of materials and services :


of the right quality

in the right quantity

at the right time

from the right source

at the right price


Materials Management thus acts as a function of business that is responsible for the coordination of planning, sourcing, purchasing, moving, storing and controlling materials in an optimum manner so as to provide service to the customer, at a pre-decided level at a minimum cost.

CorporateServe Helps System:

CorporateServe helps organizations manage material management functions optimally and improving efficiencies by implementing the following components:


MRP

Purchasing

Inventory Planning and control

Storage and Distribution

Maintenance of supply and flow of materials in shop floors

Quality Control of Materials

Simplification and standardization of materials

Supply resources identification

Just In Time

Profit centre accounting

MIS