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Materials management contains an integrated process of materials flow, in, through and out of an organization, because it deals with every stage of handling resources in a coordinated and systematic manner to ensure efficiency, cost-effectiveness, and smooth production operations. The essence of materials management lies in ensuring that the right materials are available at the right place, in the right quantity, and at the right time, without unnecessary delays or excesses. This integration is critical because materials form a major portion of organizational expenditure, and mismanagement can lead to disruptions, wastage, or financial loss. The flow of materials into an organization begins with procurement, which includes identifying sources, evaluating suppliers, negotiating contracts, and ensuring timely delivery. This stage is significant because any ___ _____ __________ ___ ___ ______ ____ ________ ___ _____ ________ _______.
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