Why control is needed in materials management? Explain the different types of control needed in materials management?
Control is essential in materials management to ensure efficient and effective handling, utilization, and procurement of materials within an organization. Effective control helps in optimizing resource allocation, reducing costs, minimizing wastage, and ensuring that materials are available when needed. It also helps in maintaining quality standards and meeting customer demands. Here are the reasons why control is needed in materials management:
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Cost Control: Materials typically represent a significant portion of an organization's expenses. Effective control helps in managing and reducing these costs by minimizing overstocking, stockouts, and wastage.
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