What Is Material Management?

In the context of business, material management is the process of planning, organising and directing logistical activities involving materials and inventory. The core idea behind this process is to control the movement of materials and equipment by requesting them in advance, purchasing or renting them at a reasonable price and making sure they are available when needed. Material management is a key part of the supply chain process and ensures that professionals efficiently and correctly direct materials required for manufacturing procedures.

There are numerous roles in the domain of this process, like inventory control manager, material manager, inventory analyst, material planner and expediter, along with roles like buyer and logistics planner. This has become a popular organisation style, as effective teams can help maximise profits by optimising the flow of materials. This can be a challenging goal to accomplish, as there are many factors that can lead to production shortages, including