Results for tag: "Material Management"

Material Management is a key component of Supply Chain Management (SCM). It involves the planning, procurement, storage, and distribution of materials and products. It is responsible for ensuring that the right materials are available in the right quantities at the right time and place. This includes managing inventory levels, tracking materials, and managing supplier relationships. Material Management also involves the management of the physical flow of materials from suppliers to customers. This includes the selection of suppliers, the negotiation of contracts, and the management of the transportation of materials. It also involves the management of the financial flow of materials, such as the payment of invoices and the management of inventory costs. Material Management is a critical part of SCM, as it ensures that materials are available when and where they are needed. It also helps to reduce costs and improve customer service. Some companies in the Material Management market include Oracle, SAP, Infor, JDA Software, Manhattan Associates, and Kinaxis. Show Less Read more