Material Management
**Material Management**
What is Material Management?
Material Management (MM) is a core function of supply chain management that focuses on planning, sourcing, purchasing, storing, and controlling materials. Its primary goal is to ensure that the right materials are available in the right quantities, at the right time, and at the right cost. MM encompasses a wide range of activities, including demand forecasting, inventory control, vendor management, procurement, and logistics. It is used to optimize material flow, reduce waste, and improve overall operational efficiency within an organization.
Which job functions commonly mention Material Management?
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