improving profitability through effective material management

Role of Material Management in Improving Productivity & Profitability of Manufacturing Companies One perpetual problem faced by manufacturing companies is the rising costs of materials and services. How to ensure continuous production while keeping stringent control on production costs is a concern for a lot of manufacturing SMEs. Hence, this article aims to emphasize the role of material management in improving productivity & profitability of manufacturing companies  What is Material Management? Material management is a function responsible for appropriate planning, organizing, and...