1. Introduction to Materials Management
Lesson Materials
https://en.wikipedia.org/wiki/Materials_management
Materials management is a core supply chain function and includes supply chain planning and supply chain execution capabilities. Specifically, materials management is the capability firms use to plan total material requirements. The material requirements are communicated to procurement and other functions for sourcing. Materials management is also responsible for determining the amount of material to be deployed at each stocking location across the supply chain, establishing material replenishment plans, determining inventory levels to hold for each type of inventory (Raw materials, Semi-finished, Finished Goods etc…), and communicating information regarding material needs throughout the extended supply chain.
Watch the video below (Overview of the Training Program).