What are the principles of material control?

Principles of Material Management

• Planning Principle.
• Gravity Principle.
• Space utilization Principle.
• Safety Principle.
• Flexibility Principle.
• Ecology or Environmental Principle.
• System Principal.
• Standardisation Principle.

What are the types of material management?

What are the Types of Material Management?

• Material Requirements Planning.
• Purchasing.
• Inventory Control.
• Material Supply Management.
• Quality Control.

What are the advantages of material control?

Advantages of Material control: It helps in continuous flow of material which helps in preventing delays. Reduction of capital investment in stock of materials. It helps in reducing the cost of material storage and issue. It reduces loss and wastage’s of material like material theft, spoilage etc.

How is material control planned?

MATERIAL PLANNING AND CONTROL – Production and Operations Management. Material planning is a scientific technique of determining in advance the requirements of raw materials, ancillary parts and components, spares etc. as directed by the production program. It is a sub-system in the overall planning activity.

What is meant by material control?

Definition: Material control is a management activity that administers how the inventory employed in the production process is procured, acquired, handled and utilized. It is a process that requires planning, organization an auditing of all the elements employed in certain productive activity.

What are the two levels of material control?

The two levels of material controls are quantity control and financial control. Material control refers to the management function concerned with acquisition, storage, handling and use of materials so as to minimize wastage and losses, both quantity wise and money wise.

What are the three parts of the material handling system?

In early systems of handling materials, goods were handled as single units in a discontinuous manner. These early methods treated the three basic stages of handling—materials collection, manufacturing, and product distribution—as discrete steps, and materials were moved in individual rather than bulk units.

What are the major objectives of material control?

The main object of material control is to ensure smooth and unrestricted production. Production stoppages and production delays cause substantial loss to a concern.

What are the two basic aspects of materials control?

The two basic aspects of materials control are (1) the physical control or safe- guarding of materials and (2) control of the investment in materials.