ABSTRACT
There is
significance in investigating the problems that surrounded the distribution of
material management in marketing organization. Therefore, this extended essay
attempts to examine the raw materials and scare, production has become complex
and the number of goods strategies for improving the alternative sources are
required and new product needed in distributing channels are being managed. We
all know that goods/materials, cannot reach the ultimate consumer/industrial
users without a checking of the problem of distribution management. Based on
the research made on the extended essay recommendation were made. To minimize
irregularities in the allocation of their products, the company should be out
to visit their various channels when the company has different product line by
each distributor will have the exact of his allocation. Sales representatives
should be out to visit their various retailers and acquire information about
their product and the problem they face before getting the product. In order to
solve channel conflict the organization should be established personal
relationship between representatives of channels members.
TABLE
OF CONTENTS
Title page i
Declaration ii
Approval page iii
Dedication iv
Acknowledgement v
Abstract vi
Table of Contents vii
CHAPTER
ONE
1.1
Introduction 1
1.2
Objectives
of the Essay 3
1.3
Significance
of the Essay 4
1.4
Scope of the
Essay 5
1.5
Definition
of Terms 6
CHAPTER
TWO
Literature
Review
2.1
Definition
of Management 10
2.2
Definition
of Material Management 11
2.3
Function of
Management 15
2.4
The
importance of Material Management
on Purchasing 19
2.5
Handling of
Material in Production System 21
2.6
Importance
of Material Handling 23
CHAPTER
THREE
Summary,
Conclusion and Recommendations
3.1
Summary 25
3.2
Conclusion 26
3.3
Recommendations 27
References 30
CHAPTER
ONE
1.1
Introduction
Material Management was first discovered as very
important function during the Second World War. After industrial revolution
industries are sprining up in hundred everyday activities, raw materials and
scare, production has become complex and the number of goods, components and
raw materials have increased to thousand account head to be prepared and
customer need to be attended to writing a short period of time. Alternative
sources are required and new product need improvements and development with
these problems in minds materials management in modern industries intends to
have stated an attack these problem in a scientific manner to achieve optimum
sources hence professionalism.
With the introduction of materials management into
modern industries, the following advantages have accrued.
i)
High sales
ii)
Good records
iii)
Low cost of
requisition and processing
iv)
Constituency
of qualities
v)
Favourable
supplier relations
vi)
Good storage
facilities
Thus, the importance of materials management lies
in the fact that any significant contribution made by materials management in
reducing material cost will go long way in improving profitability and the rate
of returns on investments. Today, material are the live hoods of any
industries. No industrial concern can operate without them. They must be made
available at the proper place, right source, right quality and at the proper
price.
1.2
Objective of the Essay
The objective of the essay is to look at the
significance of materials management on utilization source in manufacturing.
The objective of the study are as follows:
i)
To discover
problem facing store management in an organization.
ii)
To discover
and encourage the use of new techniques in the management in an organization.
iii)
To determine
the methods of coordinating its activities so that each function form an
integral part of the whole organization.
iv)
To estimate
the degree of contribution of material planning to the efficiency of the
organization performance.
v)
To identify
the various techniques used in solving various and problem that occurs in the
organization so that corrective actions can be taken to achieve the goals and
objectives.
1.3
Significance of the Study
Is a paramount important for researcher on the
significance of the study and dope this extended essay will be of great
important to store managers in an organization.
Which will be given in this study will go a long
way to assisting the organization to improve their operation effective
application of capital, human and material resources in the store department
are no longer on option but a necessary pre-requisite survival and realization.
i)
And also
serve as pre-requisite for the award of National Diploma (ND) in Business
Studies.
ii)
To serve as
reference for the store personnel, lecturers and students of various
institutions for more information about material management.
Solution in the industry to take necessary
corrective and realistic measure of materials. It will show the impact of in
and organization efficiency and performance.
1.4
Scope of the Essay
The scope of essay will be centered on the
material management on purchasing.
As a result of idea on material management, which
cover a wide area, the project term intend to look into affair of the
organization on material management and resource utilization from the past
fourteen years 1992 to 2004. This research is restricted to specific area of
materials management including invoice, Local Purchasing Order (L.P.O) purchase
requisition note Bin Card, job order and form M.
This study cover the area, such as impact of
materials, material handling etc which is the responsibility of management for
the compute flow of materials to the satisfaction of users department in an
organization.
1.5
Definition of Terms
Materials: In an industry it mean everything which is
supplied to the production lines and so includes raw materials, components, sub
assemblies, liquids powerest.
Organization: Is the grouping of related activities together
and assigning those various activities or duties to various employees while at
the same time giving them authority to perform those task.
Raw
Materials: These combines all form
of material that has to be converted into an end product.
Purchasing: Is the activity directed to securing by legal
means, the materials suppliers, services and equipments required in the
operation of an enterprise.
Quality: Is the totality of failures and characteristics
of a product and services that bears on us ability to satisfy a given need.
Quantity: Refers to the value or amount of commodity
required for a particular purpose or that can be economically purchased at a
particular time.
Management: The word ‘management’ can be defined as control
of human activities directed toward specific standard, which can be realized
through the availability of resources such as men, machine, material and land.
Materials
Management: Is the
activities are frequently hand led by the local or officer level and involve
regular communication with the suppliers concerning requirement such as order
quantities and delivering data.
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