Materials Management And Logistics

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Title: Materials Management And Logistics
 
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Subject: Business
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Date: April 6, 1998
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Johnson (1999) has defined the important role of materials management as continues replenishment programs, vendor managed inventories programs, joint managed inventories programs, and collaborative planning, forecasting and replenishment business models...
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For that reason, most organization has re-developed and re-implemented planning system, which allow organizations to manage procurement activities effectively in order to meet customers’ needs and requirements (Stadtler and Kilger 2000). Some of the important features of materials management system have been classified by Sidwell (2005) as follows: • Integrate front-office function (estimating and construction) and back office functions (accounting and purchasing) • Integrate cost control, project scheduling, and material quantities measurement functions • Utilize world-wide-web technology to facilities communications and data transfer • Provide a common database of price, project information, productivity, etc...
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