Rong, Yang, Li, Chen, and Dan say that materials management is a core supply function that involves the planning and execution of associated responsibilities. The concept is closely associated with the purchase management function because the latter is also associated with procurement. While materials management mostly focuses on the quantity and quality of goods ordered, the purchase management function prioritizes the timely payment and receipt of items bought. Comparatively, the materials management role concentrates on the flow of goods from the supplier to the company and, eventually, to the end-user.
What is the concept of materials management? How it is different from purchase management?
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Academic.Tips. (2022, February 3). What is the concept of materials management? How it is different from purchase management? https://academic.tips/question/what-is-the-concept-of-materials-management-how-it-is-different-from-purchase-management/
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Academic.Tips. 2022. "What is the concept of materials management? How it is different from purchase management?" February 3, 2022. https://academic.tips/question/what-is-the-concept-of-materials-management-how-it-is-different-from-purchase-management/.
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Academic.Tips. "What is the concept of materials management? How it is different from purchase management?" February 3, 2022. https://academic.tips/question/what-is-the-concept-of-materials-management-how-it-is-different-from-purchase-management/.
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"What is the concept of materials management? How it is different from purchase management?" Academic.Tips, 3 Feb. 2022, academic.tips/question/what-is-the-concept-of-materials-management-how-it-is-different-from-purchase-management/.
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