What is material management?


Any management activity will involve time (T), quality (Q), and cost (C). These three are related to each other and restrict each other, and material management is impossible.

1) T-Time time

Refers to the delivery time, storage time, use time, storage time, return time, etc. of the material.

2)Q----Quality Quality

Refers to the quality of the material itself, the quality of storage, the handling of materials with quality problems, etc.

3) C----Cost Cost

Refers to the price of materials, the cost of warehousing, the cost of stagnation, the cost of downtime caused by shortages, the cost of storage capacity caused by excess, and the cost of capital turnover caused by the occupation of funds.