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...Materials management it deals with purchasing and controlling the used in production process goods planning control decisions to be taken this are a amount of needed for output desired b inventory its storage recording c vendor relations d quality price per unit e quantity time order f methods receiving transporting g handling defective stock policies procedures should established so that most these become routine nature when exceptions occur concerned authority correct them form investment until they sold produce revenue money cannot other income producing purposes consequently manager wants buy small quantities sell rapidly obtain but if too opportunities may lost customers missed also usually results higher prices losses due theft kept minimum while increasing controls reduce cost from increases problem is find balance between two costs raw use take care seasonal variations demand parts supplies represent high all business many companies failed because their inventories locked up mu...