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...Material management meaning is the planning directing controlling and co ordination of all those activities concerned with inventory requirements from point their inception to introduction into manufacturing process according n k nair it integrated functioning various sections an organization dealing supply materials allied in order achieve maximum objectives low prices high turnover cost acquisition possession continuity consistency quality payroll costs favorable supplier relation development personnel good records functions function production control purchasing stores receiving shipping handling traffic importance regular ensured reducing chances any interruption procurement transportation associated are checked efficient store stock minimizes waste inspection at time possibility finished product being rejected by consumer timely raw other inputs can be assured better utilization labor capital equipment procuring supplies machines tools services required for maintenance operation a...