THE ROLE OF RAW MATERIAL MANAGEMENT IN PRODUCTION OPERATIONS

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TABLE OF CONTENTS

ABSTRACT. 4

INTRODUCTION.. 5

Meaning of Materials Management. 5

Scope (Functions) of Materials Management. 6

Importance of Materials Management. 7

OBEJCTIVES OF RAW MATERIAL MANAGEMENT. 8

LITERATURE REVIEW… 11

Relationship between Inventory and Raw Material. 11

Classification of Inventory Management System.. 12

Important Elements in Raw Material Management. 13

Conceptual Framework. 14

Nature of Raw Material Management Problem in the Nigerian Manufacturing Sector. 17

Towards Efficiency in Material Management. 18

REEARCH METHODOLOGY. 19

RESEARCH DESIGN.. 19

METHODOLOGY. 19

TOOLS & TECHNIQUES USED.. 21

Raw Material Inventory Management Techniques. 21

MANAGEMENT OF RAW MATERIALS. 24

FUNCTIONS OF MATERIALS MANAGEMENT. 29

PERFORMANCE IMPLICATIONS OF KEY RAW MATERIALS FACTORS. 32

IMPLICATIONS: DEVELOP A STRATEGIC APPROACH TO RAW MATERIALS MANAGEMENT. 34

CONCLUSION.. 62

REFERENCES. 63

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