ADVANTAGES OF MATERIAL CONTROLS - Quantitative Techniques for management

The advantages of material control are as follows:

  1. It helps to minimize loss by obsolescence,deterioration damage etc.
  2. It helps to protect against thefts, wastages,etc.
  3. It helps managers in decision making.
  4. To minimize capital investment in inventory.
  5. To minimize cost of material purchasing.
  6. To increase the storing capacity.
  7. To maintain reasonable stocks of materials.
  8. To facilitates regular and timely supply tocustomers.
  9. To ensures smooth production operations.
  10. To check national wastage.

All rights reserved © 2020 Wisdom IT Services India Pvt. Ltd Protection Status

Quantitative Techniques for management Topics