Inventory Department - Enlarged Scope for Stores Function

by BS Murthy in English Business

Materials management is about the functional integration of purchase, storage, and issues that involves planning and control of the material needs of an enterprise. Since all the three activities are independent, yet interdependent, they need to be harmonized for ...Read Moreoverall functional efficiency. But the hitch lays in the halo of the purchase activity entailing glamorous prominence that the other two lack. This aberration is attributable to the functional characteristics of purchasing as well as to the positional prerogative the department enjoys in an organization. Functionally, as the purchase activity involves interaction with willing vendors, the buyers come to occupy Read Less