Enterprise resource planning terminology | Inventory optimization

Materials management

Materials management is a core supply chain function and includes supply chain planning and supply chain execution capabilities. Specifically, materials management is the capability firms use to plan total material requirements. The material requirements are communicated to procurement and other functions for sourcing. Materials management is also responsible for determining the amount of material to be deployed at each stocking location across the supply chain, establishing material replenishment plans, determining inventory levels to hold for each type of inventory (raw material, WIP, finished goods), and communicating information regarding material needs throughout the extended supply chain. Typical roles in Materials Management include: Materials Manager, Inventory Control Manager, Inventory Analyst, Material Planner, Expediter and emerging hybrid roles like "buyer planner". The primary business objective of Materials Management is assured supply of material, optimum inventory levels and minimum deviation between planned and actual results. (Wikipedia).

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From playlist Materials Informatics

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From playlist Materials Informatics

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From playlist Materials Lab

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From playlist Materials Informatics

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Materials are either crystalline or amorphous. They contain long-range periodic order or they do not. This leads to very different properties! Crystalline materials can be either polycrystalline or single crystal in nature. we can see evidence of single crystals in faceting of crystal face

From playlist Materials Sciences 101 - Introduction to Materials Science & Engineering 2020

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From playlist Mechanics of Materials / Strength of Materials

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From playlist Product Development

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Hardness measurements

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From playlist Materials Sciences 101 - Introduction to Materials Science & Engineering 2020

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From playlist Make Item Collection Game With AdMob

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From playlist EE402A - Topics in International Technology Management Seminar Series

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From playlist Creating Game Prototypes In Unity

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From playlist Unity XR Interaction Toolkit Tutorials

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From playlist Create High Quality AI For Game In Unity

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From playlist Environment & Energy

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Stanford Online - Learn Product Management in our Courses and Programs

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From playlist Product Management

Related pages

Inventory | Cash conversion cycle | Material requirements planning | Newsvendor model | Economic lot scheduling problem | Enterprise resource planning | Operations research | Economic order quantity