Final purchasing and materials management ppt

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Purchasing
&
Materials Management

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Meaning
 Purchasing & Material Management is responsible for controlling the
cost of goods ordered and controlling the inventory levels. It is part of
Supply Chain Management but it mainly covers the area of outsourcing
and insourcing.
 It is most crucial area of entire organization as it manage the overflow of
materials, from their initial purchase to destination.
 PMM varies from company to company and may include material
production, planning, purchasing and waste management.

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Objective
 To keep department expenses low.
 Development of new vendors (suppliers).
 Maintain good relation with the existing suppliers.
 Training & development of personal employees
 Reduction in real cost.
 Participating in development of new material and products.
 Effective handling of materials.
 To take Economic "MAKE OR BUY" decisions.
 To avoid Stock- out situations.
 To develop policies & procedure.
 Enhancement of firm’s goodwill.

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Purchasing Process
 Market survey
 Requisitioning
 Approving
 Studying Market
 Making Purchase Decision
 Placing Orders
 Receipting Goods and Services Received
 Accounting Goods and Services
 Receiving Invoices and Making Payment
 Credit note in case of material defect

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Integrated Material Management
It is a well coordinated approach towards various issues such as
material planning, reducing uncertainties in demand & supply,
transportation, inspection, proper storage & manage issue of
materials & finally disposal of obsolete, surplus & scrap materials
etc.
Logical sequence in Material Management:
 Forecasting the requirements
 Making stocking policies
 Vendor evaluation
 Release of orders
 Receipt of materials
 Handle issue of maintenance
 Inventory control

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The Final Stage
 The most important job is done when the material is delivered to
the manufacturing organization as the minor delay would cause
serious shortage.
 Processing and assembling the Final product.
 Packaging, Storage and Shipment of the end product and balance
the cost of carrying stock against cost of possible shortages.

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Salary After Doing PMM
Certification

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Companies using PMM
PMM is in use virtually by all industries around the world. Some of the are
listed below:

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Key Features of doing PMM Course
from IACT Global
 Training for PMM
 Books & study Materials for PMM
 Our Certification on Successful completion of PMM Can also be
used
As per our Research 95% Candidates take the benefit of Salary hike,
Promotions by doing certification from IACT Global

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TRAINING & CERTIFICATION
If you want to make yourself more valuable & attractive to your
employer then avail PMM Certification from IACT Global

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Feel free to enquire directly to our professional counselors
Delhi/NCR:0120-3843057
Mumbai:022-30770160
Chennai:044-33720538
Bangalore:080-30752580
Hyderabad:040-30911034
All India:092666-73181
Email: info@iactglobal.in
We are eager to hear from you. Call us Today!!
Thank you

Final purchasing and materials management ppt

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Final purchasing and materials management ppt