Adebayo monsurat Bus Studies

INTRODUCTION

The issue of materials management and its operational effects in the manufacturing organization is among the last of the specialized business function to centralize and given responsibility and authority of making major contributions to profits. Since the basic goal of any manufacturing company’s activities is the development and manufacturing o products that can be marketed at a profit, this is accomplished by the appropriate blending of what management authorities called the five m’s: machines, men, materials, money and management which are interrelated factors that must be combined properly to achieve economic production, satisfactory and adequate services. Also the effective management of materials engenders the production and modification of materials into useful forms through the utilization of various manufacturing process.