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Questions and Answers
What is the primary focus of material management?
What is the primary focus of material management?
- Maximizing waste and increasing costs
- Ignoring waste and costs
- Minimizing waste and reducing costs (correct)
- Maintaining the status quo
What is a key objective of effective material management?
What is a key objective of effective material management?
- Excessive inventory holding
- Unplanned inventory shortages
- Just-in-time inventory (correct)
- Random inventory ordering
Why is material management important for businesses?
Why is material management important for businesses?
- To create unnecessary bottlenecks
- To maximize inventory holding costs
- To reduce customer satisfaction
- To increase operational efficiency (correct)
What are the consequences of poor material management?
What are the consequences of poor material management?
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