Material Management
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Questions and Answers

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?

  • Excessive inventory holding
  • Unplanned inventory shortages
  • Just-in-time inventory (correct)
  • Random inventory ordering
  • 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?

    <p>Excessive inventory holding costs</p> Signup and view all the answers

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