Material Management refers to a method for planning, organising and
managing all the activities that involve the flow of materials into a company.
Materials Management will vary from business to business, but most
processes will include material planning and control, sourcing, production plans, purchases, inventory control and waste management. The goal of Materials Management is to find the optimum and cost-effective way of utilising the materials needed for projects.
Those within management and Business Analyst roles will need to implement or analyse Material Management within their work.