Materials Management

Cards (10)

  • Forecasting
    Is where past data and trends are used to predict future demands so decisions can be made on material requirement
  • Master production schedule
    Is a plan which describes what is to be produced, in what quantities , where and when.
  • Materials Requirement plan ( MRP )

    is an itemised list of all materials involved in production to meet the orders
  • Just in time
    Is where the right amount of materials arrive just as they are needed for production.
  • Automated-Production Line
    • Arranged in a sequence of machinery, and goods are added to it as it proceeds.
    • Improved Efficiency by:
    • Performs tasks quicker than humans
    • Reduced waste due to improved accuracy
    Improved Effectiveness By:
    • Increased Quality due to improved accuracy.
    • Business is able to meet customer demand
  • Robotics
    • Programmable machines, capable of performing specific tasks
    Improved Efficiency By:
    • Performs tasks quicker than humans
    • Reduced wastage due to improved accuracy
    Improved Effectiveness By:
    • Increased Quality
    • Business meets customer demand
  • Computer Aided Design ( CAD )
    • Digital design software that aids the creation, modification and optimisation of a design
    Improved Efficiency By:
    • Determine material requirements, preventing overstock and understock
    • Using fewer resources
    Improved Effectiveness By:
    • Ensuring the product meets customer demand
    • using 3D to view the product to get a realistic perspective
  • Computer aided manufacture (cam)
    • Software and machinery which allows computers to direct and control the manufacturing process
    Improved Efficiency By:
    • Produced with fewer errors
    • Speeding up production
    Improved Effectiveness By:
    • can enhance product quality
  • Artificial Intelligence (AI)
    • System or Machine that performs tasks that are done by humans
    Improve efficiency By:
    • Can identify errors in the product early, and correct it.
    • can monitor materials to ensure there is no overstocking or understocking.
    Improve Effectiveness By:
    • Improved quality of the product being produced
    • speed up and improve customer service
  • Online Services
    • Allows a business to connect with their customers via social media
    Improves efficiency By:
    • Reduced costs of operating
    • Ability to monitor real-time data, helping manage materials.
    Improves Effectiveness By:
    • Increased accessibility, and increased customer satisfaction.
    • Ability to monitor Demand, Plan for materials and production needs.