It considers the impact of both near and distant future on organisational activities. Materials management encompasses procurement, transportation, and inventory management of the actual products from manufacturer to storefront. All the sub-systems are mutually related to each other. System approach considers the organisation as a dynamic and inter-related set of parts. Features of Systems Approach to Management An organisation consists of many sub-systems.
Chase et al.,(2009), explained the concept of materials management brings in the total systems approach to managing the entire flow of information, materials and services from raw materials suppliers through factories and warehouses to the end user/customer. It treats an organization as either an open or closed system. Systems theory is one of the dominant organizational theories in management today. Following are the important features of systems approach to management thought: 1. Each part represents a... 2. One of the decisions that companies have to make up front is whether purchasing is considered part of their materials management team function or if it is handled separately by a procurement team. Meaning of Integrated Material Management: Materials Management as a function is responsible for the co-ordination of planning, Sourcing, Purchasing; Moving; Storing and Controlling materials in an optimum manner so as to provide a pre-decided service to the customer at a minimum cost.
The sub-parts should be studied in their enter-relationships rather than in isolation from each other. …
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