Which of the following incorporates the management of inventory and stores?
A) Materials management
B) Physical distribution management
C) Purchasing and supply management
D) Logistics

Question

Quizplus · Accepted Answer

Materials management is the process that involves the management of inventory and stores. It deals with the movement of materials from the source of supply through the manufacturing process to the finished product. It encompasses inventory planning and control, warehouse and storage management, and materials handling. Physical distribution management (B) deals with the movement of finished goods from the manufacturer to the customer, while purchasing and supply management (C) is focused on the acquisition of goods and services from suppliers. Logistics (D) encompasses all activities involved in the movement of goods and includes transportation management, warehousing, and inventory management.

Which of the Following Incorporates the Management of Inventory and Stores