To develop successful Materials Management Technical Competencies, we have built a simple self-assessment tool in Excel which you can download and share with your teams as well!
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The tool has 76 questions under below mentioned 11 categories.
11 Components of Material Management Technical Competencies
1. Strategic Sourcing and Purchasing
Strategic sourcing and purchasing is the calculated decision making process in choosing the right materials of the right quantity, at the right time for the right time, this includes procurement decisions which involves the selection of vendors, and materials.
2. Inventory Management
Inventory management is the organisation of stock control in the manufacturing to distribution/warehouses and alternately, from the warehouses to the location of sales.
3. Material Requirements Planning
Materials Requirement Planning is the scheduling, planning and inventory control process, which dictates the manufacturing processes in terms of materials required and product output.
4. Capacity Planning
Capacity planning is the determination of the number of products required by the organisation to meet the demands of its customers. The design capacity in turn is the amount of product demand that the organisation is capable in meeting.
5. Process Planning
Process planning is the usage of technology to assist in the manufacturing of products and in the arrangements in meeting the demands set by the organization.
6. Demand Management and Forecasting
Demand management is the method used to forecast the demand that the organisation would potentially be looking at the meeting. Forecasting is method adopted to predict the actual demand that an organization would be expecting during a manufacturing cycle period.
7. Sales and Operations Planning
Sales and Operations Planning is the synchronization of the entire manufacturing process to enable effective supply chain management.
8. Risk Management
Risk management is the strategic management of processes in the manufacturing line through control of static and dynamic materials to ensure that an organisation is able to maintain profitability rather than conduct activities that would increase cost of production and inventory holding.
9. Supply Chain Continuity
Supply chain continuity is the elimination of risks that would otherwise cause unpredictable breakage in the production line, which would affect the company's performance.
10. Physical Distribution Management
Physical Distribution Management is the streamlining of all processes after the manufacturing of end processes, which includes transportation, packaging, customer service, and inventory control.
11. Supply Chain Resilience
Supply chain resilience is the ability of the supply chain to cope with the major shock and its capability to maintain output and customer service.
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