Material Management (MM)

Material Management (MM) is a business process that oversees the planning, procurement, and storage of raw materials and supplies needed for production. It ensures that the right materials are available at the right time, in the right quantity, and at the right cost, to keep operations running smoothly. MM involves managing supplier relationships, inventory levels, and order processes to optimize resource use and reduce waste. Essentially, it coordinates the flow of materials from suppliers to the manufacturing or service units, playing a crucial role in maintaining efficiency and controlling costs within an organization.