Procurement and Materials Management (PMM)

Procurement and Materials Management (PMM) refers to the processes involved in acquiring goods and services an organization needs to operate efficiently. Procurement focuses on sourcing and purchasing these items at the best price and quality, while materials management ensures that these goods are stored, handled, and distributed properly within the organization. Together, PMM aims to streamline operations, reduce costs, and maintain a smooth supply chain, ensuring that the right materials are available at the right time for production or service delivery. This is crucial for any business to thrive and meet customer demands effectively.