Materials Management in Capital‐intensive Industries

In capital‐intensive industries, the management of the prime revenue‐earning capital assets is of critical importance. While much has been done to improve some key functions, such as maintenance of the asset, the area of materials management – a critical support service – is frequently ignored. Defines the scope and impact of materials management and sets out the key aspects involved in optimizing performance. Places emphasis on aligning the objectives of“materials” with overall corporate goals, and examines a number of internal and external influences (such as people factors,customer and supplier relationships, systems and technology, market trends and industry developments) to enable definition of the right“materials” strategy.