Purchasing Materials Management - vdma.eu
Purchasing and Materials Management
Effective and efficient material supply in the company
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On average, material costs in the mechanical and plant engineering sector account for about 50 per cent of the company's total costs. At the same time, the trouble-free supply of materials is an indispensable prerequisite for functioning production and thus for the timely fulfilment of orders.
The optimal organisation of purchasing and materials management with regard to costs and security of supply is therefore indispensable for the competitiveness of companies.
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The selection and management of suppliers play an important role with regard to the company's ability to deliver and its costs. The complexity of global value creation structures has increased in recent years.
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