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Sharmin - Material Management

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11 views7 pages

Sharmin - Material Management

Uploaded by

omairaomuse
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© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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1

Material Management

Writing Assignment 4

Material Management

Sharmin Chowdhury Himu

Trine University

Course: Operations Analytics

Dr. Brian Daenzer

11 July 2024

Author Note

Student Name: Sharmin Chowdhury Himu

I have no known conflict of interest to disclose.

Correspondence concerning this article should be addressed to

Student Name: Sharmin Chowdhury Himu

Email: shimu22@[Link]
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Material Management
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Material Management

Introduction

A comprehensive strategy is required in materials management to balance the dual

demands of environmental sustainability and economic development. The goal of the study is

to examine the important facets of material handling as well as the main obstacles, as outlined

by Allwood (2014) and reinforced by more recent research, including that of Edike (2023).

We investigate the fundamental elements of material management, including procurement

procedures and inventory control, and how they interact with emerging technologies like

artificial intelligence and the internet of things to meet sustainability objectives and improve

operational effectiveness. The topic then shifts to a critical examination of the core obstacles

that negatively impact supply chain performance: inconsistent inventories, convoluted

procurement processes, and ineffective logistics. Such problems necessitate novel strategies

that prioritise sustainability and multi-stakeholder involvement above technological

advancements. Using this lens, the article seeks to highlight strategies that can reconcile the

demands of economic expansion with the principles of environmental stewardship, paving the

way for a more sustainable and effective material handling industry in the future.

Important Components of Material Management


Resource utilisation efficiency is an essential aspect of both economic and

environmental sustainability and material management comprises various approaches towards

this [Link] critics on the viability and attractiveness of a circular economy due to the

energy intensive recycling processes, Allwood (2014) stresses the importance of such an

economy. The elements of material management consist of purchasing and procurement that

emphasises on buying stuff at the lowest prices and terms, inventory management that

involves tracking and controlling inventories so as to minimise costs while meeting demand,

and storage and warehousing which is essential for the quality and availability of
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Material Management

materials. The efficient distribution of goods is mostly dependent on distribution and

transportation, both of which relations are enhanced by the application of information

technology through improved collection and analysis of data.

Key Issue or Issues


It is vital addressing the intricacies arising from key challenges of material

management as Allwood (2014) had stated. The simultaneous pursuit of economic expansion

and environment sustainability is a task which is full of challenges that are very complicated

and interconnected. Incorrect inventory tracking is not only about producing too much and

wastage but also lost opportunities and ineffective operation resulting in negative impact on

both profitability and sustainability. The complexity of procurement is increased by global

supply chains that are susceptible to geopolitical tensions, market fluctuations, and the

unpredictability of global events, hence sustainable sourcing becomes a challenge. Edike

(2023) echoed the same sentiments pointing out that logistics inefficiencies include not only

the physical movement of goods but also the planning and management systems that

coordinate these moves. Underperforming logistics leads to more carbon emissions, waste of

resources and higher operational costs. Thus, these challenges are faced with the amazingly

rapid pace of technologies, customers’ expectations for speed and personalization as well

as the wider scope of global nature of supply chains.

Allwood (2014) contributed, that holistically these problems must be addressed with

innovative solutions. This covers not just incorporating new technologies but also reinventing

business models, fostering collaboration throughout the supply chain and putting

sustainability in front of profitability. The strive towards a circular economy, which implies

materials are reused and recycled thereby, minimizing waste, is an important piece of the

puzzle. Nevertheless, this goal is difficult to attain since logistics, technology, and culture
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Material Management

factors need to be addressed. The integration of advanced technologies, including AI, IoT,

and blockchain, provide possible solutions to some of these challenges through increased

inventory accuracy, improved procurement processes, and logistics efficiency. Nevertheless,

technology itself is not a cure-all; a paradigm shift towards fostering sustainability,

transparency, and cooperation all along the supply chain is desperately called for. This shift is

not only a moral obligation but a strategic one, witnessing rising consumer demand for

sustainable practices and tougher environmental regulations from the governemnt.

Evolution of Technologies in Materials Management


The technical progress in material management has significantly boosted both

productivity and sustainability. According to Allwood (2014), important progresses have

been achieved in the field of inventory management systems, ERP (Enterprise Resource

Planning) systems, AIDC (Automated Identification and Data Capture) technologies,

warehouse management systems as well as transportation management systems. The future of

the material management processes is bright as the incorporation of leading-edge

technologies like Artificial Intelligence (AI), Internet of Things (IoT) and blockchain will

enhance the revolutions. These technologies will improve data accuracy, simplify practice,

and enrich the chain transparency enhancing new opportunities for optimizing materials

waste and environmental impact.

Summary of Conclusions and Key Take-aways


The introduction of sophisticated technology in material management has facilitated

the solutions of the dilemmas of sustainability and efficiency. Allwood, 2014 and Collier et

al., 2014 underline the indispensability of material efficiency and the participation of

stakeholders in the decision-making as important catalysts for more sustainable practices.

From the discussions, it is clear that a holistic approach that embraces technology,
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Material Management

stakeholder’s participation and sustainability is fundamental in improving material

management processes. Such multidimensional approach is not only aimed at maintaining

low environmental footprint but also providing economic sustainability as well as social

desirability, thus matching the objectives of sustainable development. Edike (2023) highlights

the need for innovations that leverage technology in managing material complexities which

range from procurement, inventory management, distribution to waste reduction. A future for

material management is predicted in which AI, IoT, and blockchain technologies will be

central in creating more efficient, transparent, and resilient supply chains. This vision

highligths the necessity to link technological innovations to strategic management to

overcome the challenges of modern material management and establish the foundation to

better future.
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Material Management

References
Allwood, J. M. (2014). Squaring the circular economy: the role of recycling within a

hierarchy of material management strategies. In Handbook of recycling (pp. 445-477).

Elsevier. [Link]

Collier, Z. A., Bates, M. E., Wood, M. D., & Linkov, I. (2014). Stakeholder engagement in

dredged material management decisions. Science of the total environment, 496, 248-

256. [Link]

Edike, U.E. (2023), "Material management practices and factors influencing material

conservation on construction sites in Nigeria", Journal of Engineering, Design and

Technology, Vol. 21 No. 4, pp. 1197-1211. [Link]

0319

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