Materials Management

Knowledge Area Definition

An integrated process for planning and controlling all necessary efforts to make certain that the quality and quantity of materials and equipment are appropriately specified in a timely manner, are obtained at a reasonable cost, and are available when needed.

Value Proposition

Materials and related services account for a large percentage of a capital project’s total installed cost (TIC). Decisions made in the early stages of a project are critical to project success and there is considerable opportunity for cost savings if materials are properly planned and controlled. Implementation of a materials management program contributes to predictable project outcomes, reduced costs, improved productivity, and quality.

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