Materials Management and Governance (MMAG)
Material management and purchasing functions are often plagued with engineering requisition issues, partial Bill of Materials (BoM) listings, obsolete/inaccurate inventory, purchase order revisions, and other inescapable scenarios. The majority of these problems originate either from lack of uniformity and standardization of material master data or duplication of inputs. Be it a human error in cataloging or unstructured classification in procurement, the repercussions are severely damaging. That is the reason why scaling digital functions is the need of the hour for effective material management.