Global Procurement and Materials Management - Instructor's Guide
Materials management is a complex and comprehensive process that consists of people, organizations, technology, and processes used to manage the definition, sourcing planning, quantification, supplier qualification, purchasing, supplier QA/QC, expediting, transportation, logistics, and controlling of materials and associated information across the lifecycle of a capital project. Materials and related services account for a large percentage of a capital project’s total installed cost (TIC). Implementation of a comprehensive materials management program contributes to predictable project outcomes, reduced costs, improved productivity and quality, and a safer working environment. Such factors make the study of the materials management process crucial.
This education module addresses concepts, practices, and tools that have been proven to help contractors and owners implement effective materials management programs. This module is based on research conducted by CII Research Team 257.