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OBJECTIVE OF MATERIALS REQUIREMENT PLANNING 1. Maintain adequate supply of materials Adequate supply of materials in the production line or for sale must be available at all times. These require careful analysis of the historical supply and demand of the organization's clientele. 2. Maintenance of high-quality standards The items in the supply chain must meet the quality standard required for the processing or for sale. It must ensure that the operation maintains consistent quality of products in order to satisfy customer's needs and wants. 3. Economy fund management Careful value analysis of the supply and demand is weighed against the operation's cash position. Buying too much products as well as buying too limited items at any given time can be damaging to plant operations. There must be enough when it is needed. 4. Maintain corporate competitive position maintaining competitive position is another objective in requirement planning. Choose the supplier that will provide the best combination of pride and service. Usually vendors sell more than the products in cases where volume orders are made. When the context of quality products is the primary concerns, the buyer should concentrate on vendors that are strict on specifications. 5. Get the lowest possible price The lowest price must be obtained. Get as many suppliers that will be interested to supply the corporate requirements. Competitive pricing will surface when the company is a good client. Price negotiations will result to better price index that will be most advantageous to the company.Choose thus-e obiectives of materials requirement planning. How will you achieve such obiectives based from your own experience in handling materials? You may based the situation from your household! room, buying items from different stores, etc. Follow the format below. Objectives of Materials Requirement Planning