Materials Management in procurement is a complex process that ensures the efficient and effective use of resources for the acquisition, control, and distribution of essential goods needed for an organization. It involves tracking, controlling, and managing materials from the point of purchase through to delivery. This can include everything from forecasting demand and ordering items to maintaining inventory levels and allocating resources. Materials Management helps to ensure companies have the right quantity of materials available when they need them, minimizing waste, improving efficiency, and increasing profitability.