Financial Considerations Related to Materials Management

  • Eugene L. Magad
  • John M. Amos
Part of the Competitive Manufacturing Series book series (COMMS)


Financial management is the study and practice of monetary decision making within a company. Financial managers are members of a management team responsible for assessing the financial implications of any decision made by the firm.1 There are many stages during the growth or the contraction of a company where financial decisions determine its success or failure. For example, expansion funds can be obtained from many sources, such as the sale of stocks or bonds, bank loans, and capital equipment leasing. Input into each financial decision comes from members of the management team, which includes groups such as materials management, engineering, and marketing. However, the financial management group makes the final decision in choosing the best alternative, evaluating the present and future impact of the decision.


Cash Flow Total Asset Balance Sheet Income Statement Material Management 


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Copyright information

© Springer Science+Business Media New York 1989

Authors and Affiliations

  • Eugene L. Magad
    • 1
  • John M. Amos
    • 2
  1. 1.William Rainey Harper CollegeUSA
  2. 2.Center for Applied EngineeringUniversity of Missouri-RollaUSA

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