Strategic material

Strategic material is any sort of raw material that is important to an individual or organizations strategic plan and to supply chain management. Lack of supply of strategic materials may leave an organization or government vulnerable to disruption of the manufacturing of products which require those materials.[1] It can also refer to a group or department that manages these materials.

In the US Armed Services

The US Defense Logistic Agency manages strategic materials for the US military.[2][3]

In Business

Strategic materials encompass a subset of raw materials required to make a product. The strategic materials may be limited in number or subject to shortages. In this case, the strategic plan would call for an alternative supply chain or alternative materials in the event of a breakdown in the current supply chain.

References

  1. ↑ United States, Office of Technology Assessment, Congress. Strategic materials : technologies to reduce U.S. import vulnerability. DIANE Publishing. p. 5. ISBN 9781428923515.
  2. ↑ "Defense Logistics Agency - Home Page". strategicmaterials.dla.mil. Retrieved 14 January 2014.
  3. ↑ "Strategic and Critical Materials 2013 Report on Stockpile Requirements" (PDF). U.S. Department of Defense. Retrieved 14 January 2014.
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