Meaning Material index
What does Material index mean? Here you find 4 meanings of the word Material index. You can also add a definition of Material index yourself

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Material index


The ratio of the sum of the localized raw material weights to the weight of the finished product.
Source: inboundlogistics.com

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Material index


size: 16px; font-family: Arial, Helvetica, sans-serif">    MI=   weight of raw materials needed to produce a unit of finished product
Source: itseducation.asia

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Material index


The ratio of the sum of the localized raw material weights to the weight of the finished product.
Source: logisuite.com

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Material index


Material index is the ratio of weighted products used by industries to choose the best or ideal location where cost can be minimized.in other words,it is the measurements of output produced using a given amount of raw materials to determine an industry location.e.g if output obtained is less than 1, the industry will locate near the source of raw materials but if greater than 1 it can locate near the market but if exactly 1 the industry can locate anywhere.
Fonyuy Geraldino - 26 March 2021

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