What does PPMD mean in MANAGEMENT

The PPMD is responsible for researching, evaluating, purchasing, controlling, and disposing of organizational assets. This includes identifying vendors and suppliers who can provide high-quality goods at competitive prices. The PPMD is also responsible for ensuring that assets are protected through security measures such as insurance policies and inventory control systems.

The PPMD works to establish quality standard based on industry requirements and customer needs. They regularly evaluate vendors to ensure they meet these standards. Additionally, the PPMD may take extra steps such as conducting surveys or tests to ensure the purchased assets meet safety regulations and have appropriate warranties in place.

Typically, a senior manager oversees the activities of this department including approving purchases and allocating resources for asset management initiatives. Additionally, there may be other staff members such as procurement officers to help manage day-to-day operations within this department.

Asset disposal refers to selling or transferring any kind of asset owned by a company either internally or externally when it is no longer needed or used by that organization. This includes both tangible (assets with physical properties) as well as intangible (assets without physical properties) assets. Disposing of excess asset reduces costs associated with storing them while also generating revenue through their sale or transfer.