8 0 preservation of materials 9 9 0 issues of materials from the store 10 10 0 issue of materials on loan 10 11 0 return of rejected materials 10 12 0 stores accounting 11 13 0 scrap management 11 14 0 stock verification 11 15 0 safety of stores 12 16 0 security of stores 13 17 0 appendices 14 18 0 conclusion 14. Store is an important component of material management since it is a place that keeps the materials in a way by which the materials are well accounted for are maintained safe and are available at the time of requirement. Inventory issue materials purchase raw materials receipt stores stores management.
The organisation of the stores department depends upon the size and layout of the factory nature of the materials stored and frequency of purchases and issue of materials. The in charge of store is called storekeeper or stores manager. A storehouse is a building provided for preserving materials stores and finished goods.
A professionally managed stores has a process and a space within to receive the incoming materials receiving bay keep them for as long as they are not required for use custody and then to move them out of stores for use issue. This ledger is maintained in order to ensure correct 1 stores accounting. It is maintained by the costing department and is outside the control of store keeper.
A stores ledger is a record of materials showings receipts issues and balances i of materials in quantities and value. On receipt of sivs store department issues the materials and records the quantities disbursed. Materials are issued only on receipt of a properly authorised withdrawal form which is usually called a material issue requisition form or store issue voucher i e siv.
Stores accounting is the process of recording details of stock movements and balances in terms of financial value. Stock records are the documents which record form day to day full particulars of individual receipts issues and balances of materials in stock. A copy of the requisition will be sent to the costing department for recording the cost or value of materials issued to the cost centre or job.
The store keeper should only issue materials from stores against such a properly authorized requisition and this will be entered in the bin card and stores ledger. Preparation and treatment of material requisition form. A storekeeper cannot issue materials unless a properly authorized material requisition is presented to him.
Materials are kept in stores so that the storekeeper may issue them whenever the production department requires these.
Issue of materials from stores. This is the most orthodox way of issue wherein the indenting department normally sends a man and collects the materials from stores. In a batch production unit sometime the requisition for issue of stores is sent well ahead indicating when i e the time and date it is required.
In a batch production unit sometime the requisition for issue of stores is sent well ahead indicating when i e the time and date it is required. This is the most orthodox way of issue wherein the indenting department normally sends a man and collects the materials from stores.
