Function of Stores -

Wednesday, May 26, 2010

Function of Stores

The functions of stores can be classified as follows:

1. To receive raw materials, components, tools, equipment’s and other items and account for them.

2. To provide adequate and proper storage and preservation to the various items.

3. To meet the demands of the consuming departments by proper issues and account for the consumption.

4. To minimize obsolescence, surplus and scrap through proper codification, preservation and handling.

5. To highlight stock accumulation, discrepancies and abnormal consumption and effect control measures.

6. To ensure good house keeping so that material handling, material preservation, stocking, receipt and issue can be done adequately.

7. To assist in verification and provide supporting information for effective purchase action

You can read more 
Production and Operation Management Notes at this blog.

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