Material Management - STORE Procedure and Manual - Presentation, Study notes of Managerial Economics

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Overview

 (^) A general summary of the subject  (^) A broad, comprehensive view; a survey.  (^) A summary or review.

PROCEDURE

Fixed, step-by-step sequence

of activities or course of

action (with definite start

and end points) that must be

followed in the same order

to correctly perform a task.

Repetitive procedures are

called routines.

KEY FUNCTIONS

STORE ISSUE RETURN^ DISPOSE RECEIVE

INWARD INSPECTION

 (^) By  (^) Sample Size  (^) Parameters  (^) Inspection Reports  (^) If OK take material to stock  (^) Otherwise: return, rework, scrap

MATERIAL STORAGE

 (^) Material codification  (^) Material Handling  (^) Location of material  (^) Preservation  (^) Avoid deterioration/losses  (^) Inventory Accuracy

MATERIAL ISSUE

 (^) Receipt of Material Requisition Slip  (^) Material handling  (^) Repacking ,coding, material handling  (^) Updating records

SCRAP DISPOSAL  (^) Segregation  (^) Accounting  (^) Disposal

Material arrives Check supplier Check whether supplier is authorized to supply(PO) Check quantity Prepare a GRN

RECEIPT PROCEDURE



Manual

 (^) A small book such as may be carried in hand , or conveniently handled, or conveniently handled  (^) A Handbook ; Specifically the service book of Roman Catholic Church  (^) A small reference book, especially one giving instructions

Stores Manual

Comprehensive document containing:  (^) Organization  (^) Procedures  (^) Current practices  (^) Company policies

CONTENTS

STORES MANUAL PROCEDURES ORGANIZATIO N/DUTIES/RES PONSIBILITIE S AUTHORITY DOCUMENTS/ FORMS/REGIS TERS

(STANDARD OEPRATING) PROCEDURES

 (^) SOP provides stepwise details how to perform a task/work.  (^) The procedure is standardized and all concerned are required to follow it.