Introduction to Storing of Materials
Through the purchase department, the material purchased is sent to stores before it is issued for production. So storing of material can be termed as an intermediate step in the material control. there is no requirement for storing the materials, If an organization practices Just in Time inventory system, if not there is a requirement that there is a well-organized stores department in the company which will take care of the storing material. A person who is in charge of the stores department is known as a storekeeper. He has to carry out significant functions. Although these functions may change from organization to organization, the following functions are generally performed through a storekeeper.
i. Acting like a buffer or protection against the consequences of not availability of material.
ii. Protecting the material
iii. Preventing overstocking and under stocking
iv. Establishing an appropriate system for making sure control over usage, by streamlining issues and receipts.
v. Maintain proper records of usage, wastages etc.
vi. Minimizing material losses taking place because of mishandling, evaporation, breakage etc.
vii. Preparing suitable documentation considering the receipts and issues.
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