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Stores and inventory management

Stores and inventory management

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Published by jagdeep_naidu
this document talks about stores and inventories in construction and manufacturing sector.
this document talks about stores and inventories in construction and manufacturing sector.

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Published by: jagdeep_naidu on Mar 26, 2010
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02/05/2014

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Stores and Inventory Management 
1
NICMAR
MCM 311-CONSTRUCTION MATERIALS MANAGEMENTSTORES AND INVENTORY MANAGEMENT(INFRASTRUCTURE PROJECTS)Guided byProf GANGULY
Submitted byV.Jagdeep Naidu (231121)Panner Selvam (231103)Kapil Jadhav(231074)
NATIONAL INSTITUTE OF CONSTRUCTIONMANAGEMENT AND RESEARCH, Pune Campus
 
Stores and Inventory Management 
2
CONTENTS
 
Introduction
 
Objectives and Responsibilities of stores
 
Stores personnel and Store organisation
 
Centralized and Decentralized stores
 
Store Layout and Facilities
 
Classification of materials
 
Storage Deterioration and preservation
 
Inventory control
 
Economic Order Quantity
 
Stores accounts and records
 
Conclusion
 
Stores and Inventory Management 
3
Introduction:
Stores management is part of the overall function of materialsmanagement. In order, therefore, to understand the function of the former it is desirable to have a clear understanding of what materialsmanagement stands for. Beginning with the term management isimportant to examine its definition and objectives.Management is the specific purpose of planning, controlling andimplementing.³Materials management´ is one of the recent additions tothe growing glossary on management.Materials management is the process if planning, implementing andcontrolling the flow or storage of input, facilities, service and informationefficiently and effectively from the point of supply to the point of consumption in the conformity of the companies¶ objective.Stores organization may be defined as a systematic coordination andcombination of efforts in manner, which would result in optimumefficiency with a minimum of expenditure.The term Store, Storehouse, or Warehouse refer to a building or room or  place where materials are kept.Objectives and Responsibilities of The Store functionStore is an organization is primarily intended to assist in the production of goods or services and no industrial unit of public undertaking of anysignificant size can be efficiently managed without it.The basic objective is to provide a service to the operating functions andthis aspect must be fully appreciated. All the other activities, althoughthey have their own importance, are subordinate to the mainresponsibility.The service rendered by Stores can be categorized into 4 broad divisions:

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