Stores Management Functions of Stores 1 To receive

Stores Management

Functions of Stores 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.

Functions of Stores (Contd…. ) 1. To minimise surplus and scrap through proper codification, preservation and handling. 2. To highlight stock accumulation(growth), difference and abnormal consumption and effect control measures. 3. To ensure good house keeping so that material handling, material preservation, stocking, receipt and issue can be done adequately. 4. To assist in verification and provide supporting information for effective purchase action.

Codification • Codification is a process of representing each item by a number, the digit of which indicates the group, the sub-group, the type and the dimension of the item.

Objectives of Codification • Bringing all items together. • To enable putting up of any future item in its proper place. • To classify an item according to its characteristics. • To give an unique code number to each item to avoid duplication and ambiguity. • To reveal excessive variety and promote standardization and variety reduction. • To establish a common language for the identification of an item. • To fix essential parameters for specifying an item. • To specify item as per national and international standards. • To enable data processing and analysis.