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Store Management 186380305059

1. Store management is concerned with ensuring efficient and economical storage and control of raw materials, supplies, and finished goods. 2. The basic responsibilities of store management are to act as custodian and controlling agent for stored materials and provide service to users. 3. Store management aims to maintain optimal total costs for materials while providing an uninterrupted supply to production departments and minimizing storage costs.

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Mrugank Trivedi
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345 views7 pages

Store Management 186380305059

1. Store management is concerned with ensuring efficient and economical storage and control of raw materials, supplies, and finished goods. 2. The basic responsibilities of store management are to act as custodian and controlling agent for stored materials and provide service to users. 3. Store management aims to maintain optimal total costs for materials while providing an uninterrupted supply to production departments and minimizing storage costs.

Uploaded by

Mrugank Trivedi
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PPTX, PDF, TXT or read online on Scribd
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Store

Management
Name :- Mrugank Trivedi
Enroll No:- 186380305059
Submitted to :- Jayesh Sir
Institution :- Parul institute of
engineering and technology (DS)
Introduction

 Store management is concerned with ensuring that all the activities involved in
storekeeping and stock control are carried out efficiently and economically by
the store personnel.
 'Store keeping' refers to the safe custody of all items of raw materials, supplies, finished
parts, purchased parts etc., in the store-room for which the store-keeper acts as a
trustee. 
 The basic responsibilities of store are to act as custodian and controlling agent for
the materials to be stored, and to provide service to users of these materials. Proper
management of store systems provide flexibility
 Since the materials have a cost , the organization is to manage the materials in store
in such a way so that the total cost of maintaining materials remains optimum.
 Store needs a secured space for storage. It needs a proper layout along with
handling and material movement facilities  
Store Management

 Store Management is that aspect of material control concerned with the


physical storage of goods
Objectives of Store Management

1. To ensure uninterrupted supply of materials and stores without delay to various


production and service departments of the organization.
2. To check in all materials as to quality and quantity.
3. To minimize storage cost.
4. To ensure proper and continuous control over materials.
5. To ensure most effective utilization of available storage space and workers
engaged in the process of store-keeping.
6. To protect materials from loss and wastage due to defective storage.
7. To identify and locate materials in the store-rooms without delay.
8. To develop such a system so that fullest information about store items is available
in the stores at every time.
Functions of store management

1. Issuing purchase requisitions as and when material is required.


2. Receiving purchased stores from the Receiving Department and verifying that every lot of
stores is supported by an indent, a purchase order and an inspection note.
3. Ensuring that all the Goods Received Notes are regularly posted to the Bin Card.
4. Placing and arranging stores received at proper and appropriate places and adhering to the
golden principle of store management
5. Ensuring the adherence to the proper issuing procedure and system followed in the
organization.
6. Taking a periodical review of inventory by initiating various inventory control systems viz.,
perpetual inventory control system and ABC system of inventory control.
7. Supervising and co-ordinating the duties of different types of staff working under the headship
of the store-keeper.
8. Preventing entry of unauthorized persons in the stores.
Store keeper and Duties

1. To issue requisition on purchase department for purchasing materials at the right


time.
2. To accept into stores, materials supplied by suppliers or returned by production
departments.
3. To check in all materials as to quality and quantity.
4. To keep all the materials in safe and convenient manner in appropriate bins and
containers.
5. To issue materials against proper authorization.
6. To maintain proper records of receipts, issues and balance of materials.
7. To watch levels of stock and replenish materials when necessary.
8. To prevent the entry of unauthorized persons into the stores.
THANK YOU

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