Professional Documents
Culture Documents
1. Direct materials.
2. Indirect materials.
3. Supplies.
4. Finished or component parts.
5. Stores.
6. Inventory.
• No under stocking.
• No overstocking.
• Minimum wastage.
• Economy in purchasing.
• Proper quality of materials.
• Information about materials.
• Material report to management.
1. ABC technique.
2. Stock levels.
3. Economic Order Quantity.
4. Purchase of materials.
5. Storage of materials.
6. Documents authorizing movements of materials.
7. Inventory systems.
8. Methods of pricing material issues.
A 70 10 Strict control
B 25 30 Moderate control
C 5 60 Loose control
Formula:-
Danger level = average or normal consumption *
maximum re-order period for emergency purchases.
Formula
Average stock level=
minimum level + maximum level
2
EOQ = √2.A.O/C
A= annual consumption
O= ordering cost per order
C= carrying cost of one unit i.e. carrying cost % *
cost of one unit
Requisition No…………..
On……………………. (Date)
………………
Inspector Date
……………. ………….
a. Quantity discount.
b. Trade discount.
c. Cash discount.
d. Sales tax and other levels.
e. Transport charges.
f. Cost of containers.
Objectives:
BIN CARD
Ref Qty Rate amt Ref Qty Rate amt Ref Qty Rate amt
Department………….. Date………..
Rs Rs
Bin No…………………. Issued by………..
Priced by…………..
No…………
Rs Rs
Department……… No…………
Rs Rs
Authorized by…………
Rs Rs
Bin No……………… Date Issued ………..
Authorized by…………
Total
MAHAVEER 08D0208
SACHIN 08D0212
FAIZAN 08D0236
GHOUSE 08D0237
MIRZA 08D0242
PONNANNA 08D0263
LIKHITHA 08D0272
NANDA 08D0281