This document discusses store management and inventory control. It defines a store as a building where goods are kept for receiving, storing, and issuing materials. The key functions of a store are to receive raw materials, provide proper storage and preservation, meet demand from production departments, and minimize obsolete inventory. There are two main types of stores: centralized stores, which store all items in one central location, and decentralized stores, which store materials closer to points of use. The objectives of inventory management are to ensure continuous supply of materials for production and sufficient finished goods for sales while minimizing costs and obsolete inventory.

1. PTD BY;
RITHIKA KHATWATE
SANJANA BHANDAGE
VINNANNA JITURI
MANJANNA SAWANT
MANJUNATH MERWADE

2. STORE/STORAGE :
 Defined as :
* Building where goods kept.
* Function of receiving , storing and
issuing material .
* Act of storing the goods .

3. Functions of stores
 To recieve raw materials and account them
 To provide adequate and propeer storage
and preservation to the various items.
 To meet the demands of the consuming
deprtaments by proper issues and account
for consumption.
 To minimise obsolescence, surplus and
scrap through proper codification ,
preservation and handling.

4. Contd...
 To highlight stock accumulation ,
discrepancies and abnormal
consumption and effect control
measures.
 To ensure good housekeeping so that
materials handling , materials
preservarion , stocking reciept and
issue can be done adequately.
 To assist verification and provide
supporting information for effective
purchase action.

5. In short:
 Receipt
 Storage
 Retrieval
 Issue
 Records
 Housekeeping
 Control
 Surplus management
 Verification
 Interaction & coordination

6. OBJECTIVES OF STORES
 1. Protection of goods in Store
 2. Make goods available for delivery
 3. Provide low cost services of store-
keeping
 4. Making the store facilities nearer to
operations
 5. Maintain adequate quantities of material,
neither excess nor low
 6. Placing of orders on EOQ (Economic
order of Quantity) principle
 7. Maintain stores in clean/good condition
 8. Ensure safety and security of the store.

7. Types of stores
 Centralised stores
 Decentralised stores

8. Centralised stores:
 Concept is to store all items at a
central place and control materials
from this central place.

9. De-Centralised stores:
 Concept is moving the material to the
respective consumer function or
directly to the points of use.

10. STORE LAYOUT
 Physical arrangement of storage
facilities for efficient receipt, storage
and issue of materials.
 Minimum handling and optimum
utilization of stores.

11. Factors affecting stores layout
 Type of sock
 Volume of stock
 Availability of stock
 Physical factors

12. INVENTORY MANAGEMENT
 INVENTORY –
word originates from the french word
‘inventaire’ and latin word
‘inventariom’.
Which implies list of things found.

13. Definition:
 The term inventory includes materials,
goods in process , finished packaging,
spares, and others stocked in order to
meet an unexpected demand an
unexpected demand or distribution in
the future.

14. Objectives of inventory management:
 Ensure continuous supply raw materials and
supplies to facilitate uninterrupted production.
 Maintain sufficient finished goods for smooth sales
operation and efficient customer service.
 It facilitates product display and service to
customers.
 It helps to utilise people and equipment reasonably.
 It helps to reduce material handling cost.
 Reduce dependencies of one another and enable,
organisations to schedule its operations
independently of another.

15. Factors influencing :
Type of product
Type of manufacture
Volume of production

16. Benefits of inventory management and
control.
 Inventory control ensures an adequate supply of
materials, stores, etc. Minimises stock outs and
shortages, and avoids costly interruptions in
operations.
 It provides check against the loss of materials
through carelessness or pilferages.
 It permits a better utilisation of available stocks by
facilitating inter-department transfers within a
company.
 It makes management to make cost and
consumptions comparisons between operations
and periods.
 It keeps down investments in inventories, inventory
carrying costs and obsolescence loses to the
minimum.

17. Process of inventory management & control.
 Step 1: determination of optimum
inventory levels and procedures of
their reviews and adjustments.
 Step 2 : Determination of the degree
of control that is required for the best
results .
 Step 3 : Planning and design of the
inventory control system.
 Step 4 : planning of the inventory
control organisations.

18. THANKING YOU
.