The document provides guidance on inventory and materials management for Durable Plastics Limited. It discusses defining inventory and materials types. It outlines policies and procedures for purchase requisitions, purchase orders, material receipts, issues, transfers, and the store ledger. It also describes organizing the store management function and handling non-moving inventory through various actions like transfers, returns, price reductions, or donations.
Objectives:
Identify the various functions and responsibilities of the warehouse/stores function.
Identify the various costs associated with holding or not holding inventory.
Describe and contribute in the design of an effective warehouse
Explain how to measure the performance of a warehouse
Warehousing is expensive. cost of the land, building, machinery, labor and the items stored in the warehouse –consumes bulk of money
How do the companies reduce this cost
Maximize the operation by
Streamlining the placement and picking of goods
Reducing the time goods are stored in the warehouse
Automating as much as possible to minimize labor costs
Objectives:
Identify the various functions and responsibilities of the warehouse/stores function.
Identify the various costs associated with holding or not holding inventory.
Describe and contribute in the design of an effective warehouse
Explain how to measure the performance of a warehouse
Warehousing is expensive. cost of the land, building, machinery, labor and the items stored in the warehouse –consumes bulk of money
How do the companies reduce this cost
Maximize the operation by
Streamlining the placement and picking of goods
Reducing the time goods are stored in the warehouse
Automating as much as possible to minimize labor costs
Warehouse Management is presented by Welingkar’s Distance Learning Division. Warehouse is a combination of two words ”ware” and “House” which means that it is a place to house or store/keep wares i.e. items/articles for sale. This presentation includes different aspects of warehouse like function, storage, types of stacking and others.
For more such innovative content on management studies, join WeSchool PGDM-DLP Program: http://bit.ly/DistMang
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Warehouse Management Toolkit
-------------------------------------
There are many fundamental techniques that make warehouse management what it is as a profession, which is summarized in the warehouse management toolkit. While that won't accumulate dust on the material you are collecting, it will be helpful as an insight and understanding tool in the workplace.
This toolkit contains:
- Why have a warehouse?
- Types of warehouse
- Factors in selecting a warehouse
- Warehouse operations in brief
- Selecting warehouse equipment (Storage - MHE)
- Warehouse location mapping
- Cross-docking and how it works
- Warehouse space calculation
- Storage pallet calculation
- Resource planning
- Inventory profiling
- Task interleaving
- Picking strategies
- Warehouse management system (WMS)
- Factors in selecting WMS
- Warehouse risk assessment factors
- Warehouse signs examples
- Warehouse audit checklists
#warehouse
#warehousemanagement
#warehouselogistics
CHAPTER 6 Warehousing Services -BUSINESS STUDIES NIOS X
• Meaning and need for warehousing
• Types of warehouses
• Characteristics of an ideal warehouse
• Function of Warehousing
A warehouse management system (WMS) is a key part of the Supply Chain. Warehouse management systems often utilize automatic identification and data capture technology, such as barcode Scanners, mobile computers, wireless LANs and potentially radio frequency identification (RFID) to efficiently monitor the flow of products. Once data has been collected, there is either a batch synchronization with, or a real-time wireless transmission to a central database. The database can then provide useful reports about the status of goods in the warehouse.
Saving Time and Money in Warehouse Operations (MFSA Annual Conference)interlinkONE
interlinkONE's VP of Sales Karen DeWolfe delivered this presentation at the 2012 MFSA Annual Conference in Asheville, North Carolina.
During the presentation, entitled "Saving Time and Money in Warehouse Operations", Karen shared a number of strategies, technologies, tools, and tips to help companies streamline their inventory management and order fulfillment processes.
Karen covers items such as:
- Online Ordering and Web-to-Print portals
- Wireless Barcode Scanners
- Order Picking Options
- Inventory Replenishment Techniques
- And more!
Warehouse Management is presented by Welingkar’s Distance Learning Division. Warehouse is a combination of two words ”ware” and “House” which means that it is a place to house or store/keep wares i.e. items/articles for sale. This presentation includes different aspects of warehouse like function, storage, types of stacking and others.
For more such innovative content on management studies, join WeSchool PGDM-DLP Program: http://bit.ly/DistMang
Join us on Facebook: http://www.facebook.com/welearnindia
Follow us on Twitter: https://twitter.com/WeLearnIndia
Read our latest blog at: http://welearnindia.wordpress.com
Subscribe to our Slideshare Channel: http://www.slideshare.net/welingkarDLP
Warehouse Management Toolkit
-------------------------------------
There are many fundamental techniques that make warehouse management what it is as a profession, which is summarized in the warehouse management toolkit. While that won't accumulate dust on the material you are collecting, it will be helpful as an insight and understanding tool in the workplace.
This toolkit contains:
- Why have a warehouse?
- Types of warehouse
- Factors in selecting a warehouse
- Warehouse operations in brief
- Selecting warehouse equipment (Storage - MHE)
- Warehouse location mapping
- Cross-docking and how it works
- Warehouse space calculation
- Storage pallet calculation
- Resource planning
- Inventory profiling
- Task interleaving
- Picking strategies
- Warehouse management system (WMS)
- Factors in selecting WMS
- Warehouse risk assessment factors
- Warehouse signs examples
- Warehouse audit checklists
#warehouse
#warehousemanagement
#warehouselogistics
CHAPTER 6 Warehousing Services -BUSINESS STUDIES NIOS X
• Meaning and need for warehousing
• Types of warehouses
• Characteristics of an ideal warehouse
• Function of Warehousing
A warehouse management system (WMS) is a key part of the Supply Chain. Warehouse management systems often utilize automatic identification and data capture technology, such as barcode Scanners, mobile computers, wireless LANs and potentially radio frequency identification (RFID) to efficiently monitor the flow of products. Once data has been collected, there is either a batch synchronization with, or a real-time wireless transmission to a central database. The database can then provide useful reports about the status of goods in the warehouse.
Saving Time and Money in Warehouse Operations (MFSA Annual Conference)interlinkONE
interlinkONE's VP of Sales Karen DeWolfe delivered this presentation at the 2012 MFSA Annual Conference in Asheville, North Carolina.
During the presentation, entitled "Saving Time and Money in Warehouse Operations", Karen shared a number of strategies, technologies, tools, and tips to help companies streamline their inventory management and order fulfillment processes.
Karen covers items such as:
- Online Ordering and Web-to-Print portals
- Wireless Barcode Scanners
- Order Picking Options
- Inventory Replenishment Techniques
- And more!
Coma campus is best training and development institute. We have provided best mentor as an industry worker for SAP as a development field. We have best facility like as a lab, Theoretical based but 90% have practical based training and 10% theoretical.<a>SAP Training in noida</a>
GAAP and IFRS call for true and correct representation of material assets (inventory and WIP) of the reporting company. The valued inventory should have demand and the market price should be more than the reported value.
WholesaleNet is designed for wholesaler handling purchase, sales and distribution of merchandise. For end products, finish goods and merchandise purchasing, inventory and sales to customer. Wholesaler use it to keep track of their purchasing, inventory, selling and cost comparison
a) DRUG STORE MANAGEMENT AND INVENTORY CONTROL.pptx
Material Management
1. FOR RFL ( Durable plastics limited)
S. M. Zabed
Assistance Manger
Store & Inventory
2. Objective…??
How to Manage The Materials in Manufacturing Industry.
Standard Operating Procedure in DPL.
How to maintain lead time.
How to maintain Stock label.
Why Create Non Moving.
What's types of action taken for Non Moving.
How to control dead items.
3. What is materials Management.?
Option-1
Inventory is a list of goods and materials, or those goods and materials
themselves, held available in stock by a business / organization. It can be
defined in this away that, “Inventory is the list of goods or raw materials for
the purpose of production availability in the manufacturing company shop.
In accounting inventory is considered as an asset.
Option-2
Inventory is a quantity of stores/goods that is held for some purpose or use.
Meaning to take inventory or to count all goods held in inventory. Inventory
may be kept “In –house,” meaning on the premises or nearby for immediate
use: or it may be held in distant warehouse for future use. With the
exception of firms utilizing just-in-time methods more often than not, the
term “ inventory” implies a stored quantity of goods that exceeds what is
needed for the firm to function at the current time (within the next few
hours or days).
4. Materials Type..??
Mainly we use three types of materials as bellow:
1. Raw Materials (RM)
2. Packaging Materials(PM)
3. Mechanical and Electrical parts (ME)
5. 1.Raw Materials (RM)..??
Raw materials means which item directly involve to produce the product.
We use various type of Raw materials as bellow.
PP HP (Poly propylene Homo polymer)
PP CP (Poly propylene Co-polymer)
RCP (Random Co-polymer)
HDPE (High Density poly ethylene)
LDPE (Low density poly ethylene)
PC (Poly Carbonate)
MS (METHACRYLATE STYRENE RESIN)
MB (Master batch)
TPR
GPPS
HIPS
ABS
PP Filler
Etc….
6. 2.Packaging Materials(PM)..??
Option:1
Packaging Materials is the technology of enclosing or protecting
products for distribution , storage , sale, and use packaging also refers to
the process of design, evaluation and production of packages.
Option:2
The packaging materials can be a load carrier. The most important
packaging materials include creates, Boxes, containers wire baskets and
plates.
We use various types of packaging Materials as bellow:
Heat Seal Foil, Inmold Foil, Label ,Sticker ,Hologram ,manual, Tag etc.
Carton & Inner Packet.
Various type of poly (LDPE,PP,BOPP,POF) etc.
7. STORE ADMINISTARTION
The following departments are related to the store management:
1. Store at Factory – The end users of materials.
2. SCM – Material purchaser
3. Accounts – Inventory Record and Payment to suppliers
4. Top Management – Approval
9. Function of Store Management at Factory
Purchase Requisition (PR)
Purchase Order (PO),SCM
Material Receiving Report (MRR)
Issue of Materials (CO)
Other Receive(OR)
Other Issue (OI)
Delivery request (DR)
Transfer Out (TO)
Transfer In (TI)
Store Ledger
Store Software (SCM)
Reports
11. Store Uses format (Software/Manual)
SL No Particulars Software/Manual Form No.
1 PR Raising policy local Manual F-1
2 PR Raising policy Import manual F-2
3 PR Format Software F-3
4 PO Format Software F-4
5 MRR Format Software F-5
6 Store Ledger Format Software F-6
7 TO/TI Format Software F-7
8 Unadjusted Balance (IOU) Slip Format Software F-8
9 Transaction List Format Software F-9
10 Last Purchase Rate Format Software F-10
11 Inventory level Format Software F-11
12 Physical Inventory Report Format Manual F-12
12. STORE RECORD KEEPING IN SUBSIDIARY LEDGER (SL)
Subsidiary stock ledger is the primary book to keep records of materials in details. An
oracle based SCM Software is maintained ledger of materials under store.
Purchase Requisition (PR): PR raised by the store person based on
reordering/ordering level and quantity in a standard frequency.
13. Standard Frequency of PR..
Group of Item Order Frequency Remarks
1 RM Once a month
2 Chemical Once a month
3 Stationery Once a month
4 Medicine Once a month
5 Mechanical Once in a month and Need basis
6 Electrical Once in a month and Need basis
7 Packaging Once a month
8 Vehicle Once in a month and Need Basis
9 Tetra Spares Need Basis
10 Civil Need Basis
11 Misc. Once a month
12 Fixed Assets Need Basis
13 MIS Once in a month and Need Basis
14 Trading items On demand
14. Store Physical Control..
Bulk Raw Material (RM).
# PP HP, CP, RCP,HDPE,LDPE,PC.MS,PET,TPR,ABS,GPPS,HIPS,FILLER Etc.
Packaging Materials (PM).
# Heat Seal Foil, Inmold Foil, Labels, Stickers, MRP/Barcodes, Gaskets, Manuals,
Tags , Inner packets, Cartons etc.
Mechanical Items
Chemical Items
Electrical Items
Physical Inventory Reporting
Etc……
15. Reordering/ordering level:
Reordering/ordering level means the level of stock where requisition to
be placed to SCM.
Reordering/Ordering Level:
= Maximum Lead Time (LT) x Maximum Usage of Materials per Day
Or,
= Safety Stock + Lead time Consumption (LT x Average Consumption per
day).
Lead Time (LT)
= Date of goods delivered – Date of order placed
16. Policy Of PR.. Group’s management
policies
No need to take print of PR, the purchaser shall procure materials based on
computer software generated copy of PR. No edit in PR via telephone shall be
accepted.
PR not taken action by the purchaser shall automatically be deleted from software
after 45 days for local purchase and 120 days for imported items.
No PR can be raised for fixed asset items, if he doesn’t get CEO/DMD’s approval.
Standard lead time to be given to the purchaser to purchase the requisitioned items.
PR must be marked “Import” if the items are to be imported.
Continue..
17. All columns must be filled while raising PR.
PR must be noted the expected delivery date of goods.
PR must contain last purchase rate of the requested item.
Proper specification must be clearly mentioned in PR.
Otherwise PR shall not be valid to take action.
In case of any deviation approval to be taken from respective
authority/BU heads.
Separate Policy enclosed for raising PR and maintain lead time
Etc…
Policy
18. Material Receiving Report (MRR):
After receiving PO and materials (as per requested quality), MRR to be
issued.
MRR to be authorized via SCM software with the following persons:
1. Store In-charge or designated Store In-charge 2nd in-command,
2. QC In-charge or designated QC 2nd in-command
3. Factory In-charge or designated Factory In-charge 2nd-in-
command
VAT dept. (for VATable items)
No. of Copy : 3 (Three)
MRR Users : (1) Purchaser, (2) Accounts & (3) Store Keeper
19. Policy of MRR..
MRR to be issued within 48 working hours receiving goods other then Sugar, Palm oil
etc. which to be done within 24 hours.
MRR to be printed by the authorized person in SCM.
MRR qty. to be same as actual quantity received and rate to be same as PO.
MRR must be printed once If it is necessary to get print of MRR twice on the same
day, 2nd copy and onward must be noted as “Duplicate”. If it is necessary to get print
on the following date MRR (Account copy) must be noted as 1/2/3 on the original
MRR.
The rate of new MRR shall effect based on arrival date rather entry date of MRR. But
arrival date can’t be previous month after the month is closed.
20. Issue of Materials & Other Issue.
Issue of Materials :The store keeper shall issue materials based on
Consumption Demand (CD) and record the issue/consumption
under the following “Nature of Expenses”
Nature of expenses : Consumption (CO), Capital Installation (CI),
Fixed Assets (FA), TO, OI.
Other Receive/Issue: Other receives means any receive other than
receive through MRR like reusable rejection, excess material etc.
Other issue means any issue from other receive.
Other Receive/Issue: Other receive items are limited. Subject to
concerned authorized person's approval other receive items’ code to
be opened in the software
21. Transfer Out (TO)/Transfer In (TI).
Transfer Out (TO)/Transfer In (TI): TO and TI is needed when materials are
transferred from one warehouse to another warehouse within the group. Materials
transferring warehouse issue TO at time of physically transferring out the
materials and materials receiving warehouse raise TI against the respective TO
which has already been issued.
Policy:
DR (Demand Requisition) must be raised before issuing TO.
TO be used as challan and to be handed over to the driver. Without issuing TO, no
materials or goods can be delivered one location to others location.
Within 3 days of issuing TO, TI must be raised.
22. Store Ledger :
Store Ledger : Store ledger is a statement showing the movement of a
particular material , Opening balance, receive, issue and Closing balance.
After proper recording of transaction (from section 1.1 to 1.6) store ledger
to be generated to see the accuracy of qty. and rate of the materials.
Store Software : Store subsidiary ledger is based on an oracle program
based software. Therefore, no manual ledger needs to be maintained at any
store.
27. Inventory balancing
Transfer the excess stock to another
company location where the inventory
is needed
# This option is particularly attractive
if the cost of transporting the product
between branches is a small fraction of
the value of the item
Return Material to the Vendor
The actual desirability of this option
varies with each supplier
# The best time to negotiate the terms
for the return of material with a
vendor is before you agree to take on a
new product line or place a very large
purchase order
Reduce the price to “move” the
excess inventory
Department stores do it, why can’t
you?
# A customer might purchase a
discontinued Item if the price is
substantially lower than a similar item
from normal stock
28. Offer salespeople a monetary incentive to
sell the product
Sometimes it is almost miraculous how fast
inventory can move when salespeople are
provided with the proper incentive.
# Remember that inventory is not worth what
you paid for it, it is worth what someone is
willing to pay you for it
Create the position of a Dead Stock
Manager
This person has the responsibility of taking all
dying and dead stock items and making them
disappear
# This person should report directly to the
President of the company, as tough decisions
will have to be made
Re-package it with "good items “
Selling it as part of a package deal
# Bundle it into groups and talk to your better
customers, asking them to take the entire
bundle at a certain price
# Hold a semi-annual or annual "garage sale,"
grouping dead stock with good items -- setting
a goal to sell it all during the one-day "garage
sale;
29. Advertise the availability of this material to
other suppliers
Consider placing ads in industry publications
listing the products you’re planning to liquidate
# There are also Internet World Wide Web sites
that maintain lists of available surplus stock
# Internet sites that specialize in surplus material
allow you to sell specific items in your excess stock
at an amount close to your actual cost
Brainstorm and get creative
Instead of taking the typical non-action of
ignoring the situation, one salesman took
assertive action
# As there was no other use for the material, this
was truly “found” money!
Substitute the product for a less-expensive
item.
Department stores do it, why can’t you?
# Change The Marketing Policy
30. Donate the material to a non-profit organization
Can a school, church, or charity use some of your dead
or slow-moving inventory?
# Do This With Some Marketing View
Throw it away
The least agreeable alternative
# Throwing Can be with some vendor, with customer as
free offer with some sales & Marketing policy which is
feasible for you
# At least your freeing up some shelf space in your
warehouse, getting rid of an eyesore, and getting some
value by being able to write off the cost of the material.
# But be sure you have tried all of the other possibilities
before you implement this last resort.
31. Search For Alternate Uses of
The Stock. All The User
Department should be
informed
The List of the obsolete Item
can be circulated to other
similar organization by
creating mutual
understanding
Approach Some trading
organization who are in touch
with other similar organization
who may need the item for
their promotional or regular
activities
By tendering out or by auction.
Selling to traders who by the
product as is where is basis.
32. Get Rid of Dead Stock
Product
Promotion
s
Distributo
r Support
&
Training
Contests
Product
For Work
Industry
Awards
Selling
To
Employee
New Idea