The document discusses store management and various aspects related to it. It defines store management and outlines key objectives like minimizing production costs and maintaining material value. It describes important store functions such as receipt, storage, retrieval, issue, records keeping, and control. It also discusses centralized and decentralized store models and factors affecting store layout. The overall purpose of store management is to receive, store and issue materials efficiently at lowest cost.
Stores management is part of the overall function of materials management. In order, therefore, to understand the function of the former it is desirable to have a clear understanding of what materials management stands for.
According to Alford and Beatty “storekeeping is that aspect of material control concerned with the physical storage of goods.” In other words, storekeeping relates to art of preserving raw materials, work-in-progress and finished goods in the stores.
Stores management is part of the overall function of materials management. In order, therefore, to understand the function of the former it is desirable to have a clear understanding of what materials management stands for.
According to Alford and Beatty “storekeeping is that aspect of material control concerned with the physical storage of goods.” In other words, storekeeping relates to art of preserving raw materials, work-in-progress and finished goods in the stores.
Purchasing Management
Principles of Purchasing Management OR (8 R'S)
Functions of Purchasing Management
Negotiating
Value Engineering
VALUE ANALYSIS
Receive Purchase Request
Supplier selection
Payment Authorization
Market research and Information
Selection of Source
Determination of Price and Availability
Follow Up
WAREHOUSING AND STORAGE IN SUPPLY CHAIN MANAGEMENTAjeesh Mk
This Presentation "Warehousing and storage in supply chain management" covers topics Warehouse and Storage, Warehouse Management, Functions, Economic and Service Benefit, Principles of Warehouse design, Kinds of Warehouse etc.
Part of the induction course for students undertaking diploma and degree in environmental lab science, public health, Analytical Chemistry, Applied Biology, Medical Lab Sciences and Food Technology.
Material Handling
Objectives of Materials Handling
Material Handling Principles
Storage Equipment
Belt Conveyor
Store Management
Objectives of store
Spare Part Management
Classification of Spare parts for stocking policy Analysis
Codification
Objectives of Codification
Standardization
Advantages of Standardization
Purchasing Management
Principles of Purchasing Management OR (8 R'S)
Functions of Purchasing Management
Negotiating
Value Engineering
VALUE ANALYSIS
Receive Purchase Request
Supplier selection
Payment Authorization
Market research and Information
Selection of Source
Determination of Price and Availability
Follow Up
WAREHOUSING AND STORAGE IN SUPPLY CHAIN MANAGEMENTAjeesh Mk
This Presentation "Warehousing and storage in supply chain management" covers topics Warehouse and Storage, Warehouse Management, Functions, Economic and Service Benefit, Principles of Warehouse design, Kinds of Warehouse etc.
Part of the induction course for students undertaking diploma and degree in environmental lab science, public health, Analytical Chemistry, Applied Biology, Medical Lab Sciences and Food Technology.
Material Handling
Objectives of Materials Handling
Material Handling Principles
Storage Equipment
Belt Conveyor
Store Management
Objectives of store
Spare Part Management
Classification of Spare parts for stocking policy Analysis
Codification
Objectives of Codification
Standardization
Advantages of Standardization
1) Layout and Physical Facilities For Medical Store
• Designing a Drug Store
• Location and Layout of the Hospital Pharmacy
• Layout
• Flow charts for Materials and Members
General Flow Chart Out Patients
General Flow Chart In Patients
General Flow Chart for Materials
• Selection of Site Space, Layout & Design For Community Pharmacy
• Plan an Ideal Retail and Whole sale Store
• Legal Requirements
General Licenses
Restricted Licenses
• Physical Facility
Personal and Floor space Requirement including Equipments
2) Staff
• Selection Of Staff
• Compensation
3) Receipt of drugs
• What is a Drug?
• Requisition, Supply and Receipt of Drugs
Drug request
Completing Stores Requisition/ Delivery (issue) Form
• Supply of Drugs from Medical Stores
Store Requisition / Delivery (issue) Form
Receipt of drugs at Dispensary
4) Disposal of Expired Drugs
5) Drug Safety
6) Unit dose dispensing
• What is UDD
• ADVANTAGES
7) Guidelines To Minimize Pilerage of Drugs
8) Hathi Committee Recommendation For Hospital Pharmacy
This presentation describes the programme in more details. This is a part-time Master degree program for senior managers. This is an international program delivered by a consortium of schools based in China, Brazil, India,
UK, Canada.
This whitepaper presents the key elements that ought to be in place in order to increase sales and profitability through improved store performance. Effective daily management enables stores to tackle the issues appropriately and to take immediate actions to handle them.
SIM Unit 4
Store management :
Materials handling,
Flow of goods/FIFO,
Computerization of inventory transactions
Security of stores,
Stocking and technical impacts-
shelf life,
wastage,
pilferage
Material management is a scientific technique, concerned with Planning, Organizing & Control of flow of materials, from their initial purchase to destination.
Inventory generally refers to the materials in stock. It is also called the idle resource of an enterprise. Inventories represent those items, which are either stocked for sale or they are in the process of manufacturing or they are in the form of materials, which are yet to be utilized.
"𝑩𝑬𝑮𝑼𝑵 𝑾𝑰𝑻𝑯 𝑻𝑱 𝑰𝑺 𝑯𝑨𝑳𝑭 𝑫𝑶𝑵𝑬"
𝐓𝐉 𝐂𝐨𝐦𝐬 (𝐓𝐉 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬) is a professional event agency that includes experts in the event-organizing market in Vietnam, Korea, and ASEAN countries. We provide unlimited types of events from Music concerts, Fan meetings, and Culture festivals to Corporate events, Internal company events, Golf tournaments, MICE events, and Exhibitions.
𝐓𝐉 𝐂𝐨𝐦𝐬 provides unlimited package services including such as Event organizing, Event planning, Event production, Manpower, PR marketing, Design 2D/3D, VIP protocols, Interpreter agency, etc.
Sports events - Golf competitions/billiards competitions/company sports events: dynamic and challenging
⭐ 𝐅𝐞𝐚𝐭𝐮𝐫𝐞𝐝 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐬:
➢ 2024 BAEKHYUN [Lonsdaleite] IN HO CHI MINH
➢ SUPER JUNIOR-L.S.S. THE SHOW : Th3ee Guys in HO CHI MINH
➢FreenBecky 1st Fan Meeting in Vietnam
➢CHILDREN ART EXHIBITION 2024: BEYOND BARRIERS
➢ WOW K-Music Festival 2023
➢ Winner [CROSS] Tour in HCM
➢ Super Show 9 in HCM with Super Junior
➢ HCMC - Gyeongsangbuk-do Culture and Tourism Festival
➢ Korean Vietnam Partnership - Fair with LG
➢ Korean President visits Samsung Electronics R&D Center
➢ Vietnam Food Expo with Lotte Wellfood
"𝐄𝐯𝐞𝐫𝐲 𝐞𝐯𝐞𝐧𝐭 𝐢𝐬 𝐚 𝐬𝐭𝐨𝐫𝐲, 𝐚 𝐬𝐩𝐞𝐜𝐢𝐚𝐥 𝐣𝐨𝐮𝐫𝐧𝐞𝐲. 𝐖𝐞 𝐚𝐥𝐰𝐚𝐲𝐬 𝐛𝐞𝐥𝐢𝐞𝐯𝐞 𝐭𝐡𝐚𝐭 𝐬𝐡𝐨𝐫𝐭𝐥𝐲 𝐲𝐨𝐮 𝐰𝐢𝐥𝐥 𝐛𝐞 𝐚 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐨𝐮𝐫 𝐬𝐭𝐨𝐫𝐢𝐞𝐬."
Taurus Zodiac Sign_ Personality Traits and Sign Dates.pptxmy Pandit
Explore the world of the Taurus zodiac sign. Learn about their stability, determination, and appreciation for beauty. Discover how Taureans' grounded nature and hardworking mindset define their unique personality.
What are the main advantages of using HR recruiter services.pdfHumanResourceDimensi1
HR recruiter services offer top talents to companies according to their specific needs. They handle all recruitment tasks from job posting to onboarding and help companies concentrate on their business growth. With their expertise and years of experience, they streamline the hiring process and save time and resources for the company.
Enterprise Excellence is Inclusive Excellence.pdfKaiNexus
Enterprise excellence and inclusive excellence are closely linked, and real-world challenges have shown that both are essential to the success of any organization. To achieve enterprise excellence, organizations must focus on improving their operations and processes while creating an inclusive environment that engages everyone. In this interactive session, the facilitator will highlight commonly established business practices and how they limit our ability to engage everyone every day. More importantly, though, participants will likely gain increased awareness of what we can do differently to maximize enterprise excellence through deliberate inclusion.
What is Enterprise Excellence?
Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
What might I learn?
A way to engage all in creating Inclusive Excellence. Lessons from the US military and their parallels to the story of Harry Potter. How belt systems and CI teams can destroy inclusive practices. How leadership language invites people to the party. There are three things leaders can do to engage everyone every day: maximizing psychological safety to create environments where folks learn, contribute, and challenge the status quo.
Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.
Affordable Stationery Printing Services in Jaipur | Navpack n PrintNavpack & Print
Looking for professional printing services in Jaipur? Navpack n Print offers high-quality and affordable stationery printing for all your business needs. Stand out with custom stationery designs and fast turnaround times. Contact us today for a quote!
India Orthopedic Devices Market: Unlocking Growth Secrets, Trends and Develop...Kumar Satyam
According to TechSci Research report, “India Orthopedic Devices Market -Industry Size, Share, Trends, Competition Forecast & Opportunities, 2030”, the India Orthopedic Devices Market stood at USD 1,280.54 Million in 2024 and is anticipated to grow with a CAGR of 7.84% in the forecast period, 2026-2030F. The India Orthopedic Devices Market is being driven by several factors. The most prominent ones include an increase in the elderly population, who are more prone to orthopedic conditions such as osteoporosis and arthritis. Moreover, the rise in sports injuries and road accidents are also contributing to the demand for orthopedic devices. Advances in technology and the introduction of innovative implants and prosthetics have further propelled the market growth. Additionally, government initiatives aimed at improving healthcare infrastructure and the increasing prevalence of lifestyle diseases have led to an upward trend in orthopedic surgeries, thereby fueling the market demand for these devices.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Improving profitability for small businessBen Wann
In this comprehensive presentation, we will explore strategies and practical tips for enhancing profitability in small businesses. Tailored to meet the unique challenges faced by small enterprises, this session covers various aspects that directly impact the bottom line. Attendees will learn how to optimize operational efficiency, manage expenses, and increase revenue through innovative marketing and customer engagement techniques.
Skye Residences | Extended Stay Residences Near Toronto Airportmarketingjdass
Experience unparalleled EXTENDED STAY and comfort at Skye Residences located just minutes from Toronto Airport. Discover sophisticated accommodations tailored for discerning travelers.
Website Link :
https://skyeresidences.com/
https://skyeresidences.com/about-us/
https://skyeresidences.com/gallery/
https://skyeresidences.com/rooms/
https://skyeresidences.com/near-by-attractions/
https://skyeresidences.com/commute/
https://skyeresidences.com/contact/
https://skyeresidences.com/queen-suite-with-sofa-bed/
https://skyeresidences.com/queen-suite-with-sofa-bed-and-balcony/
https://skyeresidences.com/queen-suite-with-sofa-bed-accessible/
https://skyeresidences.com/2-bedroom-deluxe-queen-suite-with-sofa-bed/
https://skyeresidences.com/2-bedroom-deluxe-king-queen-suite-with-sofa-bed/
https://skyeresidences.com/2-bedroom-deluxe-queen-suite-with-sofa-bed-accessible/
#Skye Residences Etobicoke, #Skye Residences Near Toronto Airport, #Skye Residences Toronto, #Skye Hotel Toronto, #Skye Hotel Near Toronto Airport, #Hotel Near Toronto Airport, #Near Toronto Airport Accommodation, #Suites Near Toronto Airport, #Etobicoke Suites Near Airport, #Hotel Near Toronto Pearson International Airport, #Toronto Airport Suite Rentals, #Pearson Airport Hotel Suites
3.0 Project 2_ Developing My Brand Identity Kit.pptxtanyjahb
A personal brand exploration presentation summarizes an individual's unique qualities and goals, covering strengths, values, passions, and target audience. It helps individuals understand what makes them stand out, their desired image, and how they aim to achieve it.
2. Introduction
Store is a place where excess material is
kept which will be used as and when
required. Loss of items, deterioration,
obsolescence and inadequacy [of what is
stored to what is needed] are treated as ‘part
of life’.
3. Introduction
Store management is “ to receive materials, to
protect them while in storage from damage &
unauthorized removal, to issue the material in
the right quantities, at the right time to the
right place and to provide these service
promptly and at least cost”.
4. Objectives of store
In the chain of internal customers and suppliers,
stores has several internal customers. As a matter of
fact all functions of management are internal
customers to stores. Customers as usual expect
Quality Cost and Delivery from every supplier.
Stores also have to deliver these customer
expectations. In the process of discharging this
obligation Stores perform some activities that are
functions of Stores.
5. Objectives of store
Minimizing cost of production through
minimizing cost on materials
Maintaining the value of materials
Service to user departments
Establishing Co-ordination with other
departments
Advising materials Manager
6. Functions of Stores
1. Receipt
2. Storage
3. Retrieval
4. Issue
5. Records
6. Housekeeping
7. Control
8. Surplus management
9. Verification
10. Interaction & coordination
7. Receipt
Any item of goods or material that enters the
organization always enters through the stores.
Similarly, every item unless specifically excluded, has
to leave through the store. Stores is the final account
keeper of all materials.
Material sent by any supplier after the security
clearance comes to the stores. Stores check the
document carried by the carrier, known as Delivery
Challan, against the copy of the Purchase Order placed
on the supplier by the organization.
8. Receipt
Once the adequacy is established and quantity is
verified the material is sent for testing for quality
parameters.
Some times quality control tests are elaborate and time
consuming. If the policy of receipt is to unload the
material subject to quality control acceptance, it is
cleared for unloading.
Unloaded material is kept on the hold if it not yet
cleared by quality control department. If the material is
rejected it is sent back to the supplier after clear
9. Storage
Once the unloaded material is approved by the
quality control department, as per the quality plan in
the quality system, it is moved to a specific place in
the stores layout.
The material is so stored that it becomes easy to
retrieve and issue subsequently.
Storage should also ensure protection against
deterioration, damage and pilferage.
10. Storage
Detailed system is adopted for location and labeling
of items while in storage. Storage plan is made
keeping in mind,
1. nature of the product- physical state, toxicity,
inflammability and other hazards
2. volume and weight- heavy or light
3. movement frequency- fast moving or slow moving
4. point of use
11. Retrieval
Easy and quick retrievability of items that are
demanded by the internal customers.
Easy identification, maximum space utilization and
minimum handling are key factors to retrieval
functions.
It is common knowledge in many of the companies
that after hours of searching for the item is declared
to be out of stock. This causes hold up of production
process and avoidable urgent purchase of out of
stock material. This function takes place as per
established retrieval system.
12. Issue
Fulfilling customer demand for the item in
minimum time, keeping quality high and cost
minimum is issue.
An internal customer doesn’t pay the price but he
has to fulfill requirement of authorization for the
demand.
A duly authorized indent or requisition for the item
is the key
13. Records
Maintaining records of receipt and issue.
Updating the stock levels as per movement of
materials.
Basic records of store are bin card and stock
register.
Bin card is placed on the bin in which items are stored.
This gives information about receipt, issue and balance.
stock register gives all the information in the bin card
and also the value.
14. Housekeeping
Maintenance of spic and span cleanliness in
the store and ensuring principle of Place for
Everything and Everything in its place is fully
implemented.
Good housekeeping ensures satisfactory work
practices
15. Control
Taking measures to ensure material plan is being
adhered to.
Any changes in consumption pattern or
replenishment pattern are closely monitored for
corrective action.
Material movement is watched to identify
nonmoving material for disposal. Effective control
puts into effect management objective of ‘no
shortage and no excess’.
16. Surplus management
Effective disposal system for unneeded
material to reduce inventory cost and
proactive measures to eliminate deterioration
and obsolescence.
Obsolete items are good in all respect but
have no useful role in the company due to
changes that have occurred in the course of
time.
17. Surplus management
Surplus items are those that have accumulated due to
faulty planning, forecasting and purchasing. Hence a
usage value is associated with these items.
Scrap is wastage generated due to processes like
turning, boring drilling etc. and also due to bad
manufacturing. it is said that in India nearly Rs. 2500
crores are tied up as obsolete, surplus and scrap
items.
18. Verification
Stock verification to eliminate gap between
information and physical stock. In stores some items
are maintained as stock items. The stores triggers the
procurement cycle for such items when a
predetermined reorder level is reached. Hence
correct stock position through verification is critical
to ensure ‘no shortage and no excess’ for the item.
19. Interaction & coordination
Very close interaction between Purchasing,
production, quality control and engineering
functions is obviously needed in the discharge of the
functions discussed so far. It also becomes necessary
to coordinate the flow of material samples and
information through a network of departments for
performance of stores functions. Besides, every
management function being an internal customer
interaction is very important.
21. Centralized or decentralized stores
organization
Centralized stores concept is to store all items
at a central place and control materials
movement from this central place. Whereas
Decentralization concept is moving the
material to the respective consumer function
or directly to the points of use.
23. Features of centralized stores
organization
1. Effective supervision and control.
2. Issue at single point reduces cost of
issue
3. Reduced personnel requirement
4. Efficient layout for stores
5. Better handling technology
6. Better inventory checks
7. Maintenance of optimum stores
8. Elaborate documentation
24. Advantages of centralized store
The variety of goods can be supplied to all
users from one small location.
Less manpower will be required.
Better control of materials is possible.
Material handling will be easy.
Wastage and deterioration of materials will be
less.
25. Disadvantages of centralized store
It may not be suitable for large manufacturing
concern.
More staff will be required for shifting &
transportation of the materials to various
production units.
Record keeping is difficult.
27. Features of decentralized stores
organization
1. Reduced handling
2. Customer friendly
3. Fewer production stoppages
4. Visual management is easier
28. Advantages of decentralized stores
Reduced material handling and associated
cost.
Less chances of bottlenecks and delays.
Convenient for every department to draw
materials.
Less transportation time.
29. Disadvantages of decentralized
stores
Coordination and control of all decentralised
store is a challenge to management.
Labor utilization may suffer due to low store
activity level.
30. Some other types of storage
As per types of the materials stored
1. Raw Materials store
2. Components store
3. Work in process store
4. Finished goods store
5. Semi finished goods store
6. Tools store, die crib
7. Consumable materials store
31. Cont…
As per nature of the materials stored
1. LPG store
2. Chemicals store
3. Hazardous materials store
4. Refrigerated materials store
32. Cont…
As per function of the storage
2. receiving store
3. central store
4. general stores
5. sub stores
33. Stores Layout
Physical arrangement of storage facilities
for efficient receipt, storage and issue of
materials is called as layout of stores. In
a properly arranged store, the material
are properly maintained. It involves
minimum of handling and optimum
utilization of space.
34. Factors affecting stores layout
Type of Stock
Volume of stock
Availability of space
Physical factors
35. Store System
Closed door system: the stored material is held
under lock and key. Entry into the store is restricted
authorized persons only. Physical movement of the
material is only with authorized documents only.
Maximum security and tight control on movement
are features of this system
Open stores system: In this system material is
stored near point of use and there is restriction on
consumption. Control passes on to the operations
department