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.
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.
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.
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 Management- Stocks to be verified in the stores is important duty of the store manager. Some methods help them to keep a check & avoid any discrepancies.
Inventory Management (Intro, types, spares mgmt) & Role of stores managerSrishti Bhardwaj
Introduction to Inventory management :
Definition of inventory,
scope and importance,
Classification of Materials;
Consumable,
Non consumable,
Impact on profitability of the organization and stake holder,
different types of hospital inventories,
hospital maintenance items,
spare parts stocking policies for capital items.
Functions of Store Manager.
Stores and Inventory management Unit 1 (BVUCHMSR)
Self made PPTs.. only for educational reference.
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
Material Management- Stocks to be verified in the stores is important duty of the store manager. Some methods help them to keep a check & avoid any discrepancies.
Inventory Management (Intro, types, spares mgmt) & Role of stores managerSrishti Bhardwaj
Introduction to Inventory management :
Definition of inventory,
scope and importance,
Classification of Materials;
Consumable,
Non consumable,
Impact on profitability of the organization and stake holder,
different types of hospital inventories,
hospital maintenance items,
spare parts stocking policies for capital items.
Functions of Store Manager.
Stores and Inventory management Unit 1 (BVUCHMSR)
Self made PPTs.. only for educational reference.
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
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
Financial Assets: Debit vs Equity Securities.pptxWrito-Finance
financial assets represent claim for future benefit or cash. Financial assets are formed by establishing contracts between participants. These financial assets are used for collection of huge amounts of money for business purposes.
Two major Types: Debt Securities and Equity Securities.
Debt Securities are Also known as fixed-income securities or instruments. The type of assets is formed by establishing contracts between investor and issuer of the asset.
• The first type of Debit securities is BONDS. Bonds are issued by corporations and government (both local and national government).
• The second important type of Debit security is NOTES. Apart from similarities associated with notes and bonds, notes have shorter term maturity.
• The 3rd important type of Debit security is TRESURY BILLS. These securities have short-term ranging from three months, six months, and one year. Issuer of such securities are governments.
• Above discussed debit securities are mostly issued by governments and corporations. CERTIFICATE OF DEPOSITS CDs are issued by Banks and Financial Institutions. Risk factor associated with CDs gets reduced when issued by reputable institutions or Banks.
Following are the risk attached with debt securities: Credit risk, interest rate risk and currency risk
There are no fixed maturity dates in such securities, and asset’s value is determined by company’s performance. There are two major types of equity securities: common stock and preferred stock.
Common Stock: These are simple equity securities and bear no complexities which the preferred stock bears. Holders of such securities or instrument have the voting rights when it comes to select the company’s board of director or the business decisions to be made.
Preferred Stock: Preferred stocks are sometime referred to as hybrid securities, because it contains elements of both debit security and equity security. Preferred stock confers ownership rights to security holder that is why it is equity instrument
<a href="https://www.writofinance.com/equity-securities-features-types-risk/" >Equity securities </a> as a whole is used for capital funding for companies. Companies have multiple expenses to cover. Potential growth of company is required in competitive market. So, these securities are used for capital generation, and then uses it for company’s growth.
Concluding remarks
Both are employed in business. Businesses are often established through debit securities, then what is the need for equity securities. Companies have to cover multiple expenses and expansion of business. They can also use equity instruments for repayment of debits. So, there are multiple uses for securities. As an investor, you need tools for analysis. Investment decisions are made by carefully analyzing the market. For better analysis of the stock market, investors often employ financial analysis of companies.
This presentation poster infographic delves into the multifaceted impacts of globalization through the lens of Nike, a prominent global brand. It explores how globalization has reshaped Nike's supply chain, marketing strategies, and cultural influence worldwide, examining both the benefits and challenges associated with its global expansion.
PPrreesseenntteedd bbyy:: GGrroouupp 66
GGlloobbaalliizzaattiioonn
o f
PP
oo
ll
yy
ee
ss
tt
ee
rr
RR
uu
bb
bb
ee
rr
EE
tt
hh
yy
ll
ee
nn
ee
VV
ii
nn
yy
ll
AA
cc
ee
tt
aa
tt
ee
GG
ee
nn
uu
ii
nn
ee
LL
ee
aa
tt
hh
ee
rr
SS
yy
nn
tt
hh
ee
tt
ii
cc
LL
ee
aa
tt
hh
ee
rr
CC
oo
tt
tt
oo
nn
C
o
u
n
t
r
i
e
s
I
n
v
o
l
v
e
d
Ni
k
e
h
a
s
m
o
r
e
t
h
a
n
7
0
0
s
h
o
p
s
i
n
c
o
n
t
r
a
c
t
w
i
t
h
w
o
r
l
d
w
i
d
e,
w
h
e
r
e
i
n
t
h
e
i
r
offi
c
e
s
a
n
d
i
n
d
e
p
e
n
d
e
n
t
fa
c
t
o
r
y
o
u
t
l
e
t
s
a
r
e
fo
u
n
d
w
i
t
h
i
n
t
h
e
p
r
e
m
i
s
e
s
of
ap
p
r
o
x
i
m
a
t
e
l
y
4
5
c
o
u
n
t
r
i
e
s.
AAuussttrraalliiaa
China
India
IInnddoonneessiiaa
TThhaaiillaanndd
TTuurrkkeeyy
USA
VViieettnnaamm
NNiikkee SSuuppppllyy CChhaaiinn
RRuubbbbeerr,, FFaabbrriicc
aanndd ootthheerr rraaww
mmaatteerriiaallss
Shoe
MMaannuuffaaccttuurriinngg
aanndd AAsssseemmbbllyy
MMaarrkkeettiinngg
SSppoorrttiinngg ggooooddss,,
ddeevveellooppmmeenntt
aanndd SShhooee ssttoorreess
OOnnlliinnee,, CCaattaalloogg
aanndd ootthheerr rreettaaiill
NNiikkee bbrraannddeedd
shoes
PPrroodduucctt
ddeevveellooppmmeenntt
CCuussttoommeerr nneeeeddss//wwaannttss ffeeeeddbbaacckk
NNiikk
Nike Supply Chain
Globalization of Nike
Nike Manufacturing Process
Rubber Materials Nike
Ethylene Vinyl Acetate Nike
Genuine Leather Nike
Synthetic Leather Nike
Cotton in Nike Apparel
Nike Shops Worldwide
Nike Manufacturing Countries
Cold Cement Assembly Nike
3D Printing Nike Shoes
Nike Product Development
Nike Marketing Strategies
Nike Customer Feedback
Nike Distribution Centers
Automation in Nike Manufacturing
Nike Consumer Direct Acceleration
Nike Logistics and Transport
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the what's app number of my personal pi vendor to trade with.
+12349014282
Abhay Bhutada Leads Poonawalla Fincorp To Record Low NPA And Unprecedented Gr...Vighnesh Shashtri
Under the leadership of Abhay Bhutada, Poonawalla Fincorp has achieved record-low Non-Performing Assets (NPA) and witnessed unprecedented growth. Bhutada's strategic vision and effective management have significantly enhanced the company's financial health, showcasing a robust performance in the financial sector. This achievement underscores the company's resilience and ability to thrive in a competitive market, setting a new benchmark for operational excellence in the industry.
^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Duba...mayaclinic18
Whatsapp (+971581248768) Buy Abortion Pills In Dubai/ Qatar/Kuwait/Doha/Abu Dhabi/Alain/RAK City/Satwa/Al Ain/Abortion Pills For Sale In Qatar, Doha. Abu az Zuluf. Abu Thaylah. Ad Dawhah al Jadidah. Al Arish, Al Bida ash Sharqiyah, Al Ghanim, Al Ghuwariyah, Qatari, Abu Dhabi, Dubai.. WHATSAPP +971)581248768 Abortion Pills / Cytotec Tablets Available in Dubai, Sharjah, Abudhabi, Ajman, Alain, Fujeira, Ras Al Khaima, Umm Al Quwain., UAE, buy cytotec in Dubai– Where I can buy abortion pills in Dubai,+971582071918where I can buy abortion pills in Abudhabi +971)581248768 , where I can buy abortion pills in Sharjah,+97158207191 8where I can buy abortion pills in Ajman, +971)581248768 where I can buy abortion pills in Umm al Quwain +971)581248768 , where I can buy abortion pills in Fujairah +971)581248768 , where I can buy abortion pills in Ras al Khaimah +971)581248768 , where I can buy abortion pills in Alain+971)581248768 , where I can buy abortion pills in UAE +971)581248768 we are providing cytotec 200mg abortion pill in dubai, uae.Medication abortion offers an alternative to Surgical Abortion for women in the early weeks of pregnancy. Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the what'sapp contact of my personal pi merchant to trade with.
+12349014282
Seminar: Gender Board Diversity through Ownership NetworksGRAPE
Seminar on gender diversity spillovers through ownership networks at FAME|GRAPE. Presenting novel research. Studies in economics and management using econometrics methods.
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the what'sapp number.
+12349014282
where can I find a legit pi merchant onlineDOT TECH
Yes. This is very easy what you need is a recommendation from someone who has successfully traded pi coins before with a merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi network coins and resell them to Investors looking forward to hold thousands of pi coins before the open mainnet.
I will leave the what'sapp contact of my personal pi merchant to trade with
+12349014282
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the what'sapp contact of my personal pi vendor
+12349014282
when will pi network coin be available on crypto exchange.
Stores control
1. STORES CONTROL
DR. MOHAMED KUTTY KAKKAKUNNAN
Associate Professor
P.G. Dept of Commerce
NAM COLLEGE KALLIKKANDY
Kannur –Kerala – India
2. STORES CONTROL
• An important part of material control
• Stores (stock) is an important current asset
• Stores control helps to minimize material cost,
loss due to wastage, theft,
misappropriation, deterioration, damage etc.
• Efficient and effective control over stores is
essential for cost control
Stores Department – Entrusted with management
and administration of stores
3. Types of Stores (Organization of Stores
Department)
Three types of stores
1. Centralized stores
2. Decentralized stores
3. Central stores with sub-stores
4. Centralized stores
All materials are received, kept and issued from
one stores department (Centralized store)
Advantages
• Better control over stores
• Better layout of stores is possible
• Less storage space is required as stores are kept
to minimum
• Investment in stock is minimized
• Economical in many respects
• Experts can be appointed
5. Disadvantages of Centralized Stores
• Increases transportation cost - if the central
store is located in distant place or production
units lay in different parts
• Delay in getting stores
• Greater risk of loss in case of fire
• Break-down in transportation may affect
operations
6. Decentralized Stores
Independent stores are maintained for different
departments
Storekeeper in each department handle stores
Department requiring the materials draw it from
their stores.
Advantages are the disadvantages of centralized
stores
Disadvantages are the advantages of centralized
stores
7. Centralized Stores with Sub-stores
• In large factories and organizations, with
production facilities or operations in different and
distant
• A central stores and several sub-stores in
different parts
• Central stores receive all stores
• Issues in large quantities to the sub-stores on the
basis of requisition made by the storekeeper of
the sub stores
• This system is more or less similar to the petty
cash system – thus, it is also known as imperest
system of stores control
8. The Storekeeper
The person in charge of stores department,
responsible for stores control
Must possess proper technical knowledge and skill
in materials kept in stores, stores administration
and control
Duties and responsibilities
• Receiving the stores – ensuring receipts are in
accordance with the order
• Entering all the receipts in the Bin Cards
• Keeping every item of stores in the allotted space
9. Duties Contd…
• Maintaining the stores in an orderly and tidy manner to
facilitate easy handling and verification
• Ensuring issue of materials is made on the basis of
proper documents
• Requisitioning for purchase when the quantity of
stores reaches at the re-order level
• Ensuring optimum level of inventory (not exceed
maximum level or go below the minimum level)
• Checking bin card balances with the physical quantities
• Supervision and control of subordinates
• Preventing unauthorized person from entering the
stores
10. Requisitioning for Stores
The store keeper has to ensure proper supply of
stores (materials) as and when required by
various departments.
When the quantity reaches at a particular level,
send requisitions for fresh issue or purchase of
materials
To ensure proper stores control and to eliminate
or minimize various costs associated with
stores, different stock levels will be calculated.
11. STORES (MATERIAL) RECORDS
Two important records are maintained in stores
A. Bin Card and
B. Stores Ledger
B I N C A R D
A record maintained in the store by the store-keeper
showing the quantity of receipt and issue of
material
A bin card for each item of materials
Kept in the store, generally in the bin which contain
the material
12. Bin Card Preparation (Maintenance)
Two columns – for receipt and issue, after each
issue and receipt the balance is also shown, an
additional columns for order
Store-keeper is responsible for difference in the
physical quantity of stock and balance shown in
the bin card
Also known as Bin Tag or Stock Card. May contain
different stock levels
Helps to assess the balance of material or inventory,
without checking the physical quantity
13. Double Bin System
• The bin or rack or shelf (where the material is kept)
will be divided into two parts –
• 1. for keeping the minimum quantity of material
• 2. for keeping the remaining stock.
• In the ordinary case, materials kept in the minimum
stock level part will not be issued, so as to maintain
the minimum quantity.
14. STORES LEDGER
• A record maintained by the Costing
Department, which shows the receipt, issue
and balance of material in the store in terms
of both quantity and values.
• Like bin card, there will be a stores ledger for
each material
15. Differences between Bin Card and Stores Ledger
Bin Card Stores Ledger
Records quantity only
Records both quantity and
values
Maintained by store-keeper Costing Department
Posted before the transaction
Always posted after
transaction
Each transaction is individually
posted
Transactions may be
summarized and posted
Usually kept inside the store Kept outside the store
16. Need for Bin Cards (are bin cards necessary?)
Two records – (bin card and stores ledger) serve the same
purpose, duplication of work – no need for bin cards
Necessary due to the following reasons
• Storekeeper is responsible for maintenance of stores,
thus, he should have a record of movement of stores
• Responsible for difference in physical quantities, helps
to frequent check
• Entries are made before or immediately after the
transaction, provides up-to-date information on
balance
• Bin cards and stores ledger facilitate cross check of
issues, receipts and balance of materials
17. ISSUE CONTROL
Materials are -
• kept in the store for issuing to different jobs,
process, etc as and when required
• issued by the storekeeper on the basis of proper
requisition made by the responsible person
Material Requisition: A requisition made by the
responsible person (foreman, Production
manager etc) for issue of materials required with
quantities.
• Kept as a document by the store keeper
• Material are issued only on the basis of material
requisition. Authorization for issue
18. Bill of Materials
• Is a complete list of all materials required with
quantities for a particular job, process or
order
• A single document and serves the same
purpose of different material requisitions to
be made for different materials to be used for
a job, process, or order
19. Surplus or Excess Materials
May be returned or transferred to another job, process or
order
Material Returned Note ( Stores Debit Note / Shop Credit
Note) is prepared by the department when the surplus
material is returned to the store.
Triplicate – on receipt of the returned material, store
keeper signs the note and one is kept with him, one copy
is send to the returned department and another is send
to the costing department
Discourage transfer - chances for misappropriation, fraud,
wastage etc.
Allow on the basis of proper Material Transfer Note.
Prepared by the department with excess material
20. Material Abstract
An analytical statement prepared periodically on
the basis of the various material requisition
notes, returned notes and transfer notes.
• Shows the value of materials consumed in
each job at a glance.
• Shows the total amount of material to be
debited to each job and overheads.
21. Spoilage
-refers to the production that does not meet the
dimensional or quality standards in such a way
that it cannot be rectified economically and is
junked (debris) and sold for a disposal value
Treatment of spoilage
Cost of normal spoilage is bone by good units of
output
Cost of abnormal spoilage is transferred to
costing profit and loss account