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Store Management

What is Stores ?
The Store is a place for safe keeping of the
goods. Here the store is a place and the
stores means the goods and the safekeeping
means preservation.
Important Consideration for Stores :
(i)
Stores layout
(ii) House keeping
(iii) Codification of materials for proper
identification
(iv) Safety and security
(v) Stores records and accounting
(vi) Feedback from users

Inventory Control

1. Inventory Control :
The word inventory means Stock of
Materials. Therefore inventory control is
also
known as
Stock Control.

Contd
..

Inventory Control
2.

Classification of Inventory :
It is classified in terms of the use of the
materials.

Consumable/
raw material

Supporting
Consumable

(cement, bar,
sand etc.,
machinery parts)

(petrol, diesel)

Purchased
Spare Parts on
items /produced site
Items
(bricks, cc blocks)
(plumbing, basin
door/win fixtures)

The Classification of inventory items particularly


in construction activity helps in identifying the
characteristics of materials & arrangement for
Contd
proper storage.

..

Inventory Control
3. Necessity of Inventory Control :
To make available the right type of
material in right qty. at right place at
right time and place.
The project should not meet scarcity of
material but the total investment should
be minimum.
The materials should bee so procured
that they are directly consumed in
Contd
construction.

..

Inventory Control
4. Types of Inventory :
CLASSIFICATION

CRITERIA

1. A.B.C. analysis
- Annual usage value of items
2. H.M.L Analysis (high, low medium) - Unit prize of the materials
(it
does not depend upon
consumption)
3. V.E.D Analysis (Vital, Essential,
- Criticality of item
(Material
Desirable)
criticality)
4. S.E.D Analysis (Scare, difficult, easy) - Procurement
difficulties
5. F.S.N. Analysis (Fast, slow,
- Issues of store
Non-moving)
6. G.O.L.F. (Govt., Ordinary, Local, Foreign) - Source of material
7. S.O.S (Seasonal off seasonal)
- Seasonality of items
Contd
8. X.Y.Z. Analysis
- Inventory value of items used
..

Inventory Control
5. Lead Time :
It is the period that elapses between the
point of time when the need for a
material is contemplated and the point of
time the material is actually made
available on the site.

Contd
..

Inventory Control
6. Inventory Control through Ordering
System :
Cyclical Ordering System

Periodic review of items


Frequency varies from firm to firm
Suitable for material which have
infrequent supply

Fixed Order Quantity System


Based on Economical order quantity
concept
Predetermination of an reorder point with

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