Mod 5
Mod 5
Nature of Stores
Store as building where inventories are kept. Storage is the function of receiving, storing, and issuing materials. Stores ensures ready accessibility of major materials there-by efficient service to users. Minimisation of stores cost, and continuous supply is the prime function of stores. Stores layout is a fundamental factor in determining the efficient performance of stores department.
Himalaya Publishing House Production and Operations Management By K. Aswathappa & K. Shridhara Bhat
A satisfactory storage system compromises between the use of space and the use of time. Random location means that items can be stored in any storage position which is available. Keeping stock on one side of the aisle in which case the layout is called comb type . Stores manual is a written statement of policies, and procedures.
Stock Verification
Periodic, continuous and low point inventory are three ways of stock verification. Verification of stock when the stock is the lowest is known as low point inventory verification. Periodic stock verification is taken once in a year.
7. Higher productivity