Professional Documents
Culture Documents
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Central Store
Departmental Store
Group Store
Site Store
Transit Store
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[ CLOSED TYPE
[ OPEN TYPE
[ RANDOM ACCESS STORES
[ ASRS
[ CONTRACTOR OPERATED STORES (C&F or 3PL)
[ CUSTOMS BONDED WAREHOUSE
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Stores Management is an integral part of the overall function of Materials
Management.
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X PERPETUAL INVENTORY
X PERIODIC STOCK TAKING
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PRINCIPAL OBJECTIVES
. Carrying out continuous verification of stocks and related items at Company
and Outside Locations, with a view to detecting and reporting any quantity
variations.
2. Reviewing factors responsible for stock discrepancies and ensure controls
for custody and handling of stocks including -
(a) Godown physical handling,
(b) Security arrangements,
(c) Receipts
(d) Storage
(e) Dispatch Procedures
(f ) Stock Record Maintenance at Divisions/Godowns,
3. Recommending appropriate procedural administrative improvements
4. Following up from time to time and ascertaining whether necessary
corrective actions arising out of perpetual inventory findings have been taken
by Divisions/Admn.
5. Exercising checks on those responsible for custody and handling of stocks.
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