International Research Journal of Commerce , Arts and Science

 ( Online- ISSN 2319 - 9202 )     New DOI : 10.32804/CASIRJ

Impact Factor* - 6.2311


**Need Help in Content editing, Data Analysis.

Research Gateway

Adv For Editing Content

   No of Download : 1    Submit Your Rating     Cite This   Download        Certificate

MATERIALS MANAGEMENT IN SURYA ROSHNI, BAHADURGARH (HR)

    1 Author(s):  SMT. KANTA DEVI

Vol -  5, Issue- 8 ,         Page(s) : 101 - 103  (2014 ) DOI : https://doi.org/10.32804/CASIRJ

Abstract

Material management is a body which is responsible for Planning, coordinating, controlling and interacting to Procurement, storage, flow and distribution of materials in though and out of the organization. It is one of key activities in any organization. It is a part of logistics and refers to the location and movement of the Physical items or Products. Every organization big or small depend a materials and services from other organization of varying extends. These materials and services are obtained through exchange of money and the physical arrangement of it is called materials management. Materials management scope is very vast, its sub function includes materials planning of control, purchasing, stores and inventory management besides others. Materials management problem are common to every organization. Materials management covers all aspects of materials costs, material supply and utilization. It is concerned with the planning and programming of materials and equipment, market research for purchase, procurement of all materials including capital goods, raw materials, and stores control, material of scrap and surplus salvage and operating research for materials.

1. On a personal visit to the factory it was observed that the stores department is not having adequate space, which is not good for the company. It is not proper storing arrangement is there production suffers.
2. Stocking arrangement is not so much modernized also, modern techniques are scientific and they give better results.
3. Various cost which directly affect the materials management is ordering costs, inventory carrying costs and other relevant costs are being overlooked.
4. The company is giving no proper attention towards the techniques of economic order quality for placing order.
5. The company has met introduced budgeted techniques as a method of internal control. Accounting standard if there for preparing the purchase budget.

*Contents are provided by Authors of articles. Please contact us if you having any query.






Bank Details