1. PTD BY;
RITHIKA KHATWATE
SANJANA BHANDAGE
VINNANNA JITURI
MANJANNA SAWANT
MANJUNATH MERWADE

2. STORE/STORAGE :
 Defined as :
* Building where goods kept.
* Function of receiving , storing and
issuing material .
* Act of storing the goods .

3. Functions of stores
 To recieve raw materials and account them
 To provide adequate and propeer storage
and preservation to the various items.
 To meet the demands of the consuming
deprtaments by proper issues and account
for consumption.
 To minimise obsolescence, surplus and
scrap through proper codification ,
preservation and handling.

4. Contd...
 To highlight stock accumulation ,
discrepancies and abnormal
consumption and effect control
measures.
 To ensure good housekeeping so that
materials handling , materials
preservarion , stocking reciept and
issue can be done adequately.
 To assist verification and provide
supporting information for effective
purchase action.

5. In short:
 Receipt
 Storage
 Retrieval
 Issue
 Records
 Housekeeping
 Control
 Surplus management
 Verification
 Interaction & coordination

6. OBJECTIVES OF STORES
 1. Protection of goods in Store
 2. Make goods available for delivery
 3. Provide low cost services of store-
keeping
 4. Making the store facilities nearer to
operations
 5. Maintain adequate quantities of material,
neither excess nor low
 6. Placing of orders on EOQ (Economic
order of Quantity) principle
 7. Maintain stores in clean/good condition
 8. Ensure safety and security of the store.

7. Types of stores
 Centralised stores
 Decentralised stores

8. Centralised stores:
 Concept is to store all items at a
central place and control materials
from this central place.

9. De-Centralised stores:
 Concept is moving the material to the
respective consumer function or
directly to the points of use.

10. STORE LAYOUT
 Physical arrangement of storage
facilities for efficient receipt, storage
and issue of materials.
 Minimum handling and optimum
utilization of stores.

11. Factors affecting stores layout
 Type of sock
 Volume of stock
 Availability of stock
 Physical factors

12. INVENTORY MANAGEMENT
 INVENTORY –
word originates from the french word
‘inventaire’ and latin word
‘inventariom’.
Which implies list of things found.

13. Definition:
 The term inventory includes materials,
goods in process , finished packaging,
spares, and others stocked in order to
meet an unexpected demand an
unexpected demand or distribution in
the future.

14. Objectives of inventory management:
 Ensure continuous supply raw materials and
supplies to facilitate uninterrupted production.
 Maintain sufficient finished goods for smooth sales
operation and efficient customer service.
 It facilitates product display and service to
customers.
 It helps to utilise people and equipment reasonably.
 It helps to reduce material handling cost.
 Reduce dependencies of one another and enable,
organisations to schedule its operations
independently of another.

15. Factors influencing :
Type of product
Type of manufacture
Volume of production

16. Benefits of inventory management and
control.
 Inventory control ensures an adequate supply of
materials, stores, etc. Minimises stock outs and
shortages, and avoids costly interruptions in
operations.
 It provides check against the loss of materials
through carelessness or pilferages.
 It permits a better utilisation of available stocks by
facilitating inter-department transfers within a
company.
 It makes management to make cost and
consumptions comparisons between operations
and periods.
 It keeps down investments in inventories, inventory
carrying costs and obsolescence loses to the
minimum.

17. Process of inventory management & control.
 Step 1: determination of optimum
inventory levels and procedures of
their reviews and adjustments.
 Step 2 : Determination of the degree
of control that is required for the best
results .
 Step 3 : Planning and design of the
inventory control system.
 Step 4 : planning of the inventory
control organisations.

18. THANKING YOU
.