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Store Management

The document discusses the objectives and functions of stores management. The key objectives are to provide uninterrupted service to manufacturing divisions and efficiently manage materials. The main functions include planning storage space and equipment, receiving and issuing materials, maintaining stores through safety, organization and verification, and keeping records. Different types of stores are described such as raw material stores, production stores, refrigerated stores, salvage stores, and flammable material stores. Factors in determining store locations like centralized, decentralized, and a hybrid centralized-decentralized model are also outlined.

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Varsha Venkatesh
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194 views16 pages

Store Management

The document discusses the objectives and functions of stores management. The key objectives are to provide uninterrupted service to manufacturing divisions and efficiently manage materials. The main functions include planning storage space and equipment, receiving and issuing materials, maintaining stores through safety, organization and verification, and keeping records. Different types of stores are described such as raw material stores, production stores, refrigerated stores, salvage stores, and flammable material stores. Factors in determining store locations like centralized, decentralized, and a hybrid centralized-decentralized model are also outlined.

Uploaded by

Varsha Venkatesh
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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Varsha V

Objectives of Stores Management


 The Objectives of Stores management play a vital role
in the operations of company. It is in direct touch with
the user departments in its day-to-day activities. The
most important purpose served by the stores is to
provide uninterrupted service to the manufacturing
divisions. Further, stores are often equated directly
with money, as money is locked up in the stores.
Functions Of Stores Department:-
1) Planning:-
•Space layout
•Handling equipment
2) Receiving and issuing
materials:-
3) Maintenance of stores:-
•Safety of goods.
•Good house keeping
•Physical verification
4) Maintaining records:-
•Receipts
•Stock registers
5) Store keeping:-
•Storing in proper conditions
•Removal of obsolete
Types of storages:-
 Raw material stores:-
This is where raw materials used in the factory are stored. Usually,
this is the largest kind and the
location should be such that it is
situated alongside a railway, canal
or river. Where the deliveries are
by road, there must be adequate
space for trucks to move, turn and
park. If sufficient provision is not
made for quick and easy loading
or unloading, heavy demurrage
can result.
Production Store:-
•Production also requires a large
number of materials, generally
called "consumables", -
eye-shields, cutting
oils, abrasives, gloves,
aprons, jigs, small tools
etc. A store stocking
such items is called a
Production Store
Refrigerated stores:-
•This type of store is used for storage of perishable items like fruit, meat,
chemicals, medicine, vegetable, etc.
it further comprises:
Chilled space store, where the
temperature can be controlled
between 32 F and 50 F.
Freeze space store, where the
temperature can be controlled below
32 F
Salvage stores:-
•Here materials rejected on the factory floor are stored either with a view to
salvage them or to sell them as scrap. Steel scrap is usually kept separately,
preferably in the open.
Some metal scrap like copper
can be very costly and should,
therefore, be kept safely
in covered stores.
Flammable materials store:-
• This is used for the storage of highly combustive material like oil, paints,
etc. this store consists of separate compartments partitioned by fire walls, which
is done with a view to prevent movement of flames from one area to another in
the event of a fire. These fire walls will normally
have a four hour fire resistance
rating. The main dependence for fire
protection is placed on an automatic
deluge type sprinkler system
connected to an adequate water
supply.
Stores location:-
• Centralized stores:-
A centralized store is that store which receives materials for and issues
them to all departments, divisions and production floors of the
company. Such a store is only one in
the company which receives
materials for and issues to all who
need them. The materials required
for all the departments and branches
are stored and issued by only one
store.
Decentralized store:-
•A decentralized store is that type of store which receives materials for and issues
them to only one department and not to the whole company. The decentralized
store may be in many numbers in the company, as each department has its own
such store. Purchasing and handling of materials are undertaken by each
and every department separately. If the volume of material activities is large, this
type of store is suitable because each and every branch has their own
store for facilitating smooth operations of their production activities.
Centralization with sub-stores:-
• This is a mixed store system, a mix of centralized and decentralized stores.
Under this store system, sub-stores are established in different departments
according to the
requirement of the
company. Sub-stores are
maintained at each
department when the
central store is at a
distance from the
production department.
Such sub-stores are
managed and controlled
by the central store itself.
THANK YOU

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