The management of stores ensures the efficient and economical running of that all activities that involve store-keeping and stock control systems; Moreover, a store is an important part of material management as it is a place for the storage of materials safely. Also, it ensures that the materials are available at the time of requirement. Additionally, it contributes significantly to the efficiency and effectiveness of the material function. Management of stores provides control over the materials and prevents running out of stock. Stock control maintains an appropriate level of material to meet customer demand. Furthermore, the maintenance of balance involves planning and predicting which may include the preparation for disastrous events such as failure of suppliers to make deliveries in time.
management of stores and stock control systems
OBJECTIVES OF THE MANAGEMENT OF STORES
Management of stores prevents overstocking and understocking of materials. Moreover, it ensures the constant supply of materials to various users by preventing the running out of stock. Additionally, it secures the handling of materials and prevents damage. Also, it involves stock control systems to ensure proper and continuous control over the materials. Store management maintains the effective utilization of available storage space. Moreover, it optimizes the efficiency of the personnel who work in the store. It also protects materials from fire, theft, pilferage, and other risks.
the objectives of the management of stores
THE IMPORTANCE OF STOCK CONTROL SYSTEMS
Stock control systems ensure the appropriate level of stock in all situations. They prevent the running out of stock that occurs when materials are not available to produce customer products. Furthermore, they ensure that a company meets customer demand. They allow a company to determine the amount that is sufficient without the delay in delivery. Additionally, they also help in the management of stores by ensuring accurate inventory records. Accurate inventory records are essential in making purchasing decisions.
the importance of stock control systems
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