Tuesday, July 26, 2011

Need for Material Control / objective of Material Control (Accounting for materials)

Material control is needed for the following reason :
A. To purchase the material at the most economical price by considering quality discount without  compromising on their quality .
 B. To minimize the investment in material by  avoiding overstocking of material .
C. To make the desired quality and quality of material available when required for efficient and uninterrupted production .
D. To provide the information of material for the preparation of production plan , policies , purchasing plan .
E . To reduce the losses and wastage by implementing proper handling and controlling system.  

No comments:

Post a Comment