Materials Management

MATERIALS MANAGEMENT : •

•

DEFINITION ON MATERIALS MANAGEMENT

BENEFITS OF MATERIAL PLANNING:

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Brijwasi Sweets is one place in Mumbai that screams out 'Mooh Meetha Keejiye' •

INTRODUCTION OF COMPANY PROFILE…………….

kaju katlis gulab jamuns Brijwasi Sweets Shri Ramswaroop Goyal Kalbadevi Road. Brijwasi Sweets

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The trademark of brijwasi sweet shop is Achievements Brijwasi Sweets Brijwasi

Sweets

VARIETIES

MATERIALS DEPARTMENT ORGANISATION STRUCTURE

Purchasing department

Production planning

Materials department

Supplying & distribution

(a) Purchase department Production planning (C) Supplying & distribution d) Storing

Storing

MATERIALS

PURCHASING

POLICY.

InventoryManagement.

Inventory Management for Brijwasi sweet shop Raw materials: Work In Progress: Finished goods:

INVENTORY CARRYING METHOD AND ITS COST

Tax : Storage: Cost of capital

INVENTORY ORDERING METHOD AND ITS COST Purchase cost:

The ABC Classification:

Indicators that classifies a material as an A,B or C part according to its consumption value .The classification process is known as the ABC analysis. The three indictors have the following meanings: A-important part , high consumption value B-less important , medium consumption value C-relatively unimportant part , low consumption value

The ABC classification system is to grouping items according to annual sales volume, in an attempt to identify the small number of items that will account for most of the sales volume and that are the most important ones to control for effective inventory management. Safety stock is a hedge against running out of inventory. It is an extra inventory to take care on unexpected events. It is often called buffer stock. The absence of inventory is called a shortage. Raw materials classified as per ABC analysis A-milk,ghee,unprocessed flavouring items etc. B-preservatives,oil,etc C-flour etc

CONCLUSION

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