Internal Control in Stores/ Materials Dept.

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MATERIALS DEPARTMENT

Transcript of Internal Control in Stores/ Materials Dept.

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MATERIALS DEPARTMENT

FOCUS AREA

STORAGE OF MATERIALS

EVERY MATERIAL SHOULD FIND A CONCRETE PLACE IN THE WAREHOUSE THROUGHOUT THE JOB.FOR THIS PARTICULAR RACK IS TO BE DEFINED FROM THE VERY BEGINNING OF THE JOB.EVERY MATERIAL WITH ITs RACK NUMBER SHOULD BE NOTED IN A MASTER SHEET. A SYSTEM/PC AT ISSUE COUNTER CAN EASILY TRACE OUT THE RACK NO. IN WHICH THE MATERIAL IS KEPT.

WHEN EVER A MATERIAL IS ISSUED IMMEDIATELY THE PERSON AT ISSUE COUNTER SHOULD DEDUCT THE SAME FROM THE QTY COLUMN OF MASTER SHEET. IN THE NEXT HOUR HE HIMSELF SHOULD POST THE INDENT ON THE VERY NEXT DAY WHEN IT GETS ISSUE NUMBER FROM EIP. A PROCESS OF MATCHING QTY IN MASTER SHEET WITH ONLINE STOCK OF THE SAME DAY IS TO BE CARRIED.

IF ANY DEVIATION IS FOUND IT SHOULD BE RESOLVED ON THAT DAY ITSELF.IF THERE IS ANY GENUINE REASON FOR THE DEVIATION THEN IT SHOUD BE NOTED BESIDE THE ITEM AND THE SAME SHOULD BE INTIMATED TO STORES-IN-CHARGE.IN THIS WAY PROPER CONTROL ON DAILY OR WEEKLY BASIS CAN BE MAINTAINED.

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