Everything You Need To Know About Material Control!
Definitions:
“Material control is a systematic control over purchasing, storing and consumption of materials, so as to maintain a regular and timely supply of materials, at the same time, avoiding Automobile Products In Bulk and Overstock Auction .”
“Material control refers to the management function concerned with acquisition, Open-Box Electronics Deals on TVs, Laptops, & Appliances, handling and use of materials so as to minimise wastage and losses, derive maximum economy and establish responsibility for various operations through physical checks, record keeping, accounting and other devices.
Material control, in basic terms, refers to the different procedures used to decrease the amount of material loss during the receiving, storing, and issuing of raw materials. In practise, material control is implemented by regular records and reports pertaining to the procurement, receipt, inspection, storage, and distribution of direct and indirect supplies. Material control can make a significant difference in a company’s efficiency. Material control can avoid problems like Overstock Inventory or dead stocks.
The following are the main materials control objectives:
(a) To ensure continuous production:
Material control’s major goal is to ensure that manufacturing runs smoothly and without interruptions. Stoppage in production and delays in production cost a company a lot of money.
(b) To ensure that the materials are of the required quality:
The quality of the goods is largely determined by the raw materials used. If the raw materials are of poor quality, the finished product will be of poor quality, affecting the product’s selling in the market and resulting in a loss of income as well as the company’s goodwill. It is critical to maintain strong control and oversight over material acquisitions, storage, and handling.
© To cut down on waste:
Material loss can occur due to rust, dust, dirt, or dampness, poor and reckless handling of materials, inadequate packing, and a variety of other factors. The reasons of such losses must be identified, and every effort should be made to reduce the amount of raw resources wasted. If the overstock Liquidation and Laptop Wholesalers & Wholesale Dealers in India and Home & Furniture Product is expired or converted into dead stock then it can go to waste. Only by implementing an effective materials control system will this be achievable.