Read this essay to learn about the five important activities of stores department in an organisation. The activities are:- 1. Receiving 2. Stores Section 3. Issue Section 4. Accounting Section 5. Stock Taking or Checking. 1. Essay on Receiving: The items ordered by purchase department are received by this section. The supplier delivers the items along with other documents to [...]
The most common method to find out how much to order is Economic Order Quantity (EOQ). The economic lot size of an order depends upon two types of costs: i. Inventory carrying costs and ii. Procurement or set up costs. EQO gives the order level where total costs i.e., inventory carrying and procurement costs are minimum. EOQ formula is based [...]
in this essay we will discuss about ‘Materials Management’. Find paragraphs, long and short essays on ‘Materials Management’ especially written for school and college students. Essay on Materials Management Essay Contents: Essay on the Introduction to Materials Management Essay on the Definition of Materials Management Essay on the Objectives of Materials Management Essay on the Functions/Scope of Materials Management Essay [...]