OBJECTIVES OF MATERIAL CONTROL
1. Ensure availability of material.
2. Preserving the material by eliminating wastages
3. Adopting a system of perpetual inventory and timely reporting to management accurate information
4. Avoid over stock
5. Ensure right quality at right price
6. Keep the lowest carrying cost as far as possible.
7. Minimum cost of storage
1. Ensure availability of material.
2. Preserving the material by eliminating wastages
3. Adopting a system of perpetual inventory and timely reporting to management accurate information
4. Avoid over stock
5. Ensure right quality at right price
6. Keep the lowest carrying cost as far as possible.
7. Minimum cost of storage
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