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Store Management Practices in Medium Scale Engineering Firm

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Volume-4 | Issue-5

Last date : 27-Aug-2020

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Store Management Practices in Medium Scale Engineering Firm


Mr. Shrikant S. Karanjkar

https://doi.org/10.31142/ijtsrd23088



Mr. Shrikant S. Karanjkar "Store Management Practices in Medium Scale Engineering Firm" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Special Issue | Fostering Innovation, Integration and Inclusion Through Interdisciplinary Practices in Management, March 2019, pp.149-151, URL: https://www.ijtsrd.com/papers/ijtsrd23088.pdf

The space, room and the building where various types of materials, semi-finished, finished goods and items purchased and manufactured in the organization are kept temporarily or for sufficient time till they are removed to supply for production and sale or used for consumption is called a Store or Warehouse. Finished parts or products ready for shipment and sale are called stock and they are separately stored in a place called stock room. Each and every type of material needs a separate place, bin or container and a room to keep it and the type of store depends upon the type of material which is stored there. The part of material enters directly at the production facility after its purchase and rest is supplied to the stores. The part coming out from production facility, some of them enters the production center or facility and rest are stored. In the same way, components produced at some facility are sent to assembly center and rest are stored. Finally, the output is the final product sent to stock or sell. This process of supplying and storing the various materials and parts is called Stores Management. As per the demand and requirement of materials at the production facility, the materials are supplied from the stores. The storage of materials maintains the continuity in production.

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IJTSRD23088
Special Issue | Fostering Innovation, Integration and Inclusion Through Interdisciplinary Practices in Management, March 2019
149-151
IJTSRD | www.ijtsrd.com | E-ISSN 2456-6470
Copyright © 2019 by author(s) and International Journal of Trend in Scientific Research and Development Journal. This is an Open Access article distributed under the terms of the Creative Commons Attribution License (CC BY 4.0) (http://creativecommons.org/licenses/by/4.0)

International Journal of Trend in Scientific Research and Development - IJTSRD having online ISSN 2456-6470. IJTSRD is a leading Open Access, Peer-Reviewed International Journal which provides rapid publication of your research articles and aims to promote the theory and practice along with knowledge sharing between researchers, developers, engineers, students, and practitioners working in and around the world in many areas like Sciences, Technology, Innovation, Engineering, Agriculture, Management and many more and it is recommended by all Universities, review articles and short communications in all subjects. IJTSRD running an International Journal who are proving quality publication of peer reviewed and refereed international journals from diverse fields that emphasizes new research, development and their applications. IJTSRD provides an online access to exchange your research work, technical notes & surveying results among professionals throughout the world in e-journals. IJTSRD is a fastest growing and dynamic professional organization. The aim of this organization is to provide access not only to world class research resources, but through its professionals aim to bring in a significant transformation in the real of open access journals and online publishing.

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