Material Issues Procedure Homework Help
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When the ration at our home finishes up and serves the task our parents go to market in order to procure next lot for the week which includes whole grains, vegetables, fruits etc. This same procedure is opted in companies having production sectors. When their productivity is depreciated due to lack of materials they sincerely procure the next lot in order to keep the production in flow. Sometimes is Inventory stock they use that has been stored previously. All these procurement of material requires certain procedure in order to complete the task. In our material issues procedure homework help we explain the same procedure by providing live case study examples.
Why material issuing is required
Not only our material issues procedure homework help team but also every one present in the industry can answer that. It is a matter of sheer logic and the following points
• Whenever the stock used in production or finishing of a product is finished an order to issue new materials is placed.
• Sometimes in order to keep the inventory stock filled up just in case of emergency requirement, materials are issues at the first place.
• To replace the damaged material and unwanted materials a new order can be issued.
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Material issue procedure
A person who is responsible for the information regarding material availability in the stock have to prepare a list of required items. A foreman is the person who draws material from the store and knows the requirement. Hence he can place order with the acceptance of management and an authorized requisition slip through proper channel. On the basis of first in first out, this order is placed. Quality of the first come lot may decrease for having been kept for a long span if that practice is not followed.
Material requisition note
It is a note containing the details of the industry that require the material along with the list of material required. It is a voucher that is ultimately issued by the authority on the say of foreman. As our material issues procedure homework help notify their experience in industry, after the material list is prepared, its copies are distributed in the following manner
• A copy of material list provided to the store keeper.
• One copy to the cost department for cost estimation.
• One copy for the department that it belongs to or where it is required.
Bill of materials
Also goes by the name of material specification, a bill of material is a simple list of materials required to be procured. The exact description for the work and the quantity as well is mentioned in the bill of materials. Then the copies are uniformly distributed to the following areas
• Stores department
• Cost account department
• Production control department
• Engineering and planning department
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