Inventory Managment

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

11 November 2009 Dear All

I am working in one of Manufacturing company and in this company inventory control is very poor, i am new joining in this company and as an inventory control management task is given by managment to me we having 4 regional offices in Maharastra and that four regional offices having company own software i just want to know from all of you what is to major and major care taken to know about matarial in and out from that office i having following point if you having more then it then please add

STOCK TRANSFER NOTE (ISSUED FROM OFFICE)
1. Stock Tranfer Note No
2. Date
3. Issued to
4. qty
5. Amount
6. Name of Transporter
7. L.R. No
8. Items
9. expecting from you
10.expecting from you
11.expecting from you
12.expecting from you
13.expecting from you
14.expecting from you

STOCK TRANSFER NOTE (RECEIVED IN OFFICE)

1. Goods Inward Note
2. Date
3. Ref No (STN No of Other Office)
4. Ref Date (STN date of other office)
5. Received From
6. Qty
7. Amount
8. Item
9. expecting from you
10.expecting from you
11.expecting from you
12.expecting from you
13.expecting from you
14.expecting from you

its Practical dear i think all CA Student will implementing there Knowledge with hard core answer

thanking you

Sandeep Kumar Sahu

Sandeep Kumar Sahu (Expert)
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12 November 2009 In addition to above you should have,

1. Gate pass no. and date.
2. Weighment receipt
3. Quality checking system.
4. Issue of RM only against approved production order
5. Proper stacking system for high valued materials
6. ABC categorisation
7. monitoring over slow moving and non moving materials.
8. GRN No. and acceptance of material only against authorised purchase orders etc..

There could be lot more...