TYPE OF INVENTORY

TYPE OF INVENTORY

Type Of Inventories

RAW MATERIAL

Raw material Any item used to manufacture components or finished products. These can be items produced directly by your business or purchased from a supplier. For example, the potato chips making business may purchase raw materials such as potato, turmeric and salt

WORK-IN PROGRESS INVENTORY

Works-in-progress inventory refers to unfinished items to move through production but not yet ready for sale. In the case of the candle-making business, the work-in-progress inventory may be potato chips that are drying and unpacked.

MAINTENANCE, REPAIR AND OPERATION (MRO)

Maintenance, Repair and Operation (MRO) Goods Items used to aid and facilitate the production of finished goods. These items are commonly used as a result of the production process, but are not a direct part of the finished product. For example, disposable molds used to manufacture potato chips would be considered MRO inventories.

FINISH GOODS (FG)

Finished goods are products that have completed the production process and are ready to sell: the potato chips themselves.

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TRANSFER POSTING BY SAP

TRANSFER POSTING Transfer posting Purpose It is meant to remove materials from storage in one storage location and store them in another storage location. This can occur either within a plant or between two plants or company codes. Features A transfer posting usually refers to a change in stock of materials. For example, accepting consignment material, issue with quality inspection. In transfer postings, content can remain in its original storage bin or be transferred. It is used to represent organizational-relevant relocation within the company (for example, decentralized storage. So, transfer posting is a change in the book keeping information about a material. For most posting changes, the item stays in the same physical location. For Example, Issue of material stock from inspection Designating available material as inspection stock Change a material number Material divided into two or more batches Converting special stock, such as consignment stock or returned stock, into company

STORE KEEPER

WORK OF STORE KEEPER BASIC WORK OF STORE KEEPER Receiving of material and verification as per document. Monitoring and tracking of shortage material and physical. Knowledge of FIFO, FEFO Line auditor from store end. Ensuring movement of the material from incoming area to main store. Material issue as per plan. Responsible for 5’S and housekeeping of ware house. Supervised the import and export loads and bulk cargo BASIC WORK OF SENIOR STORE EXECUTIVE Aging sheet maintained daily Preparing monthly stock reconciliation report Maintain minimum and maximum level in store. Sending of email and other communication concern to department Manage the training and development of new recruiters. Daily maintain excel sheet to remind physical stocks. Continuous fallow up with the transporter until consignment reaches up its destination. For more info :- https://www.blogger.com/blog/post/edit/6705131264869638993/8834010818672912343?hl=en

Tools & Techniques for Measuring Quality

Tools & Techniques for Measuring Quality Quality control is an important issue in manufacturing, and using expert tools and techniques to measure quality can ensure that your product is well received by your customers and undergoes any necessary government oversight. Technology may vary depending on your type of business, but the goal of all tools is to produce high quality products. Inspection Inspection is an important part of measuring quality, and for small operations, random product testing can be an effective technique. Statistical sampling, a method of using mathematics and the science of probability, is best for producing large quantities, where you have enough samples compared to the whole. Several software programs and other tools are available to perform this type of inspection. The product can also be evaluated to see if it conforms to predetermined criteria, perhaps by visiting a checklist of essential functions and physical characteristics. Testing One type of produ

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