PPT On INVENTORY MANAGEMENT
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Stock of items kept to meet future demand
It can be:
Raw materials
Purchased parts and supplies (Spares)
Partially Completed or Unfinished goods.
Items being transported (Stores in Transit)
Tools and equipment
2. Inventory Management….?
Definition It is concerned with planning, organizing and controlling the flow of materials from their initial purchase through internal operations to the service point through distribution.
OR Material management is a scientific technique, concerned with Planning, Organizing & Control of flow of materials, from their initial purchase to destination.
3. The Aim…
To get:
The Right quality
Right quantity of supplies
At the Right time
At the Right place
For the Right cost
4. Purpose…
- To gain economy in purchasing
- To satisfy the demand during period of replenishment
- To carry reserve stock to avoid stock out
- To stabilize fluctuations in consumption
- To provide reasonable level of client services
5. Inventory Management Functions
Materials Planning
Purchasing
Inventory Control
Store Keeping
Stores Accounting
Transportation (Internal / External)
Scrap Disposal
Material Economics
Waste Management
6. NHPC SCENARIO
IFS ERP INVENTORY MANAGEMENT MODULE has been implemented across 41 locations of NHPC.
As on date stock exists in 56766 items approximately.
Items are being centrally codified at Corporate Office based upon the codification schema developed by TCS.
7. Inventory In NHPC
Our Inventory includes:
- Material involved in Survey & Investigations.
- Drilling Equipments & Accessories.
- Explosives/ Detonators
- Construction Material issued to Contractors
- Steel , Cement, Explosives etc.
- Spares for Maintenance Repair & Operations
- Heavy Equipment/ Vehicle Spares
- Regular & Irregular Spares for GPM
- General Electrical & Hardware items
- General Administrative Items
- Medicines, Stationary & Liveries etc.
8. For more please refer our PPT. Thank You.
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INVENTORY MANAGEMENT Presentation Transcript:
1. What is Inventory….?Stock of items kept to meet future demand
It can be:
Raw materials
Purchased parts and supplies (Spares)
Partially Completed or Unfinished goods.
Items being transported (Stores in Transit)
Tools and equipment
2. Inventory Management….?
Definition It is concerned with planning, organizing and controlling the flow of materials from their initial purchase through internal operations to the service point through distribution.
OR Material management is a scientific technique, concerned with Planning, Organizing & Control of flow of materials, from their initial purchase to destination.
3. The Aim…
To get:
The Right quality
Right quantity of supplies
At the Right time
At the Right place
For the Right cost
4. Purpose…
- To gain economy in purchasing
- To satisfy the demand during period of replenishment
- To carry reserve stock to avoid stock out
- To stabilize fluctuations in consumption
- To provide reasonable level of client services
5. Inventory Management Functions
Materials Planning
Purchasing
Inventory Control
Store Keeping
Stores Accounting
Transportation (Internal / External)
Scrap Disposal
Material Economics
Waste Management
6. NHPC SCENARIO
IFS ERP INVENTORY MANAGEMENT MODULE has been implemented across 41 locations of NHPC.
As on date stock exists in 56766 items approximately.
Items are being centrally codified at Corporate Office based upon the codification schema developed by TCS.
7. Inventory In NHPC
Our Inventory includes:
- Material involved in Survey & Investigations.
- Drilling Equipments & Accessories.
- Explosives/ Detonators
- Construction Material issued to Contractors
- Steel , Cement, Explosives etc.
- Spares for Maintenance Repair & Operations
- Heavy Equipment/ Vehicle Spares
- Regular & Irregular Spares for GPM
- General Electrical & Hardware items
- General Administrative Items
- Medicines, Stationary & Liveries etc.
8. For more please refer our PPT. Thank You.
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