instore

instore is a Store Management which refers to the efficient management of materials. Store management is concerned with ensuring that all the activities involved in storekeeping are carried out efficiently and economically by those employed in the store.

Stores form the basis of material management. Stores play a vital role in the operations of a company. In an organisation, stores are mainly intended to provide staff activity in the production of goods or services. No industrial unit or public undertaking of any size can be managed efficiently without it. The basic objective of storekeeping is to provide services to the operating functions in the most economical manner.

Objectives of instore Store Management

Minimizing the cost of production by minimizing the cost of materials

Maintaining the value of materials

Services to User departments

Establishing Co-ordination with other Departments

Advising Materials managers

It receives and accounts for inventories.

It keeps proper records of the issue and receipts.

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