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MATERIAL por Mind Map: MATERIAL

1. Stock Records

1.1. BIN Card

1.1.1. Quantity Only

1.1.2. Store Keeper

1.2. Stores Ledger

1.2.1. Quantity and Value

1.2.2. Cost Accounting Clerk

1.2.3. Periodical

2. Material Loss

2.1. Wastage

2.2. Srap

2.3. Defectives

2.4. Spoilage

3. Types

3.1. Direct

3.2. Indirect

4. Material Control

4.1. Purchases

4.1.1. Centralised

4.1.1.1. Purchase Procedure

4.1.1.1.1. Purchase Requisition

4.1.1.1.2. Calling for Tenders

4.1.1.1.3. Selecting Supplier

4.1.1.1.4. Purchase Order

4.1.1.1.5. Receiving & Inspection

4.1.1.1.6. Passing Bills for Payment

4.1.2. Decentrailse

4.2. Storage

4.2.1. Stock Levels

4.2.1.1. Re-Order Level

4.2.1.2. Minimum Stock Level

4.2.1.3. Maximum Stock Level

4.2.1.4. Average Stock Level

4.2.1.5. Re-Order Quantity

4.2.1.5.1. EBQ

4.2.2. Inventory Control

4.2.2.1. Periodical/annual

4.2.2.2. ABC Analysis

4.2.2.3. VED

4.2.2.4. FSN

4.2.2.5. JIT

4.2.3. Stock taking

4.2.3.1. Continuous Stock Taking

4.2.3.2. Perpetual Inventroy System

4.2.3.2.1. BIN card

4.2.3.2.2. Stores Ledger

4.2.3.2.3. Continuous Stock Taking

4.3. Issue/Usage

4.3.1. Methods of Pricing

4.3.1.1. FIFO

4.3.1.2. LIFO

4.3.1.3. Average Price

4.3.1.4. Weighted Average