FEDERAL POLYTECHNOIC NEKEDE OWERRI DEPARTMENT OF PURCHASING AND SUPPLY aka

DepartmentPURCHASING AND SUPPLY

Amount₦5,000.00

1.1  BACKGROUND OF THE STUDY The stores function is a vial part of industrial concerns, public & private utility undertaking agricultural enterprises, maniple authorities, aimed service and government department and it must be design to suit the needs of the organization it services. There, is therefore, no standard system which can be universally recommended or applied but, in this course of time, certain principles and practices of more or less general application have been evolved. In this book it is proposed of examine at length some of these principles and practices but it must always to born in mind that the conditions of operation are very diverse. The importance of efficient storage and central of stock in indicated by the fact that according to the monthly digests of statistics published by him. Stationery office the total value of stores in stock in the United Kingdom exceed 13.000m. Store security is a systematic procedure of recording transaction in the store, so that at any time, the stock will show the actual stock position at each material held within the stores organization. In organization where receiving function store security spans through initiating purchasing. Inspection operations and receipt stock items, documentation to the issuing of material to user department of presentation of authorization (authority notes).There is no universally recommended system of operation in different organization but the basic principles are the same. Thus, if these principles are properly, mastered then adoption to any situation or condition will be an easy task. Store security provides a supportive role to the functional areas of the organization, without which no organization can operate efficiency and effectively. In industrial concern, store security provides and any service which lead to the production. Get the Complete Project Material Now!!!

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