B) Materials constitute a significant part of the manuf

B) Materials constitute a significant part of the manufacturing costs of an organization and therefore it is essential that proper control and accounting procedures be exercised in all aspects of the materials control system in the area of :
i) initial ordering and purchases
ii) inspection of materials
iii)storages
iv) stock control
v) stock valuation of materials issued from stores to production
vi)physical stock-taking
In relation to the above 6 integrated areas of material control system you are required to explain the purpose procedures & related documentations required so that materials purchased is the most suitable for the intended purpose of usage and cost effectiveness.
DEFINITION PURPOSE AND DOCUMENT
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