What do you understand by materials control? What are the important re

Question

What do you understand by materials control? What are the important requirements of an efficient system of material control?

22 Sep 2022

Answer :

Word Count : 278

Materials control refers to the management of the movement and use of materials, from the time they are received into an organization to the point when they are used or sold. It is an essential component of inventory management and involves tracking inventory levels, ensuring that materials are available when needed, and minimizing waste and ______ _________ _____ _______ ____ _______ _________ __________.
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	Rs.	Hours
Materials used	54000
Direct wages	45000
Overheads	36000
Labour hours worked		36000
Machine hours worked		30000

	Rs.	Hours
Materials used	6000
Direct wages	3200
Labour hours worked		3200
Machine hours worked		2400