1. What do you understand by ‘Material Control’? What are the essentials of an efficient material control system?
2. Explain the role played by ‘Material Control’ in cost control and cost reduction.
3. Describe briefly the functions of each of the following departments with regard to material control.
A] Stores Purchase B] Stores receiving and inspection department C] Store keeping department
D] Production department and E] Stock control department
4. Indicate the reasons why the purchase department should function as a separate department and state the advantages of a centralized purchase function.
5. What is a purchase requisition? Give a specimen form of purchase requisition and state the information contained therein.