Scribd
Upload
126 views

What Are The Functions and Process and Procedures of Store Keeping?

Store keeping involves managing stock, customer service, and employee management. A storekeeper must order and arrange stock according to customer demands, ensure high levels of customer service, and hire and train employees to help run the store effectively. The key functions of store keeping are to receive, store, and issue materials at minimum cost while protecting goods and allowing for easy location and identification of items.

Uploaded by

Yash Mi G
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
126 views

What Are The Functions and Process and Procedures of Store Keeping?

Store keeping involves managing stock, customer service, and employee management. A storekeeper must order and arrange stock according to customer demands, ensure high levels of customer service, and hire and train employees to help run the store effectively. The key functions of store keeping are to receive, store, and issue materials at minimum cost while protecting goods and allowing for easy location and identification of items.

Uploaded by

Yash Mi G
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 4

What Are The Functions And Process And Procedures Of Store Keeping?

Store keeping involves a range of functions, process and procedures, a number of which are outlined below. A store keeper is central to the functioning of a retail store, and must manage it effectively in order to make a profit. If you have recently become a store keeper, you could complete a store keepingtraining course in order to learn the basics and make your store more efficient. A storekeeper can be the success or failure of a shop, as their activities are vital in keeping costs low and revenue high. Read the sections below to discover what being a storekeeper is fundamentally about.

Managing stock The first thing a store keeper must do is manage stock. They must order the necessary stock items, in accordance with the demands of regular store customers; this allows the store to provide goods and services to its target market. The store keeper must then arrange for stock to be dropped off at convenient times (or collected) and arranged efficiently in the store. The layout should be convenient for customers; it is usually best to display goods in sections to avoid confusion. Sometimes, it may be necessary to deal with excess stock. This can either be sold at a reduced price or in some cases disposed of - for instance, if the 'sell by' date has passed.

Customer service A store keeper must ensure that high levels of customer service are provided in thestore at all times. Customers shouldn't be kept waiting in a queue for too long, and should have access to a store employee for help. Poor customer service will reduce custom in the long run, so should be avoided at all costs.

Employee management It is usually necessary for a store keeper to employ others to help run the store. They must select the appropriate candidates and train them to complete the job effectively. The store keeper must ensure there are enough staff members in the store to meet the demands of the customer.

STORE KEEPING
Receive, store, and issue materials, parts, factory supplies at minimum cost It is serving facility, inside an org., responsible for proper storage of the material and then issuing it to respective departments on proper requisition Protect the goods stored Store room, storekeeper

3/27 Page 2

OBJECTIVES OF STORE-KEEPING
Easy location of the items in store. Proper identification of items. Speedy issue of material. Efficient utilization of space. Reduction in need of material handling equipment.

4/27 Page 3

TYPES OF STOREKEEPING

Storekeeping

Centralized storekeeping

Decentralized storekeeping

6/27 Page 5

FUNCTIONS OF STOREKEEPING
Balance function Assortment function Functions of storekeeping Security function speculation function

Improving function

9/27 Page 8

FUNCTIONS OF STORE-KEEPING
Balance function: If the procurement quantity is larger than the output, then by the balance function the material redundant for production is stored. Assortment function With the supply or assortment function the storekeeping contributes to a continuity in the assortment. To that extent the supply function supplements the balance function, since thereby the parts of the assortment, where discrepancy between procurement and paragraph exists, are bridged.
10/27 Page 9

Security function This can be the case, if products, which are coined/shaped by delivery bottlenecks and/or seasonal fluctuations, must be procured. Improving function The improving function is called also production function of the camp, which makes possible only a following processing. An improving function develops, if the storage causes a change of the product and part of the production process. Speculation function Reasons for the speculation function of the storage can be foreseeable extreme price fluctuations on the procurement market or particularly low cost prices. In addition can be speculated to the discounts received thereby by the order of large quantities and in camp commodity.

Page 10

Why storekeeping?
Receiving, handling and speedy issue of material.

Custodian of goods I store against damage and pilferage.


To ensure regular supply of materials .

Effective utilization of store space.


To provide service to the organization in most economical way. To keep the details of the items available in store up to date. Proper identification and easy location of items. Physical checking of stocks.
11/27 Page 11

You might also like

pFad - Phonifier reborn

Pfad - The Proxy pFad of © 2024 Garber Painting. All rights reserved.

Note: This service is not intended for secure transactions such as banking, social media, email, or purchasing. Use at your own risk. We assume no liability whatsoever for broken pages.


Alternative Proxies:

Alternative Proxy

pFad Proxy

pFad v3 Proxy

pFad v4 Proxy