11/4.12
MATERIALS TECHNIQUES OF MATERIAL
MATERIAL CONTROL
ILLUSTRATION 12. A manufacturing company used 50,000 material
The administration cost per purchase is * 50, and the carrying cost is 20% oft
inventory. The company currently has an optimum purchasing policy hest
offered a 0.4 per cent discount if they purchase five times per year. Should that
w the offer be
accepted ? If not, what counter offer should be made ?
0 000 materials per year.
ost is 20% of the average
sing policy but has been
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Answer:
ome of the most important techniques of material cost control are as follows:
Material control aims at eliminating and minimising all kinds of wastes and losses while the materials are being purchased, stored, handled, issued or consumed. A number of techniques are used at planning, procuring and holding stage of material which help in exercising and effecting material cost control.
Explanation:
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