ECONOMICS

Detailed explanation-1: -Maintaining stores ledger is not a Material control technique. A stores ledger is a manual or computer record of the raw materials and production supplies stored in a production facility. It is maintained by the person responsible for these assets, such as the warehouse manager.

Detailed explanation-2: -Following are the main techniques of materials control: 1. ABC Analysis 2. Determination of stock levels 3. Economic Order Quantity (EOQ) Analysis 4.

Detailed explanation-3: -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.

Detailed explanation-4: -noun. : a perpetual inventory record especially of raw materials and manufacturing supplies.

Detailed explanation-5: -What is Material Control? Material Control is a management function that is concerned with the storage, handling, and use of materials to minimize waste and improve inventory accuracy. This process can be beneficial for companies to reduce costs and improve organization and productivity.