Control and administration of the raw materials:
Needs management and control of raw materials is due to the fact that
very important to ensure that the objectives of the management organization
Materials are concerned that instead. One of the main objectives of management
produce cement in the lowest possible cost while achieving the best performance
To achieve the investment objective was laudable, effective control is required
System, from the acquisition of raw materials to the final production stage.
The department store company is responsible for Managing and
control of raw materials and finished product inventory to ensure the effective and efficient management
and the use of appropriate to minimize the waste that causes reduced profit organization. To this end, the size of the internal controls adopted the following:
in. The composition of the control of the stock material to establish the maximum
and the minimum quantity terms through free registration in stock
general ledger control account also recorded continuously.
second. physical stock checks to determine the exact amount of inventory
then we reconcile accounts and stock.
do. continuous accumulation of stock: inventory form was placed in the
placing great moral controls on staff with department stores
with respect to the theft or misappropriation of goods or products.
again. All the inventory issue for factory and store energy which is supported by duly authorized
Requisitions.
In addition, to minimize waste, the management of the Nigerian Cement Company, Nkalagu
ensures that only a certain quantity of raw material supplied to the plant daily
The method of determining the issue of raw materials and production department based on
enter the last first-out (LIFO). None of the material is perishable, so do not need
special arrangements for the warehouse.
Purchases of raw materials and distribution:
the company’s board of directors is the body’s main policy formulation. advice is
led by President elect.
the power to purchase and inventory control of its divisions in purchasing; which
store as one unit and. function was delegated to the Procurement Officer is
after receiving the request from each departmental manager. accountability
department ensures that payments to buy raw materials needed to make the tour
Records are stored in the Company cement from Nigeria, there is a procedure established for stock
acquisition and management. This is marked in the box below:
Production department store + – + purchases

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