DEFINITION OF MATERIAL 
          DEFINITION OF MATERIAL 
                      CONTROL
                      CONTROL
      ACC. TO B.K.BHAR: 
       MATERIAL CONTROL IS A SYSTEM 
      WHICH ENSURES THE PROVISION OF 
      REQUIRED QUALITY OF MATERIAL,IN 
      REQUIRED QUANTITY ON REQUIRED 
      PLACE AN TIME WITH MINIMUM 
      AMOUNT OF CAPILTAL. 
                                
                                
        MEANING OF INVENTORY 
        MEANING OF INVENTORY 
     • INVENTORY MEANS A SHEDULE OF 
       ITEMS HELD AT PARTICULAR POINT OF 
       TIME.
          LEVELS OF MATERIAL CONTROL
               QUALITY         FINANCIAL
               CONTROL          CONTROL
                                     
                                     
        OBJECTIVES OF MATERIAL 
        OBJECTIVES OF MATERIAL 
                      CONTROL
                      CONTROL
     AVAILABILITY OF MATERIAL.
     MINIMUM INVESTMENTS IN MATERIAL.
     SUITABLE PRICE.
     TO AVOID SPOILAGE OF MATERIAL.
     PROPER ISSUE OF MATERIAL.
     ACCOUNTING OF MATERIAL.
     CHECKING OF MATERIAL.
     VALUATION OF STOCK.
                                
                                
           CONTROL ESSENTIALS OF 
           CONTROL ESSENTIALS OF 
                          MATERIAL 
                           MATERIAL 
     •             ESSENTIALS ARE
              CENTRA-                      PERPETUAL
               -LISED        CLASSIFI-     INVENTORY
                             -CATION        SYSTEM
                                 &
                            CODIFICA-
                               -TION
                                       
                                       
            MAIN TECHNIQUES OF 
            MAIN TECHNIQUES OF 
            INVENTORY CONTROL
            INVENTORY CONTROL
    A) DETERMINATION OF STOCK LEVELS.
    B) ECONOMIC OPRDER QUANTITY.
    C) VED ANALYSIS.
    D) MATERIAL TURNOVER RATIO.
    E) ABC ANALYSIS.
    F) PERPETUAL INVENTORY SYSTEM.
    G) SIMPLIFICATION AND STANDARDISATION.
    H) CLASSIFICATION AND CODIFICATION.