Inventory Control 

The objective of the inventory control function in materials management is to maintain stock of materials in various stages of production, in the desired quantities so that the overall cost of production is minimized. The tasks of inventory control in the raw materials storage and production departments are the same as that in the production control department. Exhibit 12.2 identifies the reasons for storing the different types of materials in the organizations. However, inventory control emphasizes cost minimization, whereas production control focuses on materials availability.

The inventory control function is represented in three departments:

• Raw materials inventory department

• Production department and

• Finished goods inventory department.              

The overlapping of the raw materials inventory and production departments can cause conflicts in the execution of the two functions of production control and inventory control.

For example, the manager of the purchasing department may want to procure materials in large quantity to get a price discount, even though the cost of storing them is high. In such situations, the materials manager acts as an arbiter and balances the need for quantity in the production control function and the material cost minimization of the inventory control function.              

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