store(redirected from storage)
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- a secure area for the storage of raw materials or components not required immediately for production, or of finished goods not required immediately for despatch to customers.
Storekeeping procedures involve checking deliveries of materials or components against orders and receiving them into stores for safekeeping against damage or theft. Thereafter materials or components are issued to production departments in quantities authorized by MATERIALS REQUISITIONS, and appropriate entries made on BIN CARDS to maintain up-to-date records of stock in hand. Period STOCK CONTROL checks serve to ensure that stocks recorded agree with physical stocks held. When stocks fall to reorder levels new orders are placed for materials, to avoid production holdups. Accurate and systematic storekeeping procedures are needed if the raw materials and component cost of products is to be accurately ascertained.
Similar stores-control procedures operate in the finished goods store to ensure that stocks are available to fulfil sales orders. See WAREHOUSE, MATERIALS MANAGEMENT, INTERSTAGE STORE, AUTOMATED GUIDED VEHICLE, AUTOMATED STORAGE AND RETRIEVAL SYSTEM.
- an alternative term for a SHOP.
- a secure area for the storage of raw materials or components not required immediately for production, or of finished goods not required immediately for dispatch to customers.
- a SHOP.