Terms related to procurement - binning , Other Management

Binning 

The goods on receipt are received by personnel at the project stores, verified and then accepted. The goods are stored properly following store procedures, in bins/store trays or customised holders depending upon the design of the goods, with necessary care. The conventional practice of bin cards are still followed in many stores. 

Release to production 

The goods received in stores are released for consumption to the user as and when indented, following proper procedures.  

Payment to suppliers 

The purchase manager approves release of payment to the supplier based on the report sent by inward goods personnel.   

Posted Date: 9/28/2012 1:25:11 AM | Location : United States







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