B Com Exam  >  B Com Notes  >  Cost Management  >  Storage of Materials - Material Costs, Cost Management

Storage of Materials - Material Costs, Cost Management | Cost Management - B Com PDF Download

Materials Handling & Storage

Safety All the Way

Every material handling operation is different. Each part of the construction industry must take care to ensure safety practices are in place at every stage of handling various materials.

Every worker and supervisor has a safety role to play in handling and storing materials. Good housekeeping, proper lifting and loading procedures, and proper packaging are all important.

Pallets and Safety

  • Use of pallets for loading and handling materials is extensive throughout the construction industry. Be sure the pallets you are using are in good condition. Cross piling and other safe loading techniques are required. Tie and secure any unstable loads and repack them if necessary.
  • Make sure you find out what type and size of pallets will be used on loads you expect to receive. They must be suitable for the type of equipment you use to unload the materials.

Planning Each Move

Materials should be moved only when necessary. When you plan to move, ship, or receive materials consider all parts of the operation:

  • How will it be transported?
  • Are the workers experienced enough?
  • Do you have enough workers to do the job right?
  • Is the vehicle operator skilled enough for the job at hand?
  • Are the package or load sizes appropriate?

Materials Handling Equipment

When you think about how to handle materials or place them in storage properly, think about equipment that can assist you. When ever possible use:

  • Trucks
  • Forklifts
  • Dollies
  • Carts
  • Wheelbarrows
  • Hoists

Save your back and increase job efficiency by using the right tool for the right job. When manual assistance is required at any stage in the job, ensure that there are enough workers to share the work. By improving your handling procedures your safety record will improve.

Stacking and Storage

Proper stacking and storage is an essential part of materials handling and good housekeeping no matter what kind of worksite you're at. When storing or stacking materials, check:

  • Do stacks restrict access?
  • Do they interfere with visibility?
  • Are they stable and secured?
  • Are they too high - do they pose a danger of toppling over?
  • Is there a danger of contact with power lines?
  • Will single packages or items in a pile drop from up high if bumped at a lower level?
  • Barrels and bags - has removal of any items created instability?
  • Is there safe working space for workers, pallet jacks, forklifts, or trucks?
  • Is there any fire risk? Keep flammables away from potential ignition sources
  • Are labels affixed and visible?

In Transport

Many accidents and mishaps occur during transport of materials. Check:

  • Is the speed limit being observed?
  • Is the load balanced and loaded properly?
  • Is the vehicle being used for its designed purpose?
  • Had the load been properly secured?
  • Proper labels affixed and visible?

On arrival, check for any spillage or leakage. Check to see that hazardous materials are properly labeled. A Material Safety Data Sheet (MSDS) should be readily available.

Home Storage

  • Using proper and efficient storage techniques at home will reduce chances of back injuries while at the same time easing your "home workload".
  • As you would at work, use wall brackets, shelving, and other storage systems in order to put materials at the right height. This will reduce bending, stretching, or twisting.
  • When you lift materials, always bend at the knees and transfer more of the weight of the package to your leg muscles. This will reduce the strain on your back.
  • When lifting and storing groceries, you and family members should take care to share the work, move carefully, and take your time. Many injuries and household accidents occur when the task is being hurried.
  • For major jobs around the home, or while doing outside jobs such as building a garage, rent or hire equipment that will ease the workload. Keep children away and make sure the operator has safety in mind.
  • For lighter jobs, use tools that may help including dollies, wheelbarrows, ropes, or belts. For example, don't move that filing cabinet down the stairs unless you have helpers and/ or the right equipment.
  • Whatever the task, don't let your family see you doing it the wrong way. Remember, you know the rules best - so bring your safety attitude home with you from work.

A Good Safety Record

  • Manual material handling accidents and falls are frequent. WCB claims in this area are high.
  • Improved materials handling leads to better productivity and a good safety record.
  • Don't let equipment accidents ruin your record. For example, don't exceed the recommended load limits of vehicles used in handling materials.
  • Make sure all vehicle operators in your area follow the regulations and safe operating procedures.
The document Storage of Materials - Material Costs, Cost Management | Cost Management - B Com is a part of the B Com Course Cost Management.
All you need of B Com at this link: B Com
48 videos|51 docs|17 tests

FAQs on Storage of Materials - Material Costs, Cost Management - Cost Management - B Com

1. What are material costs in the context of storage of materials?
Ans. Material costs refer to the expenses incurred in acquiring and managing materials for storage. These costs include the purchase cost, transportation costs, storage fees, and any other costs associated with the procurement and handling of materials.
2. How can cost management be applied to the storage of materials?
Ans. Cost management in the storage of materials involves implementing strategies to minimize expenses and optimize the use of resources. This can be achieved through practices such as inventory control, efficient storage layout design, proper handling and maintenance of materials, and adopting technologies that automate and streamline storage processes.
3. What are the benefits of effective cost management in the storage of materials?
Ans. Effective cost management in the storage of materials can lead to various benefits, including reduced expenses, improved inventory accuracy, enhanced operational efficiency, minimized wastage, better utilization of storage space, and increased profitability. It also helps in ensuring timely availability of materials and avoiding stockouts or overstock situations.
4. How can material costs be controlled in the storage process?
Ans. Material costs can be controlled in the storage process by implementing several measures. These include optimizing inventory levels to avoid excess stock or shortage, negotiating better deals with suppliers to reduce purchase costs, implementing effective forecasting techniques to estimate material requirements accurately, and implementing efficient storage and retrieval systems to minimize handling costs.
5. What role does technology play in cost management for the storage of materials?
Ans. Technology plays a crucial role in cost management for the storage of materials. It enables the automation of various storage processes, such as inventory tracking, order processing, and material handling, thereby reducing labor costs and minimizing human errors. Advanced technologies like barcode scanning, RFID systems, and warehouse management software also facilitate real-time visibility of materials, enabling better decision-making, and cost optimization.
48 videos|51 docs|17 tests
Download as PDF
Explore Courses for B Com exam
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev
Related Searches

Storage of Materials - Material Costs

,

Objective type Questions

,

ppt

,

Sample Paper

,

Cost Management | Cost Management - B Com

,

Semester Notes

,

Exam

,

Cost Management | Cost Management - B Com

,

Extra Questions

,

mock tests for examination

,

Storage of Materials - Material Costs

,

MCQs

,

Important questions

,

study material

,

Storage of Materials - Material Costs

,

past year papers

,

pdf

,

practice quizzes

,

Summary

,

video lectures

,

shortcuts and tricks

,

Previous Year Questions with Solutions

,

Viva Questions

,

Cost Management | Cost Management - B Com

,

Free

;