MATERIAL MANAGEMENT OF GSFC
UNIVERSITY LABORATORY
GROUP NO.-08
• UJAS KOYANI (16BE01D065)
• CHINTAN SHAH (16BE01D066)
• DRASHTI SUTARIYA (16BE01D067)
• SHIVANI DAVE (16BE01D068)
• KARAN GOHIL (16BE01D069)
• MEHTAB MASTAN (16BE01D070)
• NIL PATEL (16BE01D071)
• DHAVAL PATANWADIYA (16BE01D072)
• CHIRAG MAKWANA (16BE01D073)
• FENIL GANDHI (16BE01D074)
• PRASHANT MASKE (16BE01D076)
INTRODUCTION
• Material management is an approach for planning, organizing, and
controlling all those activities principally concerned with the flow
of materials into an organisation.
• Material Management is an important process in Supply
Chain Management which is essential to transform inputs into outputs. It is
the process of planning, organizing, staffing, directing and controlling the
flow of materials from their initial purchase to destination.
• Functions of Material Management: Material management covers all
aspects of material costs, supply and utilization. The functional areas
involved in material management usually include
purchasing, production control, shipping, receiving and stores.
BUSINESS WORKFLOW DIA.
TYPE OF LABORATORY IN GSFC UNI.

• Chemical lab
• Computer lab
• Instrumentation lab
• Workshop
PROCEDURE OF
PROCUREMENT
PURCHASE REQUISITION
• A purchase requisition is a document used as part of the accounting
process to initiate a merchandise or supply purchase. By processing a
purchase requisition, appropriate controls can monitor the legitimacy
of a purchase, as well as identify the business need for the products.
PROCESS FOR A PURCHASE
REQUISITION
While every company has their own processes that are unique to
their own operation, there are basic processes that are relevant to
purchase requisitions.
Here are the four key steps:
• A need is identified
• The necessary information is collected
• A decision on the purchase is made
• The purchase requisition is compared to the invoice and issued
NEED ANALYSIS
• Needs analysis is defined as a formal process focus on how a product
addresses the needs of a human. It is not an official business
development tool, but is considered a valuable analytical technique to
better gauge the marketability of a product or a service to a human
consumer.
• The main purpose of needs analysis is the user's satisfaction. As it
focuses on the needs of the human, needs analysis is not limited to
addressing the requirements of just software, but can be applied to any
domain, such as automotive, consumer product or services such as
banking.
FLOATING TENDER
• Tender usually refers to the process whereby governments and
financial institutions invite bids for large projects that must be
submitted within a finite deadline. The term also refers to the process
whereby shareholders submit their shares or securities in response to a
takeover offer.
• All Govt. entities must widely circulate their purchase requirement in
different media like: Newspapers, website, Journals etc. This process
of publishing the Tender notice is known as Floating a Tender.
BID OPENING
• Bidding is an offer (often competitive) to set a price by an individual
or business for a product or service or a demand that something be
done. Bidding is used to determine the cost or value of something.
• When bids are opened and examined by the company. If open bidding
is allowed they can witness the event and inspect any bids. It its closed
bidding than only staff is allowed to be present.
VERIFICATION
PURCHASE ORDER
FINAL PAYMENT