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the purpose, procedures and related documentation required in The 5 intergrated area of material control system

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the purpose, procedures and related documentation required in The 5 intergrated area of material control system
Answered Same Day Dec 23, 2021

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Robert answered on Dec 23 2021
116 Votes
MATERIAL CONTROL SYSTEM
[Type the company name]
12
MATERIAL CONTROL
SYSTEM
STUDENT’S NAME
Material control system in accounting is a systematic procedure by the help of which the
material is used in such a way in the industry which helps to minimize the cost of production.
A material is the basic requirement in any industry and it is the most important constituent in
the production process for an organization. Above 70% of the organization’s constituent is
composed of raw materials. If continuous availability of material is there in an organization,
then it can lead to continuation in production process without any hindrances. Thus to
summarise, the main objective of material control is to reduce the organization’s cost of
production which will enhance...
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