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(b) Items related to serial number must be correlated with purchase history for proper
warranty checking before discarding. Also utilisation period to be verified by Stores, and
recorded in ERP.
(c) Rubber/filter/nut bolt and washer/chain and consumables, used items etc. should be
discarded in a lot (with approximate price on kg basis) periodically by user department
and a single discard slip is enough where saleable value is almost ‘zero’. This should be
cleared on monthly basis.
(d) Non-purchased items/removed items from machine/in-house made item/MS item etc.
discarded value must be declared by HOD for Stores verification further so disposal
team can consider the same with final sale price. The declared value will be shown as a
separate column in our ERP and will not impact value of stock. It will be used as
guidance for items to be disposed.
(e) Monthly report to be circulated on discarded item with rate above Rs.2,000/- for final
approval of sale.
(f) Whenever old spare/parts are replaced, DM(Stores)/SM should collect discarded slip of
such old parts while issuing the new parts without any omission and handover the old
parts to Disposal Team, at least once in a month, to be kept under lock for disposal. The
old parts should not be re-issued to user department without obtaining proper approval.
(g) Whenever Stores Dept. is taking back any approved discard item, they should
categorise each item value-wise and handover to the by-product/disposable team later.
And Disposal Team should also maintain and allow transferring to discard godown in
particular lot only as per item nature while taking under their custody for immediate sale.
(h) The old/dead stock should be reviewed and action should be taken to discard the same
after approval as per Matrix given. Accounts Manager/DGM(C) will check and see that
SM performs accordingly in this respect.
(i) Before discarding any spares, toolings, dies, components etc., it should be thoroughly
checked by technical people.
(j) All breakages in stores, the value of which is Rs.500/- or less for each item must be
shown to DGM(C) or in his absence Accounts Manager for suitable action and then
adjustment should be made in the respective item’s stock. In case the value of breakage
is more than Rs.500/- in respect of each item, approval of HG/AG should be taken, who
will take suitable action on the concerned person. List of such breakages/loss should be
circulated by SM to DGM(C)/AG on monthly basis.
(k) If any item is not likely to be used due to change in design or change in requirement,
such items should be discarded with the approval of concerned HOD + DGM(C) +GM(A)
+ VP(O), who will instruct the Purchaser to see the replacement or buyback can be done
with best pricing.
(l) The Departmental Heads will send slip to SM clearly mentioning the defect and reason
for discarding the material along with full details, i.e. Code & Description, Price/Value,
Warranty Status, Issue Date etc. SM will keep the discarded material separately. At the
end of the month SM will sort out the material according to the approval to be obtained
and get the approval after inspection of the material. The details o such approval will be
entered in ERP and will be signed by the approving person. Apart from the above,
DGM(C)/SKJ will also verify the discarded item with individual approval and signed slips
and sign the report. Report will be maintained only for items where the value is above
Rs,2,000/- each. AL will receive the same and keep in discard/scrap godown.