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Gives examples of Material losses

February 21st, 2012 Comments off

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Material losses include loss of quantity, weight or volume of materials.

Some examples of material losses which are incurred from the following:

Obsolescence re: change of specification results in certain type of materials become useless
Losses during handling like in pilferage, breakage, etc
Storage like fading, rusting, warping affect the materials or inventories
Loss during production due to inadequate or inefficient equipment, defective materials, accidents
Inherent causes re: evaporation of liquid materials
Inefficient stores issues when excess materials are not returned and left deteriorating or idling or get mixed with other unusable items and disposed off.

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