The correct answer is D. purchase, storage and issue of material.
Material control is a process that ensures that materials are used efficiently and effectively in an organization. It involves the following steps:
- Purchase of material: This involves identifying the need for materials, selecting suppliers, negotiating prices, and placing orders.
- Storage of material: This involves ensuring that materials are stored in a safe and secure location, and that they are properly labeled and tracked.
- Issue of material: This involves releasing materials from storage to production or other areas of the organization.
Material control is important because it helps to ensure that organizations have the right materials at the right time, in the right place, and at the right cost. It also helps to prevent waste and loss of materials.
A. Consumption of material is not part of material control. It is the process of using materials in production or other areas of the organization.
B. Issue of material is part of material control, but it is not the only step involved.
C. Purchase of material is part of material control, but it is not the only step involved.