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Stock branch of CO/RO

This overview highlights the functions and importance of timely availability of various stock items in ensuring smooth functioning of a government office procurement system. Your role involves minimizing wastages and unnecessary expenditure, avoiding overcharging, and managing stock retirement efficiently.

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Stock branch of CO/RO

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  1. Stock branch of CO/RO Overview of the functions

  2. Introduction • Timely availability of various items of stock ensures smooth functioning of PO • Your role is vital in ensuring • Timely availability • Minimizing wastages • Reducing unnecessary expenditure • Avoidance of overcharging

  3. Functional areas • Relation with PSDs • Tendering • Other procurements • Stock monitoring • e-procurements • Retirement of stocks

  4. Relation with PSDs • PSDs float tender for various items of work • Tender evaluation committee needs to be nominated yearly • Submits the tender file after initial processing for approval • Technical and commercial bids for works above two lakhs to be approved separately

  5. Routine procurements • Purchase of furniture • Sundry purchase approvals of divisions exceeding Rs. 5000/- on an item • Constituting local purchase committee • Monthly transfer statement to PSD • Tenders for procurement • e-Procurement (DGS&D)

  6. Retirement • Stocks that have outlived their life need to be condemned • Condemnation committee to be appointed to examine • Disposal of condemned items • Certain cases need replacement of condemned items

  7. Asset register • Watch the demo

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