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#3
18th May 2018, 04:36 PM
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| Re: IITK Central Store
The Stores & Purchase Manual of IITK (Indian Institute of Technology, Kanpur) outlines the procedures to be adopted for the purchase of various kinds of equipment and stores by Departments/Inter-disciplinary Programmes/Centres/Central Facilities/Units/Sections, both from Institutes main account and from the projects funds, but excludes the purchases to be made by the Central Library and the Institute Works Department. Classification of Stores Non-Consumable Stores (NCS): Stores satisfying any one of the following conditions shall be classified as non-consumable stores: (a) stores which are intended to be used over prolonged periods before becoming unusable, or obsolete, (b) stores having a significant disposal value, (c) stores which are sub-systems, or parts of an equipment, which can be potentially repaired and reused, and (d) stores which are either fabricated, or assembled equipment, and which if bought as a single item would have been classified Non-Consumable Stores. Limited Time Asset Stores (LTAS): Stores satisfying any one of the following conditions shall be classified as LTAS. (a) stores which have significant value when purchased but rapidly lose their value/relevance with the lapse of time and have very little or negligible disposal value, and/or (b) stores which can be upgraded either by replacing components/parts or which can be rendered obsolete by the release of new versions or editions. Consumable Store (CS): Stores satisfying any one of the following conditions shall be classified as CS: (a) stores which exhaust with lapse of time, (b) stores which are rendered unusable due to normal wear and tear, (c) stores which do not have significant disposal value, and (d) spares of equipment which do not fall either in the NCS or LTAS category. Stores & Purchase Manual of IITK (Indian Institute of Technology, Kanpur)    |