What is the materials transfer?
Direct transfer of surplus materials from one job or work-order to another is, as a rule, undesirable and should be discouraged as far as possible. It is, however, justified when an urgent job has to be completed and it is necessary to appropriate the surplus materials in order to avoid the delay which may be caused if the normal routine of returning the materials to stores and, then getting them re-issued is followed.
Material Transfer Note
All such transfers of materials must be accompanied by a Material Transfer Note which is signed by the foremen of the sending and receiving departments and forwarded to the costing office where the necessary adjustments shall be made in the respective job accounts.
Specimen/Format of Material Transfer Note
The specimen of a Material Transfer Note is given below: