Study on Inventory and Material Management suresh
Content
HUBLI EDUCATION TRUST¶S
INSTITUTE OF MANAGEMENT STUDIES HUBLI
Project presentation On ³Study on inventory and material management´ Presented by Suresh Babu .P
INDEX
Introduction Definition of inventory Definition of material Objectives of the study Methodology Data collection Geographical area An VRL over view Opinion of the study Survey of findings suggestion and conclusion
INTRODUCTION AND DEFINITIONS
Definition of inventory; Inventory can be defined as the quantity of material overweight spare parts and semi processed material, which is stocked for the continuous running of the plants. Definition of material ; Material management is a total concept involving an organizational structure join into a single responsibility the systematic flow and control of material from identification of the need through customer delivery Introduction: The most important inventory control is to determine and maintain an optimum level of investment in the inventory and an effective materials management plan builds from master plan by filling in the gaps.
OBJECTIVES
To analyze the inventory management system of the current system & generating an idea to touch higher level of competency in controlling the inventory. To analyze the current enterprise resource planning system in managing the inventory. To analyze the industrial sufficiency in managing the inventory. To get a practical industrial exposure.
Research methodology
SAMPLE DESIGN SAMPLE UNIT: - All working people are included both the genders i.e. males and females irrespective of their education level. SAMPLE SIZE: - 20 SAMPLE REGION: - Hubli city SAMPLING PROCEDURE: - Random Sampling
Data collection method
Primary data Secondary data Data collection Geographical area
over view
History of Vijayanand Roadlines Private Limited Founded in 1976 March 31, 1983 In the year 1996 Shiva Roadlines was started in the year 2003 wind power business in September 2006 air charter business in 2007 the largest fleet owner in India with a fleet of 2691 Vehicles (196 &2495) as of 15th August 2008.as published in the Limca Book of Records.
over view
Intra State Transportation of Goods Operations VRL Logistics Limited
Transport and Logistics Wind Power Generation Air Charter operations
Passenger Travels Vijayanand
Goods Transportation
Full Truck Load
Less than Full Truck Load (Parcel)
Courier
Express Cargo
Maruti Parcel Carriers
General Parcel
Shiva Roadlines
Road
Rail
Air
Opinion of the study
Analyzing the inventory management system is necessary?
Yes 7% No
93%
Equipment used for material handling?
70 60
50
40
30
20
10
0
Fixed path equipment
Variable path equipment
What type at inventory control system adapted in your logistic companies?
Fixed order quantity system Re-order level system
30%
70%
Findings
It s very good to say tat100% of respondents say that generating of new ideas to higher level of competency in controlling the inventory. 75% of respondents obey that resource planning system is required in managing the inventory. Most of the respondents say that separate material management department is required in logistic company. It s really good to hear that 100% of respondents said both quality & fast service is their main priority.
Suggestion
A company has to conduct development programs to their employees to update them. Logistic companies should recognise that resource planning system is required in managing the inventory. Maintaining separate material management department is good for inventory management system.
Conclusion
The objective of this project was to build a program for maintaining the details of all Supply Order . The system developed is able to meet all the basic requirements.
THANK YOU
INSTITUTE OF MANAGEMENT STUDIES HUBLI
Project presentation On ³Study on inventory and material management´ Presented by Suresh Babu .P
INDEX
Introduction Definition of inventory Definition of material Objectives of the study Methodology Data collection Geographical area An VRL over view Opinion of the study Survey of findings suggestion and conclusion
INTRODUCTION AND DEFINITIONS
Definition of inventory; Inventory can be defined as the quantity of material overweight spare parts and semi processed material, which is stocked for the continuous running of the plants. Definition of material ; Material management is a total concept involving an organizational structure join into a single responsibility the systematic flow and control of material from identification of the need through customer delivery Introduction: The most important inventory control is to determine and maintain an optimum level of investment in the inventory and an effective materials management plan builds from master plan by filling in the gaps.
OBJECTIVES
To analyze the inventory management system of the current system & generating an idea to touch higher level of competency in controlling the inventory. To analyze the current enterprise resource planning system in managing the inventory. To analyze the industrial sufficiency in managing the inventory. To get a practical industrial exposure.
Research methodology
SAMPLE DESIGN SAMPLE UNIT: - All working people are included both the genders i.e. males and females irrespective of their education level. SAMPLE SIZE: - 20 SAMPLE REGION: - Hubli city SAMPLING PROCEDURE: - Random Sampling
Data collection method
Primary data Secondary data Data collection Geographical area
over view
History of Vijayanand Roadlines Private Limited Founded in 1976 March 31, 1983 In the year 1996 Shiva Roadlines was started in the year 2003 wind power business in September 2006 air charter business in 2007 the largest fleet owner in India with a fleet of 2691 Vehicles (196 &2495) as of 15th August 2008.as published in the Limca Book of Records.
over view
Intra State Transportation of Goods Operations VRL Logistics Limited
Transport and Logistics Wind Power Generation Air Charter operations
Passenger Travels Vijayanand
Goods Transportation
Full Truck Load
Less than Full Truck Load (Parcel)
Courier
Express Cargo
Maruti Parcel Carriers
General Parcel
Shiva Roadlines
Road
Rail
Air
Opinion of the study
Analyzing the inventory management system is necessary?
Yes 7% No
93%
Equipment used for material handling?
70 60
50
40
30
20
10
0
Fixed path equipment
Variable path equipment
What type at inventory control system adapted in your logistic companies?
Fixed order quantity system Re-order level system
30%
70%
Findings
It s very good to say tat100% of respondents say that generating of new ideas to higher level of competency in controlling the inventory. 75% of respondents obey that resource planning system is required in managing the inventory. Most of the respondents say that separate material management department is required in logistic company. It s really good to hear that 100% of respondents said both quality & fast service is their main priority.
Suggestion
A company has to conduct development programs to their employees to update them. Logistic companies should recognise that resource planning system is required in managing the inventory. Maintaining separate material management department is good for inventory management system.
Conclusion
The objective of this project was to build a program for maintaining the details of all Supply Order . The system developed is able to meet all the basic requirements.
THANK YOU
