NEHA PPT

Summer Training Report On Inventory Control Management : 

Summer Training Report On Inventory Control Management SUBMITTED BY:- Neha Kapoor M.B.A FINAL

INTRO OF ANAND GROUP: 

INTRO OF ANAND GROUP ANAND is a leading manufacturer of automotive components and systems in India. With a sales turnover of US $ 326 millions, it has the widest range of auto components, supplied to virtually every vehicle and engine producer in country. In 1961, Mr. Deep C. Anand, chairman of Automotive Systems, founded the group’s flagship company- MAHLE INDIA in Mumbai . VARIOUS COMPANIES UNDER ANAND GROUP PRULATOR INDIA LIMITED (NOW MAHLE FILTER SYSTEMS INDIA LTD.) MAHLE FILTERS SYSTEM INDIA LIMITED PERFECT CIRCLE INDIA LIMITED ANFILCO LIMITED ANCHENMCO LIMITED HENKEL TEROSON INDIA LIMITED FEDERAL MOGUL INDIA LIMITED

Introduction to company: 

Introduction to company MAHLE Filter Systems India was formed in 2005 as a result of the merger of the operations of Purolator India and MAHLE Filter Systems India. It is a joint venture between Anand Automotive Systems - and ARVIN MENTOR , USA – a global provider of integrated automotive systems with annual sales turnover of about 7 billion US $ .

PowerPoint Presentation: 

LOCATIONS OF PLANTS IN INDIA Companies: 19 Location: 13 Plants : 44

Product profile: 

Product profile

Inventory Control Management: 

Inventory Control Management Inventory mean all the materials ,parts ,finished product recorded on the books by an organizations And kept in its stocks ware houses for some period of time .it is an essential part of an organization inventory control is a technique of maintaining the size of the inventory at some desired level keeping in view the best economic interest of an organization.

Research Methodology: 

Research Methodology Research Design Steps of research methodology Sources of data Tools of data Objective of study Scope of study

Research Methodology: 

Research Methodology

Sources of data: 

Sources of data Primary data Secondary data Tools of data Inventory trend Percentage change in current assets Inventory turnover ratio Ratio to fixed assets to current assets Raw material turnover ratio

Objective of the study: 

Objective of the study To know the inventory control and Inventory management system of a MFSIL . To know how many type of material kept as inventory in the stores dept. To know how the different stock levels used for inventory control. To know how different inventory control techniques used practically which we read in books theoretically. To know how inventory management techniques helps in increasing profits.

Scope of study: 

Scope of study Inventory is approx. consist 90% of working capital. So inventory management is a part of working capital management. Inventory Mgt. is helps in increasing overall profits of the concern. Proper inventory management helps in meeting the unpredictable changes in demand and supply of materials. It facilitates continuous production and timely execution of sales orders

Data Analysis: 

Data Analysis Inventory turnover ratio YEAR Inventory (lakhs) Sales(lakhs) Ratio 2006 1050 15325 6.8 2007 965 17270 5.58 2008 2639 20665 12.7 2009 3592 25812 13.9 mean 2061.5 19768

RAW MATERIAL TURNOVER RATIO: 

RAW MATERIAL TURNOVER RATIO YEAR RAW MATERIAL(LAKHS) SALES (LAKHS) RATIO 2006 9634 15325 62.867 2007 13112 17270 75.92 2008 15890 20682 76.83 2009 19396 25818 75.12 MEAN 14508 19773.75 S.D 5471.57 6737.6

Techniques of Inventory: 

Techniques of Inventory Determination of Economic order quantity :- E.O.Q. is a fixed at a point where total cost of ordering and cost of carrying the inventory will be minimum. The quantity to be ordered should be such which minimize the ordering and carrying cost. E.O.Q =√2CO/I

PowerPoint Presentation: 

Company ’ s Annual usage = Rs 20, 00,000 Cost of placing and receiving one order = Rs 80 Annual carrying cost: 10% of inventory value Therefore, Economic order quantity: EOQ = √ 2*2000000*80 10% = 17888 units

A-B-C Analysis: 

A-B-C Analysis ABC analysis popularly known as “ Always Better Control” - Category A :- it includes high level of inventory Category B: -it includes medium level inventory Category C :- lower level inventory symbol Annual consumption Price per unit Annual usage Rank 1 5000 10 50000 1 2 650 10 6500 2 3 60 8 480 5 4 100 7 700 3 5 2000 .25 500 4 illustration

Interpretation: 

Interpretation Category A- includes items of A&B which is 75% of total consumption. Category B- includes item of C which is 15% of total consumption Category C- includes item of D&E which is 10 % of total consumption.

FINDINGS : 

FINDINGS 1.The study shows increasing trends in inventory. 2. The inventory has been increased to more three times during year 2006-2009 3. Mahle filter systems at present do not occupy good position in the filters industry. This is due to Increase in the competition. .Non-modernizations of the production method

SUGGESTIONS : 

SUGGESTIONS No purchase should be made till the old stock is disposed off. Worker participation in management should be encouraged. Training should be given to them so as to make them aware of new technologies. Proper inventory control techniques like ‘Economic Order Quantity’ or ‘Re-ordering levels’ should be followed to avoid shortages or surplus of materials.

CONCLUSION: 

CONCLUSION There should be proper preparation of various stock levels of most of the store items. The Stock verification procedure should be more scientific and proper co-ordination, communication among the plant, stores and finance and accounts dept. must be ensured for better results.

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QUERIES ?

PowerPoint Presentation: 

THANK YOU