study on inventory and material managements suresh

8/8/2019 Study on Inventory and Material Managements suresh

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Hubli Education Trusts

Institute Of Management Studies, Hubli

HUBLI EDUCATION TRUSTS

INSTITUTE OF MANAGEMENT STUDIESHUBLI

Project reportOn

Study on inventory and material management

SUBMITED TO SUBMITED BYROHIT.C.KALASKAR SURESH BABU.PDIRECTOR ACADEMIC REG NO MBA/08/62


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DECLARATION

I hereby declare that this project that report entitled a survey to

Study on inventory and material management

The project work has been prepared by me under the guidance of Mr. Rohit C. Kalaskar

director.

Place: Hubli

Date:

(Suresh Babu P)


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ACKNOWLEDGEMENT

It is my great privilege to express my sincere thanks to Institute of Management Studies Hubli

for providing us with all facilities to do this project. The same is happening with me when I am

desperately searching for words to thank the almighty god for making me an instrument to write

and prepare this project. I am thankful to Mr.Rohit.C Kalaskar for providing me support and

encourage making and presenting this project. Finally thanks to Mr.Rohit.C Kalaskar Sir without

his moral support this could not have been a great success for me.


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ABSTRACT

The survey to Study on inventory and material management is prepared under the guidelines of

Mr.Rohit C Kalaskar (Director and Faculty).

This project report provides a gathering of knowledge about demand of different in

Hubli city, as well as it also provides detail knowledge about the consumer preference towards

different logistic companies.

The land which opens up wide selection of opportunities for the logistics service providers across

the world is India. The high demand for the logistics services is due to the significant growth of

economy. A few years back the value of the India logistics market is $14 billion and will grow at

a rate of 7-8 per cent. The logistics companies in India cater to millions of retailers and meet the

requirements of about a billion people. The list below gives the name of the best logistics

companies in India.

Our analysis is based on sample results. It is a difficult task to gather the information

from respondents by meeting them personally in order to get questionnaire filled. There is a lot

of time pressure and sometimes unwillingness of respondents to respond.

Mr.Rohit C Kalaskar(DIRECTOR)


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INDEX

CHAPTER.1

y Introductiony Definition of inventoryy Definition of materialy Design of the studyy Statement of the studyy Objectives of the studyy Methodology(a)Size of the sample(b)Sampling design(c)Sample techniquey Data collectiony Hypothesis (Formula)y Geographical area of studyy Data analysisy LimitationCHAPTER.2

y An over view of the studyCHAPTER.3

y Opinion of the studyCHAPTER.4

y Survey of findings suggestion and conclusion


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Executive summery

The survey all about the understand inventory and material management.

Logistic; The Information Technology industry is, possibly, typical of the changing and

escalating logistic demands of various industries today, irrespective of their category as 'old' or

'new' economy. In the IT industry, the difference between success and failure is closely linked to

the supply/value chain integration, of which there are two distinct processes.

The delivery of goods to the customer in the most reliable transit period (and preferably the

shortest) possible 'Reliable' alludes to a certain guaranteed transit time for packages to reach

customers or the response that organisations need in the event of any exceptions.

The reverse flow of acknowledged, signed delivery records without which, in many cases,

recovery of bills are virtually impossible. Especially so in the case of companies placing multi-

location orders that could cover hundreds of cities

The most important objective or inventory control is to determine and maintain an optimum level

of investment in the inventory, Most companies have now successfully installed one or the other

system of inventory planning and control are used to develop inventory planning policies;

Studying inventory management can give way important improvements in both inventory cost

and customer service levels. In the context of a real case, this article illustrates the process of

assessing the opportunities and the benefits that can grow. These can give way near-term

improvements in both inventory investment and service level through implementing the right

inventory levels, without requiring significant changes to the supply chain. An effective

materials management plan builds from and enhances an institutional master plan by filling in

the gaps and producing an environmentally responsible and efficient outcome. An institutional

campus, office, or housing complex can expect a myriad of benefits from an effective materials

management plan. For starters, there are long-term cost savings, as consolidating, reconfiguring,and better managing a campus core infrastructure reduces annual operating costs.


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CHAPTER.1


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INTRODUCTION

Definition of inventory

Inventory can be defined as the quantity of material overweight spare parts and semi processedmaterial, which is stocked for the continuous running of the plants.

Inventory can also be defined as the ideal resources of any kind, which have economic value.

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, Consistent with the appropriate customer service level.

Originally this technique is adopted by customers who wanted to loose inventory from their

balance sheet, whilst still having it available, giving rise to bonded warehouses where the stock

was available but still belonged to the supplier until issued for use in the shop. However

suppliers then recognised that this gave them more opportunity for increasing value added

services by maintaining this stock for the customer. It also locked in the customer to a long term

arrangement. It is now widely recognised that the benefit is largely in the supplier's hands rather

than with the customer. Also care must be taken to ensure that the financial transfer of ownership

from supplier to customer is auditable, and that liability of risk of obsolescence in the event of

change is agreed.

In a lean organisation and to the inventory planner, the arguments are irrelevant, the stock is still

there and it should be minimized to improve the whole supply chain.Again, in the year 2000, I

wrote that warehousing is an increasing trend. At that time it applied to Distribution Centers

(DC's) to consolidate supplies for just in time customers for onwards delivery to point-of-use

destinations, primarily in the major automotive assemblers. This improves the logistics

congestion which can arise in feeding hundreds of different items per day to an assembly line.

However, now, out-sourcing is applied to many pre-assembly stores, most distribution networks

and is also being applied to raw materials.


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Design of the study

The design of the study determines the steps to be followed to conduct the study and the

important topics, which are to be covered in the study.

This research is carried out as per the steps of market research process. To meet the objectives

primary research is undertaken.

A detailed design of the study is considered to be necessary in order to compare the actual theorywith that observed in picture.

The basic study on attempt has been made to separate the various respondents on basis of their

age, income, education, profession and external factors.


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Statement of the problem

A survey study towards inventory and material management in Hubli City

Objectives

To analyze the inventory management system of the current system & generating an ideato 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.


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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


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Data collection method

PRIMARY DATA

Primary data is collected through a self administrated questionnaire using face-to-face interview

method. This questionnaire aims to gather information related to various logistic companies.

SECONDARY DATA

Secondary data is collected through magazines, research papers, internet etc.

Data collection

Questionnaire design

Data is collected by face-to-face questionnaire to the individuals. As the questionnaire is self

administrated one, the survey is kept simple and user friendly. Words used in questionnaire are

readily understandable to all respondent. Also technical jargons are avoided to ensure that there

is no confusion for respondents.

Definition of the Problem

The study of opportunity for inventory and material management at logistic companies in the

market is a number of different inventory and material management logistic companies in the

Hubli area. In one sense, we can say that it is determination of how much market captured by

different logistic companies


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Hypothesis

I am also a citizen of rural area. I use my experiences and perceptions as hypothesis towards to

made this project.

Geographical area of study

This geographical area is concerned to the where I conducted survey to analyze the inventory

management system of the current system & generating an idea to touch higher level of

competency in controlling the inventory.

I conducted survey on logistic companies in the Hubli City. GATI, VRL, and TCI

Limitations

While surveying I encounter with some problems like some people were not willing to respond

and few of them who responded were in hurry hence the active participation was lacking. Due to

which we faced difficulties in collecting information regarding our questionnaire.

Another problem which we face is that people were hesitating to give information about their

opinion. Except it, the sample size we have taken for survey is small and its a difficult task to

draw accurate conclusion or reach to an exact result on the basis of limited sample size.

Moreover, our investment is limited and time is also less to go in depth. Threats to us are that- as

people were hesitating to give their opinion and details so there is chance of error regarding

opinion.


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CHAPTER.2


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An over view of the study

History of Vijayanand Roadlines Private Limited

Founded in 1976 by Mr. Vijay Sankeshwar in Gadag, a small town in North Karnataka with a

single truck and a vision that is way ahead of its time VRL soon expanded its service to

Bangalore, Hubli and Belgaum. From this humble beginning VRL has grown into a nationally

renowned logistics and transport company which is currently the largest fleet owner in India with

a fleet of 2691 Vehicles (Including 196 hi-tech tourist buses &2495 Trucks) as of 15th August

2008.as published in the Limca Book of Records.

The proprietary concern subsequently converted into a partnership firm by the name of

M/s Vijayanand Roadlines in the year 1978. This partnership firm is then converted into a private

limited company under part IX of the Companies Act, 1956 under the name of Vijayanand

Roadlines Private Limited and a Certificate of Incorporation dated March 31, 1983 was issued by

the Registrar of Companies, Bangalore, and Karnataka. The Company became a deemed public

Limited Company in the year 1994 and an endorsement to this effect is made by the Registrar of

Companies, Bangalore, Karnataka on July 1, 1994, on the Original Certificate of Incorporation

dated March31, 1983. Pursuant to a special resolution passed by the Shareholders in the

Extraordinary General Meeting held on February 14, 1997 the status of our Company is

subsequently changed from a deemed public Limited Company to a public limited company. The

name of our Company is changed to VRL Logistics Limited and a fresh certificate of

incorporation, consequent on change of name, is granted to our Company on August 25, 2006 by

the Karnataka Our Company was initially in the business of transportation of goods and parcels,

subsequently it commenced the business of courier service in the year 1992. In the year 1996 the

Company acquired passenger busses and entered into an agreement with Vijayanand Travels a

proprietary concern started by Mrs. Lalita Sankeshwar in November 1996 for giving the said

vehicles on hire, to carry on the business of passenger service.Initially Vijayanand Travels is operating within the state of Karnataka only. Over a

period of time with the growth of its business, it began operating busses between destination in

Karnataka, Maharashtra and Tamil Nadu. The business of Vijayanand Travels is acquired by our

Company on June 30, 2004 for a total consideration of Rs 50,00,000. Our Company continued

with the same business as a separate division. Maruti Parcel Carriers is started as a proprietary


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concern by Mrs. Vani Sankeshwar, wife of Mr. Anand Sankeshwar in August 2001. This

business is started by taking vehicles on hire basis from our Company. On June 30, 2004, our

Company acquired the business of Maruti Parcel Carriers for a total consideration of Rs

50,00,000 and continued it in the name of Maruti Parcel Carriers which operates as a division of

our Company. Shiva Roadlines is started in the year 2003 as a separate division by our

Company. Shiva Roadlines provides service only in the state of Karnataka covering 6 cities.

Shiva Roadlines has 7 dedicated branches. It provides door to door services without routing it

through our transshipment hubs. It carries goods weighing more than two tones. The Company is

also in the business of Express Cargo Service. Our Company has recently diversified in the wind

power business in September 2006 and air charter business in 2007. Recently, we have

purchased premier 1A aircraft from Hawker Beech craft Incorporation, USA. Premier 1A is 2

pilots and 6 passenger seat aircraft

Over the years VRL has found in providing a safe and reliable delivery network in the field of

parcel service. It has spread its operations to Courier Service, Express Cargo & Aviation to meet

the growing demand of the burgeoning customer base.

3PL & Warehousing solutions offered by VRL are tailor-made and cater to unique needs of

various customers of the industry. With the largest network in India, the VRL parcel service is

indispensable for large number of corporate houses. This network spans the length and breadth

of the country and is supported by large number of transshipment hubs. VRL operates through a

network of 2629 Locations & 911 Branches, franchisees and our valuable customers. VRL is

now expanding its service to reach even the remote locations of the Country.

The efficiency of our fleet of vehicles hinges on our all inclusive state-of-the-art workshop cum

service complex at Hubli (Karnataka). Every vehicle of our fleet passes through this master

service facility so that they are at peak levels of performance, leading to better cost efficiencies

and time management.


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Mission

To provide the highest quality service to our customers by continuously increasing cost

efficiency and maintaining delivery deadlines. To encourage our employees / workforce to strive

for quality & excellence in everything they do. To promote team work and create a work

environment that takes care of talent and brings out the best in our employees.

Vision

To become the premier company that cuts across various segments and emerges as the

torchbearer of each segment that the Group ventures into.

Centralised Operations

At the core of the groups transport business is its 43 acre transport cum warehouse complex in

Varur, Hubli. This unique facility has all the essential back up services under one roof. The total

built up area of complex is 25,00,000 sq. ft. with an additional 1,00,000 sq. ft. of land utilized for

sheds and vehicle parking, This complex contains the Head office Building, Transshipments

Godown, Workshop, Canteen, Drivers Rest Room, own Diesel Bunk etc.

Corporate Social Responsibility

Our corporate integrity is a critical asset and we are committed to upholding it in everything we

do. We share our expectations and opinions and strive to maintain a workplace built on mutual

values, trust and goodwill & we continue to embed these ethical standards in our business

environment. Noteworthy is the Vignyan Yog Shivir that we organized that was conducted by

Param Pujya Ramdevji Maharaj which was attended by more than 10,000 people across the state


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Vijayanand Travels

"At the forefront of passenger Transport"

200Plus routes covering more than 50 destinations everyday. Market leader in Karnataka in private tourist operator segment Areas of Operation: Karnataka & Maharashtra states with 60-plus branches and wide-

spread network of 1000-plus agents.

Vijayanand Travels is the premier operator to extend service by hi-Tech & sleepercoaches even to remote places

Onwards & return journey booking facility Punctuality in timing and separate seating arrangement for ladies Well-maintained coaches with latest seating arrangement Double drivers on-board for safe & comfortable journey Relief bus facility on all routes in case of any unforeseen incidents

Vijayanand Travels, the tour operation division of VRL, is the market leader among tourist bus

operators in Karnataka and Maharashtra. It operates a huge fleet of buses on more than 200

routes and is supported by a network of 60 branches and 1000 agents. It has pioneered the

introduction of Hi-Tech buses on routes leading to remote parts of Karnataka, separate seating

arrangements for women on board, a choice of buses from ordinary buses to super luxury A/C

buses, check point to monitor vehicle movement, two drivers on the buses to prevent driverfatigue on long routes and enhance passenger safety and an E-Ticketing facility too.

Innovation Zone

To the skies VRL has set off on a new journey. In the primary phase, VRL has acquired a brand

new, Premier jet 1A aircraft, manufactured by Hawker Beech craft Corporation, USA. It will

offer luxurious comfort and the freedom to fly at a whim. This coupled with the legendary VRL

lineage; this venture will certainly touch the skies.

VRL Aviation

The journey over the last three decades is challenging and we have become more innovative. Our

Wind Energy project of 42.5 M.W. has been successfully commissioned.


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VRL Group Plans Expedition into Cement Business

Hubli-based transport tycoon, Vijay Sankeshwar, who operates Indias largest road transport

company, VRL Logistics Ltd, is foraying into cement manufacturing business. He has formed anew company, VRL Cements Ltd, with his son Anand Sankeshwar and other family members to

set up the cement unit. The company has proposed to set up a 2 million tone per annum

Greenfield cement plant for an investment of Rs 954 crore in north Karnataka.

We have submitted a proposal to Karnataka government which is developing a cement zone in

the Gulbarga and Bagalkot region. We have sought land from the state government. Once the

project is approved by the high level clearance committee and the land is allotted, we will

prepare a detailed project report for the path ahead, Vijay Sankeshwar, Chairman, VRL Group

told Business Standard.

He said, to begin with, he along with his son, will put in the promoters equity contribution of Rs

100 crore to start the project. The balance funds will be raised from the market to set up the

Greenfield cement plant. VRL Cements has sought 300 acres from the state government in

Badami taluk of Bagalkot district which has abundant reserves of limestone, a key raw material

for the cement industry. The companys proposal is presently awaiting the nod from the high-

level clearance committee. The cement facility is expected to create 180 jobs. As part of the

project, VRL has also proposed to set up a 50 Mw coal-based captive power plant.

Sankeshwar said VRL Cements plans to manufacture cement clinkers, Portland cement, Portland

slag cement, white cement among others. Initially, the company plans to market its products in

Karnataka, Goa, Maharashtra and Kerala. VRL Logistics is Indias largest road transport

company, which operates 1,620 vehicles (232 buses and 1,388 trucks). The company, which

reported a turnover of Rs 600 crore in 2008-09, is likely to end the present fiscal with a growth

of 15 per cent. The Karnataka government has approved 19 cement projects in the last three

years with a total capacity of 44 million tones per annum, including those of Lafarge of

Switzerland and Heidelberg from Germany. The state government expects to add at least 20

million tones of cement by the end of 2011.


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Intra State Transportation of Goods

Till now transportation of non industrial goods within the state is concentrated in the states of

Karnataka and Andhra Pradesh. We have already initiated steps to offer these services to intra

state transportation of goods within Maharashtra, Tamil Nadu, Kerala, Gujarat and others. Since

we have increased the network of branches and franchises throughout India we are now in a

position to offer intra state transportation of goods to our customers.

Renting out space on vehicles to corporate for advertisement

We provide space to corporate for advertising their products on our trucks. Since we cover many

states and cities through out India providing this kind of service to the corporate will help them

in displaying their products in cities as well as remote areas.


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Operations are divided into the following three segments

(i) Transport and logistics Business;

(ii) Wind Power Generation Business; and

(iii) Air charter business.

Operations

VRL Logistics Limited

Transport and Logistics Wind Power Generation Air Charter operations

Goods TransportationPassenger Travels Vijayanand

CourierLess than Full Truck Load (Parcel)Full Truck Load

Shiva RoadlinesGeneral ParcelMaruti Parcel CarriersExpress Cargo

AirRailRoad


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Few key features of E Commerce solutions

Online address book: store and re-use addresses

Track packagesSchedule a courier pick-up

Get customized rate quotes

Create customized shipment reports

Multiple Piece Shipping: send multiple packages on the same Air Waybill

Group shipping: Send the same shipment type to a group of different people without re- entering

the same information for each Air Waybill

Customized reports

Indian Address Validation Tool- ensures that customer-entered shipping addresses for the

destinations are correct at the time of order.

LOGISTICS COMPANIES OF INDIA

The land which opens up wide selection of opportunities for the logistics service providers across

the world is India. The high demand for the logistics services is due to the significant growth of

economy. A few years back the value of the India logistics market was is $14 billion and will

grow at a rate of 7-8 per cent. The logistics companies in India cater to millions of retailers and

meet the requirements of about a billion people. The list below gives the name of the best

logistics companies in India.

LIST OF TOP LOGISTICS COMPANIES OF INDIA

TNT EXPRESS:

This company is a key leader in the international market in the sector of global express services.

The company ensures safe and on time delivery of your documents, freight and parcels. The

company offers time and day definite delivery in about 200 nations across the world. It operates

47 jet freighter aircraft and 26,000 road vehicles and has a network of 2,300 companies.


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AFL:

One among the acknowledged leaders among the logistics companies in India is AFL. Through

its domain of logistics services, the company has delivered world class service in India. In 1979,

the company introduced the first ever courier service by forming an alliance with DHL World

Wide Express. The company offers services like Logistics and warehousing, Courier Company

and Custom Consultant.

DHL:

This company is one among the major logistics companies in India. It is a market leader globally

in overland transport, air freight and international express. The company ranks No.1 in the world

in contract logistics and ocean freight. The biggest logistics and express network in the world has

a network in about 220 territories and countries, 72,000 vehicles, 350 Aircrafts, 36 hubs and

4,700 bases.

BLUE DART:

This logistics company is South Asia's top integrated express package Distribution and Courier

Company. The domestic network of the company covers about 21,340 locations and provides

service to 220 countries by the company's sales alliance with DHL. It provides the best service

like Free Pick up from your location, Regulatory Clearances, Real Time Tracking, Free

Computerized Proof of Delivery etc.

GATI:

The company is a key leader in then arena of express cargo delivery and a significant one in the

supply chain management solutions and distribution in India since the year 1989.The company

provides services like the Warehousing, Express Cargo etc. Logistics Solutions of the company

are Warehousing, Supply chain Management. The Distribution Solutions of the company are

Gati Surface Express, Gati coast to coast, and Gati Air Express etc.


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SAFEXPRESS:

It is one of the largest express companies in India. The company offers the best and integrated

logistics solutions. In 2002 the Limca Book of Records declared the company as the Largest

Logistics service Provider in India. The company has a network over 550 locations in 28 statesand 7 countries. It has 3000 weather proof ISO-9002 vehicles.

ASHOK LEYLAND:

The leading provider of logistic vehicles for the India Army is this company. It is a key leader in

the tractor-trailers and multi axle trucks. The company manufactures buses, trucks, engines and

special application vehicles in India. It is promoting a new company called Ashley Transport

Services Ltd. for exchange of information and integrated services related to logistics in order to

tackle the business of freight contractors.

DTDC:

The biggest Domestic Delivery Network Company is DTDC. The company offers high class

delivery service in about 3700 Indian locations and 240 international places. The company

dispatches about 10 million parcels in a month. It also offers low cost for bigger parcels to US,

UK, India, Nepal, Dubai and other places across the world. SMS tracking to get the current status

of your consignment, send a SMS in the format 'DTDC Consignment No.' to the number:

9845324040. For Ex: DTDC D03033703 and SMS to 9845324040. This is valid for Reliance

phone too. Please provide one space between 'DTDC' and 'Consignment No.'

FIRST FLIGHT:

This logistics company in India specializes in courier services world wide. The multi-tracking

programs of the company are Domestic, International, First Wheels, First Wings and many

others. The overseas offices of the company are in Malaysia, Singapore, UK, US, UAE, Quatar,

Oman.


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TRANSPORT CORPORATION OF INDIA LIMITED

Founded in year 1958, Headquarters Gurgaon, Haryana, India, is a leading logistics company in

India. The whole corporation is composed of 6 general companies including TCI Freight, TCI

XPS, TCI Supply Chain Solution, TCI Global, TCI Seaways and TCI Foundation.TCI started

from one man, one office and one truck. TCI freight is a conventional transport company. This

provides the basic transportation facility in all over India TCI XPS is a express cargo division of

group TCI this division provides cargo services through road, rail and air with some value added

services. TCI Supply chains this division of group TCI provides single window solutions &

services across industry and services.


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CHAPTER.3


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Opinion of study

After a good deal of consumer survey and marketing research, I have collected a good collection

of data. The analyses of those datas are given as follows:-


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CHAPTER.4


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Findings

93% of respondents said that analysing the inventory management system is very muchnecessary but 7% of respondents have no proper knowledge about inventory management

system.

Its very good to say tat100% of respondents say that generating of new ideas to higherlevel of competency in controlling the inventory.

75% of respondents obey that resource planning system is required in managing theinventory.

Most of the respondents say that separate material management department is required inlogistic company.

Its really good to hear that 100% of respondents said both quality & fast service is theirmain 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 inventorymanagement system.


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Conclusion

The objective of this project is to build a program for maintaining the details of all

Supply Order .The system developed is able to meet all the basic requirements. It will provide

the facility to the user so that they can keep tracks of all the equipments being supplied. The

management of the Inventory will be also benefited by the proposed system, as it will automate

the whole supply procedure, which will reduce the workload. The security of the system is also

one of the prime concerns.


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HUBLI EDUCATION TRUST

INSTITUTE OF MANAGEMENT STUDIES HUBLI

This survey is a Study on inventory and material management to know the

common man reaction towards the highly consumable goods. This survey is for

academic purpose only and the data collected will be kept confidential.

SECTION -1

Name: ____________________ Date: - /04/2010

Address: ________________________________

________________________________

Age: 20-30 30-40 40-50 50-60

Gender: Male Female

Education qualification: Under graduation Graduation

Post graduation

Profession: Business man Govt Employee Pvt Employee

Student

Contact no: _______________________


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SECTION -2

1) Analyzing the inventory management system is necessary?Yes No

2) Is it necessary to generate an idea to touch higher level of competency incontrolling the inventory?

Yes No

3) Resource planning system is required in managing the inventory?Yes No

4) Separate material management department is required for logisticcompanies?

Yes No

5) Which is your companys main priority?1) Quality service 2) Fast service 3) Both

6) Equipment used for material handling?1) Fixed path equipment 2) Variable path equipment

7) Usage of compateresing is use full in material management on logisticcompanies?

Yes No

8) What type at inventory contra; system adapted in your logistic companies?1) Fixed order quantity system 2) Re-order level system

9) Which are the factors deciding efficiency of materials handling in yourlogistic company

1) Efficiency of handling methods 2) efficiency of layout


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BIBLIOGRAPHY

To conduct the study the information is been collected from following

sources

Logistic and material management books

MagazinesNewspaperInternet

study on inventory and material managements suresh

Documents