HUBLI EDUCATION TRUST’S

INSTITUTE OF MANAGEMENT STUDIES HUBLI

 

  

Project presentation
On
“Study 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 Wind Power Generation Air Charter operations
Logistics

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 No

7%

93%
70
Equipment used for material handling?

60

50

40

30

20

10

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