Inventory Management Internship: A Study On Inventory Management

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INTRODUCTION

INTRODUCTION ABOUT THE INTENSHIP

Internship is an internal part of the academic curriculum of VTU MBA. It is an initiative to bridge the gap between knowledge and the application through a series of interventions that will enable student of VTU MBA program to gain insights and exposure to the industry. The 10 weeks internship has been positioned during 4th semester with graduate of a high caliber who are ready to get ahead in the world from day one.

TOPIC CHOOSEN FOR STUDY

The study on ‘‘INVENVENTORY MANAGEMENT with reference to Ginger construction plant pvt ltd’’.

NEED FOR THE STUDY

The increasing complexity of the task of managers and administrators brought into light the necessity of effective inventory management. Management …show more content…

For gathering secondary data, the annual reports, periodicals, journals and stores records and manuals were used. It also includes data from accounts department and also information through internet.

LITERATURE OF REVIEW

In today’s world every business tries to strike a balance in inventory between what is needed and what is demanded, considering the major factor of cost cutting/reduction. This control is called Inventory management or inventory control. Inventory is basically assets (goods and materials) which are stock of any business.
Inventory management focus on the capacity of the inventory, the place in which it is located so that one can use it when needed, the supply chain management of the raw materials and goods.
Inventory management deals with the demand forecasting, asset management of the raw materials and goods, inventory carry cost, forecast, pricing of goods, validation of goods, to forecast the demand of future.
This helps the top level manger to understand and coordinate with the supply chain management or production management, and quality …show more content…

ARTICLE 2. An Analytical Study on Inventory Management in Commercial Vehicle Industry in India BY Dr. Srinivasa Rao Kasisomayajula KLUBS, Koneru Laxmaiah University, Vaddeswaram, Guntur

Objectives of the study is the present study attempts to achieve the following objectives.
1. To study the size of inventory of the selected units in Indian commercial vehicle Industry.

2. To examine the composition of inventory in these units.

3. To know the circulation of inventory in these units.

4. To study the growth of inventory in these units.

It is evidently proved through strong correlation between inventory and sales. FML‟s average growth rate of sales has been more than the growth rate of inventory which indicates that very good administration of inventory, but the moderate correlation registered between sales and

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