SYNOPSIS REPORT ON

INVENTORY, PURCHASE & PRODUCTION MANAGEMENT

AT VICTRANS ENGINEERS PVT. LTD.

COMPANY PROFILE

Victrans Engineers Pvt. Ltd. was founded in1989 by Mr. S. K. Dutta in Nag ur wit! an ob"ective of #a$ing instru#ent transfor#ers. Victrans Engineers Pvt. Ltd. roduces current transfor#ers and otentia% transfor#ers. &t not on%y roduces t!ese roducts but a%so rovides services for t!ese roducts. Victrans Engineers Pvt. Ltd. is %ocated in an industria% area of Nag ur ca%%ed 'ingna( M&D)( w!ic! is 1* $#s fro# +ero #i%e( Nag ur. ,!e roduct ranges of t!e co# any are as fo%%ows..$v Sing%e P!ase outdoor ty e current transfor#ers. //$v Sing%e P!ase outdoor ty e current transfor#ers. 110$v Sing%e P!ase outdoor ty e current transfor#ers. 1.1$v Sing%e P!ase outdoor ty e current transfor#ers. 110$v Sing%e P!ase outdoor ty e current transfor#ers. ..$v Sing%e P!ase outdoor ty e otentia% transfor#ers. //$v Sing%e P!ase outdoor ty e otentia% transfor#ers. 110$v Sing%e P!ase outdoor ty e otentia% transfor#ers. 1.1$v Sing%e P!ase outdoor ty e otentia% transfor#ers. 110$v Sing%e P!ase outdoor ty e otentia% transfor#ers.

INTRODUCTION OF VICTRANS ENGINEERS PVT. LTD.

Victrans Engineers Pvt. Ltd. #anufactures current and rovides services for t!ese otentia% transfor#ers and a%so roducts in t!e re2uired

roducts. &t #anufactures t!ese

s ecifications and standards. VEPL roduces transfor#ers w!ic! are used in different ub%ic and rivate sector organi+ations %i$e Ma!aras!tra State E%ectricity ,rans#ission )o. Ltd.( De%!i ,rans#ission )o. Ltd.( Kir%os$ar 3rot!ers Ltd.( Su+%on &nfrastructure Services Ltd.( Larson 4 ,ourbo Ltd. 5E)) division6. ,!e transfor#ers are of su erior 2ua%ity and e7tre#e%y durab%e. VEPL ays revenues to t!e govern#ent and a%so rovides e# %oy#ent to a %ot of eo %e.

QUALITY POLICY

8e ai# for #a7i#u# custo#er satisfaction by way of continua% i# rove#ent of t!e rocess 4 2ua%ity syste# of t!e organi+ation and targeted 2ua%ity ob"ective.

OUR WORD IS OUR BOND

9ur dea%ers are our artners to ractice t!is go%den ru%e in our re%ations wit! ot!ers.

INTEGRITY IS OUR COMMITMENT

,!e conduct of our co# anies: affairs #ust be ursued in a #anner t!at co##and res ect for !onesty and integrity.

CUSTOMERS OF VEPL
Ma!aras!tra State E%ectricity ,rans#ission )or oration Ltd. ;u"rat Energy ,rans#ission )or oration Ltd. Karnata$a Power ,rans#ission )or oration Ltd. Pun"ab State E%ectricity 3oard. 8est 3enga% State E%ectricity ,rans#ission )or oration Ltd. 'aryana Vidyut Prasaran Niga# Ltd. ,a#i% Nadu E%ectricity 3oard. )!attis!gar! State E%ectricity 3oard. Mad!ya Prades! Power ,rans#ission )or oration Ltd. 9rrisa Power ,rans#ission )or oration Ltd. <!ar$!and State E%ectricity 3oard. =.P. Power ,rans#ission )or oration Ltd. 3i!ar State E%ectricity 3oard. >nd!ra Prades! ,rans#ission )or oration Ltd. De%!i ,rans#ission )or oration Ltd. Nationa% ,!er#a% Power )or oration Ltd. Da#odar Va%%ey )or oration Ltd. >33 Power Syste# Distribution Syste#. >?EV>,4D &ndustries Ltd. S!ree# )a acitors Private Ltd. 3!ansa%i Engineers Po%y#ers Ltd. M@S S!a#anar Sugar Ltd. EriA,ec! Ltd. >s!tavinaya$a )onstructions. ,ec!no E%ectricity 4 Engineering )o# any. &ntegrated Powers Su %y. SKS &SP>, 4 Power Ltd. ,!e 'ig!A,ec! E%ectrica%s. Mavin Switc!gears 4 contro%. >;Power V ? Pati% 4 >ssociates. M@S <ay#as ,rade Lin$s. >3; E%ectrica% )onsu%tants. Vandana ;%oba% Ltd. Vestas 8ind Syste#s. E#co Ltd.

Larson 4 ,ourbo Ltd( E)) Division. Su+%on &nfrastructure Services Ltd. Sub!as! Pro"ects 4 Mar$eting Ltd. 'ig!A,ec! E%ectrica% Pvt. Ltd. Si##s Engineering:s. S!ree ?enu$a Sugars. 3!arat 3i"%ee Ltd. ,ec!nica% >ssociates. Ster%ing 4 8i%son Pvt. Ltd. Kintec! Synergy Pvt.Ltd. S!ya# Stee% &ndustries. )osta% Pro"ects Pvt. Ltd. Prin+ Engineers &ndia. ,raders E%ectrica%s. 3rig!t Power Pro"ect Pvt. Ltd. S!a%a$a &nfroAtec!. )ontinenta% &ndustries. ,ec!no E%ectrica% 4 Engineering. ?ayc!e# ?;P Ltd. 3!arat 3i"%ee Ltd.

INTRODUCTION
Prod !"#o$ can be defined as t!e #anufacturing of goods and services( in re2uire#ent( #anufacturing rocess( order riority 4rig!t 2ua%ity. I$%&$"or#&' are t!e stoc$ of raw #ateria%s of any $ind t!at are stored for future use( #ain%y in roduction rocess. &nventory #anage#ent is t!e forecasting of ana%ysis and #ode%ing( inventory sti#u%ation. &nventories are #ateria%s or resources of any $ind !aving so#e econo#ic va%ue and #anage#ent of t!ese are ca%%ed inventory #anage#ent. T(&r& )r& d#**&r&$" "+,&' o* #$%&$"or#&' -(#!( )r& )' *o..o-'-A ?aw #ateria% inventory. &n rocess inventory. M ? 9 inventory. Binis!ed goods inventory. &n transit inventories. Lot si+ed inventories. ,!ese are t!e ty es of inventories w!ic! are to be #anaged w!ic! are ca%%ed &nventory #anage#ent. roduction #anage#ent different t!ings s!ou%d be $e t in #ind w!ic! is deter#ination of roduction

Purc!ase #anage#ent consists of #anage#ent of a%% urc!asing or rocuring activity of t!e organi+ation in ter#s of raw #ateria% and se#i finis!ed #ateria% for furt!er activity. P r!()'#$/ 0)$)/&0&$" do$& 1+ d#**&r&$" or/)$#2)"#o$' "(ro /( 0&"(od' -(#!( )r& )' *o..o-'-A >ccording to re2uire#ent buying. Sc!edu%e buying. Borward buying. S ecu%ative buying. )ontract buying. 3%an$et orders. ,ender buying. ,!ere is a vita% need for integration so t!at custo#ers can ac!ieve t!eir trans ortation re2uire#ents w!i%e #a7i#i+ing t!e va%ue of #oney s ent in getting t!eir goods to #ar$et. ,!ey re2uire better use of e7isting assets and industry coo eration( and greater co# etition. )o# anies ai#ing to be an integrated so%utions rovider !ave to tac$%e t!is by e7tending t!eir su %y c!ain ca abi%ities. '#$/ d#**&r&$" roduction

I$%&$"or+ Co$"ro.
Successfu%( we%% organi+ed businesses re%y !eavi%y on inventory #anage#ent syste# to #a$e certain t!at ade2uate inventory %eve%s are on !and to satisfy t!eir custo#ers de#and. ,!e inventory contro% #odu%e for t!e business accounting syste# rovides t!is %eve% of contro% by offering !ig! end features nor#a%%y reserved for %arge co# anies inc%uding #anufacturing ca abi%ities( seria% nu#ber trac$ing and #u%tiAware !ouse su ort. &nventory contro% even

features and i#age %ibrary t!at a%%ows you to assign a icture to eac! art. &# roved custo#er service %eads to increased rofitabi%ity. >nd w!en integrated wit! t!e accounts receivab%es and order entry #odu%es( inventory contro% can significant%y boost your service %eve% w!i%e o erating as t!e cornerstone of an effective #anufacturing or distribution so%ution. Bor #ore co# %e7 ro"ect #anage#ent( inventory contro% can be cou %ed wit! t!e "ob cost #odu%e to !e% trac$ a%% inventory re%ated e7 enses for a ro"ect. &nventory trac$ing is en!anced even

#ore w!en integrated wit! t!e custo# office #odu%e( w!ic! creates detai%ed s read s!eet to rovide furt!er ana%ysis of inventory erfor#ance. ,!e inventory contro% syste# offers

co# re!ensive re orting ca abi%ities to to of inventory status. &t can !e% to bring about t!e creation of i# roved urc!asing o%icies( ricing #et!ods( even en!anced custo#er service. T(& *o..o-#$/ 0&"(od' !)$ 1& )do,"&d "o %). & "(& r)- 0)"&r#).C BirstA&nABirstA9ut 5B&B96- 8!en a fir# ado ts t!e B&B9 #et!od to rice its raw #ateria%( t!e issue of #ateria% fro# t!e stores wi%% be in t!e order w!ic! it was received. ,!us t!e ricing wi%% be based on t!e cost of #ateria% t!at was obtained first. C LastA&nABirstA9ut 5L&B96- &n t!e L&B9 #et!od( t!e #ateria% issued wi%% be riced based on t!e #ateria% t!at !as been urc!ased recent%y. C 8eig!ted >verage )ost Met!od- ,!e ricing of #ateria%s wi%% be a%one on weig!ted average basis 5weig!ts wi%% be given based on t!e 2uantity6. C Standard Price Met!od- Materia% is riced based on a standard cost( w!ic! is redeter#ined. 8!en t!e #ateria% is urc!ased t!e stoc$ account wi%% be debited wit! t!e standard rice. ,!e difference between t!e urc!ase rice and t!e standard rice wi%% be carried into a variance account. ?e %ace#ent @ )urrent Price Met!od- &n t!is #et!od #ateria% is riced at t!e va%ue t!at is rea%i+ab%e at t!e ti#e of t!e issue.

OB3ECTIVES OF THE STUDY

,!is being a art of t!e E%ectrica% and ,ec!no%ogy sector so t!e #ost i# ortant t!ing in t!is sector is t!e 2ua%ity roduct 4 ro# t de%ivery of t!e #ateria%s. &n t!is regard t!e roduction( urc!ase 4 inventory de art#ent of any organi+ation T(& O14&!"#%&', 1&(#$d "(& '" d+ )r& )' $d&r56 1. ,o $now !ow urc!ase( roduction 4storage of roducts and t!e infor#ation re%ated to t!e roduct ta$es %ace in t!e co# any. 1. study t!e e7isting roduction strategy( ado ted by Victrans Engineers Pvt. Ltd. ..,o study t!e strengt! and wea$ness of e7isting strategies. *. ,o study t!e effectiveness of %ogistics strategic in t!e #ar$et. D. ,o study t!e #easures to overco#e t!e wea$ness fro# t!e e7isting strategies. %ays t!e #ost i# ortant ro%e.

R&'&)r!( 0&"(odo.o/+
?esearc! #et!odo%ogy is a way to syste#atica%%y so%ve t!e researc! rob%e#. &t #ay be

understood as a science of studying !ow researc! is done scientifica%%y. 8!y a researc! study !as been underta$en( !ow t!e researc! rob%e# !as been defined( in w!at way and w!y t!e !y ot!esis !as been for#u%ated( and w!at data !ave been co%%ected and w!at articu%ar

#et!od !as been ado ted( w!y articu%ar tec!ni2ue of ana%y+ing data !as been used and a !ost of si#i%ar ot!er 2uestions are usua%%y answered w!en we ta%$ of researc! #et!odo%ogy concerning a researc! rob%e# or study.

R&'&)r!( d&'#/$56
> researc! design serves as a bridge between w!at !as been estab%is!ed 5t!e researc! ob"ectives 6 and w!at is to be done ( in t!e conduct of t!e study. &n t!is ro"ect t!e researc! done wi%% be conc%usive nature. )onc%usive researc! rovides

infor#ation t!at !e% s in #a$ing a rationa% decision. Descri tive design wi%% be c!oose to #easure t!e satisfaction %eve% of roduction on t!e basis of

different

ara#eters suc! as wor$ing of #ac!ines( 2ua%ity( s$i%%ed wor$ers( ,ec!no%ogy(

&ntensive to wor$ers etc. ,!is design wi%% ensured c%arity and accuracy it a%so insured #ini#u# bias in co%%ection of data and reduced error in data inter retation. Statistica% #et!od wi%% be fo%%owed in t!is researc! because t!e data was descri tive nature and is a%so enab%ed accurate genera%i+ation.

SOURCES OF DATA

Pr#0)r+ D)")
Pri#e data are t!ose w!ic! are co%%ected a fres! and for t!e first ti#e( and t!us !a en to be origina% in c!aracter it was co%%ected t!roug! fo%%owing ways 16 &nterview 16 9bservation.

S&!o$d)r+ D)")
Secondary data are t!ose w!ic! !ave a%ready been co%%ected by so#eone e%se and w!ic! !ave a%ready been assed t!roug! t!e statica%%y rocess t!e data were co%%ected in t!e for# in co# any rofi%e and roduce rofi%e t!roug! fo%%owing ways 16 &nternet 16 News a ers .6 <ourna%s

RESEARCH INSTRUMENTS5
&ndustria% visit wi%% be used as it !e% ed to re are t!is ro"ect. ,!e res ective de art#ents and t!e net wi%% a%so be !e% fu% in co%%ecting data.

SAMPLE DESCRIPTION5
SAMPLE DESIGN ,!e universe- A ,!is consist t!e wor$ers( e# %oyees and t!e roduction de art#ent.

SAMPLE METHOD ,!e sa# %ing #et!od used for t!e se%ection of t!e wor$ers and e# %oyees wi%% be e7 ert "udg#enta% sa# %ing. SAMPLE SI7E ,!e nu#ber of res ondents interviewed wi%% be 100 METHOD OF COLLECTION56 Data wi%% be co%%ected t!roug! 2uestionnaire( industria% visit and fro# de art#ents. Euestions inc%uded are of bot! ty es o en ended and c%ose ended. &n t!ese Euestionnaire wi%% not se%f ad#inistered, & wi%% as$ed 2uestions fro# various eo %e in t!e %ogistic unit and t!en & wi%% note a%% t!e answers of 2uestions.

BIBLIOGRAPHY

Materia%s and %ogistics #anage#ent by L.).<!a#b( Nira%i Pra$as!an Purc!asing and #ateria% #anage#ent by ;o a%$ris!nan Materia% Manage#ent by Dutta > te7t boo$ of Purc!ase #anage#ent by L.).<!a#b( Nira%i Pra$as!an www.victransengineers.co#

QUESTIONNAIRE
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