Documenti di Didattica
Documenti di Professioni
Documenti di Cultura
Submitted By,
K.PRASANNA
Register Number: 710012631063
Submitted To,
Dr.PREMAPRIYA In partial fulfillment for the award of the degree MASTER OF BUSINESS ADMINISTATION Anna University Chennai, Regional Centre, Coimbatore, Jothipuram (po), Coimbatore 641047.
Serial No:
1 2 Acknowledgement Introduction Of The Organizational Study 3 4 Concept Of Study Principles & Importance Of Study Objective & Scope Of Study Methodology
SWOT Analysis Introduction Of The Company History Of Company History Of Indian Textile Industry Country-wise Analysis Market Size Infrastructure Management & Team Certification & Strength
Company Profile Vision, Mission, and Values Organizational Structure Department-wise Objectives
Serial No
7
Content
Page No:
Admin & Operation Department Finance Department Marketing Department Quality Control Department Stores Department
8 9
Purchase Department & Yarn Purchase Production Department Yarn Purchase, Dyeing, Bleaching, Finishing
10
11
Finance & Accounts Department Roles & Responsibilities Of Function Of Finance Department
12
13 14 15 16
ACKNOWLEDGEMENT:
First and foremost, I thank the Lord Almighty for his perpetual showers of blessings, which led to the successful completion of my project. I take this opportunity to express my deep sense of gratitude to all those who have helped me throughout this organizational study. It gives me immense pleasure to acknowledge all those who have rendered encouragement and support for the successful completion of this work.
I would like to convey my sincere thanks for giving me proper directions and suggestions and make use of this opportunity to express my heartfelt gratitude to Mr. G.SRI PRASATH, (HR manager, ATLAS EXPORT ENTERPRISES) for providing me all the faculties for making my project a successful one. I express my deep sense of gratitude to Dr. PREMAPRIYA the faculty of ANNA UNIVERSITY COIMBATORE for encouraging and inspiring me for developing the project.
Our project work involved many people at different stages. We would like to thank all those who have directly or indirectly contributed to the success of our project. We also take this opportunity to express profound gratitude to our parents, family members and several people who have contributed for the successful completion of the project. It is our duty and pleasure to acknowledge them.
INTRODUCTION OF THESTUDY
Organizational Functioning is an important factor for any Organization to achieve the desired goals and Objectives. This requires Co-ordination at all levels to smooth functioning. This report aims to understand the Function of ATLAS EXPORT ENTERPRISES relation to different departments. As a part of two year MBA program at the end of 1st semester, we had to carry on a project in an organization in order to understand the organization structure and their functions. This was a great opportunity to get the first hand information and understand the functioning of the various departments. I did my Organization Study at ATLAS EXPORT ENTERPRISES. It was a great learning experience as it is quite necessary for all the management students. The main purpose of doing the organization study was to study the various departments of the organization and understand their basic functions, their purpose, achievements, competitors and the mission and vision of the company and their progress towards that. All general information we get in course is all book knowledge, on which we entirely cannot depend. It is very important to observe the actual working of an organization and the overall structure of an organization. The actual professionalism can be studied only through experience.
CONCEPT OF ORGANIZATION:
Organization is the process of Identifying and grouping the work to be performed Defining and delegating responsibility and authority Establishing the relationship for the purpose of enabling people to work efficiency together in accomplishing objectives.
PRINCIPLES OF ORGANIZATION:
Principle means the theoretical basis on which something is built up. The theoretical basis is formulated from fundamental truth. Some of the important principles to be followed for developing round and efficient organizations are: Principle of unity of objective. Principle of specification. Principle of co-ordination. Principle of unity of command. Principle of span of control. Principle of exception. Principle of flexibility. Principle of simplicity. Principle of communication. Principle of efficiency.
IMPORTANCE OF AN ORGANIZATION: Significance of the organization in any institution may be discussed as below: It ensures optimum use of human resources. It establishes persons with different interests skills, knowledge and viewpoints. It stimulates creativity. A sound and well-conceived organization structure is the source of creative thinking and initiation of new ideas. Use of improved technology good organization provides for optimum use of technological improvements. Co-ordination in the enterprise in a good organization, the different departments perform their functions in a closely related manner. Executive development the pattern of an organization structure has strong influence on the development of executives. It ensures cooperation among workers. A good organization promotes mutual goodwill and cooperation among workers also.
The products are reached to the customer in correct time and correct place.
The study focus on the overall structure of the organization. In this study, the researcher analyzed the overall functioning of the firm and also the financial performance of the enterprise. The researcher made a moderate attempt to have the SWOT analysis of the study.
PRIMARY DATA - Primary data were collected from discussions with the Managerial head of the various departments. SECONDARY DATA - Secondary data were obtained from the annual report, from the website and other concerned books.
LIMITATIONS OF ORGANISATIONAL STUDY Difficulty in meeting with all the Top level Officials. Certain areas are restricted, so a detailed study is not possible. Time allotted for the study is insufficient.
ANALYSIS
Strengths:
Indian Textile Industry is an Independent & Self-Reliant industry. Abundant Raw Material availability that helps industry to control costs and reduces the lead-time across the operation. Availability of Low Cost and Skilled Manpower provides competitive advantage to industry. Availability of large varieties of cotton fiber and has a fast growing synthetic fiber industry. India has great advantage in Spinning Sector and has a presence in all process of operation and value chain
Weaknesses:
Indian Textile Industry is highly Fragmented Industry. Industry is highly dependent on Cotton. Lower Productivity in various segments. There is Declining in Mill Segment. Lack of Technological Development that affect the productivity and other activities in whole value chain. Infrastructural Bottlenecks and Efficiency such as, Transaction Time at Ports and transportation Time. Unfavorable labor Laws. Lack of Trade Membership, which restrict to tap other potential market.
Opportunities:
Growth rate of Domestic Textile Industry is 6-8% per annum. Large, Potential Domestic and International Market. Product development and Diversification to cater global needs. Elimination of Quota Restriction leads to greater Market Development. Market is gradually shifting towards Branded Readymade Garment. Increased Disposable Income and Purchasing Power of Indian Customer opens New Market Development. Emerging Retail Industry and Malls provide huge opportunities for the Apparel, Handicraft and other segments of the industry.
Threats:
Competition in post-2005 is not just in exports, but is also likely within the country due to cheaper imports of goods of higher quality at lower costs. Standards such as SA-8000 or WARP have resulted in increased pressure on companies for improvement of their working practices. Alternative competitive advantages would continue to be a barrier.
TAMIL NADU, INDIA. TEL: 91 4324 274303/ 274404 MOBILE: 91 98946 30406 FAX: 91 4324 231606/ 232404 admin@atlas.in www.atlas.in
HISTORY
Atlas Export Enterprises was established in the year 1978 in the South Indian town, Karur and it is one of the first 20 companies emerged for home textile products in this part of South India.
Atlas products are known for their innovative designs, which are a unique blend of traditional and modern trends and our products are made out of finest cotton and also hand woven to perfection in profusion of delightful colors and designs.
Atlas, over the years, has been a quintessence of the demanding virtues of the international market by its commitment for Absolute quality in every transaction, time-bound delivery, irrespective of the volumes, Lasting Impressions in terms of work ethics, Affordable yet competitive pricing & Stunning display of world-class designs.
The history of textiles in India dates back to nearly five thousand years to the days of the Harappa civilization. Evidences that India has been trading silk in return for spices from the 2nd century have been found. This shows that textiles are an industry which has existed for centuries in our country. Recently there has been a sizeable increase in the demand for Indian textiles in the market. India is fast emerging as a competitor to China in textile exports. The Government of India has also realized this fact and lowered the customs duty and reduced the restrictions on the imported textile machinery. The intention of the governments move is to enable the Indian producers to compete in the world market with high quality
products. The results of the governments move can be visible as Indian companies like Arvind Mills, Mafatlal, Grasim; Reliance Industries have become prominent players in the world. The Indian textile industry is the second largest in the world-second only to China. The other competing countries are Korea and Taiwan. Indian Textile constitutes 35% of the total exports of our country.
The history of apparel and textiles in India dates back to the use of mordant dyes and printing blocks around 3000 BC. The foundations of the India's textile trade with other countries started as early as the second century BC. A hoard of block printed and resist dyed fabrics, primarily of Gujarati origin, discovered in the tombs of Foster, Egypt, are the proof of large scale Indian export of cotton textiles to the Egypt in medieval periods. During the 13th century, Indian silk was used as barter for spices from the western countries. Towards the end of the 17th century, the British East India Company had begun exports of Indian silks and several other cotton fabrics to other economies. These included the famous fine Muslin cloth of Bengal, Orissa and Bihar. Painted and printed cottons or chintz was widely practiced between India, Java, China and the Philippines, long before the arrival of the Europeans. India Textile Industry is one of the largest textile industries in the world. Today, Indian economy is largely dependent on textile manufacturing and exports
MILESTONES:
Exports of textiles and clothing products from India have increased steadily over the last few years, particularly after 2004 when textiles exports quota stood Discontinued. Indias Textiles & Clothing (T&C) exports registered a robust growth of 25% in 2005-06, recording a growth of US$ 3.5 billion over 2004-05 in value terms thereby reaching a level of US$ 17.52 billion and the growth continued in 2006-07 with T&C exports of US$19.15 billion recording a increase of 9.28% over the previous year and reached USD 22.15 billion in 2007-08 denoting an increase of 15.7% but declined by over 5% in 2008-09. Exports of Textiles & Clothing grew from USD 21.22 billion in 2008-09 to USD 22.41 billion in 2009-10 and has touched USD 27.47 billion in 2010-11. In the financial year 2011-12(P), exports of textiles and clothing, has grown by 20.05% over the financial year 2010-11 to touch USD 33.31 billion. Textiles exports in the period 2012-13 are witnessing a(-) 4.82 percent growth in dollar terms although there is 8.10 percent growth in rupee terms. The details of Indias textiles exports, principal commodity item-wise during the last three years and current financial year for the period 2012-13 . During the year 2012-13, Readymade Garments account for almost 39% of the total textiles exports. Apparel and cotton textiles products together contribute nearly 74% of the total textiles exports. Indias textiles products, including handlooms and handicrafts, are exported to more than a hundred countries. However, the USA and the EU, account for about two-thirds of Indias textiles exports. The other major export destinations are China, U.A.E., Sri Lanka, Saudi Arabia, Republic of Korea, Bangladesh, Turkey, Pakistan, Brazil, Hong-Kong, Canada and Egypt etc.
product (68.51%), Coir & Coir Manufactures (40.49%), Cotton Textiles (37.23%), Man-made textiles (25.99%), RMG (24.80%), Wool & Woolen textile (20.97%) and Jute (4.72%). In US$ terms the surge during 2011-12 (P) registered in Handloom product (60.09%), Coir & Coir Manufactures (33.46%), Wool & Woolen textile (14.93%), Man-made textiles (19.69%), RMG (18.56%), Cotton Textiles (30.37%) and Jute (-0.52).
(b) L YEAR TEXTILES CLOTHINGS ates t Trend during the period 2012-13 (P) The total textile exports during 2012-13 (P) were valued at Rs 172494.71 crore as against Rs 159570.55 crore during the financial year 2011-12, registering an increase of 8.10 percent in rupee terms. In US dollar terms, the same was valued at US$31705.53 million (2012-13, P) as against US$33310.21 million during the corresponding period of financial year 2011-12 registering a decline of 4.82 percent.
World Export
Indias Exports
Indias %age share in world exports 3.51 3.90 4.30 4.06 4.12 4.32 5.13 5.13
World Export
Indias Exports
Indias %age share in world exports 2.57 3.00 3.30 2.86 3.15 3.62 3.13 3.48
The latest available data released by WTO Secretariat, the values of top ten exporters of textiles & clothing in the world in calendar year 2012 are given below:
Textiles (2011)
Clothing (2011)
Rank
Value
Rank
Value
1 2 3
94 77 15
1 2 3
154 116 25
4 5 6
USA RP KOREA HONG KONG, china TAIPAI.CHINESE TURKEY PAKISTAN JAPAN World Total
14 12 11
4.7 4.2 -
4 5 6
20 14 14
7 8 9 10
11 11 9 8 294
7 8 9 10
13 8 5 5 412
MARKET SIZE
The Indian textile industry is set for strong growth, buoyed by both rising domestic consumption as well as export demand. Abundant availability of raw materials such as cotton, wool, silk and jute and skilled workforce has made India a sourcing hub. The most significant change in the Indian textile industry has been the advent of manmade fibers (MMF). India has successfully placed its innovative range of MMF textiles in
almost all the countries across the globe. Man-made fiber production recorded an increase of 2 % during the year 2012-13. Cotton yarn production increased by about 15 per cent during March 2013 and by about 14 per cent during the year 2012-13. Blended and 100 per cent non-cotton yarn production increased by 10 per cent during March 2013 and production increased by 3 per cent during the year 2012-13. Cloth production by mill sector registered a growth of 19 per cent during the year 20122013. Cloth production by handloom and hosiery increased by 2 per cent and 14 per cent. The total cloth production grew by 1 per cent during March 2013 and by 4 per cent during the year 2012-2013.
INFRASTRUCTURE
INFRASTRUCTURE
Atlas always assures on quality products and timely delivery to its clients. To substantiate this, Atlas does most of the processes in-house to save time and ensure quality.
Atlas has a total working area of 32,500 Sq. Meters. In four locations in Karur. Each location is exclusively taking care of certain processes. LOCATION - 1: ATLAS-MAIN Atlas Chambers is the Corporate Office of Atlas Export Enterprises, which is in the heart of the Town with sufficient manpower and facilities. Fabric Section: Fabric section have a huge space to store the fabrics received from weaving and the same are checked thoroughly before sending them for conversion into made-up items. Embroidery: Brings our ideas/designs into beautiful products our in-house computer embroidery facility enables to bring out our innovative designs on our products with creativity and cost effective.
Sewing: Fabrics are converted into variety of made-ups with utmost care using skilled workmen. We have able and experienced team to guide and lead the sewing section to make the finished goods exactly matching the requirement of our clients
MANAGING DIRECTOR
N. SENTHILPRASATH, N. SenthilPrasath, son of M. Nachimuthu, after completing his MBA in the UK, associates himself with his father in the export business in Atlas Export Enterprises allowing his father the comfort of pursuing his efforts to improving Karur society and infrastructure. ATLAS TEAM
The major strength of Atlas is its core management team in all the areas of its operations. Atlas believes in reinforcement of individual knowledge, experience and capabilities in achieving the ultimate goal of satisfying every customer with unique and professional service. QUALITY POLICY
We endeavor to delight our esteemed customers by designing, manufacturing and supplying Quality Home Furnishing Fabrics and Made Ups conforming to customer requirements and adhering social and Cleaner Production Practices. This is achieved by adopting latest trends in the industry, using effective communication methods, providing regular training to our workforce and continual improvement in quality management systems.
Atlas factory complies with all labor laws relating to wages, working hours, and health & safety standards and strictly adheres to ethical business practices. We provide a clean and healthy working environment conducive for our workers. We do not engage any child labor or forced labor. Utmost importance is given to respect the human values. Atlas voluntarily gets its facilities certified for various - by maintaining all the required standards in terms of infrastructure, employee welfare, social compliances, environment consciousness, etc. ISO 9001 Quality Management System - In order to provide quality products at right time. SA8000 Social Accountability System Fair labor practice system is followed in order to ensure the products manufactured by adhering social compliance. ISO 14001 Environment Management System Our company adheres Environment regulation and thus contributes to save the environment. OHSAS 18001 Occupational Health and Safety Assessment Series Taking care of employees health and safety. Organic Cotton (GSV & OE) Adhering social compliance and environmental regulations. Oeko Tex 100 Meeting the customers Requirements for this Standard Products.
COMPANY PROFILE
COMPANY PROFILE
NAME ADDRESS
: ATLAS EXPORT ENTERPRISES : Atlas chambers, 29J-Pugalur Road Karur- 639 001
NATURE OF BUSINESS
EXPORTING COUNTRY : USA, EUROPE, JAPAN, AUSTRALIA, & etc. STATUS PRODUCTS : Government Recognized Export House : Fabrics and Home Furnishing products Fabric, Table cloth, Table mats, Runners, Napkins, Curtains, Bed Spreads, Duvet Covers, Pillow Covers, Cushion covers, Chair pads, Kitchen Towels, Dish Cloths, Aprons, Oven mitts, Pot holders, Throws, Shower Curtains etc. STITCHING PRODUCTIVITY CAPACITY ANNUAL TURNOVER MEMBERSHIP : Above 2 lakh meters of basic fabrics per month. : Rs. 14.0 Crores : TEXTILE COMMITTEE, SSI, HEPC, AEPC, TEXPROCIL, AND EEPC. AWARDS FOR BEST EXPORT : Gold medal winner for 1991 &1993 Silver medal winner for 1995-96 State medal winner for 1992, 1994,1995,1996,1998 Prize Award winner for 1982-1984, 1985-1989 : 80 imported modern sewing machines located in house
VISION: To be the world class quality retail solution provider to all global retail giants in home furnishing segment with social and environmental commitment. MISSION: Excel in quality, technology, design innovation by synergizing best brains and value the social and environmental concerns.
Anchoring Quality System Totally of customer satisfaction Loyal to Customers Appending Customer Relationship Social and Environmental Responsible
Organization structure
ORGANIZATION STRUCTURE
Managing Director
General Manager
Dyeing Manager
Production Manager
HR Manager
Marketing Manager
Finance Manager
Employees
Quality control
Assistant Manager
Assistant Manager
Assistant Manager
Supervisor
Supervisor
Supervisor
Supervisor
EDP Development
HRD Assist
Employees
Checking
Weaving
Packing
DEPARTMENTWISE OBJECTIVES
Marketing: To maintain on time delivery of performance. To achieve customer satisfaction. To keep customer complaints to. Quality: To improve success rate in final random inspection. Laboratory: To improve volume of test. Purchase: To conduct suppliers meet. Dyeing: To reduce re-dyeing. Weaving: To reduce oven fabric re-work. To reduce oven fabric reduction. Stitching: To reduce re-work in stitching Training: To provide minimum one day training to all quality related employees.
Fabric process: To reduce re-work in fabric dyeing. To reduce re-work in fabric printing. To reduce rejection in fabric printing. To reduce re-work in fabric processing.
Documentation: To improve timely dispatch of documents. To improve timely realization of bills. To improve timely realization of dbk. To obtain focus marketing incentive on time. Stores: To provide bin cards to all material stacked in the stores. Administration: To provide periodical pest control measures. Human resource: To recruit effective candidates Electrical maintenance: To ensure periodical preventive maintenance. Embroidery: To reduce the embroidery rejection.
TYPES OF DEPARTMENTS
VARIOUS DEPARTMENT
HUMAN RESOURSE DEPARTMENT PURCHASE DEPARTMENT PRODUCTION DEPARTMENT ADMIN & OPERATION DEPARTMENT FINANCE & ACCOUNTS DEPARTMENT MERCHANDISER DEPARTMENT QUALITY CONTROL DEPARTMENT STORES DEPARTMENT STITCHING DEPARTMENT PACKING DEPARTMENT
HUMAN RESOURSE DEPARTMENT OBJECTIVE: The companys HR objective is to achieve companys growth through developing a highly motivated and committed work force. There are 250 employees of which 25 are staff and the rest workmen. In addition, we employ workmen on temporary basis as and when required. ROLES AND RESPONSIBILITIES OF HR: The world around us is changing and the HR Roles and Responsibilities have to change as well. In the past, the HRM was responsible for developing the processes, which assure the top quality delivered to the organization. The demand from the organization changes. The organization does not expect the HRM Function to react to its requests; it expects HRM Function to proactively propose new solutions, new procedures and new policies to keep the competitive advantage on the market. The HR Roles and Responsibilities needs to react to this basic request by the organization to keep the level of the satisfaction. Unfortunately, when you browse the Internet to find information about the HR Roles and Responsibilities, you usually find the tables describing the split of roles and responsibilities between HRM function and the internal clients.
Now a day, the HRM has to deliver even more. The HR Roles and Responsibilities have to take the high level recognition of the organization and they need to be adjusted to make a full fit. The HR Roles have to be adjusted to:
Keep HRM Function focused on tracking and implementing new trends in the industry Keep HRM Function focused on helping the line management to implement improvements
Keep HRM Function focused on operational excellence Keep HRM Function responsible for developing the Human Capital potential in the organization.
Demonstrate the Line Management the will to keep the responsibility for the Human Capital costs
Keep the competitive advantage on the market (and not just the job market) Demonstrate the will to drive the main HR Processes to keep the organization in the excellent health
Keep HRM Function supporting the Business Strategy to reach the business initiatives
Keep HRM responsible for the tasks resulting from the Business Strategy
The new definition of the HR Roles and Responsibilities is important for the success of Human Resources in the modern organization, but many HRM Function fail to implement good ideas. For the support, you can download the following presentation on HR Roles and Responsibilities. MANPOWER PLANING: Right man for the right job at the right time. Identification/ foresee manpower and skills requirement Selection &supply of manpower RECRUITMENT AND SELECTION: Application. Paper advertisement &campus interview. Through relations and friends. TRAINING CONSISTS OF: Growth, Philosophy, Company history Products, Processes, Operations & Units Organizational policies & procedures Welfare measures and facilities available Work methods Safety and Discipline, Fire fighting. PERFORMANCE APPRAISAL: At all level Executives, staffs, workers, trainers Periodical appraisal Head of Department appraisal. BONUS: A minimum of 8.33% and maximum of 20% is provided promotion.
Based on the organizational needs. Based on skill requirement Based on manpower SALARY AND WAGES: The workers receive their wages 7th if every month when the staffs receive theirs. WELFARE SCHEMES: Group insurance scheme Super annulations scheme Death relief fund Courtesy transport LEAVE POLICY: Those who are worked 6 days in a week, they are eligible to get one day leave in the week. MEDICAL FACILITY: Medical facilities are given to the workers in the factory. If they meet with an accident in the factory. They will be provided the medical facilities. OTHER BENEFITS AVAILABLE IN THE ORGANIZATION: Tea Cool water First Aid appliances Proper ventilation and lighting Allowances for workers Canteen Rest room and lunch room Hostel (fully for Dyeing workers) Bonus Provident funds Employees state insurance
TIME OFFICE: The time office plays an important role for fixation for wages and salary for workers, who are working in the unit.
PURCHASE DEPARTMENT
PURCHASE DEPARTMENT:
Yarn is the main raw material of the company .it purchases its raw material from the local areas and other districts. Like tirupure, erode, and Coimbatore etc. the
purchased raw yarn are brought into the company by Lorries, trucks and heavy containers. The securing person to be cross checked by stored inward register.
The yarn is weighted & stored in raw material godown. The total weight is entered in Weighted list register which is maintained store keeper Material purchased through purchase order.
The Yarn has been classified into 5 types. They are: Fiber 2s Count 6s Count
Using fiber we can produce yellow cloth, and 2s count we produce Handloom products,6s count to produce Power loom products and then used in weeping and warping, 10s count we produce Kitchen clothes i.e., Checked cloth, Glass cloth using only power loom. 20s count is used only for warping.
PRODUCTION DEPARTMENT
PRODUCTION DEPARTMENT
PURCHASE YARN:
Yarn is the main raw material of the company .it purchases its raw material from the local areas and other districts. Like tirupur, erode, and Coimbatore etc. the purchased raw yarn are brought into the company by lorries ,trucks and heavy containers. The securing person to be cross checked by stored inward register. The yarn is weighted & stored in raw material godown . The total weight is entered in Weighted list register which is maintained store keeper. Material purchased through purchase order.
DYEING:
The fabrics material can be used the form of fiber, yarn and cloth .but from the pont economy t would be advantage to dye th material at final stage in the manufacturing process s possible
BLEACHING:
Bleaching is the simple cleaning process.it is to wash away the gray and materials before dong the further process by using the certain chemicals
FINISHING:
The fabrics are treated with various finishing chemical to get soft fee, ant crease, florescent with etc. and they stretched to the required with and dried finally
PRODUCTS:
Largest collection of Table Linen in the country, Over 5000 designs in Tablemats, Napkins, Runners, Tablecloths, Kitchen Towels and sets in embroidered, Printed and Jacquards. Modern manufacturing infrastructure and Design studio
PRODUCTION PROCESS
WINDING
WARPING
BEAM STORAGE
WEAVING
FABRIC FOLDING
CUTTING
STITCHING
CHECKING
PACKING
OPERATION DEPARTMENT
OPERATION DEPARTMENT
Operational department is the most important department of ATLAS EXPORT ENTERPRISES. This department carries o u t t h e m a n u f a c t u r i n g o f a l l t h e p r o d u c t s . T h e c o m p a n y c a r r i e s o u t c o n t i n u o u s p r o d u c t i o n system; hence this department plays a very crucial role in ATLAS EXPORT ENTERPRISES.
DUTIES AND RESPONSIBILITIES OF OPERATIONS MANAGER: OPERATION MANAGER is the head of the ope ration department
OPERATION MANAGER have fixed the monthly target according to the market operations OPERATION MANAGER is responsible for the modification of the production process and is responsible for efficient discharges. OPERATION MANAGER is the designated emergency controller during any hazardous incidents. OPERATION MANAGER has the administrative control over the operations department.
OBJECTIVES OF OPERATIONS DEPARTMENT: Reduce non confirming products. Maximize the availability of electrolyze operation. Optimizing the specific consumption of electricity, raw materials and resources.
FINANCE DEPARTMENT:
Finance & Accounts departments are the heart of the company. This department has overall responsibility for financial management. All purchase & sales activities are concerned with the accounts department.
Finance & Accounts department deal with recording calcifying summarizing, preparing & interpreting financial information computers are made vast use off here. They are keeping contact with more than three banks.
The accounts department is computerized. All the books of accounts are maintained in computers. The company has its own website. In this website, all information about company and its product is available.
Accounts department is to maintain the companys accounts and to finance the respective departments in order to meet out their official expense like purchase of materials, salaries, wages, etc.,
Accounts department keeps track of the transactions of the company and also the assets and liabilities and produces the balance sheet financial year. Then they are audited by a reputed charted accountant.
Finance Department
Accounts officer
Cashier
Clerks
The different decisions can be classified into: 1. The routine working capital and cash management decisions. 2. Dividend decisions 3. Investment decisions 4. Financial forecasting 5. International financial decisions 6. Portfolio management 7. Risk management 8. Cash management RESPONSIBILITIES OF FINANCIAL MANAGER The Financial Manager is responsible for entire finance department. Each and every transaction related to cash or bank is responsible for Financial Manager. These are the head of the Finance Department. Preparation of Financial Statements like Profit and loss accounts and Balance sheets. The finance manager has to deal with the mainly or generally with thaw 4 A's, these are 1) Anticipation of fund (i.e. capitalization) 2) Acquisition of fund (i.e. raising of funds) 3) Allocation of fund (i.e. investment decision) 4) Assessment of fund (i.e. evaluation of financial activities)
Responsibility of accounts department: It is responsible for preparation of cash flow& monitoring the inflow & outflow of cash. It also prepares financial budgets in line with the annual business plan. It is adopting management plan to reduce interest cost by proper source of finance.
Facilities & compliances of procedures are prescribed by lenders. Functions of Finance Department: It takes care of the day-to-day accounts. Preparing monthly, quarterly, half yearly, annual performance details. Review of monthly sales purchase inventory control & overhead expenses.
Transactional Excellence: On time completion of all transactions (include payment and receipt of cheques, fixed deposits) Timely verification of interests calculations made by the bank. The books maintained are as follows Minutes books of general meetings Register of directors attendance Register of investments Register of contracts
Records Maintained: Cash book &petty cash book Bill record book Purchase book & purchase returns book Sales book & Sales return book Bills inwards book & bill payment book Pass book & General book.
MARKETING DEPARTMENT
Marketing Department
Marketing Manager
Export Incharge
QUALITY CONTROL:
Textile Testing and Quality Control (TTQC) lab is responsible to ensure the quality of the products. In response to textile product evaluation TTQC lab plays an important role. Now days, man wants to get qualitative product from the producer. For this reason it is the duty of a producer to produce qualitative product.
In textile industry; quality is assured in different stage of production. From the raw materials to the finished goods, quality is assured by the quality control department. Quality is assured in fiber selection, yarn production, fabric manufacturing, wet processing and apparel manufacturing. Also, quality is checked for dyestuff and chemicals which is used in dyeing, printing and finishing. Most of the times, quality control department gives a quality pass certificate before export.
TTQC lab is also set up in educational institute, research institute for teach the quality evaluation system and research. It is also set in port to test the quality of the textile products. Some TTQC lab is set up for commercial purpose. Some quality standardizing group also set up TTQC lab for test the quality. In dyestuff market, TTQC lab is set up for ensure the quality of the dyes and chemicals.
CONCLUSION
As an internship trainee in the Textile Industry unit, I have gained knowledge on how the Industries are manufactured and processed, and as a student of commerce has a great opportunity in the following up of all export documentation procedures more closely and also gathered information regarding purchase, store keeping maintenance of accounts and sales.
The Textile Industry in India blooming in exports, and it seems to be more opportunities for youngsters in the near future. Nowadays there is a world market for every product due to globalization. So every concern can light their position in world level.
BIBLIOGRAPHY
SHARMA.P.K.SHASHI K. GUPTA, Financial management, kalyani publisher, new delhi-1999 KOTHARI C.R , research methodology methods, wishwa prakasam, new delhi, 2nd edition,1990 HORNGREN, DAPAP & FOSTER, cost accounting a managerial emphasis ,2003 by pears on education institutins.