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SUBMITTED BY:
Sachin Kumar
(Management Trainee)
ACKNOWLEDGEMENTS
Before I get into thick of things, I would like to add a few heartfelt words for people
who were part of this project in many respects.
I take this opportunity to acknowledge the initiatives of Mr. Prem Dutt (GM
Technical) whose guidance helped me immensely to successfully complete my
project. He was a great source of inspiration and motivation.
I also like to express my gratitude to Mr. D.S.Choudhary (Plant Head). Without his
support and motivation this work cannot come to a end.
I would like to thanks Mr. Tarun Riyal (Store Incharge, GPG) and Mr. Yogendra
Tyagi (Store Incharge Assistant) and every other persons who has helped me in
providing me the necessary data required to complete my project.
About the Sonipat plant
The Sonipat plant consist of two units i.e Gold Plus Glasses India Ltd. which was
established in 1996 & spread in an area of around 1 acre & gold plus toughened glass
ltd. which was setup in 2001 spread in an area of around 2 acre.The total work force
of both units is more than 400 employes plant processed various types of flat clear
glass into toughened, laminated & insulating glass in various segment such as
automotive & architectural as per customer requirement.
In the starting one week of my training in the plant I had gone through various
specifications of the machines in both the plant and observed the working of different
machines. The specifications of different machines are mentioned in the report.
After one week my guide Mr. Prem Dutt assigned me the project of optimization of
inventory. During the period of my training in completing the project I
communicated with various people from stores as well as maintenance department to
collect the data required for the completion of my project. In the whole process I
learned about various number of spare parts used in the machines and also about the
number of common parts and their annual consumption pattern. The detail
information is given in the later part of the report.
SPECIFICATIONS OF DIFFERENT MACHINES EMPLOYED IN THE
PLANT:
S.NO SPECIFICATIONS
1 TYPE GFB – 37/26
2 MANUFACTURER PETER LISEC AUSTRIA
3 WEIGHT 3850 KG
4 MAXIMUM GLASS SHEET SIZE 3700 X 2600 MM
5 MINIMUM GLASS CUTTING SIZE 50 X 50 MM
6 ACCURACY (+/-) 0.4 MM
7 GLASS THICKNESS 2.5 to 19 MM
8 MAXIMUM LOAD ON CUTTING TABLE 50 KG/M2
9 VOLTAGE 415 V
10 POWER LOAD 8.1 KVA
11 AIR OPERATING PRESSURE 6 TO 8 BAR
1. 2.5 mm
2. 3 mm
3. 3.5 mm
4. 5 mm
5. 6 mm
6. 8 mm
7. 10 mm
8. 12 mm
2. SCIHIATTI – 004
S.NO SPECIFICATIONS
1 TYPE STRAIGHT GRINDING
MACHINE
2 MODEL R1/6M
3 MANUFACTURER SCHIATTI ANGELO, ITALY
4 WEIGHT 2105 KG
5 TOTAL MACHINE LENGTH 7053 MM
6 WORKABLE GLASS THICKNESS 3 TO 20 MM
7 MIN. WORKING DIMENSIONS 150 X 500 MM
8 MAXIMUM SIZE OF GLASS 3000 X 3000 MM
9 POWER LOAD 10.7 KW
10 POWER SUPPLY 415 V
11 AIR PRESSURE 6 TO 8 BAR
12 TANK CAPACITY 190 LTR
13 ABRASSIVE USED D - 120
3. Z – BAVELLONI GRINDING MACHINE
S.NO SPECIFICATIONS
2 MODEL PR/88
4 WEIGHT 3550 KG
S.NO SPECIFICATIONS
1 MODEL K50KZ18Q
7 POWER 2.7 KW
S.NO SPECIFICATIONS
1 TYPE QXJ-25B
4 WEIGHT 4360 KG
S.NO SPECIFICATIONS
S.NO SPECIFICATIONS
1 MODEL GENIUS 37 CI
4 WEIGHT 270 KG
6 RATED CURRENT 11 A
7 PHASES 3-f
8 POWER 6.5 KW
ELECTRICAL SPECIFICATIONS OF GPT AND GPG:
GPT:
TRANSFORMER- 2000 KW
GPG:
GO SWITCH
ENERGY METER
LT PANEL
ACB
MACHINES
OBJECTIVES OF THE PROJECT:
1. To optimize the inventory in both GPT and GPG plant in order to minimize
the lock up of finance in stock.
2. To fix minimum stock level of common inventory in both the plant GPT and
GPG.
INTRODUCTION:
Both GPG and GPT plant has separate stores. The working of both the stores are
independent to each other. But since there are many process in both the plants which
are common to each other. Therefore, both the stores have many common items. The
consumption of different common items is different. Some items are consumed much
as compared to other items. The consumption of items depends upon their usage. So,
the main objective of this project is to find those common items and to fix up the
minimum stock level of these items.
INVENTORY MANAGEMENT:
The scope of inventory management also concerns the fine lines between
replenishment lead time, carrying costs of inventory, asset management, inventory
forecasting, inventory valuation, inventory visibility, future inventory price
forecasting, physical inventory, available physical space for inventory, quality
management, replenishment, returns and defective goods and demand forecasting.
Balancing these competing requirements leads to optimal inventory levels, which is
an on-going process as the business needs shift and react to the wider environment.
Inventory management involves a retailer seeking to acquire and maintain a proper
merchandise assortment while ordering, shipping, handling, and related costs are kept
in check.
Systems and processes that identify inventory requirements, set targets, provide
replenishment techniques and report actual and projected inventory status. Handles
all functions related to the tracking and management of material. This would include
the monitoring of material moved into and out of stockroom locations and the
reconciling of the inventory balances. Also may include ABC analysis, lot tracking,
cycle counting support etc.
STORE MANAGEMENT:
1. Stock Policy
• Maintain a complete and proper record of the items in stock with the
following particulars
1.Issue of goods
2.Receipt of goods
3.Updating of store inventory record
4.Updating of accounting records
• Clearly define the duties of an officer in charge of a store and make them
known to the staff concerned
• Establish written procedures for lodging claims for supply and delivery
problems
5. Issue of Stores
• Properly control the issue of goods eg. check the voucher authorizations
against a record of specimen authorized signatures
6. Stock Checks
• Set appropriate limits of authority for writing off any loss or deficiency of
stores
7. Disposal of Stores
DATA COLLECTION:
1. The collection of data is done for the financial year 01.04.09 to 31.03.10.
2. A list has been prepared of the items used in both the plant GPG and GPT
having total number of items with information like opening quantity, receipt
quantity, issue quantity and balance quantity for one complete financial year.
3. Then two more lists are prepared of the items having minimum stock level of
each item and annual consumption in a financial year.
4. By observing the data of both the list of GPG and GPT plant, a list is prepared
of common items used in both the plants and having written monthly annual
consumption and the minimum stock level, these items should have.
After completion of the project we have got the list of those common items (spare
parts), which are used, maximum in both the stores. So, we have determined a
minimum level of stock of these items by calculating the average monthly
consumption of these items. So, we can optimize the quantity of these items so that
finance involved in buying these items should remain minimum and the items do not
go out of stock.
Also, by observing the data having minimum stock and annual consumption of items
from the individual list of the minimum stock of items of both the stores we can
revised the minimum stock of items of necessary by observing the consumption of
these items in one complete financial year.