Professional Documents
Culture Documents
Coimbatore
PROJECT REPORT
Summer project report submitted to BHARATHIAR
UNIVERSITY in partial fulfillment of the requirement of the degree of
bachelor of business management
CONTENTS
Synopsis
1. Introduction to the study
2. Introduction to the industry
3. Introduction to the organization
4. Objectives
5. Limitations
6. Methodology
7. Analysis and interpretation
8. Findings
9. Suggestions
10. Conclusions
Bibliography
Appendix
SYNOPSIS
The project discuss in detail the inventory control in stores department. The
report covers in detail the raw materials, supplier name and material price.
The positive and negative deviations have been highlighted and various
reasons for deviation have been analyzed.
Wool Scouring;
Wool Finishing;
Dry Processing;
Carpet Manufacture;
Traditionally, the textile industry is very energy, water, and chemicalintensive. About 60% of the energy is used by dyeing and finishing
operations [14]. Environmental problems associated with the textile industry
are typically those associated with water pollution. Natural impurities
extracted from the fibre being processed along with the chemicals used for
processing are the two main sources of pollution. Effluents are generally hot,
alkaline, strong smelling and colored by chemicals used in dyeing processes.
Some of the chemicals discharged are toxic. Other environmental issues now
considered equally important and relevant to the textile industry include air
emissions, notably Volatile Organic Compounds (VOC) [10].
COMPANY PROFILE
User id
- sri_iyyan
Kind of business
- yarn, Coimbatore
Contact person
- Mr.Joghan
Address
City
- Coimbatore
State
- Tamil Nadu
Phone
- +91-422-2461125,2902555.
Tel fax
- tal-422-2461047
- iyyangold@yahoo.com
Website
- admsonline.net
Regd.office
Phone
- +97-422-2435347, +91-422-2443087.
OBJECTIVES
To find out from where the raw materials are procured for the
production
To find out the various materials maintained in stores
To find out the stock level in the stores department.
To determine the VED analysis
LIMITATIONS
Time was a constraining factor
Analysis were done only in the stores department at SRI IYYAN
TEXTILE MILL PVT LTD
The study cannot be generalized to other department or other
companies
RESEARCH METHODOLOGY
It may be understood as a source of studying how research is done
scientifically and steps that are generally adopted by the researcher in
methodology result using research problem along with logic behind them.
Research methodology results in using research methods through which
solutions are arrived for the problem of research.
MEANING OF RESEARCH
A careful investigation or inquiry through search for new facts in any branch
of knowledge.
RESEARCH DESIGN
A research design is the arrangement, of conditions for collection and
analysis of data in a manner that aims combine relevance to the research
purpose with economy in procedure
DESCRIPTIVE RESEARCH
Descriptive research includes surveys and facts finding enquiries of different
kinds. The major purpose of descriptive research is description of the state of
affairs as it exists at present.
VED ANALYSIS:
VED Analysis means, Vital, Essential and Desirable Analysis.It is the
Analysis for monitoring and control of stores and spares inventory by
classifying them into 3 categories viz., Vital, Essential and Desirable. The
mechanics of VED analysis are similar to those of ABC Analysis.
VEDCLASSIFICATION:
While in ABC, classification inventories are classified on the basis of their
consumption value and in HML analysis the unit value is the basis,
criticality of inventories is the basis
for vital, essential and desirable categorization.
The VED analysis is done to determine the criticality of an item and its
effect on production and other services. It is specially used for classification
of spare parts. If a part is vital it is given V classification, if it is essential,
then it is given E classification and if it is not so essential, the part is given
D classification. For V items, a large stock of inventory is generally
maintained, while for D items, minimum stock is enough.
VITAL PRODUCTS :
Vital items are those items the unavialbility of which will stop the
production.
According to the above description for VED, the following classification
was made.
Cone bag
Cops bag
Cut pices
Tieyarn
Diesel
Guide ring
Round nipple
RSB top rollers
Bearings
Contactor
Simens eimenta
Reeling index wheel
Connector coll
Fork bearing
Stripping fillet
Lam connecting puller and bolt
Relay sprocher
Combi controller
MSB box hager
Pressure hook for 3rd row
Pressure pin
ESSENTIAL PRODUCTS :
Essential items are those items where stock out costs are very high.
Belt(V)
1.Timing belt
2.Flat belt
Grease RR3
Grease AB3
Oil :
System 220
System 150
Servo 68
Hp 90
EE10
Distal water
Gearing wheel
emery sheet
Motor pulley
Apron
Spindle tap
Super glow
Ring travellor
Safety valve
Strapping role
Strapping clip
M seal
Insulation tap
DESIRABLE PRODUCT :
Desirable items will not cause any immediate production
stoppages and their stock out costs are nominal.
Tube light(choke)
Push button
Nailon press
Fusk unit
OHTC guide roller wheel
OHTC half guide wheel
OHTC drive wheel
Safety valve
Rust lick 631
Control adaptor
Tension fork
Greese slipple
Spindle breaker
Separator
Solenoide valve
Pressure gauge
One way switch 6A
Motor cooling fan
SUPPLIER NAME
PRICE (per
piece)
Guide ring
SWA Industries
Rs. 42.00
(Coimbatore)
SHEEL
Oil seal
Rs.75.00
(Coimbatore)
Pressure
for
3rd row
Pressure pin
ERSA Industries
Bearings
Regulator
Rs.18.50
(Coimbatore)
VISAKA Industries
Rs.72.00
(Coimbatore)
KTR Industries
Rs.23.50
(Coimbatore)
KMC Engineering
(Coimbatore)
Limit switch
Rs.22.00
(Coimbatore)
SWITA Industries
Rs.15.00
(Coimbatore)
SWITA Industries
Round nipple
Rs.37.00
Rs.15.00
ITEM NAME
Contactor coll
SUPPLIER NAME
RMB Industries
Rs.20.00
(Coimbatore)
Cone bag
ESWARI
Industries Rs.17.00
(Coimbatore)
Cops bag
ESWARI
Industries Rs.38.00
(Coimbatore)
Cut pieces
Sandhamani industries
Rs.17.00
(Coimbatore)
Emery sheet
KMC engineering
Rs.7.50
(Coimbatore)
Apron
Spindle tap
Super glow
TVR Industries
(Coimbatore)
HINDUSTAN spinners
HINDUSTAN spinners
Rs.45.00
(Coimbatore)
Rs.75.00
(Coimbatore)
Narasimha industries
Taflon tap
Rs.15.00
(Coimbatore)
HINDUSTAN spinners
Strapping clip
Rs.25.00
(Coimbatore)
HINDUSTAN spinners
Strapping roll
Rs.15.00
Rs.32.00
(Coimbatore)
VISAKA Industries
Rs.42.00
Guide ring
(Coimbatore)
ERSA Industries
Insulation tap
(Coimbatore)
Nailon press
SWITA Industries
Rs.27.00
Rs.47.50
(Coimbatore)
OHTC
guide
Rs.83.50
KMC engineering
Rs.22.50
Wheel
Safety
valve(4/3inch)
Control adaptor
Spindle breaker
Separator
Tieyarn
(Coimbatore)
KK Industries
Rs.62.00
(Coimbatore)
HINDUSTAN spinners
Rs.57.00
(Coimbatore)
TVR Industries
Rs.31.00
(Coimbatore)
Sandhamani industries
Rs.45.00
(Coimbatore)
Sandhamani industries
Rs.75.50
(Coimbatore)
Grease
KK Industries
(Coimbatore)
Gear wheel
Rs.110.00
Cone bag
Cops bag
Cut pieces
Tieyarn
Belt(V)
1. Timing belt
2. Flat belt
Bearing
Grease RR3
Grease AB3
Oil:
System 220
System 150
Servo 68
Hp 90
EE 10
Distal water
Oil seal
Gear wheel
Emery sheet
Motor pulley
Apron
Spindle tap
Super glow
Ring travellor
Sutly
Strapping role
Strapping clip
M seal
Insulation tap
Bush button
Nailon press
Fusk unit
OHTC guide roller wheel
OHTC half guide wheel
OHTC drive wheel
Safety valve(4/3inch)
Rust lick 631
Control adaptor
Tension fork
Greese slipple
Spindle breaker
Separator
Solenoide valve
Pressure gauge
One way switch 6A
Motor cooling fan
5 pin sock cut
3 pin tap
Taflon tap
Guide ring
Tube light(chock)
FINDINGS
The cost of material for the production range from rs. 7.50 to 110(per
piece).
Most of the suppliers of the raw materials are in Coimbatore, so the
supply of raw materials do not interrupt the production.
By using VED analysis we can conclude quantity level of raw
materials based on
1. vital items are costlier than comparative other but it most
wanted for the regular production
2. In essential items comparative with the vital items comparative
with that must of important but it also required for the
uninterrupted production.
3. records of the goods coming into the company and going out
are being noted.
SUGGESSTIONS
The company should improve its technology in stores for reducing
the idle items of machines
The company should concentrate more on the arranging the
materials in the stores for avoiding the confusions.
CONCLUSION
This project report has enabled me to get a clear insight on the inventory
control in stores department and supplier name details of the company. This
report will be very helpful to the management because they must be
conscious of the inventory in the stores department. By the VED analysis
have analyzed the important raw materials. So we can maintain the raw
materials by using VED analysis. It may reduce idle time of machines and
workers. Thus this study will be helpful in maintaining raw materials
correctly.