Inventory Management

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TABLE OF CONTENTS

CHAPTER NO.| DESCRIPTION| PAGE NO.| | Title Page| |
| Bonafide Certificate| |
| Organisation Certificate| |
| Declaration| |
| Acknowledgement| |
| Abstract| |
| | |
I| INTRODUCTION| |
| 1.1 Introduction to the study| |
| 1.2 Industry profile| |
| 1.3 Company profile| |
II| Need, Objective and Scope of the study| |
| 2.1 Need for the study| |
| 2.2 Objective of the study| |
| 2.3 Scope of the study| |
III| Literature Review| |
| 3.1 Review of literature| |
IV| Research Methodology| |
| 4.1 Research design| |
| 4.2 Types of data| |
| 4.3 Tools used for analysis| |
V| Data Analysis and Interpretation| |
VI| Summary and Conclusion| |
| 6.1 Findings| |
| 6.2 Suggestions| |
| 6.3 Conclusion| |
| Bibliography| |

CHAPTER 1 - PREFACE

INTRODUCTION

The project entitled “A STUDY ON INVENTORY MANAGEMENT” in LUCAS-TVS was carried for a period from 4th to 31st of July, 2012. This study enables to understand the various techniques that are used in inventory management. The techniques such as inventory turnover ratio, ABC analysis and EOQ have been applied in this project. Inferences are drawn using the above said techniques. Inventory means physical stock of goods which is kept in hands for smooth and efficient running of future affairs of an organization at the minimum cost of funds blocked in inventories. The fundamental reasons for carrying inventory is that it is physically impossible and economically impractical for each stock item to arrive exactly where it is needed and when it is needed.

Inventory management is the integrated functioning of an organization dealing with supply of materials and allied activities in order to achieve the maximum co-ordination and optimum expenditure on materials. Inventory control is the most important function of inventory management and it forms the nerve center in any inventory management organization.

Inventory is one of the main component in current assets which influences the working capital. Hence proper maintenance and control has to be made over inventory which increases the profit of the company.

COMPANY PROFILE:

LUCAS-TVS

TVS Group was established in 1911 by T.V.Sundram Iyengar, one of the visionaries of the Indian industries. His ideas were years ahead of their times, three years before World War I. When the automobile was still seen as some kind of intimidating “horseless carriage” he had the vision to set up South India’s first ever rural bus service and over the years, this transport company became the largest of its kind in the country, legendary for its punctuality and service. In fact, the rules and regulations laid down by him later became the print for the Motor Vehicles Act. The importance given by the founder of the TQM framework even Today, T.V.Sundram Iyengar’s philosophy of business reflected the kind of man he was simple and stern. It was based rigidly on four concepts – Quality, service, reliability and a sense of Ethics.

LUCAS – TVS was established in the year 1961 as a joint venture between Lucas industries, UK and...
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