INVENTORY MANAGEMENT SYSTEM
A STUDY OF JOHNSON & JOHNSON LTD.
Master of Management (Batch 2009-11)
UNDER THE GUIDANCE OF:
Dr. Bimal Anjum, H.O.D.Business Administration.
RIMT-IET, MANDI GOBINDGARH
I have prepared this study paper for the “Inventory Management System – A Study of Johnson & Johnson Ltd”. I have derived the contents and approach of this study paper through discussions with company executives and internet as well as with the help of various Books, Magazines and Newspapers etc.
I would like to give my sincere thanks to a host of Company Executive, friends and the teachers who, through their guidance, enthusiasm and counseling helped me enormously as I think there will be always need for improvement. Apart from this, I hope this study would stimulate the need of thinking and discussion on the topics like this one.
*Objective of the Study
*Introduction of Company
* Company Profile
* Board of Directors
* Guiding Principles of Company
* Structure of the Company
* Research Methodology
* Introduction of the Topic
* Data Collection
* Financial Statements
* Data Analysis and Interpretation
* Problems and Suggestions
OBJECTIVE OF THE STUDY
Inventories constitute the principal item in the working capital of the majority of trading and industrial companies. In inventory, we include raw materials, finished goods, work in progress, supplies and other accessories. To maintain the continuity in the operations of business enterprise, a minimum stock of inventory required.
However, the physical control of inventory is the operating responsibility of stores superintendent and financial personnel have nothing to do about it but the financial control of these inventories in all lines of activity in which they comprise a substantial part of the current assets is a frequent problem in the management of working capital. Management of inventory is designed to regulate the volume of investment in goods on hand, the types of goods carried in stock to meet the needs of production and sales while at the same time, the investment in them is to kept at a reasonable level.
Johnson & Johnson and its subsidiaries have approximately 115,500 employees worldwide engaged in the research and development, manufacture and sale of a broad range of products in the health care field. Johnson &Johnson is a holding company, which has more than 250 operating companies conducting business in virtually all countries of the world. Johnson & Johnson’s primary focus has been on products related to human health and wellbeing. Johnson & Johnson was incorporated in the State of New Jersey in 1887. The Company’s structure is based on the principle of decentralized management. The Executive Committee of Johnson & Johnson is the principal management group responsible for the operations and allocation of the resources of the Company. This Committee oversees and coordinates the activities of the Consumer, Pharmaceutical and Medical Devices and Diagnostics business segments. Each subsidiary within the business segments is, with some exceptions, managed by citizens of the country where it is located. . Johnson & Johnson is known for its corporate reputation, consistently ranking at the top of Interactive National Corporate Reputation Survey ranking as the world's most respected company by Barron's Magazine, and was the first corporation awarded the Benjamin Franklin Award for Public Diplomacy by the U.S. State Department for its funding of international education programs. Johnson &...