Presentation on Summer Training Presented by : Bhagat Harman Deep MBA 2(A)
Indian Textile Industry Textile is one of India’s oldest industry. It is the second largest employment generator . The industry uses a wide variety of fibers . India contributes to around 12 percent of the world's production of cotton yarn and textiles
HISTORY Sportking India Ltd. Was Incorporated on 15-02-1989 by Sh. Raj Kumar Avasthi & his family members.
Other Companies of Sportking Group M/s. Sportking Knitwear’s Classis Wears Pvt. Ltd. M/s. Aradhan Knitwear’s M/s. Sportking Exports Namokar Capital Services Pvt. Ltd.
Markets USA:Target Stores, JC Penny, Hagger, Li and Fung, Mother Works, Costoc, Urban Outfitters, C.A.G., HMX Sportswear and Walt Disney. EUROPE: George and Tom Tailor.
Conti…. Domestic : Pantaloon, Shopper’s Stop, Lifestyle, Pepe Jeans, Max (Dubai and India), Pyramid, Big Bazaar, Westside. They also have a license for the manufacturer of Walt Disney branded garments for India.
Classic Wear Ltd. was established in the year 1987 in Noida. Shifted from Noida to Ludhiana in the year 1988 having a change in name “Classis Wears Private Limited”. Presently it is situated at Village Meharban, Rahon Road, Ludhiana. Presently Classic Wears is a leading manufacturer of Knitwear for gents, ladies and kids in Northern India Production capacity of 1, 50,000 pcs.
Research design For this research descriptive research design is used Size of Population All the employees who directly or indirectly related to the inventory in Classic Wears Pvt. Ltd., Ludhiana. Sample size Six employees working in Finance, Store, Production Departments of Classic Wears Pvt. Ltd., Ludhiana. Sample unit: One employee who directly or indirectly related to the inventory in Classic Wears Pvt. Ltd., Ludhiana.
Sources of Data Primary Data: - Structured direct Interviews with the concerned persons of Finance & Stores Department Secondary Data: - Annual Report, Store Records & various books LIMITATIONS OF THE STUDY:
. They refused to fill questionnaire
Store department employees are not well educated.
Inventory Management in Classic Wear Pvt. Ltd. Raw Material consists:
Accessories like buttons, zips, tags, patches etc.
Work in process: Garments which are in manufacturing process. Finished goods : Garments which are ready to sale in the market. Spare Parts : Needles, Screw
No doubt lead time is important but other factor like availability is also important. So they should also give proper consideration to this.
They follow safety & bulk purchases for cost reducing. But they should follow the JIT system. As they are in fashion industry so this is the best method. As they will purchase the goods according to the order, so there will no stock obsolescence.
According to the store-keeper there is lack of space. The boxes of yarn & other material are not properly stored. So there should be proper racks for the boxes.
The store department should be computerized so that the recording can be easy. The issuing of yarn is recorded manually.
Wastage should be controlled. The remaining material, after the completion of production, should returned to the yarn store. Production manager should take care of this.