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The Times groups is the largest media conglomerate in india. It is headed by brothers samir and Vineet Jain.The company has eleven publishing centres, fifteen printing centres, fifty-five sales offices, Over 7000 employees,thirty-two Radio Stations, two Television News Channels, one Television Life Style Channel.
The Times of India, World's largest English-language broadsheet daily newspaper in terms of circulation.
The economic Times.
Maharashtra times,Marathi daily
1838: The first edition appears on November 3, 1838, known as The Bombay Times and Journal of Commerce . The newspaper was published twice a week under editor J.E. Brennan. It is basically a city paper reflecting the interest of Bombay's business community. [
1846-1857: The newspaper changes hands and George Buist , LL.D, F.R.S., becomes the editor of the Times from 1840-57.
1850: Shareholders decide to increase the share capital and the paper is converted into a daily.
1859: Bombay Standard and Chronicle of Western India merges into The Bombay Times and Journal of Commerce to form Bombay Times & Standard
1861: Editor Robert Knight amalgamates The Bombay Times & Standard and Bombay Telegraph & Courier to form The Times of India and gives it a national character.
1880: The Times of India Weekly Edition is launched name later changed to The Times of India Illustrated Weekly and finally to The Illustrated Weekly of India in 1923.
1890: Editor Henry Curwen buys The Times of India in partnership with Charles Kane.
1892: Following Curwen's death, Thomas Jewell Bennett becomes the editor and enters into a partnership with F.M. Coleman to form a joint stock company - Bennett, Coleman & Co. Ltd. (BCCL).
1907: In the newspaper's first price war under editor Stanley Reed, the price is cut from 4 annas to 1 anna, and circulation rises 5 times.
1946: For the first time, the paper transfers to Indian ownership. Ram Kishan Dalmia buys out Bennett, Coleman & Co. Ltd for Rs. 2 crores.
1948: Sahu Jain Group become the owners of the company after Dalmia sells the firm to recover 2.5 crores he needs to pay back to an insurance company. Sahu Shanti Prasad Jain, son-in-law of Ram Kishan Dalmia, becomes the first chairman of the group.
1950: Delhi edition is launched with K. Gopalswami as the first Indian editor.
1952: Filmfare launched and started by J.C Jain, the first Indian to be the GM of TOI.
1959: Femina is launched.
1960: Sahu Ramesh Chandra Jain joins BCCL
1961: The Economic Times is launched.
1982: Samir Jain join BCCL.
1984: Times of India, Bombay set up modernised newsroom (including new look classified pages)
1985: Times of India, Delhi set up modernised newsroom (including new look classified pages)
1985: Nandita Jain join BCCL and started Saturday Times (in color)
1986: Vineet Jain join BCCL after came back to Delhi (finishing his education).
1986: Times of India and Navbharat times, Patna edition started.
1987: Printing of The Times of India from Kandivili Press.
1990: The Times School of Marketing is established as an in-house training school to feed the group
1991: BBC features The Times of India among the world's six great newspapers.
1993: BCCL starts production of television software.
1996: The Times of India crosses 1 million mark in circulation.
1998: BCCL enters into music market with Times Music.
1999: Indiatimes webportal launched; BCCL enters music retailing business with Planet M
2000: The Times of India crosses the 2 million mark in circulation.
2000: Timesofmoney - JV with Citibank.
2001: Radio Mirchi - Nationwide Private FM Broadcasting.
2001: 360 Degrees - Event Management Arm launched.
2002: Times Outdoor - Outdoor Advertising & Billboard Marketing.
2003: Times Classifieds - Classifieds site catering to web audiences, the group publications and also publications from other countries like Sri Lanka.
2004:Launch of the Times Private Treaties - The Innovative Branding Solution from The Times Group stable.
2005: Launch of a Matrimonials website TimesMatri
2006: Launch of a television News Channel called Times NoWin collaboration with Reuters
Radio Mirchi holding company ENIL (Entertainment Network India Limited) lists on the Indian stock markets. It is the first Times Group company to List on the bourses.
2007:Launch of The Times of India - Kannada
2008:Launch of SimplyMarryZine.com
2009:Launch of ET Now- A business news channel
2010:Launch of The Times of India, Coimbatore Edition
Times of India ltd, India times is the internet division of the times groups. It offers a variety of value added services related to knoweldge,events,telecom, and integrated marketing.
Indiatimes is about a vibrant, young and friendly ambience. It emphasizes on hard work,creativity,intellectual freedom and excellence at work place.
It provides expert guidance, cross-learning env.and several training programmes.
Dinesh wadhawan-Managing director & CEO
Ajay Vaishnavi-Director Telecom.
Rajesh Kalra-Chief Editor
To be the largest & most admired media brand enabling socio-economic change.
Our pillars to achieve the vision.
Innovative product & process.
Oldest newspaper(1838) Late & repeated
Biggest brand, good Less information about
reputation in mind of the stock market
customer. Grammar &vocabulary
Invitational prices mistakes.
1,10,00 copy per hour. Late circulation in small cities
Literacy rate increases people are getting
day by day. Knowledge from internet,t.v
People focus more on radio.etc.
Current assets are those assets, which can be converted in to cash within a year or an operating cycle. These includes cash in hands, cash at banks,debtors,finished goods, short term loans etc.
Current liabilities are those lib.,which have to pay during one year. These include creditors,bills payable,bank overdrafts,,short term loans etc.
formulae:- current assets
YEAR 2007 2008 2009 2010 2011 Current Assets 16,177.28 20,692.91 19,908.23 39,004.19 47,871.89 Current Liabilities 24,145.19 29,228.54 42,664.81 48,018.65 61,399.87 Current Ratio 0.67 0.70 0.46 0.81 0.77
It is also called as ACID test ratio or liquid ratio.with the help of this ratio,the capacity of the firm to pay its current liabilities immediately is measured.
Operating ratio margin ratio indicate how much profit a company makes after paying for variables cost of production such as wages, raw materials etc.It shows the efficiency of a company controlling the costs
Year 2007 2008 2009 2010 2011 Operating profit ratio 18.26 16.76 17.01 15.60 15.24
A supply chain is a linked set of resources and processes that begins with the sourcing of raw material and extends through the delivery of end items to the final customer. It includes vendors, manufacturing facilities, logistics providers, internal distribution centers, distributors, wholesalers and all other entities that lead up to final delivery of the product or service to the customer.
BUILDING A SUPPLY CHAIN
The key objective of a supply chain is to fulfill customer needs. This can be achieved by fulfilling the demand with a timely supply of products and services at an optimum cost. Managing this dynamic process of supply and demand, and integrating all the stages and sub stages is crucial for organisations. Failure to achieve this integration may lead to the crumbling of the entire supply chain framework and disrupt the organisational progress.
SUPPLY CHAIN DECISIONS
Organisations make strategic decisions for their supply chain to ensure that the demand generated by the customers is balanced with the supply of products and services and both the customers is balanced with the supply of products and services.
For a supply chain, decisions are made across three levels or phases:
i) Strategic phase
ii) Tactical phase
in this phase, organisations plan the supply chain processes for the next several years. Typically, market uncertainties are taken into account while making these decisions. These decisions revolve around:
a) Location and capacity of production facilities and warehouses
b) Productions to be manufactured or stored at various locations.
c) Modes of transportation to be availed for materials shipment
ii) Tactical Phase:
In this phase, the basic design constaints established in the strategic phase contribute to the decision-making process. Typically, these decisions revolve around:
a) Markets to which products to be supplied
b) Promotional marketing strategies to be adopted.
iii) Operational Phase:
In this phase, the time under consideration is weekly or daily, and the decisions are primarily specific to the immediate next step in the process. Typically, these decisions revolve around:
a) Allocating inventory materials to meet individual orders
b) Setting up of delivery schedules and placing for replenishment.
SUPPLY CHAIN FLOW
Organisations derive the fitness required for an effective and efficient performance by regulating the supply chain flow.
There are three types of flows across a supply chain:
a) Products or materials
c) Money or finance.
The successful management of supply chain flows depends on the following factors.
Organisations adopt several modes or a combination of modes and routes for transporting the inventory materials.
This consists of data and analysis regarding the facility locations, inventory levels, transportation choice and customers at all levels across the supply chain
Inventory levels that are stocked in the warehouse affect the responsiveness of the supply chain directly by either fulfilling the demand, postponing it, or failing to fulfill the demand, which may lead to the company losing out on the customer
Newspapers are a difficult fit for traditional supply chain models and suppliers.
Newspapers speak a foreign language, with each property adopting its own dialect.
Complex inbound strategy for raw materials is replaced by commodity buying of newsprint and ink.
The intangible and unpredictable flow of news and information defines production parameters.
Product size, shape, and configuration vary from day-to-day and week-to week.
Time available from production to useful consumer delivery is shorter than any other industry.
All critical distribution is performed at night, in predominantly short shifts.
SUPPLY CHAIN MANAGEMENT NEWSPAPER CHALLENGES
SUPPLY CHAIN INTEGRATION
Balancing time and workflow across the supply chain will yield the largest results.
The key to unlocking this potential is the availability of information. While efficient, system wide information capture will take time and a step-by-step approach, gains will be realized each step of the way.
A dynamic cost and process flow model of the newspaper supply chain will be essential in keeping pace with changing needs and demands within the newspaper industry.
NEED OF THE STUDY
It is felt that there is the need to study the role of Supply chain is the network of organizations that are involved, through upstream and downstream linkages, in the different processes and activities that produce value in the form of products and services in the hands of the ultimate consumer.
STATEMENT OF THE OBJECTIVES
Study the applications of the concept of supply chain management with the implementation on times of India SCM process & principles .
To study about the whole operation
To analyze the data with relation of supply chain management processes .
To show the financial health of the company by analyzing the ratios with the help of company Balance sheets , Manuals , P & L statements and key indicators ratios.
Research in common parlance refers to a search for knowledge. One can also define research as a scientific and systematic search for pertinent information in a specific topic. It is pursuit of truth with the help of study, observation, comparison and experiment.
OBJECTIVE OF RESEARCH
To gain familiarity with a phenomenon or to achieve new insights into it.
To portray accurately the characteristics of a particular individual, situation or a group.
To test a hypothesis of a causal relationship between variables.
TYPES OF RESEARCH
Descriptive Vs. Analytical :
Descriptive Research includes survey and fact finding Enquiries of different kinds. The major purpose of descriptive research is decryption of the state of affairs as it exist at present . In social science and business research be quit open use the term as fast facto research for descriptive research studies .
Applied Vs. Fundamental :
Research can either be applied research or fundamental research . Applied Research aims at finally a solution for an immediate problem facing a society or an industrial / business organization . Where as fundamental research is mainly concerned with generalization and with the formulation of a theory .
Quantitative Vs Qualitative :
Quantitative research is based on the measurement of quantity of amount. It is applicable to phenomena that can be expressed in terms of quantity . Qualitative research on the other and is concerned with qualitative Phenomena.
Conceptual Vs. Empirical :
Conceptual research is that related to some abstract ideas or theory . It is generally used by Philosopher and thinkers to develop new concepts or to reinterpret existing one’s. On the other hand empirical research realize on experience or observation alone , often without due regards for system and theory .
TYPES OF RESEARCH USED IN STUDY :-
In this study descriptive research is used. The major purpose of descriptive research is description of the state of affairs . As it Exist at present . In this study the information collected about the product from retailer as well as consumers by using interviews and questionnaires .
Design regarding what where when how much by what means concerning an enquiry for research study constitutes research design . A Research design is the arrangement of conditions for collection and analysis of data is a manner that aims to combine relevance to the research purpose with economy in procedure .
SCOPE OF THE STUDY
Advanced planning system, which provide global visibility to the entire supply chain management have to be planned for all organizations in the distributor channel and concurrently plan for all materials and resources.
Plan online interactively too automatic competitive decisions. Plan around the constraints and be flexible to respond to changing condition.
Advanced execution system
Primary data are those data which are collected afresh arid too the first time for the purpose of project.
Primary data required for the analysis is collected mainly by interview and discussion with concerned person. Interview and discussion were held with executives having different status and range of responsibilities assigned by the company
The secondary data are that data which already has been collected by someone and which have already been passed through the statically process. The secondary data, published broachers of the company are the most important and reliable source of financial data of business enterprise.
Q. Does your supply chain management process fulfill the customer needs ?
Response No.of respondents % of respondents Up to great extent 6 60% Up to some extent 2 20% Up to very less extent 0 0% Above at all 1 10% Can’t say 1 10%
Q. How can you say your supply chain management process fulfill the customer needs?
Response No.of respondents % of respondents Timely service 6 60% Optimum cost 4 40% Total 10 100%
Q.Why has Supply Chain Management become so popular?
Response No. of respondents % of respondents Technological innovation 5 50% Increase productivity reduce cost 2 20% Global competition 3 30% Total 10 100%
Q.For a supply chain, decisions are made across on what levels or phases?
What are the difficult fit for traditional supply chain of times of India Newspapers ?
Response No.of respondents %of respondents Foreign language 2 20% Inbound strategy for raw material 1 10% Production parameters 4 40% Time available for production 3 30% Total 10 100%
20 % Respondents said Transportation because Organisations adopt several modes or a combination of modes and routes for transporting the inventory materials.
50% of the respondents said Information because this consists of data and analysis regarding the facility locations, inventory levels, transportation choice and customers at all levels across the supply chain.
30 % said Inventory because Inventory levels that are stocked in the warehouse affect the responsiveness of the supply chain directly by either fulfilling the demand, postponing it, or failing to fulfill the demand, which may lead to the company losing out on the customer.
The following activities in a supply chain are performed to accommodate changing needs in economic situations or customer demands:
Due to Supply chain management newspaper challenges these are the barriers according to the respondents .
The primary components affecting the total supply chain cost for a newspaper according to the respondents are :
Inbound Information which includes advertising, news, editorial, pagination
Press Operations which includes plate making through pressing
Packaging Operations which includes handling, insertion, storage, package design & flow
Distribution Operations which includes transport mode, timing, locations, and handling.
In much the same way that the Times of india supply channel activities need to be monitored and managed, so will those of the distribution chain. Now days we can observe that the world is leading toward fast modernization and on the other hand technological changes are also at its peak. Thus its important for every industry to develop its supply channel Process to be stable and alive in the huge market scenario.
Information should be Proper Integrating.
Enabling should be global process visibility and co-ordination between all distributor channel partners of Times of India.
Improving overall though put and asset utilization in the organization .
Empowering peoples of times of India to identify and solve problems proactively.