1. Table of Contents
S/L Title Pages
1 Executive Summary 1
2 Introduction: 2-4
3 Scope of the Study: 4
4 Objective of study 5
5 Mission of study 5
6 Vision 5-6
7 Methodology 6
8 Limitation of the study 7
9 Data Process Analysis 7
10 Recomendation 7
11 Conclusion 7-8
12 Refference 9
2. 1
Executive Summary:
Thisinternshipreportbasedonthe three monthslonginternshipprogramthatIhad undergone in
BeximcoPharmaceuticalsLimited.Asthe apprenticeof BBA programI have triedmy bestto gatherall
necessaryinformationandexplanationsfromBPLto prepare thisreport.
Namelythisreportis“Applicationof InventoryManagementSystem:A studyonBeximco
PharmaceuticalsLtd.”.Thisreportiscomprisedof twobroadparts: firstone is Organizationpartand
secondor lastpart is Projectpart.The heartfocusof thisreportis onthe Projectpartand the
organizationpartrepresentsthe overallpicture of thisreport.
The specificobjectivesof thisstudyorreportare to know,todetermine the overall techniquesor
proceduresof InventoryManagementSystemof BPLandhow to keepitsinventorymore effectively
then before.Forthispurpose Ihave preparedthisreportinthe lightof the secondarydataof BPL and
itsvariousemployees.
In thisreport,I have shownthe differentdiagramswhichare relatedwiththe inventorymanagement
system.Those diagramsorformsare representsthe overallpicture of how recordinventorymanually
and systematically.AlsoIhave representedthe currentandpreviousconditionof inventoryanda
comparative explanationof Square withgraphs.Asaresult,thathelpstounderstandtoknow about
organizationconditionseasily.
Finally,BeximcoPharmaceuticalsLtd(BPL) isone of the leadingedge pharmaceutical companiesandisa
memberof the BEXIMCO Group.The strategicstrengthsof BeximcoPharmaare itsstrongbrand
recognition,highlyskilledworkforce anddiversifiedbusinessmix.Thisreportcastsa flashon BPL’s
InventoryManagementSystem,itsCycle andthe relatedprocedureswithtechniques.
3. 2
Introduction:
BeximcoPharmaceuticalsLtd(BPL) isa leadingmanufacturerof pharmaceuticalformulationsandActive
Pharmaceutical Ingredients(APIs) inBangladesh.The companyisthe largestexporterof
pharmaceuticalsinthe countryandits state-of-the-artmanufacturingfacilitiesare certifiedbyglobal
regulatorybodiesof Australia,Gulf nations,Brazil,amongothers.The companyisconsistentlybuilding
uponits portfolioandcurrentlyproducingmore than400 productsin differentdosage formscovering
broadertherapeuticcategorieswhichinclude antibiotics,antihypertensives,antidiabetics,
antireretrovirals,anti asthmainhalersetc,amongmanyothers.
The company wasincorporatedin1976 andcommencedoperationsin1980 withthe manufacturingand
marketingof productsof Bayer AG,Germanyand UpjohnInc., USA underlicensing
arrangements.In1983,the companystartedmanufacturingitsownformulationsanditlaunchedexport
operationin1992.
In 2005 BeximcoInfusionsLtd,the companythatproducesintravenousfluids,wasamalgamatedwith
the parentcompany.In the same year it completedthe state-of-the-artoral soliddosage plantin
compliance withthe USFDA and UK MHRA standards,whichhas beenapprovedbymajorglobal
regulatorybodies.
Today BeximcoPharmaisthe largestexporterof pharmaceuticalsinthe countryandthe onlycompany
to winNational ExportTrophy(Gold),the highestnational accolade forexport,forrecordthree times.
The company isthe largestproducerof MeteredDose Inhalers(MDIs) inthe country,and the firstto
produce CFC free inhalers.BPLisalso the firstcompanyto produce anti-retroviral drugs(ARVs) locally
Locatedat Tongi,nearthe capital city Dhaka,BPL s manufacturingsite isspreadoveranarea of 20 acres
whichhousesanumberof self containedproductionunitsincludingoral solids,metereddose inhalers,
intravenousfluids,liquids,ointments,creams,suppositories,ophthalmicdrops,injectables,nebulizer
4. 3
solutionsetc.The bulkdrugunitforproducingparacetamol isalsolocatedwithinthissite.Companys
penicillinAPIandformulationunitsare situatedatKaliakoir,afew kmsfromthe mainsite.
The plant andmachinerythroughoutthe site have beendesignedbyandprocuredmostlyfrom
renownedEuropeancompanies.
BeximcoPharmahasitsownutilityinfrastructure toensure adequate generationanddistributionof
purifiedwateratall times.The installedcapacityof powergenerationis8MW. There isalsoliquid
nitrogengenerationfacilityonsite.InventoryManagementof Manufacturingpubliclimitedcompanyisa
broad area.Withinthe time
5. 4
Scope of the Study:
periodof three monthsallottedforinternship,itisvirtually impossible tocoverall aspectsof Inventory
Management.So,the scope of my studyis limitedonlytothe compliance of those asfollowedby
BeximcoPharmaceutical Ltd.Inpreparingthe report,Ireview andanalyze the informationpublishedin
the annual reportfor the year 2002-2007. Anychange inInventorypoliciesinrespectof providing
informationafterthisperiodisbeyondthe scope of mystudy.
Objective of the study:
A broadobjective of the reportisthe comparative analysisof currentyearandpreviousyearinventory
positionof BeximcoPharmaceuticalsLtd.The specificobjectivesthose are discussedtohelpin
explainingthe broadobjective are asfollows:
• to determinethe overalltechniquesorproceduresof Inventory ManagementSystemof BPL.
• to analyze the inventorymanagementandforecastthe policy.
• to understandthe flowof documentsof eachinventoryinBPL.
• to explaindevelopthe systemof InventoryManagementof BPL.
• to recommendsome actionplantoincrease the efficiencyof BPL.
Mission of theStudy:
Each of BeximcoPharmaceuticalsLtdactivitiesmustbenefitandaddvalue tothe commonwealthof
theirsociety.Theyfirmlybelieve that,inthe final analysisare accountable to eachof the constituents
withwhomtheyinteract,namely:theiremployees,customers,businessassociates,fellow citizensand
our shareholders.
6. Vision of the Study:
BPL has transformeditsactivities,culture,styleandphilosophytomeetthe demands of the new
millennium.Businessdiversificationsthatare strategicallyimportantforsustainedgrowthare resultsof
itsvisionof the future.A multi-milliondollarpharmaceutical formulationplantwhichwill be fullyupto
the USFDA standardis beingbuilt.Oncompletion,thisplantwouldbe one of the mostmodernplantsin
thisregion.Several newbulkdrugfacilitiesare beingdevelopedtobackwardintegrate theirhighvolume
products.BPL's commitmenttoitscustomersisto alwaysofferthemthe best bothinproductquality
and services.
Methodology of the study:
Thisreporthas beenpreparedonthe basisof experience,whichIwasgatheredduringthe periodof
internship.Forpreparingthisreport,Ihave alsogotinformationfromvariousemployeesof Beximco
Pharmaceutical Limited(PlanningDept.,SalesorMarketingDept.,AccountsDept.,Purchase Dept.,etc),
annual reports,differentbooksespeciallyBBA,andwebsite of the BeximcoPharmaceutical Limited.
The requiredinformationforthisstudy collectedinvariousways.Firstly,the primaryinformationand
data’sare collectedas-
o Discussion.
o Personal interview.
o The observationmethod.
o Literature studyand
The secondarysourcesof the informationanddata’sare collectedas -
o Annual Reports.
o Web-sites.
o PreviousInternshipReports.
In thisstudy,exploratoryresearchwasundertaken.Toundertake the research,some primarytaskshad
to be accomplished:
1) Searchfor secondarydata
ü Studyreportson Bangladeshpharmaceuticalsmarket
ü Market researchdone by BPL
ü InformationpublishedbyInformationMedical Statistics(IMS)
ü Reference booksonthe pharmaceuticalsmarketing
7. 6
Limitations of the Study:
There were some limitationsof the study,butamongthose some majorlimitationshave been
mentionedbelow-
• The durationthat isfor internshipisnotenoughtolearnabouta bigorganizationlike Beximco
PharmaceuticalsLimited.
• Fornon-availabilityof secondarydataandfor time limitationitwasnotpossible toworkonthe
basisof board data.
• Due to restrictionof time,Icouldnotget detailedinformationabouteveryDepartmentsof BPL.
• Incase of preparingInventorycycle,Ifacedlotsof difficultiestocollectthe confidential datafrom
BPL.
• Lack of confidential informationaboutthe organizationmakesmanymistake andtargetedaim.
Data Processing and Analysis:
The secondarydata’sand information’ssourceshave beenprocessedandanalyzedmanuallyand
qualitative approachhas beenusedthroughoutthe study.
Analysisfocusesontrendsand changesinfinancial statementitemsovertime.Alongwiththe taka
amountspresentedinthe financialstatements,horizontalanalysiscanhelpafinancial statementuserto
see relative changesovertime andidentifypositiveorperhapstroublingtrends.
The secondarydata are those whichhave alreadybeencollectedbysomeone else andwhichhave
alreadybeenpassedthroughthe statistical process.Frommytermpaper,secondarydatawere
collectedmainlyfrominternettocollectannual reportsaswell as financial highlightsof the company.
Anotherimportantsource wasthe annual reportsof the companies.
we have foundthe followingfindings:BeximcoPharmaeuticalsLtd.strictlyfollowsthe rulesand
regulationsof cGMP.
BeximcoPharmaeuticals Ltd.hasgotthe TGA approval of Australiathisyear.
BeximcoPharmaeuticalsLtd.isgoingtointroduce small volumeparenterals(SVP).
• Enoughpaste control device isavailable insidethe plant.
• A separatedSamplingBoothisavailable inwarehouse where temperature,humidity,and
pressure iscontrolled.
8. 7
• Rejectedmaterialsare keptlockedtoreduce the possibilityof mix-upwiththe released
material.
• Hazardouswastesare destructedsafelybythe collaborationwithicddrb.
• BeximcoPharmaeuticalsLtd.hasa separatedtrainingdepartment.
• Central Warehouse of BeximcoPharmaeuticalsLtd. isverylarge andwell arranged.
• QualityControl departmentiswell equipped.
• RD departmentisself sufficientforthe developmentof new product.
Recommendation:
Afteranalysisof differentfinancialperformance measuresand comparingwithotherparticularindustry
BPL financial performanceiscomparativelyhighandsometimesthiscompany’ssecondposition.
Improve the recommendedsectorsif these are possible.The recommendedsectorsare givenbelow:
Leverage of the company indicatesthatBPL usingmore equitycapital thanlongtermdebtcapital,
whichisnot a good signal forthe companybecause itindicateslackingof outsourcing.Consideringthe
comparative companydataBPL is clearlybehindfromthe maincompetitorlike Square inthe contextof
activityratio.
The possible causesof fall of returnonasset,returnon equityratioare risinginthe cost of production,
administration,finance cost.
• BPL may reduce theiroperatingandnon-operatingexpensesinordertoincrease the
profitabilityof the company.
• BPL shouldorganize seminar,campaignanddosome promotional activitiestoprovide proper
knowledge andusedaboutmedicine.
• Evaluationforthe goodperformance of the employeesbyintroducingawardandincentives.
• BPL shouldtryto performsome social responsibilitylike providingfree doctorsandmedicine
facilitytoanyrural areas forparticularperiodof time.
9. • Overall performance measurementshowsBPLnotonlyprovide operational performance butit
alsoprovide betterworkenvironmenttothe employee,exclusive salarystructure andcontributionto
the social welfare.
Conclusion:
BeximcoPharmaceuticalsLimited(BPL) isone of the well-knownnamesinthe businesssectorof
Bangladesh.The companywasat top three orfour yearsago. Still now ,the companyshowingits
growth.The companycan’t performwell withoutitsinternal performance evaluation.One of the
populartechniquestoevaluatethe performance isratioanalysis.Andi usedthe same techniquesto
evaluate the performance of BPL.BPLisone of the marketleaderandinsome casesmarketleaderinthe
pharmaceuticalsindustryof Bangladesh,Itisgraduallyexpandingitsassetsandable toproperutilize its
assetswell.The overall financialposition of the companymaybe saidto satisfactoryoverthe years.
Since BPL isa good concernof BeximcoGroup,sothe positionmayagainbe improvedif management
becomesmore careful of income andexpenditure,usingof workingcapital.
I had a strong desire togatherpractical knowledgeduringmyin-planttrainingfromBEXIMCO
PharmaceuticalsLtd.isthe leadingpharmaceutical industryinBangladesh.Itscontributionforthe
developmentof national economyiswell known.BEXIMCOPharmahavinga pioneeringrole in
exportingpharmaceuticalsfromBangladesh.The plantlayoutof the Beximcopharma.Ltd.isexcellent
and well organized.Theyhave large areaandtheycan easilyextensionof plantif itisnecessary.
The 2 weeksin-planttraininghelpsustounderstandthe stepsof tabletcoating,methodof granulation,
compression,Liquidfilling,asepticconditionandmuchdifficulttopicsof pharmaceuticals.
Duringin-planttraining,we gotlotsof co-operationfromeverypeople of everysectionandwe
delightedfortheirfriendlyapproach.We satisfiedandproducthave the modernknowledgeand
practical experience fromawell reputedfactorylikeBeximcoPharmaceuticalsLtd.Thispractical
knowledge willhelpusinmyfuture professional life.
10. Reference :
Information are takenfromvarioussources.Some of the mainsourcesare given below:
www.Beximco-pharma.comwww.beximcolimited.com
www.slideshare.net
www.docstoc.com
www.assignmentpoint.com
www.studymode.com
www.ukessays.com
www.essaysforstudent.com
www.asiamedia.ucla.edu
www.moneyhub.net
www.scribd.com