Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

Presentation ON project

103 views

Published on

  • Be the first to comment

  • Be the first to like this

Presentation ON project

  1. 1. PROJECT REPORT TITLE A STUDY OF INVENTORY MANAGEMENT SYSTEM AND FINANACE CONTROL COMPANY NAME NCL INDUSTRIES LIMITED Presented by: Varun Bhardwaj INSTITUTE OF INTERNATIONAL BUSINESS & RESEARCH
  2. 2. CEMENT DIVISION BOARD DIVISION ENERGY DIVISION PREFAB ( Nagarjuna) ( Bison Panel) ( NCL Energy) (NCL Prefab Shelter) NCL SCCOLOR NCL ALTEK NCL HOMES
  3. 3. NCL GROUP  Group of companies manufacturing a range of building materials.  The objective of the Group is "to provide comfortable housing at an affordable price".  After establishing the Cement plant in 1983 the group has started identifying building materials which are best suited for Indian construction industry .  The group also has interests in Construction, Power Generation and manufacture of Chemicals.  The turnover of the group in the Year 2008-2009 is around Rs 500cr and employs above 1900 people.  Company head office is in Hyderabad .
  4. 4. 1.CEMENT DIVISION 2.BOARD DIVISION 3.PREFAB DIVISION 4.ENERGY DIVISION
  5. 5.  NCL made its debut in Indian Industrial Scene by starting to manufacturing cement under brand name Nagarjuna that enjoys premium in the Andhra Pradesh Market for its consistent quality and strength.  Company diversified its activities by setting up a boards plant for manufacture of Bison Panel a cement bonded particle board in collaboration with Bison Werke of Germany .  It is also in the growth area of Hydel power generation with 2 mini power projects at identified sources in Andhra Pradesh and Karnataka  NCL’s group companies promoted manufacture of Seccolor prepainted steel profiles for world class windows, doors, partitions, structural glazing etc  Having completed 25 years of its existence NCL continues its march with its corporate mission of offering quality building materials with the latest technologies.
  6. 6.  A multi-purpose Cement Bonded Particle Board (CBPB) manufactured by NCL Industries Limited for first time in India, in Technical Collaboration with BISON WERKE of Germany.  The Plant has been set up near its Cement Plant in Nalgonda District of Andhra Pradesh during 1992  The Boards Division is an ISO 2000 Certified Company and the Bison Panel conforms to ISO Standards  NCL setup new boards plant with an installed capacity of 50,000 TPA at Paonta Sahib in Himachal Pradesh to cater the requirements of North & North-East Regions.
  7. 7.  To manage inventory position  To maintain the record of raw material as well as physical stock.  To reduce cost of inventory  To reduce the wastage of raw material  To control the flow of raw material and finished goods according to demand
  8. 8.  MAINTAINING PHYSICAL STOCK REGISTER (stock detail in month of May 09) (stock detail in month of June 09)  MAINTAINING OF DAILY STOCK REGISTER. (RG.2007-08) , (RG. 2008-09)  IMPLEMENTING ABC ANALYSIS  IMPLEMENTING EOQ METHOD  IMPLEMENTING LIFO/FIFO METHOD
  9. 9. › The previous order of ppc cement was 21 order per year but EOQ which was suggested is 353 order per year. › The previous order of poplar wood was 36 order per year but EOQ which was suggested is 300 order per year. › The previous order of aluminum sulphate was 12 order per year but EOQ which was suggested is 30 order per year. › The previous order of sodium silicate was 54 order per year but EOQ which was suggested is 60 order per year. › The company does not maintain daily stock register as well as physical stock.
  10. 10.  The necessary steps to control its inventory of Finished Product as well as Raw Material.  Inventory position by obtaining proper inventory methods e.g. ABC Analysis, EOQ Method, LIFO, FIFO, Etc. can reduce the cost of inventory.  Physical stock and daily stock register can maintain the record of inventory position.  Bin Card system should be implemented in stores to maintain & check store items.
  11. 11.  It is to be taken into consideration that the company was not implementing the ABC and the EOQ techniques.  There was a huge variance between the previous ordering quantity to the quantity proposed by implementing the inventory valuation techniques.  To cater market demand in Northern region the company should focus its Quality Policy as well as low cost product.

×