Organizational Study at Steel Industries Kerala Limited Presented by Nair Venkatesh Ravidranath S1 MBA IMT
INTRODUCTIONThis study is aimed for knowing the differentlevels of the organization and its functioningtowards the society . As a management student this study willreveal about the important facts aboutefficiency of the management.
INDUSTRY PROFILE• Steel has had a major influence on our lives, the cars we drive, the buildings we work in, the homes in which we live and countless other facets in between. Steel is used in our electricity-power-line towers, natural-gas pipelines, machine tools, military weapons- the list is endless. Steel has also earned a place in our homes in protecting our families, making our lives convenient.
Objective of the study: To study the overall functioning of the firm.
COMPANY PROFILE• Steel Industries Kerala Limited (SILK), a fully Government of Kerala Undertaking was established in 1975 and started its production in 28th February 1980.• Its is a major industrial conglomerate in the State of Kerala, with in house infrastructure facilities for design and engineering, steel and structural fabrication, manufacturing of steel and iron casting, alloy steel forgings, machines, etc.
• Steel Industries Kerala Limited (SILK) was incorporated under the companies Act, 1956 and is fully owned by the Government of Kerala and governed by a Board of directors.• The Steel Fabrication Unit at Cherthala commenced commercial production in 1980.• The total Land available in Steel Fabrication Unit is 26 Acres.• SILK has 5 Manufacturing Units, 2 Service Divisions and 2 Subsidiary Companies -
Manufacturing Units• Steel fabrication Unit, Cherthala, Alappuzha.• Ship Breaking Unit, Beypore, Kozhikode.• Ship Building Unit, Azhikkal, Kannur.• General Engineering Works, Thuravoor, Alappuzha.• Foundry Unit, Ottapalam, Palakkad. Service Divisions• Power Engineering & Export Division, Thrissur.• Trading Division, Thrissur. Subsidiaries• Autokast Limited, Cherthala, Alappuzha.• Steel & Industrial Forgings Limited, Thrissur
VISSION AND MISSION OF THE COMPANYVision To be the worlds most reliable and innovative manufacturer, service and solution provider in the steel industry.Mission To supply high-quality steel products, providing related services and solutions to a worldwide client base while utilizing innovative technologies within an environment of motivated employees focused on continuous improvement, highest business standards, work ethics and corporate citizenship, leading to added value to our customers and sustained return on investment to our shareholders.
DEPARTMENTAL PROFILE• Human Resource Development Department• Finance Department• Production Department• Material & Projects Department• Marketing Department
Human Resource Department• IT IS A SPECIALIZED BRANCH OF MANAGEMENT.• IT AIMS AT RELATING PEOPLE AT WORK WITH THE ACTIVITIES NECESSARY TO ACHIEVE GOALS.• PROVIDES NECESSARY TRAINING.• RESPONSIBLE FOR THE SATISFACTORY RELATION SHIP BETWEEN ORGANIZATION AND PEOPLE
FINANCE DEPARTMENT• FINANCE IS THE PROVISION OF MONEY WHEN IT IS NEEDED.• IN SILK IT IS CONCERNED WITH MAINTENANCE OF ACCOUNTS AND PREPARATION OF FINAL ACCOUNTS.• COMPANY FOLLOWS DIFFERENT TYPES OF AUDIT SUCH AS INTERNAL AUDIT EXTERNAL AUDIT .
Production Department• Entrusted with actual production and fabrication of steel.• Process of shaping, refining, and improving the mechanical properties of metals.• Control plastic deformation under impact or pressure.
Material & Projects DepartmentIt is divided in to purchase section, store section, and project section.• Purchase Section –1. Deals with the purchasing of goods.2. Evaluates the offer received from the various vendors.3. Considers many factors such as price, quantity, quality, delivery time etc.
• Store Section –1. Responsible for receiving raw materials and getting clearances from quality control department for issuing them to production.2. This departments records the movement of raw materials, consumables, and spares and maintain records like daybook, goods receipt, bin card etc
• Projects Section – Concerned with undertaking various projects like expanding factory building, and maintaining computer system in all department of the company and also for networking the departments.
MARKETING DEPARTMENT• MARKETING DEPARTMENT DEALS WITH SALES OF THE PRODUCTS.• IN SILK MARKETING PROVIDES VARIETY OF FUNCTIONS RIGHT FROM CUSTOMER TO PHYSICAL DISTRIBUTION OF GOODS• PRIMARY DUTY IS TAKE DECISION OF PRODUCT MIX AND PROMOTION.
CONCLUSIONFrom the organizational study conducted atSteel Industries Kerala Ltd , I got a practicalexperience regarding the organizationalfunctioning . So I arrived at the conclusionthat the organization is not working properlydue to inefficiency of management.