Inventory control and

management
 INTRODUCTION
 The economic growth of the nation mainly depends upon the
development of industries in that country. Our country has mixed
economy system in which both private and public sector exists. This
combination will avoid monopoly, creates a hygienic competition and
paves way for the industrial growth. As a result the nation will
achieve economic development and economic growth.

 Tagros is India’s leading manufacturer cum exporter of range of agro

chemicals. A strong commitment of adhere to highest standrards
quality and care for its people and environment are the guiding
principles.

 The term inventory refers to the stockpile of the product a firm is

offering for sale and the components that make up the product.
 Inventory is the major current asset.In other words, inventory is
composed of assets that will be sold in future in the normal course of
business operation.

 Inventory as a current asset, differs from other current assets for the
simple reason that only financial mangers are not involved. Rather, all the
functional areas, i.e. finance,marketing,production and purchasing are
involved.

 The present study is concerned with the inventory management and

control in Tagros Chemicals India Ltd at Cuddalore.
 OBJECTIVES
The objectives of inventory management are
 Efficient management of inventory should ultimately result in the
maximization of the owners wealth.
 While the management should try to pursue the financial objective of
tuning inventory as quickly as possible, it should at the same time ensure
sufficient inventories to satisfy production and sales demands
 Optimum level of inventory should be determined on the basis of the
tradeoff between costs and benefits associated with the levels of inventory.

It consists of two counter balancing parts:

 To minimize the firm’s investments in inventory, and
 To meet a demand for the product by efficiently organizing the firm’s
production and sales operations.
 COMPANY PROFILE
 Tagros is the unit of Jhaver group of companies.Tagros is India's leading
manufacturer exporter of a range of Agrochemicals. A strong commitment to ad here
to highest standards of Quality and care for its People and Environment are the
guiding principles which has transformed this company in rising from a humble
beginning a decade back to a leading player in Synthetic Pyrethroids today.

 Tagros currently offers a range of high value Synthetic Pyrethroids, Pesticide

Intermediates and Fungicides. Apart from these, a wide range of Formulated
products based on these active ingredients are offered.

 The Jhaver group of companies was started in 1894 as a trading and distribution
company, over the last 100 years constant innovation and expansion have seen this
group prosper and diversify in the fields of drugs,pharmaceuticals,Agro-
chemicals,Textile chemicals,IT etc.
 BUSINESS DIVISIONS

 Tablets
 Chemical Businesses
 Zipper Business
 Coated Fabrics
 Garments
 Product,an innovative software service company
 COMPANY DETAILS
 Name of the company : Tagros Chemicals India Ltd.,
 Contolling Authority : Corporate Office in Chennai.
 Mangaging Director : Mr.Jhaver and Groups
 Establishment/origin : 1993
 Commencement of prodn., : 1995
 Total Production : 1500 Metric Ton/Annum
 No.of.Plants :5
 No.of.Employees : 300
 Contract Employees : 1500
 RESEARCH METHODOLOGY
There are many types of research available in the field like

 Historical research
Descriptive research
Explorative research etc.,

In this study I have used Descriptive research to collect the relevant

information and Historical approach to have the Employee information.

Methods of Data Collection

Primary Data
Secondary Data
 Primary Data:
Primary Data required for the study collected through interview and
questionnaire method.

 Secondary Data:
It was collected from the Purchaseorders/Schedules/Amendments/
suppliers masters file,vendors invoices, Materials specification
file,Quotation file and comparative statement.

 Secondary Data were collected from the following publishing:

1. Annual Report of the company
2. Data issued by the company such as Stock Ledger, invoices and from
previous year comparative statements etc.,
 REVIEW OF LITERATURE
 Inventory control systems maintain information about activities
within firms that ensure the delivery of products to customers.

 Thesubsystems that perform these functions include Sales,

Manufacturing, Warehousing, Ordering and Receiving.

 In different firms the activities associated with each of these

areas may not be strictly contained within separate subsystems,
but these functions must be performed in sequence in order to
have well-run inventory control system.