EXECUTIVE SUMMARY

TITLE OF THE PROJECT: INVENTORY MANAGEMENT & CONTROL

INTRODUCTION OF THE PROJECT:

As per the rules of University of Pune each MBA student has to undergo twomonths summer project
in a company and needs to prepare project report of it. I havecompleted my project in INVENTORY
MANAGEMENT & CONTROL inFleetguard Filters Pvt. Ltd. Situated at Nandur, Pune.The project
primarily focuses on study of inventory management and controlto attain competitive advantage in
global market. The topic covers one of theimportant elements of the cost in any company and to
control this cost, means toachieve goals of finance i.e. Wealth Maximization and Profit
Maximization.Inventory is the basic requirement of any organization may be manufacturingor
service providing. Inventories are materials and supplies that a business or institution carries either
for sale or to provide inputs or supplies to the production process. Financially inventories are very
important to manufacturing companies. Onthe balance sheet, they usually represent from 20% to
60% of total assets. Asinventories are used, their value is converted into cash, which increases
operatingcosts and decreases profits. Good inventory management is essential.
Stock control, otherwise known as inventory control, is used to show howmuch stock you have at
any one time, and how you keep track of it. Efficientinventory control allows you to have the right
amount of stock in the right place at the right time. It ensures that capital is not tied up
unnecessarily, and protects productionif problems arise with the supply chain.
Inventory management and control is important concern to the FinanceManager because too many
finance related things are attached with inventory.Inventory carries huge cost and if there is
improper inventory management andcontrol in any company, the company may face huge loss in
the form of cost of capital. If a manager is able to control and manage its inventory cost directly it
willlead to proper management of money and optimum utilization of time. In simplewords we can
say that proper Inventory management and control helps in effectiveutilization of money, and other
additional resources in each and every organization.

REASON BEHIND CHOOSING THIS COMPANY AND PROJECT

(A) COMPANY:
a. Manufacturring Compnay: As Fleetguard Filters Pvt Ltd, Nandur is a manufacturing
company, various practical activities takes place. Therefore, there are various
chances of learningdifferent financial activities. This company can give better
practical and financialexperience of transactions carried out from the purchasing of
raw material to thedispatch of the finished goods to the customers.
b. Company Profile: As the brand gives the identity of the organization, the brand
Fleetguard isvery popular in both domestic as well as international filtration
markets. The brandname itself attracts me for choosing this organization.
c. Huge Turnover: The huge turnover of about Rs.2500 million itself shows that
differentfinancial activities takes place on a large scale which can provide me to
learn differentfinancial activities.

(B) PROJECT: Inventory in the company involves huge cost in it. It becomes the major activity to
manage and control the inventory. Due to this reason, InventoryManagement & Control is
the most suitable topic under project to be studied inFinance.

DURATION OF THIS PROJECT: As per the syllabus of University of Pune, it is compulsory to
undergo twomonths summer training project in any company. I have done project from 20th
Mayto 20th July.The experience of working in Fleetguard Filters Pvt. Ltd. was really a
valueaddition for me. It was a great opportunity for me to work with my guide and
hiscolleagues. They were very helpful. They helped me in solving every problem despitetheir
busy schedule. With their help it was very easy for me to carry out my projectsmoothly within
the given span of time. As the various studies shows that 80-90% of working capital is tied up in
inventory, it is very important to utilize resource withoptimum inventory management and
control.

OBJECTIVES & SCOPE

To study and understand the meaning of Inventory Management.

To know in depth the Inventory Management & Control procedure inFleetguard Filters Pvt. Ltd.

To study & understand different methods & procedure of inventorymanagement & control.

To know how to prepare the purchase order for timely delivery to the concern party
(Customers). To know the procedure of checking the bills and passingthe invoices.

To understand process right from procurement of material to consumption of material.

SCOPE
(A) Area of Operation: In every department of an organization finance plays a vital role.
Withoutfinance not a single department can function. Right from purchase of material, financeis
needed. Thats why Inventory is to be controlled and managed properly for efficientoperations
of every department.As Fleetguard Filters Pvt. Ltd. is a manufacturing unit, controlling
andmanaging of inventory level is important. Else the expenses will increase; wastagewill be
more. It may also delay the date of commercial production of the organization.
(B) Location and area covered: Nandur Plant: It is situated in village Nandur, about 40 Kms. From
Pune with a built-up areaof about 5000 square feet area on four acres of land and employing
about 100 peoplein various departments. Manufacturing of Air and Spin on Filters is carried out
in this plant.




















COMPANY PROFILE

NAME OFTHE COMPANY FLEETGUARD FILTERS PVT. LTD.
LOGO

SLOGAN ULTIMATE PROTECTION: INCREASES ENGINE LIFE
MISSION STATEMENT
Fleet guard is not the business of manufacturing
filters. It is the business of helping diesel engine
manufacturers to build improved reliability and
longer life into their engines / equipments,
leading to better vehicle / equipment
performance throughout its intented product life
cycle.
VISION
To be a World Class Filter Company known for
caring and delighting the customers with high
quality products and innovative services across
domestic and international markets with
aggresive growth and delivering superior
financial performance. The company will be a
mode of excellence in meeting social
commitment, environment health and safety
norms and in employee welfare and relations.


ORGANIZATION STRUCTURE

PRODUCTS Air Intake System
Air Cleaners Assemblies
Air Filters-Primary & Safety
Lube Oil Filters-Spin On and Catridge
By-pass Filters for Lube Filtration
Fuel Filters- Spin On and Catridge
Fuel Water Separators
Combo Filters
Hydraulic Filters
Fuel Strainers
Filtration Accesories
Coolant Filters: Water Filters
Coolants
Design Services
VOLVO FILTER
TATA FILTER
INDICA FILTER
CDSS
AIR FILTER 4980
FUEL FILTER 5522
AIR FILTER 25200
FUEL SPERATION FILTER
FUEL FILTER 5074