INDIAN ECONOMY OVERVIEW

India, an emerging economy, has witnessed unprecedented levels of economic

expansion ,along with countries like China ,Russia, Mexico and Brazil. India, being cost
effective and labour intensive economy, has benefited immensely from outsourcing of
work from developed countries, and a strong manufacturing and export oriented
industrial framework. With the economic pace picking up, global commodity prices have
staged a comeback from their lows and global trade has also seen healthy growth over the
last two years.
The GDP growth rate is 8.5 per cent in 2010-11 due the strong contribution of the
agricultural sector and the constructional activities along with the financial services. The
fourth quarter growth rate is just 7.8 per cent as opposed to 9.3 per cent growth in the
third quarter . The service sector is the major contributor which grew by 9 percent in the
March quarter this year as compared to 6.3 percent of last year.

Industry Profile
1.Introduction
India is undergoing rapid development. This means that there are millions of people who
dream of better home, better infrastructure and a better life. This opens several avenues of
potentially limitless growth in the infrastructure and construction sector. Bajaj Finserv
Lending will helps grab this opportunity to grow your business.

Financial Sector
A category of stocks containing firms that provide financial services to commercial and
retail customers. This sector includes banks, investment funds, insurance companies and
real estate.
Financial services perform best in low interest rate environments. A large portion of this
sector generates revenue from mortgages and loans, which gain value as interest rates
drop. Furthermore, when the business cycle is in an upswing, the financial sector benefits
from additional investments. Improved economic conditions usually lead to more capital
projects and increased personal investing. New projects require financing, which usually
leads to a larger number of loans
"Finance" is often defined simply as the management of money or funds management
Modern finance, however, is a family of business activity that includes the origination,
marketing, and management of cash and money surrogates through a variety of capital
accounts, instruments, and markets created for transacting and trading assets, liabilities,
and risks. Finance is conceptualized, structured, and regulated by a complex system of
power relations within political economies across state and global market

Areas of finance
Personal finance

How much money will be needed by an individual (or by a family), and when?

How can people protect themselves against unforeseen personal events, as well as
those in the external economy?

How can family assets best be transferred across generations (bequests and
inheritance)?

How does tax policy (tax subsidies or penalties) affect personal financial
decisions?

How does credit affect an individual's financial standing?

How can one plan for a secure financial future in an environment of economic
instability?

Finance of public entities

Public finance describes finance as related to sovereign states and sub-national entities
(states/provinces, counties, municipalities, etc.) and related public entities (e.g.
school districts) or agencies. It is concerned with:

Identification of required expenditure of a public sector entity

Source(s) of that entity's revenue

The budgeting process

Debt issuance (municipal bonds) for public works projects

Financial risk management

Financial risk management is the practice of creating and protecting economic value in a
firm by using financial instruments to manage exposure to risk, particularly credit risk
and market risk. (Other risk types include Foreign exchange, Shape, Volatility, Sector,

Liquidity, Inflation risks, etc.) It focuses on when and how to hedge using financial
instruments; in this sense it overlaps with financial engineering. Similar to general risk
management, financial risk management requires identifying its sources, measuring it
(see: Risk measure: Well known risk measures), and formulating plans to address these,
and can be qualitative and quantitative. In the banking sector worldwide, the Basel
Accords are generally adopted by internationally active banks for tracking, reporting and
exposing operational, credit and market risks

Intangible Asset Finance

Intangible asset finance is the area of finance that deals with intangible assets such as
patents, trademarks, goodwill, reputation, etc.

Bajaj Finserv Lending

is one of the leading financiers in the market

offering consumer durable loans on EMI.

An easily avail on a loan for products like LCD, LED, Color TV, Refrigerator, Washing
Machine, Air Conditioner, Music System, Microwave amongst a host of other products.
Bajaj Finserv Lending consumer durable loan comes with 0% financing and with a small
fee. One can apply online on their website and get an instant approval or visit a
dealership to easily avail a loan. It provides on the spot approval with minimum
documentation & fast processing.
They offer finance for various infrastructure related equipments in the field of
Construction, Mining, and Material Handling businesses so you can go ahead and

construct your own path to success. They extend finance with attractive benefits for both
new as well as used equipment.They provide loans on the basis of
Consumer Durable Loan
Construction Equipment
Finance
Home Loan
Insurance Services
Loan Against Property
Loan Against Securities
Personal Loan
Small Business Loan
Two Wheeler Loan
EMI Card
Credit Card

Bajaj Finserv Lending offers loans for various needs. We offer loans for Bajaj Auto Two
Wheelers under the name of Bajaj Auto Finance Ltd. We offer Consumer Durable Loans,
Personal Loans, Loan Against Property, Small Business Loans, Construction Equipment
Loans, Loan Against Securities and Insurance Services under the name of Bajaj Finserv
Lending.
Bajaj Finserv Lending is one of the most diversified NBFCs in the market catering to
more than 5 million customers across the country. Apart from being a well recognized
organization, They pride ourselves for holding the highest credit rating of FAAA/Stable
for any NBFC in the country today.The product offerings include Consumer Durable
Loans, Personal Loans, Loan Against Property, Small Business Loans, Two-wheeler and
Three-wheeler Loans, Construction Equipment Loans, Loan Against Securities and
Insurance Services.
Unique products feature across all categories and offer a compelling value proposition to
our customers. The strong presence in the Indian market for over 23 years has enabled us
to establish a strong foothold here and we aim to continuously provide our customers
with premium service and exclusive benefits.

1.12 SWOT Analysis Of Financial Lenders

Strengths

Highly experienced management

Product design and development capabilities

Extensive R & D focus

Widespread distribution network

High performance products across all categories

High export to domestic sales ratio

Great financial support network (For financing the automobile)

High economies of scale

High economies of scope

Hasn't employed the excess cash for long.

Weaknesses

Still has to establish a brand

Not a global player in spite of huge volumes.

Not a globally recognizable brand

Opportunities:

Double-digit growth in financial loan market.

Untapped market above other lending companies.

More maturity and movement towards product introduction.

The growing and improvised schemes in the market.

Growing demand for 0% financial schemes especially in emerging markets.

It is also proposing to launchmore other financial schemes and more product

introduction

Threats

The competition catches-up any new innovation in no time.

Threat of other financial lenders like future finance etc offering the same benefits

Margins getting squeezed from both the directions (Price as well as Cost)

1.13 Small Business Loans

Loans from10 lacs to 50 Lacs .Loans to small & medium businesses. Vendor Financing &
Commercial Lending.

1.14 Sales Finance & Cross-Sell

Financing for consumer durables. Cross-sell insurance and personal loans

1.15 Mortgages
Loans from 50 lacs to 15 crores. Product offerings catering to residential,commercial,
Lease rental discounting.

1.16 Insurance Services

Offer bundled loan and life protection. Products partnered with leading Insurance
companies for Life and General Insurance products.

1.17 Construction Equipment

Focus on large corporates.Strategic & Retail Customers.Loan size of 25 lacs- 25 crores.

1.18 Loan against Shares

Promoter financing,HNI Retail loans against securities,Loan size from 1-10 crores.

1.9 Market Oppurtunities

1.91 Vast Rural Market
The rural consumer market, which grew 25 per cent in 2008, is expected to reach US$
425 billion in 2010-11 with 720-790 million customers, according to a white paper
prepared by CII-Technopak. According to the study, the rural market is seeing a 15 per
cent growth rate.
According to the figures released by market researcher Nielsen, demand for personal care
products grew faster in rural than urban areas during the period January-May 2010.
special financing scheme backed by Bajaj Finance with a direct cash collection facility.
That is, customers need not provide post-dated cheques to avail of finance ; they can pay
the instalments in cash.
"The loans will be given on the basis of trust and initial verification and there will be no
collateral ," Sridhar said. The company has already tried this out in select areas and,
according to him, default rate is much less than in the post-dated cheque system.
Bajaj Auto is also considering a seasonal collection strategy for rural areas, Sridhar said.
This would mean that instead of monthly instalments , rural customers can time their loan
repayment to crop cycle, which is 2-3 months for rice and wheat.
Experts feel that the rural initiative will make an immediate impact on the company's
business. "Bajaj Auto will be able to improve its market share to more than 30% with the

rural push," said Fortune Financials analyst Mahantesh Sabarad. "But the rising input cost
will put pressure on margins," he added.

1.92 BUDGET 2011-11 AND FINANCIAL SECTOR

The Union Budget 2011-12 presented today by the Finance Minister seems balanced and
growth oriented. Agriculture, Infrastructure and Social sector have been the focus areas.
The budget has sought to promote growth with an inclusive agenda. Consequently,
substantial plan outlay has been devoted to social and rural development. The Finance
Minister expressed his concern over the problem of generation and circulation of black
money in the Budget Session and announced the implementation of a Five Fold Strategy
to deal with the problem. Besides this the Budget 2011-12 laid the foundation for the roll
out of DTC and GST. Proposed increased exemption limit was in-line with market
expectations. Investment reforms for FIIs and FDIs came in as a surprise which has been
a major cause of concern in recent month .
Banking sector being a backbone of the economy has shown a strong growth in the FY11;
especially the robust results in the last few quarters have bestowed strength in the
banking sector. In the first half of the financial year 2011 the credit growth has been
subdue but later it improved on back of strong demand for capex, infrastructure and
agriculture. Due to inflationary pressures in the economy RBI has raised repo & reverse
repo rate six times in last financial year. Despite this bank's have improved their
performance on all fronts like NII, NIMs, CASA etc. Going ahead, banks are likely to
focus more on CASA growth by expanding there branch network (rural and unbanked
areas), improvement in NIMs & reduction in NPA's. We believe the sector will continue
to remain under pressure in the near term until a sharp uptick in credit and deposits
growth alongside pressure on yields easing off. We have seen interest rates on the
deposits side, money markets, etc. inching up at a much faster pace on account of
continued liquidity shortfall which would affect banks NIMs. Banks with higher CASA
will be able to ride the wave better and protect NIMs. However, the inherent strengths of
the Indian banking industry is likely to offset this impact.

As a result of strong competition and the taxes would either trigger down trading or
financial transactions. While

this resulted in strong top line growth, margins of

companies witnessed downward pressure. Sharp increase in advertisement expenses in

newspapers also put pressures on margins of these companies

1.93 Budget Impact

increase domestic revenues to 19 percent of GDP;
limit domestic borrowing to 1.3 percent of GDP and net external borrowing to 3.0
percent of GDP

commit

at least 50 percent of the budget to social sectors and infrastructure

development

Government

will ensure transparent and accountable use of loans by strengthening

parliamentary oversight

v) Growth Prospects
India's economy is booming and looks set to continue its strong growth, with real GDP
growth accelerating from 7.0% to 7.8% in the coming fiscal year. This in turn will
financially empower more and more citizens thus creating an ever-growing middle- and
upper-class consumer base which will drive up food, drink and mass grocery retail
(MGR) sales in the country.

1.2 COMPANY PROFILE

1.21 Introduction
What started off as a sugar manufacturing factory in 1931, has grown to become one of
the countrys largest business houses. With activities that encompass a whole range of
industries, spanning automobiles (two-wheelers and three-wheelers), home appliances,
lighting, iron and steel, insurance, travel and finance.
At the turn of the new millennium, this business conglomerate is ranked amongst one of
the largest business family in India by the Centre for Monitoring Indian economy
(CMIE). It has under its umbrella over 25 companies and strength of over 25000
employees.Its core strength, however, is the unshakeable foundation based on its
tradition of trust.
With the demerger of Bajaj Auto Ltd, following separate corporate entities came into
existence in May 2008
o

Bajaj Finserv Ltd (BFL),

Bajaj Auto Ltd (BAL), and

Bajaj Holdings and Investment Ltd (BHIL)

Demerger of Bajaj Auto Ltd.

Bajaj is present in over 50 countries all over the globe

Dominant presence in Africa, Latin America and South Asia with increasing
market share every year

Market leader in motorcycles in Colombia, Central America, Sri Lanka,

Bangladesh, Philippines, Nigeria, Uganda and Kenya

891,002 units exported in 2009-10, an increase of over 15 % over the previous

year

Largest exporter of three wheeled commercial vehicles in the world: 164,887

units exported in 2009-10, a rise of 19% over 2008-09

Do whatever you think best, but be best at whatever you do

Rahul Bajaj, Chairman- Bajaj Group
Bajaj Finserv Lending is one of the leading financiers in the market offering consumer
durable loans on EMI.
An easily avail on a loan for products like LCD, LED, Color TV, Refrigerator, Washing
Machine, Air Conditioner, Music System, Microwave amongst a host of other products.
Bajaj Finserv Lending consumer durable loan comes with 0% financing and with a small
fee. One can apply online on their website and get an instant approval or visit a
dealership to easily avail a loan. It provides on the spot approval with minimum
documentation & fast processing.
They offer finance for various infrastructure related equipments in the field of
Construction ,Mining, and Material Handling businesses so you can go ahead and
construct your own path to success. They extend finance with attractive benefits for both
new as well as used equipment
Bajaj Finserv Lending offers loans for various needs. We offer loans for Bajaj Auto Two
Wheelers under the name of Bajaj Auto Finance Ltd. We offer Consumer Durable Loans,
Personal Loans, Loan Against Property, Small Business Loans, Construction Equipment
Loans, Loan Against Securities and Insurance Services under the name of Bajaj Finserv
Lending.

Bajaj Finserv Lending is one of the most diversified NBFCs in the market catering to
more than 5 million customers across the country. Apart from being a well recognized
organization,They pride ourselves for holding the highest credit rating of FAAA/Stable
for any NBFC in the country today.The product offerings include Consumer Durable
Loans, Personal Loans, Loan Against Property, Small Business Loans, Two-wheeler and
Three-wheeler Loans, Construction Equipment Loans, Loan Against Securities and
Insurance Services.
Unique products feature across all categories and offer a compelling value proposition to
our customers. The strong presence in the Indian market for over 23 years has enabled us
to establish a strong foothold here and we aim to continuously provide our customers
with premium service and exclusive benefits.

1.22 PRESENT STATUS

Vision
To attain world class Excellency by demonstrating value added products to
customers.
To attain brand value by learning, innovation, perfection and transparency.
To ensure proactivity, to create the future through innovation.
To set new standards and reach near to perfection.
To convey clear conviction and characterize themselves.

1.23 Mission
Focus on value based lending.
Fostering team work and enhancing the capability of team.
Continual Improvement.
Total elimination of fraud practices.
Ensuring easy and quick accessibility to customers.

1.24 Objective

Bajaj Finserv Lending is one of the most diversified NBFCs in the market
catering to more than 5 million customers across the country .Apart from being a
well recognized organization, they pride ourselves for holding the highest credit
rating of FAAA/Stable for any NBFC in the country today.To cater products

To the customers changing financial requirements based on customer feedback

and improvising the existing products.

1.25 Goals
To catapult Bajaj Finserv as the countrys largest financial lending firm.

1.26 Our values

i)Empowerment

We respect the opinions and decisions of others.

We encourage and back people to do their best.

ii)Flexibility

We are ever willing to learn and adapt to the environment, our partners and
customers evolving needs.

iii)Entrepreneurship

We always strive to change the status quo.

We innovate with new ideas and energies with a strong passion and
entrepreneurial skills.

iv)Transparency

We believe we must work with honesty, truth and the inmate desire to do good.

v)Impact
We are driven by the desire to create a meaningful difference in society.

1.27 Key Competitors

COMPANY
Bajaj Finance Ltd.
Aakruti Holdings Ltd.
Aasheesh Securities Ltd.
Abhinav Capital Services Ltd.
Abirami Financial Services (India) Ltd.
Action Financial Services (India) Ltd.
Ad-Manum Finance Ltd.
Adinath Exim Resources Ltd.
Aditya Birla Money Ltd.
Advance Powerinfra Tech Ltd.
Aeonian Investments Company Ltd.
Agarwal Holdings Ltd.
Ajcon Global Services Ltd.
AK Capital Services Ltd.
Alfavision Overseas (India) Ltd.
Alka Securities Ltd.
Almondz Capital & Management Services Ltd.
Almondz Global Securities Ltd.

PRODUCT PROFILE

SYMBOL
BAJAUT
AAKHOL
AASSEC
ABHCAP
ABIFIN
ACTFIN
ADFIN
ADIEXI
APOSIN
MARPOW
AEOINV
AGAHOL
AJCGLO
AKCAPS
ALFOVE
ALKSEC
ALMCAP
ALMGLO

Bajaj Finserv Lending offers loans for various needs. We offer loans for Bajaj Auto Two
Wheelers under the name of Bajaj Auto Finance Ltd. We offer Consumer Durable Loans,
Personal Loans, Loan Against Property, Small Business Loans, Construction Equipment
Loans, Loan Against Securities and Insurance Services under the name of Bajaj Finserv
Lending.
Bajaj Finserv Lending is one of the most diversified NBFCs in the market catering to
more than 5 million customers across the country. Apart from being a well recognized
organization,They pride ourselves for holding the highest credit rating of FAAA/Stable
for any NBFC in the country today.The product offerings include Consumer Durable
Loans, Personal Loans, Loan Against Property, Small Business Loans, Two-wheeler and
Three-wheeler Loans, Construction Equipment Loans, Loan Against Securities and
Insurance Services.

Small Business Loans

Loans from10 lacs to 50 Lacs .Loans to small & medium businesses. Vendor Financing
& Commercial Lending.

1.14 Sales Finance & Cross-Sell

Financing for consumer durables. Cross-sell insurance and personal loans

1.15 Mortgages
Loans from 50 lacs to 15 crores. Product offerings catering to residential,commercial,
Lease rental discounting.

1.16 Insurance Services

Offer bundled loan and life protection. Products partnered with leading Insurance
companies for Life and General Insurance products.

1.17 Construction Equipment

Focus on large corporates. Strategic & Retail Customers .Loan size of 25 lacs- 25
crores.

1.18 Loan against Shares

Promoter financing, HNI Retail loans against securities, Loan size from 1-10 crores

ORGANIZATIONAL STRUCTURE
2.2 Types of Organization Structure
Functional Structure

 Divisional Structure
Matrix Structure
I.

Functional structure: Under the functional type of organization, all identical

activities are grouped together under one functional department. Each
functional department is managed by an executive who is a specialist in his
own field. There may be a separate department based on important functions
such as finance, marketing, personnel.

II.

Divisional structure: In a divisional organization, corporate divisions operate

as relatively autonomous businesses under the larger corporate umbrella. In a
conglomerate organization, divisions maybe unrelated. Divisional structures
are made up of self-contained strategic business units that each produces a
single product. Functional departments accomplish division goals. A
weakness however, is the tendency to duplicate activities among divisions.

III.

MatrixStructure :Inamatrixorganization, teams areformedandteam

membersreporttotwoormoremanagers.Matrixstructureutilizesfunctional
anddivisionalchainsofcommandsimultaneouslyinthesamepartofthe
organization,commonlyforoneofakindproject.Itisusedtodevelopanew
product, to ensure the continuing success of a product to which several
departments directly contribute, and to solve a difficult problem. By
superimposing a project structure upon the functional structure, a matrix
organizationisformedthatallowstheorganizationtotakeadvantageofnew
opportunities. This structure assigns specialists from different functional
departmentstoworkononeormoreprojectsbeingledbyprojectmanager.

FUNCTIONS ON THE DEPARTMENT

3.1 HUMAN RESOURCE DEPARTMENT
3.1.1 Introduction

Human resources department is the important which is very essential for the betterment
of the organization. More than 80% managers spend time handling human resources. A
very common problem that exist is conflict in intra-department or in worker and
management, so HRM plays as a tool to resolve this problem efficiently.
Human resource department is playing a very crucial role in the organization and it is
helping out to carry out all the functions in the organizations effectively. In Field Fresh
Foods Pvt. Ltd department head will forecast manpower requirement and send the report
containing detailed information regarding the required number of candidates,
qualifications required. The report will be send to HR department. Issue is discussed there
and decision is taken.
Field Fresh recognizes that its people are the key to its continued expansion and growth.
Therefore the company puts a great deal of emphasis on talent acquisition, development,
retention and motivation. On the acquisition front company has a well developed
program, which is a cross-departmental training programme designed for new recruits,
and ensures a regular talent flow within the company. On the training and development
front, company has spent considerable time in enhancing skills of its sales force.

3.1.2 Objectives

To recruit quality personnel & to provide necessary training and development etc
To poster commitment for the individuals to the success of the company.
To utilize people to their full capacity by providing them meaningful job, tasks,

responsibilities and recognition & uplift the moral of employees.

To encourage willingness to operate flexibly in the interests of the adaptive
organization and the pursuit of excellence.

3.1.3 Functions

Recruitment
Target setting and performance appraisal
Promotion and transfer
Training and development
Motivational activities
Human resources development
Referral policy

3.1.6 Opportunities

They are committed people, they work towards creating an environment in which
employees can perform their best and thus provide quality service, service that is

customer oriented.
They enable encourage and empower employees to learn, look for the following
attributes in individuals when they hire: Communication, Teamwork, Quality
Consciousness, Customer Focus and Result Oriented.

3.2 MARKETING DEPARTMENT

3.2.1 Introduction
Marketing is the link between societys material requirements and its economic patterns
to the response to the product, price, promotion and physical distribution and its main
components.
The distribution is the key link between the production and the marketing function. The
distribution system helps the manufacturer to reach the customers in earliest possible
time, this system begins with manufacturing of the products and ends in the hand of
customers, giving him satisfaction. Effective distribution helps every organization to
achieve maximum efficiency with achievable targets, it enhances profit maximization
goals.
The distribution planning involves the decision making on various areas like
warehousing, plant location, inventory level, and transportation facilities that are
designed to supply product to the customer.

3.2.2 Objectives

To provide support to all its sales departments, promotional activities.

Customer satisfaction is primary objective of FieldFresh Foods Pvt. Ltd.
To develop an intelligence in appreciation of modern changes.
To provide guiding policies regarding marketing procedure and their

implementation.
To analyze the shortcoming in the existing pattern of marketing.
To enable successful distribution of the products.

3.2.3 Functions

Providing marketing material.

Enabling new branch setup.
Events/stalls conducted by branches.
Market Occasions like Diwali, New Year and budget.
commentary and research reports.

a) Providing for Marketing Material

Marketing Materials like Flyers, promos, brochures, paper inserts, brochure
holders etc., are handled marketing department as and when required. The
requirement can be for re-printing the old material or designing and printing new
material.
The task includes,

Content writing for material

Getting the design from agency
Collating material requirements from regions
Negotiating for price and getting the material printed
Distribution of materials and cost allocation.

b) Enabling new branch set up

The process under this includes identifying the location for placing glow
signs/boards/logos, picking measurements, getting designs, installations of
materials.

Glow Signs

Posters

Logo

Brochure Holder

Expressions

c) Events/Stalls conducted by branches

The branches are given liberty to conduct any events to bring business to the
company. The permission and the budget allocation to conduct such events rest with
the marketing department and in-turn the Marketing Head.
The events like Treasure hunt, seminars, presentation, contests etc. are conducted by
many branches all over India through their respective initiatives.

d) Occasions
March Budget and Beyond-An investor meet is held after the release of the budge in
major cities. For this occasion marketing department has the responsibility to equip
branches with Banners, invitation cards and assistance of PPT presentations.

3.2.4 Customer satisfaction

Whether the buyer is satisfied after purchase depends on the offers performance in
relation to the buyers expectations.In general satisfaction is persons feeling of
pleasure or disappointment resulting from comparing a product perceived
performance in relation to his/her expectations.
Customer satisfaction is a function of perceived performance of expectation, if the
performance falls short of expectations the customer is dissatisfied. If the
performance matches the expectations, the customer is satisfied. If the performance
exceeds expectations the customer is highly satisfied or delighted.

3.3 FINANCE DEPARTMENT

3.3.1 Introduction
Finance is the most important thing for any business. It is like a blood of ant business it is
concerned with the activation of funds and wide application on the funds. The success of
a business lies with the effective management of finance in the company. Finance
management is that managerial activity, which is consumed with the planning and
controlling of the firms financial resources. It is the most important department in which
most of the functions are carried out such as accounting, planning, mobilization and
effective utilization of funds.

3.3.2 Objectives

Dealing with bank and finance institutions.

To monitor the budget and budgetary control.
Monitoring the funds, collection and payments.
Finance planning and mobilization of cash.
Controlling inflow and outflow of cash.
To exercise cost control and cost reduction techniques.
To see the financial interest of the company.
To protect the financial interest of the company.
It helps in achieving the business results profitably.
Waste management.

3.3.3 Functions

Allocation of funds.
Raising of funds.
Profit planning.
Book keeping and accounting.
Financial control.
Preparation of financial statement.

3.4 PRODUCTION AND OPERATION DEPARTMENT

3.4.1 Introduction
The production function on an organization is that which produces the organization
products. In some organization the product is physical goods while in other its a service.
The production function includes conversion process, some resources input into the
process, the outputs resulting from the conversion of inputs and information feedback
about the activities in the production functions. Once goods and services are produced
they are converted into cash to acquire more resources to keep the conversion process
alive.
The rapid change in technology and globalization of market are putting pressures on
industries to be comparative for their survival and growth. Quality, reliability, cost.
Productive and delivery schedule have become the watchwords of industries. Thus
manufacturing has become an important strategic issue in the current techno-economic
scenario. Organizations are required to plan executive and control the operations
strategically to meet the customer requirements.

3.4.2 Objective

Right quality
Right quantity
Pre-determined cost
Pre-determined time

3.4.3 Functions

Production is an organized activity and it as specific goals and objectives to

achieve.
Production system is subsystem of large organization.
Production system transforms various inputs into useful outputs.
There exists a feedback system, which helps to take steps to improve the
performance of the productivity system.

3.4.4 Scope and Objective of Production Management

Production management objectives are aimed at satisfying the needs of the customers
though offering organizational product and services. The scope of the production
management can be considered from the point of view of both strategic and
operational level decisions affecting them.
The strategic level decision ate mainly concerned with the design of the product and
production system, which have long-term implication. The operational level decisions
are short-term decisions
The scope and activity at the operational level are.
1) Production planning
2) Production control
3) Other activities include inventory control maintenance and replacement, cost
reduction and cost control, work system design.

CONCLUSION
The training in the Branch Bajaj Fiserv as a part of our curriculum has paved way
for knowledge

and experience

the practical

difficulties

in conducting

and

departmentalization in the training we came to know about function of each department

that is purchase, other control, finance and other departments.
The performance of the organization goes on at increasing rate because of
efficient decision making. The management maintained good relationship with the
workers and makes them happy and satisfied by means of monetary and other benefits.
I would like to conclude that the organization it performing efficiency because of
good administration we would like to thank the management to undertake training in this
esteemed organization. On the whole the industries has given me a great opportunity to
work experienced staffs, which provided immense, help for me before entering