An Industry Oriented Dissertation Project On

A STUDY ON INVENTORY MANAGEMENT

IN MEDHANSH INDUSTRIES LIMITED

submitted for the partial fulfilment of the requirement of the degree of

MASTER OF MANAGEMENT STUDIES OF

UNIVERSITY OF MUMBAI

Submitted by
Bhupendra Ramesh Bhangale

Roll No.10

Specialization: OPERATIONS

Submitted To

SASMIRA’S INSTITUTE OF MANAGEMENT

STUDIES AND RESEARCH, SASMIRA MARG,
WORLI, MUMBAI. July 2019

DECLARATION BY THE CANDIDATE

I hereby certify that the work which is being presented in this Industry Oriented
Dissertation Project entitled-“A Study On Inventory Management In
Medhansh Industries Limited” in partial fulfillment of the requirement for the
award of the Degree of Master of Management Studies, University of Mumbai
and submitted to the Samira’s Institute of Management Studies and Research,
Worli, Mumbai, is an authentic record of my own work carried out during a
period from May, 2019 till June, 2019 under the guidance of Prof. Divya Alok,,
Associate Professor SIMSR. The matter presented in this project report has not
been submitted by me for the award of any other degree of this or any other
Institute. Wherever references have been made to intellectual properties of any
individual / Institution / Government / Private / Public Bodies / Universities,
research paper, text books, reference books, research monographs, archives of
newspapers, corporate, individuals, business / Government and any other source
of intellectual properties viz., speeches, quotations, conference proceedings,
extracts from the website, working paper, seminal worktable, they have been
clearly indicated, duly acknowledged and included in the Bibliography. Name of
the Student: Prasheel Prashant Kore Signature of the Student: This is to certify
that the above statement made by the candidates is correct to the best of our
knowledge.

Name of the Students: Bhupendra Ramesh Bhangale

Signature of the Student:

This is to certify that the above statement made by the candidates is correct to the
best of our knowledge

Signature of Guide:
______________

Name of Guide: Prof. DIVYA ALOK

 CERTIFICATE BY THE GUIDE

This is to certify that Mr. Bhupendra Ramesh Bhangale of the two year full-
time Master's Degree Programme in Management Studies (MMS), (Operations ),
Roll No. 10 has carried out the work on the Industry Oriented Dissertation Project
titled A Study On Inventory Management In Medhansh Industries Limited
under my guidance in partial fulfilment of requirement for the completion of
MMS as prescribed by the University of Mumbai.

This Industry Oriented Dissertation Project Report is the record of authentic work
carried out by her during the period from May 2019 to June 2019.

Place: Mumbai
Date: ____________

Signature of Guide: _____________

Name of Guide: Prof. DIVYA

ALOK
 ACKNOWLEDGEMENT

The success of my project work is a combination of joint efforts of many

people. It is my duty to acknowledge with gratitude the help rendered to me by
those individuals who provided me with valuable information and who were the
grinding force, motivation & inspiration during the successful completion of this
project.

First, I extend all my sincere regards and gratitude to my guide Prof. Divya Alok,
Sasmira’s Institute of management studies & research, for her constant
guidance, advice, support and pedagogy she offered. I deem it my privileged to
have carried out my project work under her sincere and able guidance.

Second, I extend all my sincere regards and gratitude to our Director Dr. Kamal
Tandon, Dean Prof. Mr. Dinesh Sonkul and all the concern Professors and staff
of my college for providing with all the facilities required.

Third, I would like to thank my guide Mr. Sanjay Patil, Reporting Manager
during internship for showing support and direction in getting necessary
information during internship duration.

Regards,

Bhupendra Ramesh Bhangale

 Executive Summary

A term inventory refers to the stock file of the products a firm is offering for sale
and the components that make up the product. In other words, inventory is
composed of assets that will be showed in future in the normal course of the
business operations. The assets which firms store as inventory in anticipation of
need are:
 Raw materials
 Work in process (Semi Finished goods)
 Finished goods
The raw material inventory contains item that are purchased by the firm from
other and are converted into finished goods through the manufacturing
(production) process. They are an important input of the final product. The
working process inventory consists of items currently being used in the
production process.

They are normally semi-finished goods that are at various stages of production in
a multi stage production process. A finished goods represented final or completed
products which are available for sale. The inventory of such goods consists of
items that have been produced but are yet be sold.

Inventory, as a current asset, differs from other current assets because only
financial
managers are not involved. Rather all the functional areas, finance, marketing,
production, and purchasing are involved. The views concerning the appropriate
level of inventory would differ among the different functional areas.
Chapter
Details Page No.
No.
Candidate’s Declaration
Certificate by the Guide
Acknowledgement
Executive Summary
1 INTRODUCTION 1
1.1 Industry Profile 1
1.2 Overview Of The Company 5
1.3 Meaning Of Inventory 6
1.4 Objective Of The Study 18
1.5 Scope Of The Study 18
2 LITERATURE REVIEW 19
2.1 LITERATURE REVIEW 19
3 RESEARCH METHODOLOGY 20
4 DATA DESCRIPTION AND ANALYSIS 21
4.1 Technique of Inventory Management 21
4.2 ABC Analysis 21
5 SUMMARY AND CONCLUSION
5.1 FINDINGS 36
5.2 CONCLUSION 37
5.3 RECOMMENDATIONS 38
6 BIBLIOGRAPHY & REFERENCES 39
CONTENTS