Indian Institute of Materials Management

8B, Short St, Mullick Bazar, Park Street area, Kolkata, West Bengal 700016
Phone: 098361 23999

COURSE – GDMM

PROJECT SYNOPSIS

Item Particulars Remarks

Name of Student Snehangshu Sekhar Bag

Roll no. of student RG/2018/1010782/CL

Address for
correspondence
145/1, Swamiji Sarani (Goyala Bagan), Flat no.- 2A,
2nd Floor, Near Patipukur Phanri Bus Stop, Kolkata – 700048,
Telephone

E-mail
Name of Guide

Designation

Address

Proposed title of project Purchasing Procedures, Policies & Systems implementation

a. SOP for well-organized procurement that focuses on value
addition & cost reduction in line with the recognized authority
to meet the internal & external customer need for getting the
best out of it.
Problem under Study b. To arrest, in case actual lapse across all procurement activities.
c. Standardisation the terms of ‘Terms & conditions’ &
contracting papers.
d. Digitalisation for new comers.
e. Making new participants familiar with the process.
 Materials Management objectives.
 Function & features of Materials Management.
 Principle & features of purchase department.
 Types of planning.
 Materials requirement planning (MRP).
 Negotiations, elements and provisions in negotiation.
Scope  Elements of lead time.
 Types of inventory management, inventory control techniques.
 Movement of stock.
 Vendor development.
 Supplier responsibility & subdivision.
 Value engineering, job plan.
 Technology & resourcing, challenges.
 Indian Institute of Materials Management
8B, Short St, Mullick Bazar, Park Street area, Kolkata, West Bengal 700016
Phone: 098361 23999

COURSE – GDMM

PROJECT SYNOPSIS

Jai Balaji Industries Ltd.

5, Bentinck Street, Kolkata – 700001

Jai Balaji Group is one of the largest manufacturers of steel in the

private sector in Eastern India. They have integrated facilities for
Brief Background
producing steel in eight manufacturing units spread across the
states of West Bengal, Chhattisgarh, Orissa and Jharkhand in India.
Products which include DRI, Pig Iron, Ferro Alloys, Alloy and Mild
Steel Billets, Reinforcement Steel TMT Bars, Wire Rods, Ductile
Iron Pipes and Alloy and Mild Steel Heavy Rounds.

Purchasing methodology can be explained in various ways but the

key point is where any company looking for a significant cost
savings from purchase department or their supply chain system.
This is the latest trend or development of purchasing & is being
considered by real time data exchange.

There are so many specific models for purchasing methodology

but every company follow the methodology based on their
business principles.
There are following steps for purchasing methodology
 Define the goals for the company.
 Track and analyse internal spending.
 Purchasing strategies by…..
Methodology - Price evaluation
- Product specification improvement
- Process development
- Relationship reformation
- Volume absorption
- Global sourcing
We have seen almost in many cases that sourcing methodology
where a well conversant tool or software becomes a part of overall
sourcing procedure / method.
Then awarding of contract starts. The department demand
performance, suppliers rating, begins award & penalties in various
stages of services.
A good purchasing methodology demand continuous monitoring,
analysis & feedback as per the expectation after contract which
actually can meet the purpose of purchasing methodology.
Conclusion/ This is a synopsis of proposed project & detail data will be
Recommendations provided on project paper.
Approved/Not approved
Comments/Suggestions