Wa0005.

SUMMER INTERNSHIP REPORT
AN ANALYSIS OF INVENTORY MANAGEMENT
OF
WHIRLPOOL OF INDIA LTD.
Submitted in Partial Fulfillment for the requirement of the Degree of Master of Business
Administration
(Session 2022-2024)
Submitted By:
Nitesh Singh
22GSOB2010311
Under the guidance of
Mr. Suresh Saini Dr. Gaurav Gupta

(Finance Manager) Assistant Professor
(SOB)
Galgotias University
Gautam Budh Nagar
Certificate of Approval
The following Summer Internship Project Report titled " an analysis of inventory management
of whirlpool of India ltd." is hereby approved as a certified study in management carried out
and presented in a manner satisfactory to warrant its acceptance as a prerequisite for the
award of Master of Business Administration for which it has been submitted. It is understood
that by this approval the undersigned does not necessarily endorse or approve any statement
made, opinion expressed or conclusion drawn therein but approve the Summer Internship Project
Report only for the purpose it is submitted to the Summer Internship Project Report
Examination Committee for
evaluation of Summer Internship Project Report.
Name Signature
1. Faculty Mentor: -Mr. Gaurav Gupta
2. Industry Mentor: -Mr. Suresh Saini

DECLARATION
I, Nitesh Singh, student of MBA III Semester, studying at Galgotias University, Greater
Noida, hereby declare that the summer internship report is submitted to, Mr. Gaurav Gupta,
in partial fulfillment for the award of degree of Master of Business Administration is the
original work
conducted by me.
The information and data given in the report is authentic to the best of my knowledge.
This internship report is not being submitted to any other University for award of any other Degree,
Diploma and Fellowship.
Nitesh Singh
Certificate from Summer Internship Project Guide
This is to certify that Nitesh Singh, a student of the Master of Business Administration
has worked under my guidance and supervision. This Summer Internship Project Report has
the requisite standard and to the best of my knowledge, no part of it has been reproduced from
any
other summer Internship project, monograph, report or book.
Faculty Mentor: Mr. Gaurav Gupta
Signature:
Designation: Professor School of Business

Galgotias University
Greater Noida
Date: 28/06/2023
Sub: Offer Letter

Collage Name - Galgotias University
Nitesh93548@gmail.com
On behalf of Whirlpool of India ltd., We are pleased to offer you the position of Intern with
our company.
Hope you will perform best. All of us at whirlpool of India ltd. are excited that you would
be joining our team!
Please find below, details regarding your internship:
Department: Finance
Date of Joining: 01 Jul, 2023
Office Location: Faridabad, Haryana
Best Wishes!!!
PREFACE
This document contains the internship period I had from 1 July 2023 - 15th August
2023at whirlpool of India ltd. as a trainee. This document contains three main chapters
thatexplain different aspects of experiences I got through internship period.
Therefore, this contains basic information about the training establishment and
descriptive information on the training I got and my opinions on the overall internship period
considering the whole experience
The initial chapter is dedicated for the detailed information on the training establishment. It is
difficult to work comfortably without having a sound knowledge about the functionalities,
procedures, hierarchy and structure of the company. Therefore, meanwhile giving
my maximum contribution to the company I have to have a good understanding on the
business activities, technologies, standards and strategies they follow.
The second chapter is completely for expressing the experience I had during internship
period. This describes the projects I have covered which were given to me and how I
overcome the obstacles I met. To explain the implementation of projects I have used some
diagrams as I feel that would be the best option.
In the last chapter, I have expressed my personal feelings on the whole training period.
In addition to that I have provided a personal a personal assessment on my experience from
the beginning to the end of training program along with suggestions to improve.
ACKNOWLEDGEMENT
At the outset, I am grateful to Whirlpool of India ltd. for giving me the opportunity to do
my summer internship with them. A sense of gratitude is not enough to express my sincere
thanks towards my project guide, Mr. Suresh Saini (FINANCE MANAGER, whirlpool of
India ltd.) who guided me with his insights and knowledge. He took active interest in my
project and was
always there to give me his word of guidance.
I’m also thankful to Mr. Ajit Kumar for their valuable suggestions. They motivated me to
serve my best effort to complete my summer training for 45 days in the company.
I duly acknowledge with gratitude the help and cooperation received from the entire staff @
WHIRLPOOL OF INDIA LTD.
Nitesh Singh
EXECUTIVE SUMMARY
Every organization needs inventory for smooth running of its activities. t serves
as a link between production and distribution processes. The investment in inventories
constitutes the most significant part of current assets/working capital in most of the undertakings.
Thus, it is
very essential to have proper control and management of inventories. The purpose of inventory
management is to ensure availability of materials in sufficient quantity as and when required and
also to minimize investment in inventories. Raw materials, goods in process and finished goods
all represent various forms of inventory. Each type represents money tied up until the inventory
leaves he company as purchased products. Because of the large size of the inventories
maintained by firms, a considerable amount of funds is required to be committed to them. It
is therefore absolutely imperative to manage inventories efficiently and effectively in order to
avoid unnecessary investments. A firm neglecting the management of inventories will be
jeopardizing its long run profitability and may fail ultimately. The reduction in excessive
inventories carries a
favorable impact on the company's profitability.
The study starts with an introduction to inventory management, Company's
profile, its Vision & Mission, Achievements and also the need for study, review of literature and
objectives are set out for the study. Research methodology, Data analysis & Interpretation,
Findings and Suggestions of the study follow.
One of the main areas of the project is the analysis part, where the data are
Analyzed & interpreted, to find out how the inventories were managed. Some of the tools used in
Inventor are regarding to:
Economic Order Quantity
Safety Stock
ABC Analysis
FSN Analysis
Trend Analysis and
Inventory Turnover Ratio.
And then conclusions, limitations & scope for further study were discussed.
TABLE OF CONTENTS
S.no. Particulars No of pages
I Acknowledgement 1
II Executive Summary 2
III Company profile 12-20

Need For the Study
IV Review of literature 21-28
V Objective of the study 29
VI Research methodology 30-31
VII Data analysis and interpretation
VII-I Economic order quantity 32-34
VII-II Safety stock 34-36
VII-III ABC analysis 37-43
VIII Findings of the study 44
IX Conclusion 45
X Limitations of the study 46
BIBIOGRAPHY 47
CHAPTER-I
1.1 INTRODUCTION
Inventory control is vitally important to almost every type of business, whether product or
service oriented. Inventory control touches almost every fact if operations. A proper balance must
be struck to maintain proper inventory with the minimum financial impact on the customer.
Inventory control is the activities that maintain stock keeping items at desired levels. In
manufacturing since the
focus is on physical product, inventory control focus on material control.
Inventory means physical stock of goods, which is kept in hands for smooth and efficient
running of future affairs of an organization at the minimum cost of funds blocked in
inventories. The fundamental reason for carrying inventory is that it is physically impossible
and economically
impractical for each stock item to arrive exactly where it is needed, exactly when it is needed.
Inventory management is the integrated functioning of an organization dealing with supply

of materials and allied activities in order to achieve the maximum co-ordination and
optimum expenditure on materials. Inventory control is the most important function of
inventory management and it forms the nerve center in any inventory management
organization. An Inventory Management System is an essential element in an organization. It is
comprised of a series
of processes, which provide an assessment of the organizations inventory.
1
1.2 PROFILE OF THE COMPANY
1.2.1 WHIRLPOOL CORPORATION
Whirlpool Corporation is the World leading manufacturer and marketer of major home
appliances. The company manufactures in 13 countries on 4 continents namely: Canada, United
States, Mexico, Argentina, Brazil, Slovakia, Germany, Sweden, France, Italy, South Africa,
China and India and markets products in more than 170 countries under major Brands (26
including Affiliates) names such as Whirlpool, Kitchen Aid, Roper, Estate, Ignis, Laden, Inglis, b
Braot, Croll, Across and Consul. Whirlpool is also the principal supplier to Sear, Roebuck and
company of many major home appliances marketed under the Kenmore brand names. Head
quartered at Benton Harbou, Michigan, U.S.A, Whirlpool Corporation is the world leading
manufacturer and marketer of major home appliances. Washing Machines, Dryer, Dish-washers,
Refrigerators, Freezers, Cookers, Micro-wave Ovens, Room air-conditioners, Small Kitchen
Appliances, etc.,
Whirlpool of India Limited, a fully owned by Whirlpool Inc, US, ($12 billion), a
leading global consumer durable player. Whirlpool of India limited manufactures and markets
refrigerators and washing machines. The company has diversified its product range into Air
Conditioners and Microwave Ovens. The growth in the consumer durable industry has slowed
down due to lack of demand. The year 2000 has been a bad year for the industry as the overall
growth was flat. The refrigerators registered a flat growth; washing machines saw a negative
growth while the air conditioner segment performed well exhibiting a growth rate of 20%.
Whirlpool Corporation has a management system called WES (Worldwide Excellence System)
and a value to aged performance system called HPC (High Performance Culture), which drives,
are the actions and initiatives of unit.
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1.2.2WHIRLPOOL CORPORATION TODAY
. BUILDING CUSTOMER LOYALTY WORLDWIDE
Whirlpool Corporation arrived in the new century and millennium as the world leading
manufacturer and marketer of major home appliances. Today, Whirlpools global platform
provides our operations with resources and capabilities no other manufacturer can match and
with brands that consumers trust.

To sustain the productivity savings that is being achieved by our operations, they have embedded
their Operational Excellence Process - based on Six-Sigma and lean manufacturing skills and
capabilities - within each of their worldwide manufacturing facilities. The company global
information technology organization provides Internet tools that cut the complexity and costs of
doing business for Whirlpool and its trade partners. Whirlpools unique global platform allows the
company to transfer key innovations and processes across regions and brands. Based on the
continuing success of the company global innovation process, which began in 1999, Whirlpool
has introduced unique product innovations to consumers worldwide.
Inspired by their bold innovations and designs, increasing numbers of customers around the
globe are trusting Whirlpool to make their lives easier. More than ever before, Whirlpool
Corporation employees and brands are connecting with customers in ways that will
last a lifetime.
. IMPROVING FUNCTION AND PERFORMANCE
At Whirlpool Corporation, take pride in the quality of appliances to market and manufacture.
They are committed to building products that consumers around the world can depend on to meet
their daily needs. Their commitment to quality begins in the concept stages and continues
throughout the lifetime of the appliance. They are constantly seeking out new and unique ways
to improve the function, performance and sustainability of our products. They our brands to be
the
brands customers trust in every home everywhere.
3
Our Vision:
Every Home, everywhere, with pride, passion and performance.
Our vision rests on the pillars of innovation, operational excellence,

customer-centric approach and diversified talent. These are embedded
within our business goals, strategy, processes and work culture.
Pride…. In our work and each other.

Passion…. For creating unmatched customer loyalty for our Brands.
Performance…. That excited and rewards globally investors with
superior returns
Our Mission:
Everyone, passionately Creating Loyal Customers for Life
Our mission defines our focus and what we do differently to create value.
We are a company of people captivated with creating loyal customers.

From every job, across every contact, we will build unmatched customer
loyalty.
One customer at a time.
Our Values:
Respect: Great results can be achieved through relationships built on trust,
encouraging diversity and making the most of every individual’s potential and contribution. Work
is
only one of the elements of a fulfilling.
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Integrity: Working in a correct, responsible way is important. There is no
right way of doing the wrong thing. Maintaining the highest possible
standards of personal, professional and legal conduct, whilst treating the
others with the utmost respect, is of fundamental importance.

Diversity and Inclusion: Diversity creates value, multiple diverse points
of view is the soul of innovation and the basis for whirlpool Corporation’s
success in Europe. A culture that can embrace and value diversity and
inclusion motivates every individual to excel, stimulating passion and free
expression of ideas.
Teamwork: Working together brings pride and frees up the potential of
every individual. Through collaboration and the confrontation of ideas,
great results can be achieved.

Spirit of winning: The awareness of being a leader generates pride and
motivation to face the new challenges of the market. Our goal is to be
recognized and respected as one of the world’s best companies to work
for.
Slogan; - “You and whirlpool, the world’sbest homemaker”
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1.2.3 (b) HISTORY OF WHIRLPOOL
> 1911 Louis Upton founded the Upton Machine in this year to produce motor-driven
wringer washers.
> 1916 First order of washers was sold to Sears, Roebuck & Co.
> 1929 Upton Machine Company merged with Nineteen Hundred Washer Company of
New York.
> 1948: First 'Whirlpool' brand automatic washer with dual distribution was introduced.
It included two product lines one each was distributed through Sears and Nineteen Hundred.
> 1957: The Company was rechristened as ' The Whirlpool Corporation.'
> 1958: the Company moved out of country for the first time and invested in Brazilian
appliance market through purchase of equity in Multibras S.A.
> 1968: The Elisha Gray II Research & Engineering Center was completed in Benton
Harbor. In the same year the company's revenues crossed the legendary $1 Billion mark for
the first
time.
> 1978: Within a decade company doubled its feat of $1 Billion mark and reached the $2
billion revenue level.
> 1986: The 'Kitchen Aid' division of Hobart Corporation was purchased.
> 1987: Whirlpool tied-up with Sundaram Clayton Ltd. of India to form TVS Whirlpool Ltd.
> 1989: This was a historic year since the revenues catapulted to heights of over $6
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Billion mark. Also, the joint venture with Philips of Netherlands called Whirlpool Europe
B.V. was
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formed to manufacture and market appliances in Europe.
> 1990: Company established joint venture with Matsushita Electric Company of Japan
to produce vacuum cleaners for the North American market.
> 1991: The Company introduced and committed globally to its Worldwide Excellence
System, which is a TQM program dedicated to exceeding customer expectations. The vision
to
globalize 'Whirlpool Corp'. was realized in the same year.
> 1993: First time Whirlpool became the No.1 stand-alone brand in UK, Ireland,
Netherlands and Belgium
> 1995: Whirlpool Corp. acquired majority of stake in the TVS Whirlpool Ltd. The
DC manufacturing facility of Kelvinator India was also acquired.
> 1996: Whirlpool Washing Machines Ltd. and Kelvinator India Ltd. merged together to
form Whirlpool of India Ltd.
> 1998: This year gave birth to a new company vision that says, "Every Home Everywhere
with Pride, Passion & Performance."
> 1999: Whirlpool of India crossed the milestone of 1 million sales of appliances.
> 2000: The ' Whirlpool Strategic Architecture ' was launched as a framework to achieve
the vision. The revenues of Whirlpool Corp. soared to $10.5 Billion.
> 2001: Whirlpool India registered profit & sold 1.2 million appliances. It also achieved
the No.1 position in DC & FA.
> 2002: The Aircon range was successfully launched and the Whirlpool of India acquired
6% market share.
> 2003: A new mission statement of "Everybody creating loyal customers for life" was adopted.
> 2006: Whirlpool Corporation acquires Maytag and become the Worlds
largest white goods company.
> 2009: Whirlpool 2nd largest brand in the country for refrigerators &
washing machines combined.
> 2010: Whirlpool launches 1st 3-Door fully automatic frost free refrigerator.2
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1.2.4 PRODUCTION
MANUFACTURING FACILITIES IN INDIA
Whirlpool has invested heavily in its manufacturing facilities in India. While the factories
in Faridabad and Pondicherry have been upgraded to meet the exacting world class standard of
Whirlpool, the one under the construction at Ranjangaon, Pune will set the standards as one
of
the worlds frontrunners in environmental sensitive and eco-friendly manufacturing units.
. FARIDABAD
The refrigerator facilitated at Faridabad in Haryana manufactures direct cool.

Refrigerators ranging from 165 liters to 310 liters. Infusion of technology and up gradation
of machinery along with streamlining of processed has enhanced the plant capacity from
7,00,000 units to 8,50,000 units annually. Whirlpools focus at this plan in on manufacturing
refrigerators that are made to suit Indian conditions and requirements, while matching Whirlpool
global quality
standard.
. PUDUCHERRY
The washer facility at Puducherry on the East coast, manufacturers semiautomatic

and automatic washers. Constant feedback from consumers has resulted in improved product
quality and styling, leading to an improved market share. This unit was awarded the coveted
ISO 9001
certification in 1994 and ISO 14001 certification in 1996.
. RANJANGAON
A state of art gallery for the manufacturers of the Global No Frost refrigerator at
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Ranjan near Pune, this Rs. 300 crore plant built to exacting world-class standards, underlines
Whirlpools commitments to India. It has been designed in accordance with the ecological and
environmental
criteria that have become such a concern in today scenario the world over.
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1.3 NEED FOR THE STUDY
Every organization needs inventory for smooth running of its activities. It serves as
a link between production and distribution processes. The investment in inventories
constitutes the most significant part of current assets/working capital in most of
the undertakings. Thus, it is very essential to have proper control and management
of inventories. The purpose of inventory management is to ensure availability of
materials in sufficient quantity as and when required and also to minimize
investment in inventories. So, in order to understand the nature of inventory
management of the organization, I took this Inventory Management as a topic for
my project, to give
findings and suggestions by adopting and analyzing different inventory
control techniques.
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CHAPTER-II
REVIEW OF LITERATURE
2.1 MEANING OF INVENTORY
Inventory generally refers to the materials in stock. It is also called the idle resource of a
company. Inventories represent those items which are either stocked for sale or they are in the
process of
manufacturing or they are in the form of materials which are yet to be utilized.
It also refers to the stockpile of the products a firm would sell in future in the normal course of
business operations and the components that makeup the product.
Inventory is a detailed list of those movable items which are necessary to manufacture a product
and to maintain the equipment and machinery in good working order.
2.2 TYPES OF INVENTORIES
A manufacturing firm generally carries the following types of inventories:
. Raw Materials.
. Bought out parts.
. Work-in-process inventory (WIP).
. Finished goods inventories.
. Maintenance, repair and operating stores.
. Tools inventory.
. Miscellaneous inventory.
. Goods in transit.
. Goods for resale.
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. Scrap Material.
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2.3 REASONS FOR HOLDING INVENTORY
. To stabilize production.
. To take advantage of price discounts.
. To meet the demand during the replenishment period.

. To prevent loss of orders.
. To keep pace with changing market conditions.
2.4 INVENTORY CONTROL
The main objective of inventory control is to achieve maximum efficiency in production

& sales with minimum investment in inventory.
Inventory control is a planned approach of determining what to order, when to order and how much
to order and how much to stock, so that costs associated with buying and storing are
optimal without interrupting production and sales.
2.5 BENEFITS OF INVENTORY CONTROL
The benefits of inventory control are:
. Improvement in customers relationship because of the timely delivery of goods

and services.
. Smooth and uninterrupted production and hence, no stock out.
. Efficient utilization of working capital.
. Economy in purchasing.
. Eliminating the possibility of duplicate ordering.
2.6 INVENTORY CONTROL TERMINOLOGY
> Demand:
It is the number of items required per unit of time. The demand maybe either
deterministic or probabilistic in nature.
> Order cycle:

The time period between two successive orders is called order cycle.
> Lead time:

The length of time between placing an order and receipts of items is called lead time.
> Safety stock:

It is also called buffer stock or minimum stock. It is the stock or inventory needed to
account for delays in materials supply and to account for sudden increase in demand due to
rush orders.
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> Inventory turnover:
If the company maintains inventories equal to 3 months consumption. It
means that inventory turnover is 4 times a year i.e., the entire inventory is used up
and replaced 4 times a year.
2.7 INVENTORY COST RELATIONSHIPS
There are two major costs associated with inventory. Procurement cost and carrying cost. Annual
procurement cost varies with the numbers of orders. This implies that the procurement cost will
be high, if the item is procured frequently in small lots. The annual procurement cost is directly
proportional to the quantity in stock. The inventory carrying cost decreases, if the quantity ordered
per order is small. The two costs are diametrically opposite to each other. The right quantity to be
ordered is one that strikes a balance between the two opposition costs. This quantity is referred to
as Economic Order Quantity.
2.8 ECONOMIC ORDER QUANTITY
MEANING
A decision about how much to order has great significance in inventory management. The
quantity to be purchased should neither be small nor big because costs of buying and carrying
materials are very high. Economic order quantity is the size of the lot to be purchased which is
economically
viable. This is the quantity of materials which can be purchased at minimum costs. Generally
economic order quantity is the point at which inventory carrying costs are equal to order costs.
In determining economic order quantity it is assumed that cost of managing inventory is made
up
solely of two parts i.e., ordering cost and carrying cost. The cost relationships are shown in
below figure.
FORMULA FOR CALCULATING ECONOMIC ORDER QUANTITY (EOQ):
Economic Order Quantity
Costs Annual Total Cost
Annu Inventory Carrying Cost
Annu Ordering Cost
Q* Economic Order
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Order Quantity
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2.12 SAFETY STOCK
MEANING
The economic order quantity formula is developed based on assumption that the demand is known
and certain and that the lead time is constant and does not vary. In actual practical situations, there is
an uncertainty with respect to the both demand as well as lead time. The total forecasted demand maybe
more or less than actual demand and the lead time may vary from estimated time. In order to minimize the
effect of
uncertainty due to demand and the lead time, a firm maintains safety stock, reserve stocks or buffer stocks.
The safety stock is defined as “the additional stock of material to be maintained in order to meet the
unanticipated increase in demand arising out of uncontrollable factors” .
In simple it is told about which is used to protect against uncertainties.
Because it is difficult to predict the exact amount of safety stock to be maintained, by using statistical
methods and simulation, it is possible to determine the level of safety stock to be maintained.
DETERMINATION OF SAFETY STOCK
If the level of safety stock is maintained is high, it locks up the capital and there is a possibility of
risk of obsolescence. On the other hand, if it is low, there is a risk of stock out because of which there
may be
stoppage of production. When the variation in lead time is predominant, the safety stock can be computed
as:
Safety Stock = (Maximum Lead time- Normal Lead time) * Demand
SAFETY STOCK
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The service level of inventory thus depends upon the level safety stocks. Large
the safety stocks, there is a lesser risk of stock out and, hence, higher service
level.
Sometimes higher service levels are not desirable as they result in increase in
costs, thus, fixing up a safety stock level is critical. Using past date regarding
the demand and lead time data, reliability of suppliers and service level desired
by
management, safety stock can be determined with accuracy.
2.13 ABC ANALYSIS
MEANING
The inventory of an organization generally consists of thousands of items with varying prices,
usage rate and lead time. It is neither desirable nor possible to pay equal attention of all items.
ABC analysis is a basic analytical tool which enables management to concentrate its efforts
where results will be greater. The concept applied to inventory is called as ABC analysis.
Statistics reveal that just a few items account for bulk of the annual consumption of
the materials. These few items are called A class items which hold the key to business. The other
items known as B & C which are numerous in number but their contribution is less
significant. ABC analysis thus tends to segregate the items into three categories A,B & C on the
basis of their values.
The categorization is made to pay right attention and control demanded by items.
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FEATURES OF ABC ANALYSIS
A Class (High Value) B Class (Moderate Value) C Class (Low Value)
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1. Tight control on Moderate control Less control
stock levels
2. Low safety stock Medium Large
3. Ordered frequently Less frequently Bulk ordering
4. Individual posting Individual Collective posting
in stores
5. Weekly control Monthly control Quarterly control
reports
6. Continuous effort to Moderate efforts Minimum efforts
reduce lead time
2.15 INVENTORY TURNOVER RATIO
Kohler defines inventory turnover as “a ratio which measures the number of times a firm’s
average inventory is sold during a year”.
A higher turnover rate indicates that the material in question is a fast moving one. A
low turnover rate, on the other hand, indicates over-investment and locking up of working
capital on
undesirable items.
Inventory turnover ratio maybe calculated in different ways by changing the numerator, but
keeping the same denominator. For instance, the numerator maybe materials consumed, cost of
goods
sold or net sales. Based on anyone of these, the ratio differs from industry to industry.
Stock turnover is measured in terms of the ratio of the value of materials consumed to
the average inventory during the period. the ratio indicates the number of times the average
inventory is consumed and replenished. By diving no. of days in a yet by turnover ratio, the
number of days for
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which the average inventory is held, can be ascertained.
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Comparing the no. days in the case of two different materials, it is possible to know which
is fast moving & which is slow moving. On that basis, attempt maybe made to reduce the amount
of
capital locked up, and prevent over-stocking of slow-moving items.
Net sales
Inventory turnover ratio =
Avg. inventory
No. of days in a year

Inventory velocity =
Inventory turnover ratio
How to Assess (evaluate) Inventory Levels?
Average Inventory can be calculated by Simplistic Method.
Most methods of accounting take the beginning inventory of a period, add it to the
ending inventory of a period, and divide by 2. This essentially provides the mathematical average
for a given
month.
Avg. Inventory = (Beginning Inventory+ (Beginning Inventory + Units Produced-Units

Sold))/2
Or more simply:
Avg. Inventory = (Beginning Inventory + Ending Inventory)/2
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CHAPTER-III
OBJECTIVES OF THE STUDY
PRIMARY OBJECTIVE
. To analyze the efficiency of Inventory Management of Whirlpool of India Ltd.
SECONDARY OBJECTIVE
. To identify optimum level of inventory which minimizes the cost.

. To identify the safety stock level for various components.
. To classify the various components based on its value and movements.
. To identify inventory requirement of the company for the next year.
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CHAPTER-IV
RESEARCH METHODOLOGY
4.1 RESEARCH
Research is a process in which the researcher wish to find out the end result for a
given problem and thus the solution helps in future course of action. The research has been defined
as “A
careful investigation or enquiry especially through search for new facts in branch of knowledge”
4.2 RESEARCH DESIGN
The research design used in this project is Analytical in nature the procedure using,
which researcher has to use facts or information already available, and analyze these to make a
critical
evaluation of the performance.
4.3 DATA COLLECTION
 Primary Sources
1. Data are collected through personal interviews and discussion with

Finance- Executive.
2. Data are collected through personal interviews and discussion with

Material Planning- Deputy Manager.
 Secondary Sources
1. The data are collected from the annual reports maintained by the company for the past
six years viz., 2002-2007
2. Data are collected from the company’swebsite.
3. Books and journals pertaining to the topic.
4.4 TOOLS USED IN THE ANALYSIS
. Economic Order Quantity.

. Safety Stock.
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. ABC Analysis.
. FSN Analysis.
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. Linear Regression method.
. Inventory turnover ratios.
4.5 PERIOD OF STUDY

The period of the study at Whirlpool of India Limited, Faridabad is for 45 days.
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CHAPTER-V
DATA ANALYSIS AND INTERPRETATION
5.1 ECONOMIC ORDER QUANTITY (EOQ)

MEANING
Economic Order Quantity is the Inventory management technique for determining optimum
order quantity which is the one that minimizes the total of its order and carrying costs.
TABLE 5.1.1 ECONOMIC ORDER QUANTITY
No. of
Sl. Carryin No. of order
No. Components Demand Re-Order g units per
Cost/ Cost/uni EOQ Ordered year
Per year order t/year
Bearing - Ball 66,272.
1. Sealed - 6006 3,60,000 12,200 2 17 30,000 5.43
Bearing - Ball 17,251.
2. Sealed - 6205 - Swift 48,000 6,200 2 09 4,000 2.78
Drive assly - NBO -
3. China (Agitator) - 2 3,687.8
pin drive 1,44,000 1,700 36 2 12,000 39.05
Drive assly - ECO Dlx
4. - NBO - China 3,011.0
(Impeller) 96,000 1,700 36 9 8,000 31.88
Driven Pulley - NBO - 4,760.9
5. China (Same pulley) 2,40,000 1,700 36 5 20,000 50.41
Wash timer - Eco
6. Dlx (Ningbo) - With 7,141.4
buzzer (S60) 30,000 1,700 2 3 2,500 4.20
Wash timer - Eco
7. Dlx (Ningbo) - 8,449.8
Without 42,000 1,700 2 5 3,500 4.97
buzzer (SI 60)
10,075.
8. Heater (WW) 21,600 4,700 2 71 1,800 2.14
7,714.9
9. Heater (Chandini) 9,600 6,200 2 2 800 1.24
47,244.
10. Pig tail connector-3.0 3,60,000 6,200 2 05 30,000 7.62
33,406.
11. Pig tail connector-3.8 1,80,000 6,200 2 59 15,000 5.39
Seal drive tube - Swift 42,000 6,200 2 16,136. 3,500 2.60
2 P ag e
2 P ag e
12. 91
Seal tub support - 16,136.
13. Swift 42,000 6,200 2 91 3,500 2.60
7,874.0
14. WW Motor - Welling 90,000 6,200 18 1 7,500 11.43
5,378.9
15. Splash Motor 42,000 6,200 18 7 3,500 7.81
46,619.
16. Motor - Jeamo 3,00,000 65,200 18 02 25,000 6.44
25,935.
17. Clamp tub 66,600 10,100 2 69 5,550 2.57
Suspension Spring
18. Assly FLT 70 8,485.2
(Fimstud) 7,200 10,000 2 8 600 0.85
5,264.9
19. Door Lock - High End 1,800 15,400 2 8 150 0.34
Door Lock, Low 5,264.9
20. End, FLT70 1,800 15,400 2 8 150 0.34
Ball Bearing- 5,499.0
21. Outer, FLT70 3,600 8,400 2 9 300 0.65
Ball Bearing- 5,499.0
22. Inner, FLT70 3,600 8,400 2 9 300 0.65
Heating Element , 3,888.4
23. High/Mid End,FLT70 1,800 8,400 2 4 150 0.46
3,888.4
24. Heater Low end 1,800 8,400 2 4 150 0.46
5,499.0
25. Pressostat, FLT70 3,600 8,400 2 9 300 0.65
Timer T2- 4,002.5
26. EC6018- FLT 1,800 8,900 2 0 150 0.45
Water Distribution 3,770.9
27. Actuator, FLT70 1,800 7,900 2 4 150 0.48
18,821.
28. Nut Push In, FLT70 21,600 16,400 2 26 1,800 1.15
5,282.0
29. Heater Clip,FLT70 3,600 7,750 2 5 300 0.68
17,420.
30. Bellow, FLT70 3,600 84,300 2 68 300 0.21
Shock Absorber 8,400.0
31. Assy, FLT70 7,200 9,800 2 0 600 0.86
Universal Motor Assy, 3,136.8
32. Mid&High End,FLT70 1,800 49,200 18 8 150 0.57
3,382.3
33. Motor Low end 1,800 57,200 18 1 150 0.53
3,039.7
34. Window Glass, FLT7 0 3,600 23,100 18 4 300 1.18
6,014.9
35. Drain Pump, FLT 1,800 20,100 2 8 150 0.30
2 P ag e
2 P ag e
On / Off Switch
36. Low end (Push 3,722.9
button 1,800 7,700 2 0 150 0.48
switch)
Thermostat Variable, 3,911.5
37. Low End, FLT70 1,800 8,500 2 2 150 0.46
1,749.2
38. Poly V Belt,FLT70 1,800 1,700 2 9 150 1.03
2,473.8
39. Tub Sealing, FLT70 3,600 1,700 2 6 300 1.46
37,309.
40. SS Coil 2,40,000 52,200 18 52 20,000 6.43
ANALYSIS & INTERPRETATION:
In the above table the EOQ & the no. of orders purchased per year for various components
are calculated. The calculated EOQ is compared with the no. of units of each component
purchased
in the organization. It is found that, there is a variation in the EOQ & no. of unit purchased. It is
understood that the company is not following EOQ for purchasing the materials & therefore the
inventory management is not satisfactory.
5.2 SAFETY STOCK
MEANING
Safety stocks are the minimum additional inventory which serve as a safety margin to
meet an unanticipated increase in usage resulting from an unusually high demand and an
uncontrollable
late receipt of incoming inventory.
Table 5.2.1 Safety stock

Normal
Sl. No. Max. Lead Deman Safety
Components Lead Time d Stock
Time
2 P ag e
3,60,00
1. Bearing - Ball Sealed - 6006 0.27 0.166 0 37,440
2. Bearing - Ball Sealed - 6205 - Swift 0.27 0.166 48,000 4,992
2 P ag e
Drive assly - NBO - China (Agitator) - 2 pin 1,44,00
3. drive 0.27 0.166 0 14,976
Drive assly - ECO Dlx - NBO - China
4. (Impeller) 0.27 0.166 96,000 9,984
2,40,00
5. Driven Pulley - NBO - China (Same pulley) 0.27 0.166 0 24,960
Wash timer - Eco Dlx (Ningbo) - With
6. buzzer (S60) 0.27 0.166 30,000 3,120
Wash timer - Eco Dlx (Ningbo) - Without
7. buzzer (SI 60) 0.27 0.166 42,000 4,368
8. Heater (WW) 0.27 0.166 21,600 2,246.4
9. Heater (Chandini) 0.27 0.166 9,600 998.4

3,60,00
10. Pig tail connector-3.0 0.27 0.166 0 37,440
1,80,00
11. Pig tail connector-3.8 0.27 0.166 0 18,720
12. Seal drive tube - Swift 0.27 0.166 42,000 4,368
13. Seal tub support - Swift 0.27 0.166 42,000 4,368
14. WW Motor - Welling 0.27 0.166 90,000 9,360
15. Splash Motor 0.27 0.166 42,000 4,368

3,00,00
16. Motor Jeamo 0.27 0.166 0 31,200
17. Clamp tub 0.27 0.166 66,600 6,926.4
18. Suspension Spring Assly FLT 7 0 ( Fimstud) 0.27 0.166 7,200 748.8
19. Door Lock - High End 0.27 0.166 1,800 187.2
20. Door Lock, Low End, FLT70 0.27 0.166 1,800 187.2
21. Ball Bearing-Outer, FLT70 0.27 0.166 3,600 374.4
22. Ball Bearing-Inner, FLT70 0.27 0.166 3,600 374.4
23. Heating Element High/Mid EnT70 0.27 0.166 1,800 187.2
24. Heater Low end 0.27 0.166 1,800 187.2
25. Press, FLT70 0.27 0.166 3,600 374.4
26. Timer T2-EC6018-FLT 0.27 0.166 1,800 187.2
2 P ag e
2 P ag e
27. Water Distribution Actuator, FLT70 0.27 0.166 1,800 187.2
28. Nut Push In, FLT70 0.27 0.166 21,600 2,246.4
29. Heater ClipFLT7 0 0.27 0.166 3,600 374.4
30. Bellow, FLT70 0.27 0.166 3,600 374.4
31. Shock Absorber Assy, FLT7 0 0.27 0.166 7,200 748.8

Universal Motor Assy, Mid & High
32. EndFLT70 0.27 0.166 1,800 187.2
33. Motor Low end 0.27 0.166 1,800 187.2
34. Window GlassFLT70 0.27 0.166 3,600 374.4
35. Drain Pump, FLT 0.27 0.166 1,800 187.2

On / Off Switch Low end (Push button
36. switch) 0.27 0.166 1,800 187.2
37. Thermostat Variable, Low End, FLT7 0 0.27 0.166 1,800 187.2
38. Poly V BeltFLT70 0.27 0.166 1,800 187.2
39. Tub Sealing, FLT70 0.27 0.166 3,600 374.4

2,40,00
40. SS Coil 0.27 0.166 0 24,960

In the above table, safety stock for the various components calculated are shown. Actual
demand is given for each component for a period of 1 year and the lead-time is calculated at a
maximum of 100 days & normal of 60 days and these were converted into per annum. So, from
calculation of safety stock, we can able to determine how much the company can hold the inventory
in reserve stock per annum.
5.3 ABC ANALYSIS
MEANING
The ABC system is a widely used classification technique to identify various items of
inventory for purposes of inventory control. On the basis of unit cost involved, the various items
are
classified into 3 categories:
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(1) A, consisting of items with the large investment,
(2) C, with relatively small investments but fairly large number of items and
(3) B, which stands mid-way between category A & C.
Category A needs the most rigorous control, C requires minimum attention and B deserves
less
attention than A but more than C.
A Class (High Value)
Drive assly - NBO - China (Agitator) - 2 pin drive

Drive assly - ECO Dlx - NBO - China (Impeller)
Wash timer - Eco Dlx (Ningbo) - With buzzer (S60)
Heater (WW)
Heater (Chandini)
WW Motor - Welling
Splash Motor
Motor -Jeamo
Heating Element, High/MidFLT70
Heater Low end

Timer T2-EC6018-FLT
Water Distribution Actuator, FLT70
Bellow, FLT70
Thermostat Variable, Low End, FLT70
Universal Motor Assy, Mid & High EndFLT70
Motor Low end
Window GlassFLT70
Drain Pump, FLT
B Class (Moderate Value)
Bearing - Ball Sealed - 6006

Bearing - Ball Sealed - 6205 - Swift
Wash timer - Eco Dlx (Ningbo) - Without buzzer (SI 60)
Door Lock - High End
Door Lock, Low End, FLT70
Ball Bearing-Outer, FLT70
Ball Bearing-Inner, FLT70
Seal drive tube - Swift
Seal tub support - Swift
2 P ag
Pressostat, FLT70
Shock Absorber Assy, FLT70
On / Off Switch Low end (Push button switch)
C Class (Low Value)
Driven Pulley - NBO - China (Same pulley)

Pigtail connector-3.0
Pigtail connector-3.8
Clamp tub
Suspension Spring Assly FLT 70 (Fimstud)
Nut Push In, FLT70
Heater ClipFLT70
Tub Sealing, FLT70
Categories Total No. Items in Classes Percentage
A 18 45
B 14 35
C 8 20
Total 40 100

The above table shows the classification of various components as A, B & C classes using
ABC analysis techniques based on unit value. From the classification A classes are those whose
unit value is more than Rs.100 and constitutes 45% of total components. B classes are those
2 P ag e
whose
2 P ag e
unit value is between Rs.25- 100 constitutes 35% of total components and C classes are those
whose
unit value is less than Rs.25 constitutes 30% of total components. It is good that the company
maintains its inventories based on its value using controlling techniques.
Chart 5.3.1 ABC Analysis
5.5 TREND ANALYSIS
MEANING
Regression means dependence and involves estimating the values of a dependent variable Y,
from an independent variable X.
Y = a + bx
Where a= y – b x; b = Σxy – n x y
Σx 2 - nx 2
Table 5.5.1 CALCULATION OF INVENTORY TREND
2 P ag e
Inventories
YEAR (Rs.) X X2 XY
(x) Y X=x-2005 (Rs)
2017 9,17,88,514 -2 4
- 18,35,77,028
2018 8,66,68,300 -1 1 -8,66,68,300
2019 20,37,85,550 0 0 0
2020 17,58,61,213 1 1 17,58,61,213
2021 17,22,82,014 2 4 34,45,64,028
TOTAL(Σ) 73,03,85,591 0 10 25,01,79,913
x = Σx/n = 0/5 = 0
y = Σy/n = 73,03,85,591/5 = 14,60,77,118.2
b = Σxy – n x y = 25,01,79,913- 5 * 0 * 73,03,85,591 =2,50,17,991.3

10-5*0
Σx2- nx 2
a = y – bx = 14,60,77,118.2 – 2,50,17,991.3 * 0 = 14,60,77,118.2

y = a + bx
= 14,60,77,118.2 + 2,50,17,991.3 x
The forecast of inventory for the year 2008 is computed by substituting x = 2008 in the
above
equation.
=14,60,77,118.2 + 2,50,17,991.3 x
=14,60,77,118.2 + 2,50,17,991.3 (x-2005)
=14,60,77,118.2 + 2,50,17,991.3 (2008-2005)
=14,60,77,118.2 + 2,50,17,991.3 (3)
=14,60,77,118.2 + 7,50,53,973.9
=22,11,31,092.1
therefore inventory for the year 2008 will be approximately Rs.22,11,31,100
Table 5.5.2 INVENTORIES PERCENTAGE
Years Inventories Percentage
2 P ag e
2016 9,17,88,514 9.65
2 P ag e
2017 8,66,68,300 9.15
2018 20,37,85,550 21.40
2019 17,58,61,213 18.50
2020 17,22,82,014 18.10
2021 22,11,31,100 23.20
TOTAL 95,15,16,691 100
ANALYSIS & I161NTERPRETATION:
In the above table shows the percentage of inventories increases from 9.65 to 18.10 in the
year 2017-2021. the inventory for the year 2008 is expected to be 23.20 which is again in the
increasing trend. This infers that the inventory requirement is increasing in the future period also.
It
shows satisfactory position of inventories as it implies increasing production & demand for the
product.
Chart 5.5.2 TREND OF INVENTORY
2 P ag e
25
20
15
10
0
2016 2017 2018 2019 2020 2021
5.6 INVENTORIES TURNOVER RATIO
MEANING
This ratio is calculated to consider the adequacy of the quantum of capital and its
justification for investing in inventory. A firm must have reasonable stock in comparison to sales.
It is the ratio of net sales and the average inventory. This ratio helps the financial manager to
evaluate inventory policy. This ratio reveals the number of times finished stock is turned over
during a given
a accounting period.
The formula for the ratio is Net sales

Avg. Inventory
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Table 5.6.1 Inventories Turnover Ratio & Velocity
Net Sales Avg. Inventory Ratio Velocity
Year (Rs.) (Rs.) (in Days)
2016 12,30,05,134 8,42,09,371 1.46: 1 250

2017 16,06,43,669 8,92,28,407 1.80: 1 203
2018 11,73,30,581 14,52,26,925 0.80: 1 456
2019 55,53,74,571 18,98,23,381 2.92: 1 125
2020 79,11,78,220 17,40,71,613 4.5: 1 81
In the above table shows inventory turnover ratio for the past years. The ratio is
showing increasing trend from1.46 to 4.5 in the year 2016 to 2021, except in the year 2015 which
shows only
0.80 times.
Whereas in the velocity of inventories shows less in 2017 as compared to 2014 which is
81 days in 2018 and 250 days in 2014 except in the year 2015 which is 456 days. This shows that
the inventories are easily converted into sales within the shortest period i.e. the company was able to
sell
Rs. 4.5 by investing rupee one in the stock in 2018.
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CHAPTER-VI
6.1 FINDINGS OF THE STUDY
> It is found that, there is a variation in the EOQ & no. of unit purchased. It is understood
that the company is not following EOQ for purchasing the materials. So, the
inventory management is not satisfactory.
> From calculation of safety stock, we can able to determine how much the company can
hold the inventory in reserve stock per annum.
> From the classification A classes are those whose unit value is more than Rs.100
and constitutes 45% of total components. B classes are those whose unit value is between
Rs.25-
100 constitutes 35% of total components and C classes are those whose unit value is less
than Rs.25 constitutes 30% of total components. It is good that the company
maintains its inventories based on its value using controlling techniques.
> From the classification F items are those which moves fastly and constitutes 43% of
total components. S items are those which moves slowly constitutes 57% of total
components and N items are those which doesn’t move (Non-moving items). According to
data given, there is noNon-moving items. It is not good as the company maintains low
percentage in fast moving items in compared to Slow moving inventories based on
movements using controlling techniques.
> From the calculation it shows, that the percentage of inventoried increases from 9.65 to
18.10 in the year 2017-2021. the inventory for the year 2019 is expected to be 23.20 which
is again in the increasing trend. This indicates increasing efficiency of the management.
> The ratio is showing increasing trend from1.46 to 4.5 in the year 2016 to 2021, except in
the year 2018 which shows only 0.80 times. Whereas in the velocity of inventories shows
less in
2019 as compared to 2016 which is 81 days in 2021.
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CHAPTER-VI
CONCLUSION
A better inventory management will surely be helpful in solving the problems the
company is facing with respect to inventory and will pave way for reducing the huge investment
or blocking of money in inventory. From the analysis we can conclude that the Company
can follow the Economic Order Quantity (EOQ) for optimum purchase and it can maintain
safety stock for its components in order to avoid stock-out conditions & help in continuous
production flow. This would reduce the cost and enhance the profit. Also there should be tight
control exercised on stock levels based on ABC analysis & maintain high percentage in fast
moving items in inventories as peron FSN analysis for efficient running of the inventory. Since
the inventory Turnover ratio shows the increasing trend, there will be more demand for the
products in the future periods. If they could properly implement and follow the norms and
techniques of inventory management, they can enhance
the profit with minimum cost.
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CHAPTER-VIII
8.1 LIMITATIONS OF THE STUDY
. The entire analysis applies only to Whirlpool India Ltd, Puducherry.
. The study takes into account only the quantitative data and the qualitative aspects were not
taken into account.
. The assumption made in the EOQ and Safety stock formulas restrict the use of the formula.
In practice, unit cost, lead time, requirements of inventory items are not accurately
predictable.
Rate of consumption varies in many cases. As such application of the formula often becomes
a difficult and complicated matter.
. ABC analysis is not one time exercise and items are to be reviewed andrecategorised
periodically.
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8.2 SCOPE FOR THE FURTHER STUDY
. To give plan to the company what to order, when to order and how much to order.
. It is useful for deciding operating policy & volume of inventory.
. It helps to develop the policies for the executives in inventory.
. It helps the company what items goods are categorized.
Project helps to deal with forecasting in inventory
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BIBLIOGRAPHY
> REFERENCES BOOKS
M Y Khan,P K Jain “Financial Management” 4th edition Tata McGraw Hill.

R.S.N. Pillai V. Bagavathi “Management Accounting” S Chand & Co.
Martand Telsang “Industrial Engineering & Production Management ’ S Chand & Co.
R. Paneerselvam “Operations Research” Prentice of India Private Ltd.
B.M. Lall Nigam I.C. Jain “Cost Accounting” Prentice of India Private Ltd.
S.P. Iyengar “Cost & Management Accounting” Sultan Chand & Sons.
> WEB SITES
www.whirlpoolindia.com
www. inventorymanagementreview. org/ inventory_ basics/ index
www. inventorymanagementreview. org/ justintime/ index
www.inventorymanagementreview.org/inventory_control/index
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F-1 Student Application for 4-6 weeks Internship
Complete and submit to the Dean through School Internship Program Coordinator. (Type or
write clearly)
Student Name: Nitesh Singh

Home Address Sector-23A,Faridabad,Haryana Phone 9354892229
Email address Nitesh93548@gmail.com
Program MBA DUAL Internship III

Semester
Overall GPA 8.75
Internship Preferences
Location Core Area Company/
institution
F- 1 Preferance- 1 Faridabad,,haryana Finance Whirlpool India ltd.
Preferance-2
Preferance-3
Faculty mentor Signature: Date .
(Signature confirms that the student has attended the internship orientation and has met all paperwork and process
requirements to participate in the internship program, and has received approval from his/her Advisor)
Student Signature: Date .
(Signature confirms that the student agrees to the terms, conditions, and requirements of the Internship Program)
Dean Dean IIIC Dean Academic
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Format No: GU/M-30/ Form-3
F-2 4-8 weeks internship Request Letterfrom University to

internship provider
To
The General Manager (HR)
Subject: REQUEST FOR 06 Weeks internship training of MBA Programme,
Greetings from Galgotias Educational Institutions!!
We feel privileged to introduce Galgotias Educational Institutions (GEI) as one of the

leading
and quality-driven educational groups in the Delhi-NCR Region.
Galgotias Educational Institutions consist of three institutions:

Galgotias College of Engineering
& Technology (GCET)
Galgotias Institute of Management & Technology (GIMT) Galgotias University (GU).
Galgotias Educational Institutions combine a supremely empowering educational

process, industry stalwarts in their faculty, global educational associations, and relentless
placement efforts, to offer the best of career opportunities to its students. Galgotias
Educational Institutions are known for a combination of state-of-the-art campus, strategic
teaching learning process, together with the most advanced facilities, creating an
environment in which wholesome corporate personalities are created.
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Further, we’d like to furnish that as apart of the course curriculum, our students are
required to undergo a Summer Internship Program of 45 Days. The Internship Duration
will be from July1st till August15th, 2023.
In this regard, we request you to kindly allow - Student name Nitesh

Singh (22GSOB2010311) student of 2 years full-time program of Masters of
Business Administration (Batch-2022-2024) to complete Summer Internship in your
esteemed organization by assigning project work pertinent to the stream pursued.
Feedback on the student’s progress and evaluation on the assigned ‘Project’ will be highly
appreciated.
Yours sincerely,
Dean Industry Internship Interaction Cell
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F-3 Student Internship Undertaking

Date:-
In my own interest, I am willing to complete internship at Whirlpool India
ltd.,faridabad,haryana from 01/07 /2023 to 15/08 /2023. I hereby give an undertaking
as under.
● I will strictly abide by all rules and regulations of the industry/Institute and
Galgotias University, Uttar Pradesh.
● I shall be responsible for my conduct and own safety at the industry/Institute and
Galgotias University, Uttar Pradesh shall not be responsible for this in any manner.
● I shall take care of my personal belongings. I shall not make any claim and no type of any
claim shall be made in my respect and on my behalf by anyone in respect of any loss or
injury tome (including fatal injury or death) or to the property of mine which may suffer or
occur during the above mentioned programme.
● I will not act in any manner that defames the industry/Institute and Galgotias University,
Uttar Pradesh, in any manner whatsoever.
● I will not claim the expenses over & above for stay & mess to the Industry/Institute or to
the University.
● I will regardless of age, may not use or be in possession or under the influence of alcohol
or unauthorized drugs on either the industry premises or place of stay (Hostel/
rental accommodation) Violation of this regulation may result in suspension or expulsion
from the university.
● I will maintain confidentiality of work-related projects and personnel.
● I will familiarize myself with, and adhere to, relevant organizational arrangements,
procedures, and functions.
● I will understand what constitutes a permissible work absence and who to notify if absent,
be prompt with being on time to work and with assignments; give it my best effort.
● I will report changes in work schedule, supervision, or problems at the site to the
internship coordinator and industry supervisor.
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● If I feel victimized by a work-related incident, I will contact the internship
coordinator immediately.
● I will dress appropriately for the work setting.

● I will follow through on commitments.
● I will not conduct personal business during work hours (i.e. e-mails, cellphones, and internet).
● I will keep a positive attitude, open mind; avoid jumping to conclusions; try to make
informed judgments.
● I will communicate – keep people informed in a useful and succinct way, listen and
ask questions.
● I will be fair, considerate, honest, trustworthy, and cooperative when dealing with co- workers.
● I will assert ideas in an appropriate and tactful manner, seek feedback from supervisors,
accept suggestions for corrective changes in behavior and attempt to improve performance.
● I will accept constructive criticism and continuously strive to improve performance, seek
to enhance professional effectiveness by improving skills and Acquiring new knowledge.
● I am fully aware that no faculty coordinator is accompanying me and no coordinator

is appointed on behalf of the university at the place of internship.
Date: Signature:
Place: Greater Noida Name of Student: Nitesh Singh
Department: School of Business Phone No.:9354892229
Semester:3rd Section:2 Roll No.:22GSOB2010311
I have allowed my ward (name as indicated above) for the above-mentioned

Internship and instructed him/her to take due precaution for safety and discipline as listed
above. I also undertake that the Industry/Institute or the university shall in no way be
responsible for any loss or injury to my ward during the programme.
Date: 30/07/2022 Signature
Place: Greater Noida Name of Parent: Mr. Surender singh
Address: house no.- 1367,sector-23A,Faridabad,haryana,121005

Mobile No: 9650643516
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F-4 Internship Synopsis/Executive Summary

Objectives/ Guidelines/Agreement: Internship Synopsis (This Will Be Prepared In
Consultation with Faculty Mentor)
An internship is a unique learning experience that integrates studies with practical work.
This agreement is written by the student in consultation with the faculty Mentor and
Industrial supervisor. It shall serve to clarify the educational purpose of the internship and
to ensure an understanding of the total learning experience among the principal parties
involved.
PartI: Contact Information
Student Name: Nitesh Singh. Enrollment No: 22042010285

Programme: MBA DUAL
Semester: 3rd Academic Year: 2022-2024
Campus Address: Plot No. 2, Yamuna Expressway, Opposite, Buddha International Circuit,
Sector 17A, Greater Noida, Uttar Pradesh 203201
City: Greater Noida State: U.P Phone: 9354892229
Email:
Nitesh93548@gmail.com
Industrial Supervisor
Name: Mr. Suresh Saini Title: finance manager
Company/Organization: Whirlpool of India ltd.
Internship Address: 28,industrial area,sector-20,faridabad,haryana
Phone: 7210499208
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Faculty Mentor
Name: Dr.Gaurav gupta Phone: 8851353252
Campus Address: Plot No. 2, Yamuna Expressway, Opposite, Buddha International Circuit,
Sector 17A, Greater Noida, Uttar Pradesh 203201
Academic Credit Information
Internship Title: An analysis of inventory management
Department: Finance
Course #: Summer Internship Project

Credits: 3
Grading Option: Credit/Non-credit
Beginning Date: 01/07/2023 Ending Date: 15/08/2023
Hours per Week: 48 Hours/ week Internship Type: Unpaid
Part II: Internship Objectives/Learning Activities:
What do you intend to learn, acquire and clarify through this internship? Try to use concrete,
measurable terms in listing your learning objectives under each of the following categories:
• Knowledge and Understanding
• Skills
● Learning Activities: How will your internship activities enable you to acquire
the knowledge/understanding, and skills you listed above?
● On the job: Describe how your internship activities will enable you to meet your learning
objectives. Include projects, research, report writing, conversations, etc., which you will do while
working, relating them to what you intend to learn.
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● Teaching/Mentoring Activities: How your technical knowledge can be applied at the site of
the internship. How you can create value through mentoring/help people learn new things.
● Off the job: List reading, writing, contact with faculty supervisor, peer group discussion, field
trips, observations, etc., you will make and carry out which will help you meet your learning
objectives.
● Evaluation: Your Internship supervisor will provide a written evaluation of your internship.
Describe in detail what other evidence you will provide to your faculty Mentor to document what
you have learned (e.g.journal, analytic paper, project, descriptive paper, oral presentation, etc.)
Include deadline dates.
Part III: The Internship
Job Description: Describe in as much detail as possible, your role and responsibilities
while on your internship. List duties, project to be completed, deadlines, etc. How you can
contribute to organization/ at site of internship
Supervision: Describe in as much detail as possible the supervision to be provided/needed

at the worksite. List what kind of instruction, assistance, and consultation you receive
from whom, etc.
Evaluation: How will your work performance will be evaluated? By whom? When?
Part IV: Agreement
This contract maybe terminated or amended by faculty mentor or Industry mentor at anytime
upon written notice, which is received and agreed by the other two parties.
Student Signature:
Date:
2 P ag e
Faculty Mentor signature: Date:
Industry Mentor Signature:

Date:
2 P ag e
F-5 One Page Report for Industry Training with Topic identification
Branch : MBA Dual

Name of student: Nitesh Singh Section- 2
Roll No.: 22GSOB2010311

Contact Number: 9354892229 Project Batch:
GU mail id- nitesh.22gsob2010311@galgotiasuniversity.edu.in

Name of Company: Whirlpool of India ltd.
Company Address 28,industrial area,sector-20,faridabad Haryana
Industry Person Name & Contact No Email ID

Designation
HR Mr. abhijeet singh 91404 33092
supervisor: Mr. ramashankar 86073 83049
Details of Industry: Investment, Finance & insurance.
Duration of From To Total Days

Internship: 01/07/2023 15/08/2023 45
Actual working 6
days in a week
Timing ( from - to) 9 am to 5 pm.

Work Assigned: Financing
Topic An analysis of inventory management of company

Identification
Is this your first Yes

experience of
industrial
training/internship?
3 P ag e
On a scale of 1to 3.5
5 provide utility of
this training on
your profession.
1 (no use),
5(extremely useful)
Signature of student Name & Signature of Faculty Mentor
3 P ag e
F-6 Student，s Daily Diary/Daily Log
Index - Logbook
Training records to be written on weekly basis in Training Diary at Training.
After completing training in a department, meet the Departmental Head to clarify your
queries,
etc. and geth is signature as indicated hereunder.
GU faculty visiting the training site may ask the students to show their work and put
their
remarks on this page.
Date:01/07/2023 Time of Arrival: 09:30 Time of Departure: 05:00

A.M P.M
Dept./Division: Finance Project title: An analysis of inventory management
Interaction with HR for the documents verification.

Document Verification
3 P ag e
A.M P.M
Interaction with mentor for understanding of Internship

Rules & Regulation of Internship

A.M P.M
Theoretical & PPT sharing Regarding Internship

What are the works I have to perform and which categories I have to perform

A.M P.M
Dept./Division: Finance Project title:An analysis of inventory management
Theoretical & PPT sharing Regarding Internship

What are the role and the activity.
3 P ag e
A.M P.M
Dept./Division: Finance Project title:An Analysis of inventory management
Team assigned and introduction with all the team members.

Allotment of the person with whom I have to work.
Date:07/07/2023 Time of Arrival: 09:30 Time of Departure:

A.M 05:00 P.M
Dept./Division: Project title: An analysis of inventory management
Finance
Learn about the company’s product and services with the team leader.
Briefing about the company and the Performa

A.M P.M
Learn about the company’s product and services with the team leader.
Briefing about the company products and the Performa.
3 P ag e
Date:10/08/2022 Time of Arrival: 09:30 A.M Time of Departure: 05:00 P.M
Dept./Division: Finance Project title: An analysis of inventory
management
Product portfolio
Study the companies product portfolio
Date:12/08/2022 Time of Arrival: 09:30 A.M Time of

Departure: 05:00
P.M
Dept./Division; Project title: An analysis of inventory management
Finance
Product portfolio
Conducted Survey In Companies and understanding the product

A.M 05:00 P.M
Finance
Meeting Department Head

Pitch
3 P ag e
A.M P.M
Dept./Division: finance Project title: An analysis of inventory
management
studying inventory policy

Understanding the policy of the company

A.M P.M
Dept./Division: finance Project title: An analysis of inventory management
Collecting inventory data

A.M P.M
management
Collecting data

Dept./Division:finance Project title: An analysis of inventory
management
Applying analysis
Applying ecconomic order quantity
3 P ag e
A.M P.M
management
Calculating eoq

Conveying result to mentor

Taking suggestions

Finding data
3 P ag e
A.M 05:00 P.M
finance
Finding inventory tunover ratio

A.M P.M
management
Conveying result to department head
Taking suggestions
3 P ag e
A.M P.M
Attending meeting with senior executives of finance department

Assist the senior executive


A.M 05:00 P.M
finance

Supervise the inventory
4 P ag e
A.M P.M
management
Supervise the function in inventory control

A.M P.M
management
Supervision

A.M P.M
management
Supervision
Date:03/08/2023 Time of Arrival: 9:30 A.M Time of Departure: 05:00

P.M
Meeting department head
Conveying my outcome till date
4 P ag e
P.M
management
Assist in analysis of inventory control management

P.M
Assist in analysis

P.M
management
Assist in analysis
4 P ag e
P.M
management
Assist in analysis

P.M
management
Assist in analysis

P.M
management
Assist in analysis

P.M
Discuss the result with senior

Taling feedbacks.
4 P ag e
P.M
Assist in analysis

P.M
Dept./Division: fianance Project title: An analysis of inventory management

P.M
management
Ending my internship by conveying my outcomes

Taking feedback from my senior
Signature of Industry mentor with Seal
4 P ag e
F-9
Industry Internship Supervisor Feedback
Student Feedback Form by Industry Mentor
Student Name: Madhukar Singh Enrolment No: 22042010315
SIP Title: A Study Of Marketing Research And Sales With Reference To Gripa It Solutions
And Consulting Llp
Industry Supervisor Name: Mr. Aryan Organization Name: To Gripa It Solutions And
Tiwari Consulting Llp
Internship From (Start Date) : 01/07/23 Internship From (End Date) : 15/08/23
Parameters Performance
Behaviors Excellent Satisfactory Poor
Performs in a dependable manner EXCELLENT
Cooperates with co-workers and supervisors EXCELLENT
Shows interest in work EXCELLENT
Learns quickly EXCELLENT
Shows initiative EXCELLENT
Produces high quality work EXCELLENT
Accepts responsibility EXCELLENT
Accepts criticism SATISFACTORY
Demonstrates organizational skills EXCELLENT
Uses technical knowledge and expertise EXCELLENT
Shows good judgment EXCELLENT
Demonstrates creativity/originality EXCELLENT
Analyze problems effectively EXCELLENT
Is self-reliant EXCELLENT
Communicates well EXCELLENT
W rites effectively EXCELLENT
4 P ag e
Has a professional attitude EXCELLENT
Gives a professional appearance EXCELLENT
Is punctual EXCELLENT
Uses time effectively EXCELLENT

Industry Supervisor Name: Mr. Aryan Tiwari
Signature of Industry mentor:
4 P ag e
Format No: GU/M-30/
Form- 10
F- 10 Student Feedback of Internship
STUDENT’s FEEDBACK OF INTERNSHIP (TO BE FILLED BY

STUDENT AFTER
INTERNSHIP COMPLETION)
STUDENT FEEDBACK FORM

Student Name : Nitesh Singh Roll No. : 22GSOB2010311
Institute Name : Galgotias University
Faculty Mentor Name : Dr Gaurav Gupta Faculty’s Designation : Professor
Internship Project Title An analysis of inventory managemt of whirlpool of India ltd.
Industry Supervisor Name : Mr. Suresh saini Supervisor’s Designation: finance manager
Organization Name : whirlpool of India ltd.

Internship From (Start Date) : 01/07/23 Internship To (End Date) : 15/08/23
Give abrief description of Internship Work
Was your internship Yes, to a large degree Yes, to a slight degree Not related at all
experience related to
your major area of study
This experience has: Strongly Agree No Opinion Disagree Strongly

Agree Disagree
Given me the
opportunity to explore
a career field
Allowed me to
apply classroom theory
to practice
Did the curriculum found

to be in consistent with
the industry
4 P ag e
4 P ag e

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SUMMER INTERNSHIP REPORT

AN ANALYSIS OF INVENTORY MANAGEMENT

WHIRLPOOL OF INDIA LTD.

Under the guidance of

Mr. Suresh Saini Dr. Gaurav Gupta

1. Faculty Mentor: -Mr. Gaurav Gupta

2. Industry Mentor: -Mr. Suresh Saini

Faculty Mentor: Mr. Gaurav Gupta

Designation: Professor School of Business

Sub: Offer Letter

Date of Joining: 01 Jul, 2023

Office Location: Faridabad, Haryana

S.no. Particulars No of pages

III Company profile 12-20

V Objective of the study 29

VI Research methodology 30-31

VII Data analysis and interpretation

VII-I Economic order quantity 32-34

VII-II Safety stock 34-36

VII-III ABC analysis 37-43

VIII Findings of the study 44

X Limitations of the study 46

Inventory management is the integrated functioning of an organization dealing with supply

1.2.1 WHIRLPOOL CORPORATION

. BUILDING CUSTOMER LOYALTY WORLDWIDE

with brands that consumers trust.

. IMPROVING FUNCTION AND PERFORMANCE

Our vision rests on the pillars of innovation, operational excellence,

within our business goals, strategy, processes and work culture.

Pride…. In our work and each other.

Performance…. That excited and rewards globally investors with

We are a company of people captivated with creating loyal customers.

One customer at a time.

others with the utmost respect, is of fundamental importance.

every individual. Through collaboration and the confrontation of ideas,

great results can be achieved.

motivation to face the new challenges of the market. Our goal is to be

recognized and respected as one of the world’s best companies to work

Slogan; - “You and whirlpool, the world’sbest homemaker”

MANUFACTURING FACILITIES IN INDIA

The refrigerator facilitated at Faridabad in Haryana manufactures direct cool.

The washer facility at Puducherry on the East coast, manufacturers semiautomatic

2.1 MEANING OF INVENTORY

2.2 TYPES OF INVENTORIES

A manufacturing firm generally carries the following types of inventories:

. Work-in-process inventory (WIP).

. Finished goods inventories.

. Maintenance, repair and operating stores.

. Goods for resale.

. To take advantage of price discounts.

. To meet the demand during the replenishment period.

. To keep pace with changing market conditions.

2.4 INVENTORY CONTROL

The main objective of inventory control is to achieve maximum efficiency in production

2.5 BENEFITS OF INVENTORY CONTROL

The benefits of inventory control are:

. Improvement in customers relationship because of the timely delivery of goods

2.6 INVENTORY CONTROL TERMINOLOGY

> Order cycle:

> Lead time:

> Safety stock:

2.7 INVENTORY COST RELATIONSHIPS

2.8 ECONOMIC ORDER QUANTITY