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Post: #1

.docx  49598233-inventory-management-at-ABB-Ltd.docx (Size: 118.14 KB / Downloads: 944)

A study of inventory management at ABB LTD is undertaken in order to know the inventory performance and position of the company and to know the strength and weakness and to assess the profitability of the company. Inventories constitute most significant part of assets of large majority of the companies in India. Inventory a double edged sword is usually an asset of an organization, if not used properly it will become liability. It is therefore absolutely very important to manage inventories efficiently and effectively in order to overcome unnecessary investment. And “To identify the problems/challenges involved in the Inventory Management process at ABB ltd.”
The main objectives of the study are:-
1. To study the tools and techniques of inventory management adopted at ABB Ltd.
2. To study the inventory control measures in inventory management.
3. To study the demand forecast of inventory management at ABB Ltd.
4. To study how ABC analysis and aging schedule is implemented in inventory management.
5. To determine the stock level in inventory management at ABB Ltd.
6. To identify problems related to inventory management and to find out suitable measures to overcome them.
7. To study the methods of valuation of inventory on ABB Ltd.
8. To study the inventory management procedure.
9. To make a comparative study of inventory management in last 5 years using ratio analysis technique.
Methodology of data collection
a) Primary data
The primary data is collected by personal interviews with officials.
b) Secondary data
Files, annual reports, periodicals, manuals and text book. Which have already been passed through the statistical process are the secondary data used.
c) Field work
This was under taken individually to collect various information regarding the study by visiting following sections.
Stores department
Information regarding stocking of materials receipts and issues to workshops. Inventory control procedures in various wards inside the department were obtained.
Accounts department
Remaining all the information was obtained from accounts department through personal interviews with section officials.
Plan of analysis
The analysis and interpretation was collected from finance department thus processed and tabulated is in the form of tables and graphs. The table thus obtained by calculating average, percentage, turnover ratio, graphs and diagram in respect of the stock of raw materials sales & inventory control procedures and thus to draw conclusion from the analysis done.
Scope of the study
• This study is to find the facts and opinions of inventory management and control at ABB plant.
• In accordance with the present trends it aims mainly at finding out the inventory control procedures at ABB.
• This study gives the brief information about the inventory management of the indo ABB ltd
• The study was done by using annual reports, inventory manual…etc.
Limitation of the study
• Time restriction was only 30 days of project work in the organization.
• The information, which was needed, could not be made public by the organization.
• The study are related to ABB ltd Bangalore only
• The finding and suggestion cannot be generalized.
• The study covered a wide concept hence wide collection and coverage of information was not easily possible.
Post: #2
to get information about the topic inventory management full report refer the link bellow
Post: #3

.pdf  inventory management.pdf (Size: 78.22 KB / Downloads: 448)

Inventory is a list for goods and materials, or those goods and materials themselves, held available in stock by a business. Inventory are held in order to manage and hide from the customer the fact that manufacture/supply delay is longer than delivery delay, and also to ease the effect of imperfections in the manufacturing process that lower production efficiencies if production capacity stands idle for lack of materials.
The most important objective or inventory control is to determine and maintain an optimum level of investment in the inventory. Most companies have now successfully installed one or the other system of inventory planning and control.
Inventory Management and Inventory Control must be designed to meet the dictates of the marketplace and support the company's strategic plan. The many changes in market demand, new opportunities due to worldwide marketing, global sourcing of materials, and new manufacturing technology, means many companies need to change their Inventory Management approach and change the process for Inventory Control.
Despite the many changes that companies go through, the basic principles of Inventory Management and Inventory Control remain the same. Some of the new approaches and techniques are wrapped in new terminology, but the underlying principles for accomplishing good Inventory Management and Inventory activities have not changed.
The Inventory Management system and the Inventory Control Process provides information to efficiently manage the flow of materials, effectively utilize people and equipment, coordinate internal activities, and communicate with customers. Inventory Management and the activities of Inventory Control do not make decisions or manage operations; they provide the information to Managers who make more accurate and timely decisions to manage their operations.
The basic building blocks for the Inventory Management system and Inventory Control activities are:
Sales Forecasting or Demand Management
Sales and Operations Planning
Production Planning
Material Requirements Planning
Inventory Reduction
The emphases on each area will vary depending on the company and how it operates, and what requirements are placed on it due to market demands. Each of the areas above will need to be addressed in some form or another to have a successful program of Inventory Management and Inventory Control.


There are the four major reason for holding inventories.
Which emphasized the need to maintain inventories to smoothen production and sales operations, which is for the day-to-day use.
Which necessities holding of inventories to guard against the risk of unpredictable changes in the market.
There is a speculative element which influences the decision to increase or decrease Inventory levels to take advantage of price change.

Inventories can be classified in terms of its different uses, which will enable one to appreciate the peculiarities and problems in its uses. Secondly the differentiation based on uses of inventories will enable one to adopt control techniques to suit the needs
Inventories are classified according to uses and point of entry in the alteration is as follows:
1. Raw Material
2. Spares and Consumables
3. Work in Process Goods and
4. Finished Goods
Post: #4

.pdf  INVENTORY MANAGEMENT.pdf (Size: 189.87 KB / Downloads: 504)


As we know the manual processing is quite tedious, time
consuming, less accurate in comparison to computerized processing. Obviously the
present system is not is exception consultant encountering all the above problems.
1. Time consuming.
2. It is very tedious.
3. All information is not placed separately.
4. Lot of paper work.
5. Slow data processing.
6. Not user-friendly environment.
7. It is difficult to found records due file
management system.


In new computerized system I tried to give these facilities.
1. Manually system changes into computerized
2. Friendly user interface.
3. Time saving.
4. Save paper work.
5. Connecting to database so we use different type of queries, data report.
6. Give facility of different type of inquiry.
7. Formatted data.
8. Data’s are easily approachable.


It is a graphical representation of the data. It identifies the path the data
will take, what process will take place to it from one from to another.

The collection of tables of data is called a database. Entity relationship
model is used here to obtain a conceptual model of data used in this case study. In
E-R diagram following symbols are used:
Post: #5
to get information about the topic "inventory management" full report ppt and related topic refer the link bellow
Post: #6
Inventory Management

.ppt  Ch_16_InventoryManagement.ppt (Size: 1.26 MB / Downloads: 78)


Inventory refers to the stockpile of the products a firm would sell in future in the normal course of business operations and the components that make up the product. The firm stores three types of inventories, namely, raw materials, work-in-process/semi-finished goods and finished good.

The management of inventory is different from the management of other current assets in that virtually all the functional areas are involved. The job of the finance manager is to reconcile the conflicting viewpoints of the various functional areas regarding the appropriate inventory levels.

ABC Analysis

The ABC system is a widely-used classification technique for the purpose. On the basis of the cost involved, the various items are classified into three categories:

A, consisting of items with the largest investment.
C, with relatively small investments, but fairly large number of items.
B, which stands mid-way between category A and C.

Category A needs the most rigorous control, C requires minimum attention, and B deserves less attention than A but more than C.
Post: #7

.pptx  INVENTORY.pptx (Size: 767.88 KB / Downloads: 49)

What Is Inventory?

Stock of items kept to meet future demand
Purpose of inventory management
how many units to order
when to order

Types of Inventory

Raw materials
Purchased parts and supplies
Work-in-process (partially completed) products (WIP)
Items being transported
Tools and equipment

Inventory and Quality Management in the Supply Chain

Customers usually perceive quality service as availability of goods they want when they want them
Inventory must be sufficient to provide high-quality customer service in QM
Post: #8

.docx  DEFINITIONS OF INVENTORY.docx (Size: 13.37 KB / Downloads: 45)


* Policies, procedures, and techniques employed in maintaining the optimum number or amount of each inventory item. The objective of inventory management is to provide uninterrupted production, sales, and/or customer-service levels at the minimum cost. Since, for many firms, inventory is the largest item in the current assets category, inventory problems can and do contribute to losses or even business failures. Also called inventory control
* Involves a retailer seeking to acquire and maintain a proper merchandise assortment while ordering, shipping, handling, and related costs are kept in check.
* Systems and processes that identify inventory requirements, set targets, provide replenishment techniques and report actual and projected inventory status.
* Developing and maintaining adequate assortments of products to meet customers' needs
* Inventory management means controlling stock levels within the physical distribution function to balance the need for product availability against the need for minimizing stock holding and handling costs.
* The process of acquiring and maintaining a proper assortment of merchandise while keeping ordering, shipping, handling, and other related costs in check.
* It is the activities involved in maintaining the appropriate level of stock in a warehouse.
Post: #9

.pptx  INVENTORY MANAGEMENT.pptx (Size: 61.28 KB / Downloads: 45)

What is inventory

An inventory is a stock or store of goods.
Inventory ranges from small things like nuts to large items like machines.
Inventory plays an important role in both manufacturing as well as service sector.


Inventory management is a core operations management activity.
A good inventory management is essential for successful operations of business processes.
Poor inventory levels provides complications.


To meet anticipated customer demand.
To smoothen production requirements.
To hedge against price rises.
To protect against stockouts.
To take advantage of quantity discounts.


Used to identify fixed order size
Minimizes sum of annual cost of holding inventory & Ordering inventory
Only one product is involved
Annual demand requirement is known
Demand rate is reasonably constant as demand is spread evenly.
Lead time does not vary
Each order is received in a single delivery
There are no quantity discounts
Post: #10
to get information about the topic "inventory management" full report ppt and related topic refer the link bellow
Post: #11
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