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VISVESVARAYA TECHNOLOGICAL

UNIVERSITYPOST GRADUATE STUDIES, MYSURU

Synopsis On

“Inventory Management of the

WIPRO ENTERPRISES (P) LIMITED

SUBMITTED BYMANJESHGOWDA A N

!SN" #$%&#M'##

n* +ER M',

$T! P- ST!DIES, M+SORE

INTERNAL GUIDE: EXTERNAL GUIDE:

Mr SHIVA KUMAR Mr BHOOPAL KRISHNA URS

SSISTNT PRO.ESSOR /R MN-ER

$T! P0- ST!DIES WIPRO ENTERPRISES (P) LTD

Mys1r1 Mys1r1

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INTRODUCTION

Wipro 2ons1mer 2are an* Lighting, a part of Wipro Enterprises (P) Limite*,

is among the fastest gro3ing .M2- 41sinesses in In*ia0 Wipro 2ons1mer 2are5s

41sinesses in671*e Persona7 3ash pro*16ts, toi7etries, persona7 6are pro*16ts, 4a4y

6are pro*16ts, 3e77ness pro*16ts, e7e6tri6a7 3ire *evi6es, Domesti6 an* 2ommer6ia7

7ighting an* Mo*17ar offi6e f1rnit1re0 It has a strong 4ran* presen6e 3ith signifi6ant

mar8et share a6ross segments in In*ia, So1th East sia an* the Mi**7e East0

The a691isition of !n:a, +ar*7ey an* LD Wa;sons has given Wipro 2ons1mer

2are a g7o4a7 footprint0 Its 8ey 4ran*s in671*e Santoor (a Toi7et soap 4ran* 3ith

e;tensions in persona7 6are), 2han*ri8a, -716ovita -716ose po3*er, North3est

S3it6hes, En6hante1r (a fema7e toi7etry 4ran*), Romano (a ma7e toi7etry 4ran*), 'io

Essen6e (a s8in6are 4ran*) an* +ar*7ey (a 71;1ry toi7etry 4ran*)0

Wipro Infrastr16t1re Engineering spe6ia7i:es in *esign < man1fa6t1re of

61stom 41i7t /y*ra17i6 2y7in*ers (Do147e 6ting, Sing7e 6ting an* Te7es6opi6),

6t1ators an* Pre6ision Engineere* 2omponents for infrastr16t1re an* re7ate*

in*1stries s16h as 2onstr16tion < Earthmoving, Materia7=2argo /an*7ing an*

.orestry, Tr168 /y*ra17i6, .arm < gri617t1re, Mining, an* erospa6e < Defen6e0

Wipro Infrastr16t1re Engineering is the 7argest in*epen*ent hy*ra17i6 6y7in*er

man1fa6t1rer in the 3or7*, *e7ivering aro1n* &0> mi77ion 6y7in*ers to OEMs in

*ifferent geographies0 part from the a4ove it a7so has a p7atform offering en*?to?en*

so71tions in Water an* Waste3ater treatment for in*1stria7 app7i6ations, 6atering to

in*1stries s16h as Oi7 < -as, Stee7, Po3er, Pharma < 2hemi6a7 to name a fe30

Wipro Enterprises has t3o @oint vent1res name7y"

&0 Wipro -E /ea7th6are Private Limite*

0 Wipro Aa3asa8i Pre6ision Ma6hinery Private Limite*

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Inventr! M"n"#e$ent"?

Inventory management is primari7y a4o1t spe6ifying the si:e an* p7a6ement of

sto68e* goo*s0 Inventory management is re91ire* at *ifferent 7o6ations 3ithin a

fa6i7ity or 3ithin m17tip7e 7o6ations of a s1pp7y net3or8 to prote6t the reg17ar an*

p7anne* 6o1rse of pro*16tion against the ran*om *ist1r4an6e of r1nning o1t of

materia7s or goo*s0 The s6ope of inventory management a7so 6on6erns the fine 7ines

4et3een rep7enishment 7ea*?time, 6arrying 6osts of inventory, asset management,

inventory fore6asting, inventory va71ation, inventory visi4i7ity, f1t1re inventory pri6e

fore6asting, physi6a7 inventory, avai7a47e physi6a7 spa6e for inventory, 91a7ity

management, rep7enishment, ret1rns an* *efe6tive goo*s an* *eman* fore6asting0

'a7an6ing these 6ompeting re91irements 7ea*s to optima7 inventory 7eve7s, 3hi6h is

an on?going pro6ess as the 41siness nee*s shift an* rea6t to the 3i*er environment0

L%ter"t&re Rev%e':(

S166ess of any in*1stria7 1n*erta8ing *epen*s 1pon the B m5s

&) Money ) Manpo3er C) Ma6hine #) Mar8et >) Materia7

B) Management

materia7 are pivota7 importan6e not 7ess than any other m5s pro47ems have their root

in materia7 affe6ts the effi6ien6y of a77 men, ma6hine, money <mar8eting *e6isions of

the firms an* th1s 4e6omes the grave 6on6ern of management at a77 7eve7s0 If there

3ere too m16h of materia7 pro47ems 7i8e i*ea7 f1n*s 7ie* 1p in e;6essive inventory

storage an* o4so7es6es *iffi617ties mar8et press1res 3o17* arise0 Th1s, the important

of inventory management is rea7ise*0

n1m4er of st1*ies have 4een *one in the fie7* of inventory management 4y

vario1s resear6hers0 Some of them are given 4e7o3

&0 1thor "?'ern at *e Wi77iam year F

this st1*y te77s that the main fo61s of inventory management is on transportation an*

3areho1sing0 The *e6isions ta8en 4y management *epen*s on the tra*itiona7 metho*s

of inventory 6ontro7 mo*e7s 0The tra*itiona7 metho*s of inventory management is ho3

m16h 1sef17 in these *ays the a1thor te77s a4o1t it is so m16h e;pensive 41t the

managing the inventory is most important 3or8 for any man1fa6t1ring 1nit0

0 1thor "? Gon s6hrei4fe*er &HH

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/e sai* that it is easy to t1rn 6ash into inventory, he 6ha77enge is to t1rn inventory

4a68 into 6ash0 In ear7y &HH5s many *istri41tor re6ogni:e that they nee*e* he7p

6ontro77ing an* managing their 7argest asset inventory0 In response to this nee* severa7

6ompanies *eve7ope* 6omprehensive inventory management mo*17es an* systems,

these ne3 pa68age may in671*e ne3 feat1res *esigne* to he7p *istri41tors effe6tive7y

manage* 3areho1se sto68 41t after imp7ementing this many *istri41tors not fee7 that

they have gaine* 6ontro7s of their inventory

C0 1thor"? Wo7f 'ag4y, Managing inventory

In this st1*y Mr, W0 'ag4y e;p7ains that 4y managing the inventory it 4e6omes easier

for the organisation to meet profit goa7s, shorter the 6ash 6y67e, avoi* inventory

shortage, avoi* e;6essive 6arrying 6osts for 1n1se* inventory, an* improve

profita4i7ity 4y *e6reasing 6ash 6onversion an* a*opt GIT system0 66or*ing to this

st1*y, 6ompanies nee* to get smart a4o1t inventory0

#0 1thor"? D0/oopman pri7 ,C

(rti67e from inventory p7anning an* optimi:ation)

In this arti67e he sai* that inventory optimi:ation re6ogni:e that *ifferent

in*1stry have *ifferent inventory profi7es an* re91irements0 Resear6h has in*i6ate*

that so71tions are pri6e* in a 7arger range from tens of tho1san*s of *o77ars to mi77ions

of *o77ars0 In this ni6he mar8et se6tor pri6e is *efinite7y not an in*i6ator of the 91a7ity

of so71tion, ROI an* 1sa4i7ity0

>0 1thor"?sfa91e hme* O6to4er &,#

(rti67e from master re91irement p7anning an* master pro*16tion s6he*17ing)

/e sai* that most of the man1fa6t1ring 6ompany ven*ors have p7anning an*

s6he*17ing pro*16t, 3hi6h ass1me either infinite pro*16tion 6apa6ity for 6a7617ating

91antities of ra3 materia7 an* 3or8 in progress (WIP) re91irements or infinite

91antities of ra3 materia7 an* WIP materia7s for 6a7617ating pro*16tion 6apa6ity0

There are many pro47ems 3ith this approa6h an* ho3 to avoi* these 4y ma8ing s1re

that the pro*16t yo1 are 41ying in*ee* ta8es into a66o1nt finite 91antities of re91ire*

materia7s as 3e77 as finite 6apa6ities of 3or8 6anters in yo1r man1fa6t1ring fa6i7ities0

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PROBLEM STATEMENT

Iss1e re7ate* to the 61rrent system in the 6ompany 1n*er inventory

management systems 7i8e safety sto68, 3hi6h 7ea*s to s6are for sto68 at emergen6y if

safety sto68 proper7y not spe6ifie*0

In a**ition, a77 the finan6ia7 imp7i6ation re7ate* to inventory management of a

parti617ar *epartment (to 4e assigne* 4y the 6ompany) an* a77 the finan6ia7

imp7i6ations re7ate* to it0 Espe6ia77y the 6ost re7ate* to it0

OBJECTIVES:

Pr%$"r! )*e+t%ve:(

To ana7yse that the e;isting inventory management system in Wipro

Enterprises (P) Limite*0

Se+n"r! )*e+t%ve:(

&0 To verify the mismat6h 4et3een the or*er an* re6eipt of mate

0 To fin* o1t the impa6t of inventory on 3or8ing 6apita70

C0 To fin* o1t minim1m sto68 7eve7, ho3 m16h sto68 sho17* 4e or*er0

#0 To fin* o1t the effe6t of proper inventory management in pri6ing of the

goo*s0

METHODOLOGY: The metho*o7ogy in the st1*y of inventory management in671*es the 6o77e6tion of

primary an* se6on*ary *ata thro1gh the *ifferent metho*s of ea6h0

Data 3i77 4e 6o77e6te* from e;isting re6or*s of the 6ompany0 'oth present an*

past re6or*s 3ere 1se*0

Se6on*ary *ata is the information that a7rea*y e;isting some3here, 3hi6h has

6o77e6te* to serve another p1rpose0 In this st1*y, se6on*ary *ata has 4een

6o77e6te* from the fo77o3ing so1r6es"

o 2ompany Re6or*s an* Reports0

o Ne3spapers=Maga:ines0

o $ario1s We4sites0

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SCOPE

Are" Cvere:

The st1*y 3i77 4e fo61se* on the sto68 7eve7s an* the 6osting re7ate* to inventory

management 1n*er the *epartment (to 4e assigne* 4y 6ompany)0

Per% - St&!:

The st1*y 3i77 4e 6arrie* o1t for t3o month in the year of &B *1ring 3hi6h the

resear6her is going to st1*y the 6ompany5s re7ationship 3ith *ea7ers an* *istri41ters

an* o4tain their vie30

Te+.n%/&e t )e &0e:

Re91ire* *ata for resear6h 3i77 4e 6o77e6te* from the store *epartment an* persona7

intervie3 if nee*e*0

Th1s the st1*y on inventory management of a parti617ar *epartment at Wipro

Enterprise (P) Limite* 3i77 give 8no37e*ge a4o1t the metho* of inventory

management an* ho3 it affe6ts the pri6ing of the goo*s0 This resear6h 3i77 a7so he7p

in 1n*erstan*ing the retai7 41siness in 4etter 3ay0

manjesh (2)

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