ORGANIZATION PROFILE

FUTURE GROUP
Future Group is an Indian private conglomerate, headquartered in Mumbai. The
company is known for having a significant prominence in Indian retail and fashion
sectors, with popular supermarket chains like Big Bazaar and Food Bazaar, lifestyle
stores like Brand Factory, Central etc. and also for having notable presence in
integrated foods and FMCG manufacturing sectors. Future Retail and Future Lifestyle
Fashions, two operating companies of Future Group, are among the top retail
companies listed in BSE with respect to assets and in NSE with respect to market
capitalization.

Future Group understands the soul of Indian consumers. As one of Indias retail player
with multiple retail formats, we connect a variety and interested community of Indian
buyers, sellers and businesses. The impact on business is revolving: Around 300
million customers walking into our stores each year and choose products and services
supplied by over 30,000 small, medium and large entrepreneurs and manufacturers
from across India. And this number is set to grow. Founder of future group is Kishore
Biyani.

Future Group employs 40,000+ people directly from every section of our society. We
source our supplies from enterprises across the country, creating fresh employment,
impacting livelihoods, empowering local communities and fostering mutual growth.

Company believe in the Indian dream and have aligned their business practices to
their larger objective of being a premier catalyst in Indias consumption led growth
story. Working towards this end, we are generating positive socio-economic changes in
society to help the Indian dream fly high and the Sone Ki Chidiya soars once again.
This approach remains stable in our mind even as we rapidly expand our mark deeper
wider into India.

Every day, Future Group brings multiple products, opportunities and services to
millions of customers in India. Through more than over 17 million square feet of retail
space, they serve customers in 102 cities across the India. Most of all, we help Indian
shopping, save and realize dreams and aspirations to live a better quality of life every
day.

Vision

The main vision of future group is Sone Ki Chidiya. This means The Golden Bird.

Future Groups vision is to, Deliver Everything, Everywhere, Every time to Every
Indian Consumer in the most Profitable manner.
 COMPANY PROFILE
COMPANY NAME: HOMETOWN
HomeTown is a unique one-stop destination for complete home-making solutions, the
first of its kind retail format in India. It provides consumers all that goes into building a
house and everything to make it a Home for them, all under one roof and makes a
perfect home for them.

Offering an array of home products and the services of skilled technicians, HomeTown
offers an experience that is democratic, hassle-free and convenient. All this comes with
service and product warranties at great prices.

The format also offers a one-of-its-kind Design and Build service that encompasses
experienced designers who help design the home, and a team of skilled technicians for
services like carpentry, flooring and tile installation, plumbing, sanitary ware
installation, painting and wallpaper, electrical fittings and much more. Design and
Build is flexible, transparent and easy on the pocket.

In 2006, HomeTown, the home building and improvement products retail chain was
launched also with consumer durables format Ezone and furniture chain Furniture
Bazar. In 2014, HomeTown underwent a complete makeover with a new tagline, "The
art of better living", logo and n-store branding.

Founder: Kishore Biyani (Founder and CEO Future Group Pvt Ltd)
He is the founder and chief executive officer (CEO) future group. with net worth of$1.3
billon.His elder daughter Ashini is a director of Future Ideas, group's innovation and incubation
Cell.

Home Town caters to aspirational, trendy and knowledgeable new home buyers as well as
replacement customers. Home Town added 16 new stores, including in 12 new cities, taking its
store count to 43 and number of cities it is present in to 21. These stores have a total operational
space of 1.3 Mn. Sq. Ft. The entire Home Town range is now available on www.fabfurnish.com,
that was acquired by a group Company, and is also available on a number of other online
retailers.

For its stores Home Town follows a hub-and-spoke model with HT Express extending Home
Towns reach and presence in new catchments and smaller towns and suburbs. Home Town has
now been introduced in a number of Central stores with HOMETOWN @ Central Concept.
Furniture contributes around two-thirds of sales, while its exclusive range of Duracucine
Modular Kitchens contribute almost a tenth of the business and the rest comes from homeware
and home improvement products. Home Town also offers Design and Build service providing
end to end services form interior decoration to execution and implementation.

Home Town focuses on three core aspects:

Quality
Design
Value

eZone, the electronics format has a strong digital presence through its websites and apps that are
available on all leading mobile operating systems. eZone now has 92 stores in 30 cities,
attracting over 41 million customers and total operational space of 0.5 Mn. Sq. Ft. Over the
years, eZone has evolved into one of the few electronics retailer that is growing and profitable.

As mentioned earlier, Future Retail Limited has 7 key retail brands. The organisational structure
and hierarchy for all these brands are more or less the same as shown below.
 INDUSTRY PROFILE
The Indian retail industry has emerged as one of the most dynamic and fast-paced industries due to
the entry of several new players. It accounts for over 10 per cent of the countrys Gross Domestic
Product (GDP) and around 8 per cent of the employment. India is the worlds fifth-largest global
destination in the retail space.

The India Retail Industry is the largest among all the industries, accounting for over 10 per cent of
the countrys GDP and around 8 per cent of the employment. It has come forth as one of the most
dynamic and fast paced industries with several players entering the market. But all of them have not
yet tasted success because of the heavy initial investments that are required to break even with other
companies and compete with them. The India Retail Industry is gradually inching its way towards
becoming the next boom industry. . India is the worlds fifth-largest global destination in the retail
space.

The total concept and idea of shopping has undergone an attention drawing change in terms of
format and consumer buying behavior, ushering in a revolution in shopping in India. Modern
retailing has entered into the Retail market in India as is observed in the form of bustling shopping
centers, multi-storied malls and the huge complexes that offer shopping, entertainment and food all
under one roof. India has occupied a remarkable position in global retail rankings; the country has
high market potential, low economic risk, and moderate political risk.

Indias net retail sales are quite significant among emerging and developed nations; the country is
ranked third (after China and Brazil). Overall, given its high growth potential, India compares
favourably with global peers among foreign investors. With investment of around US$ 511.76
billion, the first half of 2016 witnessed the highest annual private equity (PE) in the retail sector,
since 2008.

The future of the Retail industry looks promising with the growing of the market, with the
government policies becoming more favorable and the emerging technologies facilitating operations.
India has sometimes been called a nation of shopkeepers. This epithet has its roots in the huge
number of retail enterprises in India, which totaled over 12 million in 2003. About 78% of these are
small family businesses utilizing only household labor. India's retail sector appears underdeveloped
not only by the standards of industrialized countries but also in comparison with several other
emerging markets in Asia and elsewhere
 RESEARCH METHODOLOGY

Project Title :Importance of effective inventory management on furniture sales at

HomeTown

Objectives and Scope of the study :

Objectives
To study and analyze the inventory levels of furniture products at Hometown
To verify and classify various products based on its values and movements.
To identify and evaluate gaps if any that exist in current inventory management process
impacting sales
To explore potential changes in inventory levels that would enhance sales

Scope of the Study: This study on importance of effective inventory management on sales
may help the company to realise the significance of having an effective inventory system. The
study may evaluate the current inventory levels of furniture products at Hometown and classify
them on the basis of value and movements. The study may seek to identify potential changes in
inventory levels for enhancing sales.This may equip the company to take corrective actions to fill
the gaps and improve sales and profit.

Research Design
The type of research to be conducted is descriptive in nature. The company has existing
inventory management . Their effectiveness has to be measured and its impact on sales has to be
investigated and suggestions have to be given at the end of the study. Company existing
inventory levels are measured and classify products on the basis of value and movements also
questionaires are to be given to employes to collect their reponses regarding importance of
inventory management on sales.

Population

The population for the study are the employees at different levels of the organisation. Hometown
has got employees under various designations like product experts, relationship experts, fitters,
carpenters, visual merchandisers, designers, cashiers and commercial executives apart from
different department and store managers.
Sampling

The samples can be selected using stratified random sampling. As mentioned above, there are
many employees working under specific designations and departments. Hometown, Mantri
Square Mall employs around 75 people. Sampling size would be 30.

Data Collection

Data collection will be done using questionnaires (survey method), interviews and secondary
sources.

Primary Data

Primary data will be collected from the database of Hometown and also from employees using
the questionnaires, and direct interviewing to collect their reponses regarding importance of
effective inventory management on sales.

Secondary data

Secondary data can be obtained from the database and records.

Data Analysis
Analysis of the data will be done through parametric tests, whichever is applicable.
Questionnaire includes nominal, ordinal and likert scales, hence tests like t-tests will be
conducted.