Beruflich Dokumente
Kultur Dokumente
On
“A STUDY ON INVENTORY MANAGEMENT AND COST CONTROL
PROCEDURE AT TOYOTA KIRLOSKAR AUTO PARTS PRIVATE
LIMITED.”
Submitted in partial fulfillment of the requirements for the award of the degree of
OF
BANGALORE UNIVERSITY
By
YATHISH B
1. Introduction
This project is carried out in fourth semester for partial fulfillment of the requirement for
the award of the degree of MBA in Bangalore University undertaking this dissertation we
wanted to show the importance of the costs of providing the necessary information to the
management in order to take the best decisions in crisis conditions. We considered the
following objectives that an enterprise should have in the conditions of an unfavorable
economic environment: the importance of the costs with the wages in the cost structure
of the enterprise.
Researcher has chosen “A Study on Inventory Management and Cost Control Procedure
at Toyota Kirloskar Auto Parts Private Limited.” as the topic for the research.
Inventory management for companies with complex supply chains and manufacturing
processes, balancing the risks of inventory gluts and shortages is especially difficult. To
achieve these balances, firms have developed two major methods for inventory
management: just-in-time and materials requirement planning: just-in-time (JIT) and
materials requirement planning (MRP).
An increase in manufacturing costs and reduced sales revenue which has added to
reduced profitability in the Manufacturing sector has produced the need for me to report
the problem through this research.
2.2 Objectives of the study:
1. To study about the ordering levels for the important components of inventory.
2. To evaluate the inventory management practices of “Toyota Kirloskar Auto Parts
Private Limited.”
3. To understand the requirements needed to ensure an effective cost control system.
Inventory management is very important for “Toyota Kirloskar Auto Parts Private
Limited”. It enables the business to meet or exceed expectations of the customers by
making the products readily available.
The scope of the study includes the ABC Analysis of Raw Materials, work in progress
and finished goods for four financial years.
This study provides insight to the management of high value items and also brings
attention of management towards movement of ‘A’ class items over period of 4 years
The data has been collected through interaction and discussions with the executives
working in the division. Some important information has been collected through couple
of unstructured interviews of executive. Annual reports and other magazines published
by the company are used for collecting the essential information.
The data on which this study is based were collected from two major sources:
Primary and secondary data. For the primary data, the researcher had to rely on
questionnaire and oral interview. The questionnaire were administered to factory
employees and suppliers.
The necessary secondary source used were relevant textbooks, journals, periodicals,
seminar papers, annual reports, academic and business publications, newspaper, articles
and magazines.
2.5 Literature Review:
(Kokate, 2018)Concluded the for high rise structure first of all to calculate the cost
required from drawings. The cost required for structure is more that time need to
decreases the cost by using various methods and techniques. In this research the cost
of structure of domestic building is reduced by using alternate material as well as to
reducing the reactive accident which is reduces the cost of project work.
Atnafu, D. (2018, 06 23). The impact of inventory management practice on. Atnafu &
Balda, Cogent Business & Management, 05, 325.