INVENTORY MANAGEMENT

SYNOPSIS ON
A STUDY ON INVENTORY MANAGEMENT OF
CERATIZIT INDIA ROUND TOOL SOLUTIONS PVT.
LTD.
submitted in portial fulfilment of the requirement for the award
of the degree of
MASTER OF BUSINESS ADMINISTRATION
OF
NORTH BANGALORE UNIVERSITY
BY
MAMATHA T
REG NO:MB181668
Under the Guidance
Of
Prof SRAVAN

KRUPANIDHI SCHOOL OF MANAGEMENT

NO. 12/1, Chikka Bellandur, Hobli, Carmelaram,
Po, Varthur, Karanakata 560035
2018-2020

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TITLE:
A STUDY ON INVENTORY MANAGEMENT IN
CERATIZIT INDIA ROUND TOOL SOLUTIONS PVT.
LTD.
INTRODUCTION
CERATIZIT .Was created in 2002 and 50% of share acquire
by the Cobra Carbide. It is a manfacturer of hard material
products for wear protection and highly specialized cutting
tools, indexable inserts and carbide rods to new types of
carbide and cermet grades for wood and stone working. The
constant innovation of meterials and applications helps to their
customers to create a large number of machines, tools,
applications, and customer goods which shape their immediate
environment and are part of them everyday life.
Inventory management in a ceratizit company it is a process of
ordering, storing, and using a company’s inventory. These
include the management of raw meterials, components, and
finished products as well as warehousing and processing such
items. For companies with complex supply chains and
manufacturing processses, blanacing the risks of inventory
gluts and shortages is especially difficult.To achieve these
balances, firms have developed to major methods for inventory
management: just in time and materials requirement planning:
just-in-time (JIT) and materials requriement planning(MRP)
It can also managed daily transactions with intake and outgoing
data. It can be used to store the details of inventory, update the
inventory based on the sales details, produce reciepts for sales,
generate sales and inventory reports periodically etc. The
purpose of the project is to build an application program to
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reduce the manual work for managing the stock. This

application has a good appearance and is very easy to operate.
It is verysimple source code. It saves our time and money.

PROBLEMS STATEMENTS
The problems selected to the analysis is to study the
effectiveness of Inventory control system at CERATIZIT PVT
LTD.
 The variation of the prices of raw materials are also analyzing
with their effects on the overall working of the units
 The purpose of Inventory management is to ensure availability
of material in sufficient quality and quantity as and when
required and also to minimize investment in inventories, thus it
is very essential to have proper control and management of
inventory
 Inventory play s vital role in operation of real estate’s industry.
The inventory ensures operational smoothness. Inventory refers
to stock of products a firm that is for sale and also the
components that make up the product usually. Inventories
constitute a major portion about 60% of total current assets.
Hence Management of inventory becomes crucial to the
successful management od overall working capital of a
business enterprise.

SCOPE OF THE STUDY

 The scope of the study is extended to materials department in
particular and purchases and stores department, in general
further the study confiner to the Ceratizit PVT LTD
 The mode of selecting vendors, managing the orders and
further actions for satisfying the requirement are analyzed.

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 The company’s purchase procedure will influence more on the

level of inventory of the company. So, the study of purchase
has vital role to understand the efficient system of the
company.
OBJECTIVES OF THE STUDY
The project study is aimed to evaluate the inventory control
system of CERATIZIT PVT LTD. The main objectives of
inventory management are operational and financial listed
below
 To have stock available as and when required.
 To maintain adequate accounting and understanding of
inventory.
 To avoid both overstocking and under stocking of inventory.
 To ensure right quality goods at reasonable price.
 To bring down the inventory carrying cost.
 To facilitate furnishing of data for short term and long-term
planning and control of inventory
 To avoid duplication in ordering or replenishing stocks.
 To decide which item to stock and which item to procure on
demand
RESEARCH METHODOLOGY
The Research Methodalogy reported to data collection is in
both
1. Primary data
2. Secondary data
Primary data collected by interacting with the accounts
manager. The data regarding the present systems of controling
inventory were collected.

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The secondary data was obtained from the past records and
files of the orgainazition and also from financial statements and
books, journals, magazines, newpaper and internet.

TYPES OF INVENTORY

RAW MATERIALS:
To hold stock of row materials on orgainization deloys its
primary production section of processes to obtain raw material
from manufacturing and stock list.

WORKING IN PROGRESS:
The holding of raw material and stock of finished goods is
generally a planned activity in process stocks, however are
likely to exist in any manufacturing organization

FINISHED GOODS:
The stock of finished goods provides a buffer between
customers and denmand and manufacturing suppliers. The
purpose of maintaining inventory is to ensure proper supply of
goods to customers.

LIMITATIONS:
The study is conducted at the CERATIZIT PVT LTD. The
findings may not applicable throughout the financial year.

 The findings of the study are applicable exclusively to

CERATIZIT PVT LTD. In Bommasandra, Bangalore.
 Further, in order to maintain the confidentiality of certain
aspects a few alterations have been made without hampering
the authenticity of the data.

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 As the study is purely for academic purpose the inexperience

of the author make the analysis less processed when campared
with the professional analysis.

CONCLUSION
To conclude that in CERATIZIT PVT LTD. The stores
department is concerned with the receiving of materials,
storing and issuing to the production department. Regarding
purchase department, it will purchase raw materials from
astria, china, germany
The company is consuming various categories of materials
there is balance between the procurement and consumption
more often the company depends upon the just in time
management principles which is very common in most of the
foreign collabarated organizations. The purchase procedure of
the company should move for lacalization, this should greatly
influence on easy procedure of the company, it will help to
increase the profits of the company.