A Project Report on Inventory Control at Big Bazaar
A
Project Report
On
INVENTORY CONTROL AT
Submitted to: DR. HITESH PARMAR
Submitted By:
SAINIL SHAH 31 JAYESH WAGHWANI 54
RAHUL TRIPATHI 46 VISHAL SHINDE 59
MBA, Sem- 2, (Sec- B)
Academic year: - 2012-2013
CONTENT
1) Introduction to Inventory control
2) Inventory investment control
3) Inventory replenishment
4) How to Achieve Inventory Control?
5) Inventory costs
6) Introduction to Big Bazaar
7) Types of inventories maintained at Big Bazaar
8) Decision of how inventories are maintained
9) Software used for inventory control in Big Bazaar
10) Reorder points of inventories
11) Supply chain of perishable and imperishable goods
12) Conclusion
13) Reference
INTRODUCTION:
You are in trouble if you have to keep telling customers, "I'm sorry we're out of that size. May we order it for you?" Even though the shirts are selling briskly, you will lose customers if you don't have an item in stock. When the customer spends, you have got to be ready with the goods. This is what inventory management is all about.
In many retail and wholesale operations, the single largest asset is inventory. Control of this investment is vital. It will eliminate a number of the problems associated with capital shortages and will also provide capital to permit expansion of operations for increased sales and profit.
What is inventory control?
Inventory management can be briefly described as:
• Acquiring an adequate supply and assortment of merchandise from which customers can buy.
• Providing safety stocks to meet unexpected demand or delays in inventory replenishment.
• Maintaining clear, correct, and current records.
• Purchasing the proper assortment of goods in quantities that will maintain inventory levels consistent with business requirements, while providing adequate safety stocks.
• Reducing excessive inventories promptly, so that the dollars realized from clearing overstocks can be invested in
Project Report
On
INVENTORY CONTROL AT
Submitted to: DR. HITESH PARMAR
Submitted By:
SAINIL SHAH 31 JAYESH WAGHWANI 54
RAHUL TRIPATHI 46 VISHAL SHINDE 59
MBA, Sem- 2, (Sec- B)
Academic year: - 2012-2013
CONTENT
1) Introduction to Inventory control
2) Inventory investment control
3) Inventory replenishment
4) How to Achieve Inventory Control?
5) Inventory costs
6) Introduction to Big Bazaar
7) Types of inventories maintained at Big Bazaar
8) Decision of how inventories are maintained
9) Software used for inventory control in Big Bazaar
10) Reorder points of inventories
11) Supply chain of perishable and imperishable goods
12) Conclusion
13) Reference
INTRODUCTION:
You are in trouble if you have to keep telling customers, "I'm sorry we're out of that size. May we order it for you?" Even though the shirts are selling briskly, you will lose customers if you don't have an item in stock. When the customer spends, you have got to be ready with the goods. This is what inventory management is all about.
In many retail and wholesale operations, the single largest asset is inventory. Control of this investment is vital. It will eliminate a number of the problems associated with capital shortages and will also provide capital to permit expansion of operations for increased sales and profit.
What is inventory control?
Inventory management can be briefly described as:
• Acquiring an adequate supply and assortment of merchandise from which customers can buy.
• Providing safety stocks to meet unexpected demand or delays in inventory replenishment.
• Maintaining clear, correct, and current records.
• Purchasing the proper assortment of goods in quantities that will maintain inventory levels consistent with business requirements, while providing adequate safety stocks.
• Reducing excessive inventories promptly, so that the dollars realized from clearing overstocks can be invested in