inventory management of uttara motors
Introduction: Motorcycles manufactured by India's Bajaj Group have attained the top position in recent years in the country's fast growing bike market beating the Hero Honda brand assembled and marketed by the state-owned Atlas Bangladesh Limited.
Different brands of Bajaj have market shares of around 30 per cent, Hero Honda nearly 22 percent, Dayun brands, supplied by Runner Automobiles, 17 percent and the TVS motorbikes come to the fourth position in the market.
Bajaj's popular products are Pulsar 150, 135, Discover 100, 150, Avenger, Platina 100, 125 and Bajaj CT 100.
A total of 2, 30,000 pieces of motorcycles were sold in Bangladesh in 2010, sales growing at a pace of nearly 25 percent.
Problem Statement: I have noticed problems in the inventory management of Bajaj Collection which is a motorcycle showroom and a dealer of Uttara Motors Pvt Limited. Being a good and only showroom at Mohammadpur, Bajaj Collection is not being able to provide customers with the desired bike that the customers want. This problem is only because of their poor inventory management system. They don’t know exactly how to design their inventory so that customers can easily get the desired color or model of motorcycles.
How to solve the problem: This problem of inventory management in Bajaj Collection can be solved by adopting ABC Classification System. If Bajaj collection designs the inventory according to some measure of importance and allocate control efforts accordingly then I think it will be possible to solve the problem. What is ABC classification??
An Overview: By classifying your Inventory into A, B, C categories you can manage your Inventory in a more productive and economic manner through relaxed controls on low valued items whilst applying more stringent controls of high valued items. This cuts down the costs involved in checking every item - every time by applying greater emphasis on key items.
Let us first address what we mean by ABC Classification.
Different brands of Bajaj have market shares of around 30 per cent, Hero Honda nearly 22 percent, Dayun brands, supplied by Runner Automobiles, 17 percent and the TVS motorbikes come to the fourth position in the market.
Bajaj's popular products are Pulsar 150, 135, Discover 100, 150, Avenger, Platina 100, 125 and Bajaj CT 100.
A total of 2, 30,000 pieces of motorcycles were sold in Bangladesh in 2010, sales growing at a pace of nearly 25 percent.
Problem Statement: I have noticed problems in the inventory management of Bajaj Collection which is a motorcycle showroom and a dealer of Uttara Motors Pvt Limited. Being a good and only showroom at Mohammadpur, Bajaj Collection is not being able to provide customers with the desired bike that the customers want. This problem is only because of their poor inventory management system. They don’t know exactly how to design their inventory so that customers can easily get the desired color or model of motorcycles.
How to solve the problem: This problem of inventory management in Bajaj Collection can be solved by adopting ABC Classification System. If Bajaj collection designs the inventory according to some measure of importance and allocate control efforts accordingly then I think it will be possible to solve the problem. What is ABC classification??
An Overview: By classifying your Inventory into A, B, C categories you can manage your Inventory in a more productive and economic manner through relaxed controls on low valued items whilst applying more stringent controls of high valued items. This cuts down the costs involved in checking every item - every time by applying greater emphasis on key items.
Let us first address what we mean by ABC Classification.