Project on Kmc
TALE OF CONTENTS Sl. No | PARTICULARS | 1 | Executive summary | 2 | Introduction to KMF | 3 | Introduction to DMU | 4 | Company profile | 5 | Objectives and functions of DMU | 6 | Products of DMU | 7 | Departmental study | 8 | Conceptual background to inventory management | 9 | Kinds of inventory | 10 | Inventory control | 11 | Techniques of inventory control | 12 | Methods of inventory valuation | 13 | Analysis of inventory management at DMU | 14 | Inventory turnover ratio | 15 | Findings, suggestions, conclusion | 16 | Bibliography |
EXECUTIVE SUMMARY
This project is carried out in Dharwad Milk Union, which is a part of Karnataka Milk Federation (KMF). KMF is co-operative apex body in the state of Karnataka representing dairy farmer’s organization and also implementing dairy development activities to achieve the dairy objectives. KMF has 13 milk unions and D.M.U in the past five years and to calculate management’s performance in the past five years. The purpose of the project is to understand and analyze the present inventory management system practiced in the company. Inventory refers to the stockpile of the products that firm would sell in future in the normal course of business and the components that makes up the product. Good inventory management is good financial management. Inventory control is a science based art of insuring that enough inventory stock is held by an organization to meet its internal and external demand commitment economically. Inventory the subject, which means the attention of the top level management and influence to decision of the planning and executive personnel. Dharwad Milk Union has not adopted any scientific inventory management technique. The all the activities related to inventory is carried in manually. The major raw material for the plant is the milk. As milk is perishable product, the company cannot hold stock for long period of time. Store department maintains
EXECUTIVE SUMMARY
This project is carried out in Dharwad Milk Union, which is a part of Karnataka Milk Federation (KMF). KMF is co-operative apex body in the state of Karnataka representing dairy farmer’s organization and also implementing dairy development activities to achieve the dairy objectives. KMF has 13 milk unions and D.M.U in the past five years and to calculate management’s performance in the past five years. The purpose of the project is to understand and analyze the present inventory management system practiced in the company. Inventory refers to the stockpile of the products that firm would sell in future in the normal course of business and the components that makes up the product. Good inventory management is good financial management. Inventory control is a science based art of insuring that enough inventory stock is held by an organization to meet its internal and external demand commitment economically. Inventory the subject, which means the attention of the top level management and influence to decision of the planning and executive personnel. Dharwad Milk Union has not adopted any scientific inventory management technique. The all the activities related to inventory is carried in manually. The major raw material for the plant is the milk. As milk is perishable product, the company cannot hold stock for long period of time. Store department maintains