FINAL PROJECT REPORT ON

INVENTORY MANAGEMENT
For

IFFCO (AONLA)
By ROBINS GUPTA Roll No-9212760299

In Fulfillment for the award of the degree Master of Business Administration 2009-2011

PUNJAB TECHNICAL UNIVERSITY

NEW DELHI INSTITUTION OF MANAGEMENT

F-13, Okhla Phase-1, New Delhi, Pin: 110020 Ph.: 011- 43272000, 26813001

INVENTORY MANAGEMENT
For

IFFCO (AONLA)

Under the supervision of

Prof. R. K. Sharma & Ms. Sayanti Banerjee

Submitted ByRobins Gupta Roll No. : 9212760299

Submitted ToProf. Manoj Kumar

DECLARATION
I, ROBINS GUPTA, student of New Delhi Institution of Management, Punjab Technical University, Roll No-9212760299, Batch 2009-2011 declare that every part of the Project Report INVENTORY MANAGEMENT OF IFFCO

(AONLA) that I have submitted is original. It has been prepared by me under the guidance and supervision of Prof.R.K.Sharma and Ms.Sayanti Banerjee. I was in regular contact with the nominated guide and contacted several times for discussing the project. I also declare that this project report has not been submitted to any other university for the award of any other degree, fellowship, associate ship or any other similar title.

Date of project submission:

-------------------------Robins Gupta Roll No-9212760299

-------------------------Prof. R.K.Sharma (Subject Guide)

--------------------------Ms.Sayanti Banerjee (Research Methodology Guide)

PREFACE

A comprehensive practical study of management is a supplement to the theoretical classroom knowledge. It helps to understand the subject more precisely. This report tries to outline idea of professional world & helps in understanding the pragmatic aspect of management function. Own observation are significant towards the contribution in learning the subject. The report is therefore designed as a reference of organization functioning rather than copy down instrument. The purpose of vocational training is to make management student familiar with day to day functioning of business. The present report is an effort in this direction. My humble endeavor & motive in presenting the project report is to impart a balanced introduction & knowledge of functions of inventory management which is an important integral part of financial management. It is hoped that this project will serve as a supportive document to research worker as effort has been tried to make this report an informative, stimulating & self explanatory.

ACKNOWLEDGEMENT

I would like to thank Dr.Manab Adhikary,Director of New Delhi Institution of Management,New Delhi,for the guidance he has given to me in the conduction of my project work. I express my profound thanks to Ms.Sayanti Banerjee, my teacher and guide, who has been magnanimous in guiding, encouraging and support me during this project and she guided me to choose this immensely productive topic and it was because of her confidence in me that I have been able to carry out such a beautiful study report. My sincere thanks go to Prof.R.K.Sharma, for giving me an opportunity to do project and for extending his valuable time and guidance and patient support throughout my project. I would also like to extend my sincere thanks to Mr.VINOD KUMAR GUPTA for helping lot to know about my subject. Finally, this project would not have been possible without the confidence, endurance and support of my family. My family has always been a source of inspiration and encouragement. I wish to thank my family, whose love, teachings and support have brought me this far.

CONTENTS

S. No.

List of Contents

Page No.

1. 2. 3. 4. 5. 6. 7. 8. 9. 10.

Executive Summary Objective of the Study Organization Profile Aonla Plant Finance and Account Department Inventory Management Research Methodology Conclusion Recommendation Bibliography

1 2 3 13 20 24 66 70 71 72