COMPANY PROFILE

GlaxoSmithKline Consumer Healthcare Ltd. is one of

the largest players in the Health Food Drinks industry in
India. With a workforce of over 2700 people, a strong
marketing and distribution network, and manufacturing
plants in Sonepat, Nabha and Rajahmundry, it
manufactures Horlicks, Boost, Viva and Biscuits,
Foodless and promotes and distributes Eno, Cronin,
Iodex and Sensodyne.

ABOUT THE NABHA PLANT

PRODUCT PROFILE
New Horlicks
Horlicks Pistachio
Horlicks Export
Horlicks Premix
Horlicks Vanilla Premix
Junior Horlicks Chocolate with DHA
Horlicks with FAT
Junior Horlicks
New Junior Horlicks
New Mother Horlicks
New Elaichi Horlicks
Boost Premix
Junior Horlicks
Biscuits
Foodless

INVENTORY

INVENTORY
MANAGEMENT
Successful inventory management involves creating a
purchasing plan that will ensure that items are available
when they are needed (but that neither too much nor too
little is purchased) and keeping track of existing inventory
and its use. Two common inventory-management strategies
are the just-in-time method, where companies plan to
receive items as they are needed rather than maintaining
high inventory levels, and materials requirement planning,
which schedules material deliveries based on sales forecasts.

INVENTORY CONTROL
TECHNIQUES
1. ABC Analysis
2. XYZ Analysis
3. VED Classification.
4. FNS Classification.
5. SOS Classification.
6. S-D-E Analysis
7. HML Analysis

RESEARCH METHODOLOGY
Sampling unit:
Nabha
Size of the sample:
50 people
Sampling Technique
Convenient sampling

OBJEVTIVES OF STUDY
To understand the process of inventory in Glaxo Smith
Kline.

To understand the various technique used in inventory

control in Glaxo Smith Kline.

To understand the process of arranging inventory such a

way that in any case of need we can get the required
product as fast as possible and particularly efficient.
To understand which computerized management service
is being used

Questionnaire

Categories stored

Raw materials

30%
70%

Finished Goods

Yes
No

100

Access to the System

Its divided among

heads

20%
20%

60%

Its full
.Cant say

Management reports

6% 4%

yes
No
Can't say

90%

catgorisation of items
ABC Analysis( Normally
used)
XYZ Analysis(Rarely
Used
VED analysis (most
rarely used

Where is inventory stored?

Contents
1. In General store
dep.
2.Warehouses
3.Special silos

No. of Persons
20%

%
40%

20%
10%

40%
20%

Inventory Stored

20%
40%

40%

In General store dep.

Warehouses
Special silos

Inference
From above chart we came to know that 40% of people say inventory is stored in General stores and 40% say in warehouses and 20% say
in special silos.

Security system overview

Hightech security
cameras

10%

fingerprint entry
system

20%

security guards

70%

Distribution of inventry items

Through
trolleys( Small
material

20%
20% 60%

Through people
(basic stationary)

Through
Trucks( heavy duty
engineering
materials)

10%

store manager
Basics operational head

90%

Difference in Calculation of inventory

10%
pv
Report matching

90%

FINDINGS
From above data collection and interpretation we are able understand the
process of inventory management being used in GSK, In Gsk ABC analysis is
being primarily used, where goods are being categorized.

After analysis we are also able to know how this system works and we are also
able to know how goods are being categorized so that they can be easily
available when required.

Products are stored with proper barcodes and all system is computerized we
just have to enter what we need then system will tell this item is placed at this
particular area and in this way we can get our required need fulfilled in a fast
and efficient way.

We also came to know about how the computerized system is being operated
and used. Basically Microsoft office Tools are being used such as Word excel etc

SUGESSTIONS
From above data collection and interpretation we are able understand the
process of inventory management being used in GSK, In Gsk ABC analysis is
being primarily used, where goods are being categorized.

After analysis we are also able to know how this system works and we are also
able to know how goods are being categorized so that they can be easily
available when required.

Products are stored with proper barcodes and all system is computerized we
just have to enter what we need then system will tell this item is placed at this
particular area and in this way we can get our required need fulfilled in a fast
and efficient way.

We also came to know about how the computerized system is being operated
and used. Basically Microsoft office Tools are being used such as Word excel
etc.

Conclusion
From the thorough assessment of my study on INVENTORY MANAGEMENT I
Concluded that Controlling techniques relating to the general inventory in GSK are developed
with the objective of ensuring that the inventory will be controlled in an effective manner,
without having any loss to the inventory.
The study of Recategorisation of the general store inventory of GSK is conducting for the
purpose of knowing the actual status of the inventory in the stores. First Recategorisation was
done in the year 1999 and after that it was conducted during the year 2005. From this study I
conclude that any technique remains effective only when if it is carried on regularly means at
proper time. This study reveals that through the ABC analysis, effective control can be
exercised on the inventory. Items, which have more importance to the company, those come
under strict control. But all the items should have been categorized specially those, which
have consumption value during the year. No doubt their criteria of Recategorisation is
appropriate but still some changes are required in it i.e. some movements of general stores
items are required between three categories.
At last I would like to say that there is proper control of inventory in the organization.
Inventory management is done at par. Proper accounts & records are maintained of each and
every item, better techniques are applied. 5S technique is implemented fully in GSK