VISVESVARAYA TECHNOLOGICAL UNIVERSITY

POST GRADUATE STUDIES, MYSURU

Synopsis On

“Inventory Management of the

WIPRO ENTERPRISE LIMITED”

SUBMITTED BYMANJESHGOWDA A N

USN: 4VZ14MBA442nd YEAR MBA,

VTU PG STUDIES, MYSORE

INTERNAL GUIDE: EXTERNAL GUIDE:Mr SHIVA KUMAR Mr BHOOPAL KRISHNA URSASSISTANT PROFESSOR HR MANAGERVTU P.G STUDIES WIPRO ENTERPRISE (P) LTD Mysuru Mysuru

INTRODUCTION

Wipro Consumer Care and Lighting, a part of Wipro Enterprises, is among the

fastest growing FMCG businesses in India. Wipro Consumer Care’s businesses

include Personal wash products, toiletries, personal care products, baby care products,

wellness products, electrical wire devices, Domestic and Commercial lighting and

Modular office furniture. It has a strong brand presence with significant market share

across segments in India, South East Asia and the Middle East.

The acquisition of Unza, Yardley and LD Waxsons has given Wipro

Consumer Care a global footprint. Its key brands include Santoor (a Toilet soap brand

with extensions in personal care), Chandrika, Glucovita Glucose powder, Northwest

Switches, Enchanteur (a female toiletry brand), Romano (a male toiletry brand), Bio

Essence (a skincare brand) and Yardley (a luxury toiletry brand).

Wipro Infrastructure Engineering specializes in design & manufacture of

custom built Hydraulic Cylinders (Double Acting, Single Acting and Telescopic),

Actuators and Precision Engineered Components for infrastructure and related

industries such as Construction & Earthmoving, Material/Cargo Handling and

Forestry, Truck Hydraulic, Farm & Agriculture, Mining, and Aerospace & Defence.

Wipro Infrastructure Engineering is the largest independent hydraulic cylinder

manufacturer in the world, delivering around 1.5 million cylinders to OEMs in

different geographies. Apart from the above it also has a platform offering end-to-end

solutions in Water and Wastewater treatment for industrial applications, catering to

industries such as Oil & Gas, Steel, Power, Pharma & Chemical to name a few.

Wipro Enterprises has two joint ventures namely:

1. Wipro GE Healthcare Private Limited

2. Wipro Kawasaki Precision Machinery Private Limited

Inventory Management:-

Inventory management is primarily about specifying the size and placement of

stocked goods. Inventory management is required at different locations within a

facility or within multiple locations of a supply network to protect the regular and

planned course of production against the random disturbance of running out of

materials or goods. The scope of inventory management also concerns the fine lines

between replenishment lead time, carrying costs of inventory, asset management,

inventory forecasting, inventory valuation, inventory visibility, future inventory price

forecasting, physical inventory, available physical space for inventory, quality

management, replenishment, returns and defective goods and demand forecasting.

Balancing these competing requirements leads to optimal inventory levels, which is

an on-going process as the business needs shift and react to the wider environment.

Literature Review:-

Success of any industrial undertaking depends upon the 6 m’s

1) Money 2) Manpower 3) Machine 4) Market 5) Material

6) Management

material are pivotal importance not less than any other m’s problems have their root

in material affects the efficiency of all men, machine, money &marketing decisions of

the firms and thus becomes the grave concern of management at all levels. If there

were too much of material problems like ideal funds lied up in excessive inventory

storage and obsolesces difficulties market pressures would arise. Thus, the important

of inventory management is realised.

A number of studies have been done in the field of inventory management by

various researchers. Some of them are given below;

1. Author :-Bern at de William year 2008

this study tells that the main focus of inventory management is on transportation and

warehousing. The decisions taken by management depends on the traditional methods

of inventory control models .The traditional methods of inventory management is how

much useful in these days the author tells about it is so much expensive but the

managing the inventory is most important work for any manufacturing unit.

2. Author :- Jon schreibfeder 1992

he said that it is easy to turn cash into inventory, he challenge is to turn inventory

back into cash. in early 1990’s many distributor recognize that they needed help

controlling and managing their largest asset inventory. in response to this need several

companies developed comprehensive inventory management modules and systems,

these new package include may new features designed to help distributors effectively

managed warehouse stock but after implementing this many distributors not feel that

they have gained controls of their inventory

PROBLEM STATEMENT

Issues related to inventory management of a particular department (to be

assigned by the company) and all the financial implications related to it. Especially

the cost related to it.

OBJECTIVES:

To learn departments in WEL.

To learn method of inventory management of a particular department in WEL.

Various costs involved in inventory management.

Effect of proper inventory management in pricing of the goods.

METHODOLOGY:

The methodology in the study of inventory management includes the collection of

primary and secondary data through the different methods of each.

Data will be collected from existing records of the company. Both present and

past records were used.

Secondary data is the information that already existing somewhere, which has

collected to serve another purpose. In this study, secondary data has been

collected from the following sources:

o Company Records and Reports.

o Newspapers/Magazines.

o Various Websites.

SCOPE

This study on inventory management of a particular department at Wipro

enterprise (P) ltd will give knowledge about method of inventory management and

how it affects the pricing of the goods .This research will also help in understanding

the retail business in better way.

Wipro Enterprises (P) Limited (Wipro Enterprises) comprises of two main

businesses namely Wipro Consumer Care and Lighting, primarily into Personal Care

products, Lighting solutions & Office furniture and Wipro Infrastructure Engineering

business, which provides Hydraulic Solutions for a wide range of applications

including Aerospace & Defence and complete end-to-end solutions in Water and

Wastewater treatment for industrial applications.