Synopsis On Inventory Management of a Department of Shoppers Stop Ltd

(PROJECT AT INDIA INFOLINE LTD)

EXTERNAL GUIDE:MR.JAYANDAR M (UNIT HEAD, SHOPPERS STOP)

INTERNAL GUIDE:Prof. K.V.RAMANATHAN (FACULTY IN FINANCE)

SUBMITTED BY:VIKAS TIWARI DSBSPGDMA09057

INTRODUCTION:
Shoppers Stop is an Indian department stores promoted by the K Raheja Corp Group (Chandru L Raheja Group), started in the year 1991 with its first store in Andheri, Mumbai Shoppers Stop Ltd has been awarded "the Hall of Fame" and won "the Emerging Market Retailer of the Year Award", by World Retail Congress at Barcelona, on April 10, 2008. Shoppers Stop is listed on the BSE. With the launch of the Navi Mumbai departmental store, Shoppers Stop has 34 stores in 15 cities in India.

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

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

 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 shoppers stop 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.