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Interim Report

On

A STUDY ON THE NEW INVENTERY MODEL


FOR A MAINTANENCE ORGANISATION

Submitted By

K.SAMINATHAN

8NBPO031

Submitted To

Ms.MALLESWARI

Faculty Guide

ASIM, Bangalore
CONTENT

CHAPTER-1

 Introduction

 Objectives of the study

 Description of the Study

 Limitations of the study

 Research Design

► CONVENTIONAL INVENTORY MODEL

 Source of data

CHAPTER-2
 Introduction Hospitality

 Industry profile

CHAPTER-3
 Company profile

CHAPTER-4
 Analysis and Interpretation

CHAPTER-5
 Review of literature

 Bibliography
Introduction:

In our daily life, we observe that a small retailer knows roughly the
demand of his customers in a month or week, and accordingly places orders
on the wholesaler to meet the demand of his customers. But this is not the
case with a manager of a big departmental store or a big retailer, because
the stocking in such cases depends upon various factors, such as demand,
Time required between order and actual receipts etc. So the real problem is
to have a compromise between overstocking and under stocking. The study
of such type of problems is part of the field of Material management or
“Inventory control”

In broad sense, inventory may be defined as the stock of goods,


commodities, maintenance spares or other economic resources that are
stored or reserved in order to ensure smooth and efficient running of
business affairs including maintenance of assets.

We will now focus on inventory of spare parts required for running a


preventing maintenance organization efficiently and effectively.

Objectives of the study

1. To know about the Inventory methods following in the maintenance

organization(With the special reference of the Hotel - ATRIA)

2. To apply the Conventional inventory model to calculate the inventory


in the hotel ATRIA

3. To calculate the Expected consumption(e), Utilization co efficient(u),

Consumption Ratio(r), Revised Annual procurement (RAP) Maintenance


co efficient(m) by using THE CONVENTIONAL INVENTORY MODEL
Description of the Study

In the following, We are going to develop a new inventory model for


preventive maintenance organizations (Hotel THE ATRIA) stocking things,
such as soaps, cloths, shaving kit, etc..

Limitations of the study

► It is not suitable for maintenance organizations, which required a


verity of spare parts for keeping the plant, Machinery and equipment
in good condition.
► In maintenance activities, certain parts require renewal either
periodically or urgently depending upon certain
situations/contingencies.
Research Design

CONVENTIONAL INVENTORY MODEL:

A well-known inventory model is the concept of Economic ordering


quantity. The concept is that management is confronted with a set of
opposing cost as the lot size (q) increases; the carrying charges (c1) will
increases while the ordering costs (c3) will decrease. On the other hand, as
the lot size (q) decreases; ordering costs (c3) will increase. The Economic
Order Quantity (EOQ), which is the optimal order quantity, is

Optimal q (EOQ) = [2C3R1/2]/C1

Where,

R is the uniform demand rate,

C1 is inventory carrying charge.

C3 is ordering cost
Sources Of Data

Only secondary data is being used.

Secondary data is collected through:

 Internet

 Books

 House keeping Dept of ATRIA

Chapter-II

Introduction Hospitality

Hospitality is meant for serving others. A life lived only for one-self is
no meaningful life. Nothing but care, concern, cooperation, and
consideration for others ’ well being, comfort, pleasure, and prosperity,
make the whole world inter-related and lively. There is a kind of satisfaction
in catering to the wishes and needs of others, which the people of the
hospitality sector can only feel and experience. Our hospitality organization
has a large number of solicitous professionals and personnel of various fields
of the hospitality sector, ready to help and serve the candidates by fulfilling
their recruitment requirements, in India and abroad.
s
Successful candidates can look forward to bright careers in the hospitality
sector as management trainees in hotels and allied industry, guest/customer
relation executives in hotel and other service sectors, kitchen
management/house keeping management trainees in hotels, cabin crew in
national and international airlines, catering officer or chef in cruise liners,
marketing/sales executives in hotels and as self-employed entrepreneurs,
and so on.

The service sector covers a wide range of industries that provide


services to individuals, businesses and governments. You've almost certainly
used many of the services they offer, although you may not be in the habit
of thinking of the establishments where you purchase them as being part of
a specific industry.

People who have jobs in the service sector may be selling real estate,
providing financial services, or working in a store or restaurant. Some work
in industries with close ties to goods production, providing services such as
transportation, wholesaling, retailing and insurance to manufacturers who
must move their products from the factory gate to markets where they can
be bought and sold.

Although these industries owe some of their business to the goods sector,
they're not completely dependent on it. For example, the railway system is
primarily used to move cargo, but it also transports people who are traveling
for pleasure. Truck companies carry freight, but may also move household
goods. And airlines ship a lot of cargo, but derive the bulk of their revenues
from passenger traffic.

Real estate, financial, legal, accounting, and other services are used by both
businesses and individuals. Garages fix cars for individuals, but also provide
maintenance services to taxi companies, ambulance and police services. And
the list goes on.

Industry profile

Over the last decade and half the mad rush to India for business
opportunities has intensified and elevated room rates and occupancy levels
in India. Even budget hotels are charging USD 250 per day. The successful
growth story of 'Hotel Industry in India' seconds only to China in Asia
Pacific.

'Hotels in India' have supply of 110,000 rooms. According to the


tourism ministry, 4.4 million tourists visited India last year and at current
trend, demand will soar to 10 million in 2010 – to accommodate 350 million
domestic travelers. 'Hotels in India' has a shortage of 150,000 rooms fueling
hotel room rates across India. With tremendous pull of opportunity, India is
a destination for hotel chains looking for growth. The World Travel and
Tourism Council, India, data says, India ranks 18th in business travel and
will be among the top 5 in this decade. Sources estimate, demand is going
to exceed supply by at least 100% over the next 2 years. Five-star hotels in
metro cities allot same room, more than once a day to different guests,
receiving almost 24-hour rates from both guests against 6-8 hours usage.
With demand-supply disparity, 'Hotel India' room rates are most likely to
rise 25% annually and occupancy to rise by 80%, over the next two years.
'Hotel Industry in India' is eroding its competitiveness as a cost effective
destination. However, the rating on the 'Indian Hotels' is bullish. 'India
Hotel Industry' is adding about 60,000 quality rooms, currently in different
stages of planning and development and should be ready by 2012. MNC
Hotel Industry giants are flocking India and forging Joint Ventures to earn
their share of pie in the race. Government has approved 300 hotel projects,
nearly half of which are in the luxury range. Sources said, the manpower
requirements of the hotel industry will increase from 7 million in 2002 to 15
million by 2010.

With the USD 23 billion software services sector pushing the Indian economy
skywards, more and more IT professionals are flocking to Indian metro
cities. 'Hotel Industry in India' is set to grow at 15% a year. This figure will
skyrocket in 2010, when Delhi hosts the Commonwealth Games. Already,
more than 50 international budget hotel chains are moving into India to
stake their turf. Therefore, with opportunities galore the future 'Scenario of
Indian Hotel Industry' looks rosy.

Hotels are amongst the most visible and important aspects of a


country's infrastructure. Hotel industry is a closely linked one to the tourism
industry. A number of factors like promotion of tourism and rapid industrial
progress have given a boost to hoteliering. The recent liberalization of trade
and opening up of economy will further lead to revolutionary growth in this
sector.

With increasing globalization, career opportunities in this field are not


only limited within the country but there are chains of hotels which operate
internationally providing scope of a career abroad. It is a glamorous
profession which has a bright future. With the growth of hotel
industry propelled by foreign and domestic tourism and business travel, the
demand for well trained quality personnel too has grown impressively.

The diversity of experience in hotel management is greater than in any other


profession. Hotel industry involves combination of various skills like
management, food and beverage service, housekeeping, front office
operation, sales and marketing, accounting. Today, the rise in corporate
activity (leading to greater number of business trips) as well as the wish to
travel on holiday has made the hotel industry a very competitive one.

Chapter III
Company profile

Hotel ATRIA, a business class hotel commenced operations in 1993. We are


members of FHRAI.

The hotel is strategically located in the heart of the city on Palace Road. It is
easily accessible to MG Road-the corporate hub of Bangalore which is just 5
Kms away. It is also accessible from the airport in 45 minutes and less than
10 minutes from the city Railway station.

Hotel ATRIA offers high standards of hospitality at par with any international
5 star hotels, at an affordable price.

Hotel Atria is known for its luxurious accommodation and comprehensive


banquet facility. The restaurants have gained a reputation through the years
and are very popular locally. The Hotel is also equipped with all other
facilities for a businessman and a holiday traveler.

A Sprawling split-level atrium lobby surrounded by 168 centrally air-


conditioned rooms, suites and theme suites and two scenic elevators to take
you up.

We have totally renovated 85 rooms named as lifestyle rooms, which have


contemporary design and interiors to meet present day business needs and
life style.
The Atria Hotel, a business class hotel offers high standards of hospitality at
par with any international 5 star hotels at an affordable price.

"The Dedicated team at Hotel Atria will strive to provide quality services to
the guests at value for money in a comfortable ambience, consistently, to
delight all guests every time."

The Atria Hotel Bangalore offers a total of 168 well appointed guest rooms.
Choose from the various types of rooms on offer. There are 28 standard king
leisure rooms, 48 standard twin bedded rooms, 36 lifestyle king leisure
rooms, 48 lifestyle twin bedded rooms and 8 suites. The comfortable and
spacious rooms are appointed with the following facilities

The following facilities:

• Central Air conditioner


• Well Stocked Mini Bar
• Mirrors
• Direct Dial Telephone
• Wireless Internet Service
• Coffee Maker
• Hair Drier
• Electronic Safe
• Complimentary newspapers
• Seasonal cut fruits on request

Dining in the Atria Hotel

The Atria Hotel is the ideal place if you want to taste some gastronomical
delights. A coffee shop called 1498AD offers buffet dining facilities.
Delectable Andhra and coastal delicacies are served here during dinner.

For elaborate and exotic Szechuan and Cantonese dishes try out the Silk
Winds. You can relish other oriental delicacies as well as this out of the world
restaurant. Tijori serves signature Indian dishes. Visit the well stocked Aqua
Bar to sip in to those refreshing drinks.

Business and Conference facilities at The Atria Hotel


There are six banquet halls to suit the purpose of the business guests. The
halls are spacious enough to hold up to 500 people at a time. The
conference rooms are properly equipped with all facilities.

Key people

Mr. P.K.Nair General Manager

Mr. Rajendrudu Financial Controller

Mr. Anantha Padmanabha Chief Engineer

Mrs. Jayashree Executive House Keeper

Mr. Kasi Viswanathan Executive Chef

Mr. Vivek Kumar Thakur F & B Manager

Mr. Vishal K S Front Office Manager

Bibliography:
1. S>D Sharma, “operations Research” –Published by Kedarnath
Ramnath & co.,
Meerut (1998-99) unit-4, chapter 2 (Deterministic Inventory Models)
2. Seminar on Inventory models by Sri N.V. Ramana Murthy.

Wed Sites

www.google.co.in
www.atriacom