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Vision

:

To Make Varuna A Global Brand By Providing Total Water Solutions; Through Path Breaking Research And Innovative Product Concept. & To Contribute Significantly Towards Society’s Effort to Forever Gain Relief from the Stress of Its Water Needs.

Mission :

To Provide High Quality Pump Sets That Combine Performance with Value Pricing Through Continuous Research & Development And Service Based On The Need Of Our Customers.

➢ In the next couple of decade. What is Inventory Management? Effective inventory management is all about knowing what is on hand. Mono blocks & Electrical Motors etc. this means understanding how long it takes for a supplier to process an order and execute a delivery. Power-Blowers. where it is in use. ➢ In 1935.10. The first aspect has to do with time. Mid East. Staff as the Foundation and Management Level as the Power. Inventory management also demands that a solid .000 Pumps & Motors annually which has been planned to double by 2012. ➢ As a result of huge response to its consistent quality & marketing cum service network Company is providing more than 1. Centrifugal Pumps. Technology as the Guarantee. or dwindling to levels that could put the operation of the company into jeopardy. In terms of materials acquired for inclusion in the total inventory. both from the perspective of the total value of the goods included and the tax burden generated by the cumulative value of the inventory. and how much finished product results. Latin America & some part of Europe. This process usually involves controlling the transfer in of units in order to prevent the inventory from becoming too high. Varuna become a household name specializing in products such as Hand-Blowers. Africa.About the Company : ➢ La-Gajjar Machineries Private Limited was established in 1981 having its Head Quarter at Ahmadabad. the Visionary late Shri Laljibhai Gajjar founded the La-Gajjar group with a distinction of being one of the oldest Pump manufacturers in the country. Balancing the various tasks of inventory management means paying attention to three key aspects of any inventory. ➢ LGM takes the Market as the guideline. ➢ LGM was set up by the Late Shree Gautama Gajjar in 1981 where in he developed Bore well as well as Open well Submersible Pump sets after rigorous years of trials & develop. ➢ They are ranked amongst the Top Five Submersible Brands in India. Inventory management is the process of efficiently overseeing the constant flow of units into and out of an existing inventory. ➢ It goes on saying that Varuna’s strength lies in its strong uncompromising service back up & consistent quality enabling Varuna to create its niche as one of the leading Brands in India in Asia. Competent inventory management also seeks to control the costs associated with the inventory.

Creating this cushion or buffer helps to minimize the chance for production to be interrupted due to a lack of essential parts in the operation supply inventory. Inventory management is not limited to documenting the delivery of raw materials and the movement of those materials into operational process. there is usually a sub-category contained in the finished goods inventory to account for any returned goods that are reclassified as refurbished or second grade quality. the company cannot accurately calculate the tax amounts. Calculating what is known as buffer stock is also key to effective inventory management. When the company has a return policy in place.understanding of how long it will take for those materials to transfer out of the inventory be established. available physical space for inventory. which is an on-going process as the business needs shift and react to the wider environment. provide replenishment techniques. shipping. and related costs are kept in check. In addition to maintaining control of the volume and movement of various inventories. Inventory management involves a retailer seeking to acquire and maintain a proper merchandise assortment while ordering. This would include the monitoring of . set targets. This could lead to underpaying the taxes due and possibly incurring stiff penalties in the event of an independent audit. physical inventory. The movement of those materials as they go through the various stages of the operation is also important. Essentially. asset management. future inventory price forecasting. buffer stock is additional units above and beyond the minimum number required to maintain production levels. report actual and projected inventory status and handles all functions related to the tracking and management of material. replenishment. inventory management has to do with keeping accurate records of finished goods that are ready for shipment. Knowing these two important lead times makes it possible to know when to place an order and how many units must be ordered to keep production running smoothly.Balancing these competing requirements leads to optimal inventory levels. This often means posting the production of newly completed goods to the inventory totals as well as subtracting the most recent shipments of finished goods to buyers. just in case an emergency situation arises or one of the units proves to be defective once installed. It also involves systems and processes that identify inventory requirements. For example. returns and defective goods and demand forecasting. Accurately maintaining figures on the finished goods inventory makes it possible to quickly convey information to sales personnel as to what is available and ready for shipment at any given time. The scope of inventory management concerns the fine lines between replenishment lead time. inventory forecasting. Typically known as a goods or work in progress inventory. Inventory Management Inventory management is primarily about specifying the shape and percentage of stocked goods. Without precise data regarding unit volumes within each phase of the overall operation. inventory visibility. Finally. It is required at different locations within a facility or within many locations of a supply network to proceed the regular and planned course of production and stock of materials. the manager may determine that it would be a good idea to keep one or two extra units of a given machine part on hand. handling. inventory valuation. carrying costs of inventory. inventory management also makes it possible to prepare accurate records that are used for accessing any taxes due on each inventory type. quality management. tracking materials as they are used to create finished goods also helps to identify the need to adjust ordering amounts before the raw materials inventory gets dangerously low or is inflated to an unfavorable level.

Inventory Management does not make decisions or manage operations. Traditional Supply Chain solutions such as Materials Requirement Planning . This Inventory is maintained to take care of fluctuations in demand and lead time. In some cases it is maintained to take care of increasing price tendency of commodities or rebate in bulk buying. As this is the blocked Working Capital of organization. Inventory Management system provides information to efficiently manage the flow of materials . ideally it should be zero.material moved into and out of stockroom locations and the reconciling of the inventory balances. they provide the information to managers who make more accurate and timely decisions to manage their operations. The many changes in the market demand . Inventory level and workload to meet customers service goal for each items in the link of Inventory Chain . Optimization means providing a balance of supply to meet the demand at a minimum total cost . with the primary objective of determining/controlling stock levels within the physical distribution function to balance the need for product availability against the need for minimizing stock holding and handling costs. lot tracking. INVENTORY is defined as the blocked Working Capital of an organization in the form of materials . coordinate internal activities and communicate with customers . Inventory Control . It is strategic in the sense that top management sets goals . typically focuses on implementing more rapid and efficient systems to reduce the cost of communicating information between and across the Inventory links in the SCM. These include deployment strategies .COM focuses in optimizing the total investment of materials cost and workload for every Inventory item throughout the chain from procurement of raw materials to finished goods Inventory . Also may include ABC analysis. Management of the inventories. But we are maintaining Inventory . effectively utilize people and equipment . global sourcing of materials and new manufacturing technology means many companies need to change their Inventory Management approach and change the process for Inventory Control .to ensure that there is continuity between functions : • Company’s Strategic Goals • Sales Forecasting • Sales & Operations Planning • Production & Materials Requirement Planning. Inventory Management must be designed to meet the dictates of market place and support the company’s Strategic Plan . new opportunities due to worldwide marketing . Purpose of Inventory Management INVENTORY MANAGEMENT must tie together the following objectives . cycle counting support etc.

Inventory Management and the activities of Inventory Control do not make decisions or manage operations. Even though there maybe a lot of surplus inventory and dead stock in their warehouse(s). Some of the new approaches and techniques are wrapped in new terminology. they provide the information to Managers who make more accurate and timely decisions to manage their operations. But many distributors aren’t satisfied with the contribution inventory makes towards the overall success of their business: • The wrong quantities of the wrong items are often found on warehouse shelves. Inventory is usually a distributor’s largest asset. Each of the areas above will need to be addressed in some form or another to have a successful program of Inventory Management and Inventory Control. We are entering into Vendor Managed Inventory . The material a distributor has committed to stock isn’t available when customers request it. effectively utilize people and equipment. since they are primary determinants of customer service levels. Annual Rate Contracts with manufacturers or their authorized dealers . Keeping in view all concerns . Inventory balance information in the distributor’s expensive computer system does not accurately reflect what is available for sale in the warehouse. The emphases on each area will vary depending on the company and how it operates. the basic principles of Inventory Management and Inventory Control remain the same. the determination of the optimal levels of order quantities and reorder points and setting safety stock levels . . and what requirements are placed on it due to market demands. considering its substantial investment in inventory. is far less than what could be earned if the money were invested elsewhere. The Inventory Management system and the Inventory Control Process provides information to efficiently manage the flow of materials. coordinate internal activities. control policies . and communicate with customers. These levels are critical . but the underlying principles for accomplishing good Inventory Management and Inventory activities have not changed.( Push versus Pull ) . Despite the many changes that companies go through. backorders and customer lost sales are common. who maintain Inventory on our behalf and supply the items as and when required. • The return on investment is not satisfactory. The company’s profits. • Computer inventory records are not accurate. the latest concept of Vendor Managed Inventory is used to optimize the Inventory .