2.

PURCHASE DEPARTMENT
2.1 Introduction:

Your
This internship training report provides an overview of my experience
and learning in the field of purchase. The report outlines the objectives of the

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internship, the tasks performed, the skills acquired, and the overall outcomes of
the training.

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2.2 Objectives:
The main objectives of the internship were as follows:
 Gain practical knowledge and understanding of the purchase process.
 Learn about procurement strategies and supplier management.
 Familiarize myself with inventory management and control.
 Develop negotiation and vendor evaluation skills.
 Contribute to cost reduction and improving procurement efficiency.

2.3 Company Overview:

The internship was conducted at Shree Vari Enterprises, a leading
company in the industry. Shree Vari Enterprises specializes in the
manufacturing and distribution of Water Based Paints. The company has a well-
established procurement department and operates on domestic Scales.

2.4 Internship Activities:

During the internship, I was involved in various purchase-related activities,
including:
 Assisting in vendor identification and evaluation.
 Participating in supplier negotiations and contract management.
 Conducting market research to identify potential suppliers and cost-saving
opportunities.
 Assisting in purchase order creation and tracking.
 Learning about inventory management techniques and stock control.

Your
 Collaborating with cross-functional teams, such as production and finance, to
ensure timely and accurate procurement.


payment.
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Observing and understanding the procurement process, from requisition to

2.5 Skills Acquired:

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Throughout the internship, I acquired and enhanced several essential skills
related to purchase and procurement, including:
 Vendor management: I learned how to identify, evaluate, and manage suppliers
to ensure quality, reliability, and cost-effectiveness.
 Negotiation skills: I developed techniques to negotiate favorable terms, prices,
and contracts with vendors.
 Market research: I acquired skills in conducting market research to identify
potential suppliers, analyze market trends, and explore cost-saving
opportunities.
 Inventory management: I gained knowledge of inventory management
techniques, including stock control, order replenishment, and optimizing
inventory levels.
 Attention to detail: I learned the importance of accuracy and attention to detail
in purchase order creation, contract management, and payment processing.
 Analytical skills: Through data analysis, I developed skills in evaluating
supplier performance, tracking costs, and identifying areas for improvement.
2.6 Learning Outcomes:

Your
The internship provided valuable insights and practical experience in the field
of purchase. Some of the key learning outcomes include:



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Understanding the end-to-end purchase process, from requisition to payment.
Familiarity with vendor management and supplier evaluation techniques.


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Knowledge of negotiation strategies and contract management.
Awareness of inventory management principles and stock control methods.
 Ability to analyze market data and identify cost-saving opportunities.
 Collaboration and teamwork skills in a procurement environment.
 Proficiency in utilizing purchase management software and tools.

2.7 Conclusion:
The internship at Shree Vari Enterprises was an enriching opportunity
to gain practical knowledge and experience in the field of purchase. The
training provided insights into the procurement process, supplier management,
and cost optimization techniques. The experience helped me develop essential
skills and competencies required in the purchase industry. Overall, the
internship was a rewarding learning experience that contributed to my
professional growth in the field of purchase and procurement.