Scribd
Upload
123 views5 pages

Synopsis On Inventory Management of The Wipro Enterprise Limited"

This document is a synopsis submitted by Manjeshgowda A N for his post-graduate studies on inventory management at Wipro Enterprise Limited. It provides background on Wipro Enterprise Limited and its divisions. The synopsis will study inventory management practices for a particular department and the associated costs, with the goal of understanding how proper inventory management can affect product pricing. Primary and secondary research methods will be used, analyzing company records, reports, websites and publications. The scope is inventory management and its financial implications at Wipro Enterprise Limited.

Uploaded by

Ram Krishna Adhikari
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
123 views5 pages

Synopsis On Inventory Management of The Wipro Enterprise Limited"

This document is a synopsis submitted by Manjeshgowda A N for his post-graduate studies on inventory management at Wipro Enterprise Limited. It provides background on Wipro Enterprise Limited and its divisions. The synopsis will study inventory management practices for a particular department and the associated costs, with the goal of understanding how proper inventory management can affect product pricing. Primary and secondary research methods will be used, analyzing company records, reports, websites and publications. The scope is inventory management and its financial implications at Wipro Enterprise Limited.

Uploaded by

Ram Krishna Adhikari
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
You are on page 1/ 5

VISVESVARAYA TECHNOLOGICAL

UNIVERSITY
POST GRADUATE STUDIES, MYSURU

Synopsis On

Inventory Management of the


WIPRO ENTERPRISE LIMITED

SUBMITTED BY
MANJESHGOWDA A N
USN: 4VZ14MBA44
2nd YEAR MBA,
VTU PG STUDIES, MYSORE

INTERNAL GUIDE:
Mr SHIVA KUMAR
ASSISTANT PROFESSOR
VTU P.G STUDIES
Mysuru

EXTERNAL GUIDE:
Mr BHOOPAL KRISHNA URS
HR MANAGER
WIPRO ENTERPRISE (P) LTD
Mysuru

INTRODUCTION
Wipro Consumer Care and Lighting, a part of Wipro Enterprises, is among the
fastest growing FMCG businesses in India. Wipro Consumer Cares 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 ms


1) Money 2) Manpower 3) Machine 4) Market 5) Material
6) Management
material are pivotal importance not less than any other ms 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 1990s 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.

You might also like

pFad - Phonifier reborn

Pfad - The Proxy pFad of © 2024 Garber Painting. All rights reserved.

Note: This service is not intended for secure transactions such as banking, social media, email, or purchasing. Use at your own risk. We assume no liability whatsoever for broken pages.


Alternative Proxies:

Alternative Proxy

pFad Proxy

pFad v3 Proxy

pFad v4 Proxy