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Presentation On Summer Internship in Kirloskar Brothers Limited

The document provides an overview of Kirloskar Brothers Limited (KBL), a leading pump manufacturing company, and discusses inventory management and material layout processes. KBL designs and manufactures industrial, agriculture, and domestic pumps. The presentation covers KBL's philosophy, vision, and goals regarding optimizing business processes through inventory management. Specifically, it defines different types of inventory like raw materials, work in process, and finished goods. It also classifies inventory as raw materials, work in process goods, or finished goods and further as bomb stock or cost center stock.

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Ayush Chopra
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445 views9 pages

Presentation On Summer Internship in Kirloskar Brothers Limited

The document provides an overview of Kirloskar Brothers Limited (KBL), a leading pump manufacturing company, and discusses inventory management and material layout processes. KBL designs and manufactures industrial, agriculture, and domestic pumps. The presentation covers KBL's philosophy, vision, and goals regarding optimizing business processes through inventory management. Specifically, it defines different types of inventory like raw materials, work in process, and finished goods. It also classifies inventory as raw materials, work in process goods, or finished goods and further as bomb stock or cost center stock.

Uploaded by

Ayush Chopra
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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PRESENTATION ON SUMMER

INTERNSHIP IN KIRLOSKAR BROTHERS


LIMITED
TOPIC
INVENTORY MANAGEMENT AND MATERIAL
LAYOUT PROCESS
ORGANIZATION OVERVIEW
Kirloskar Brothers Limited (KBL) is a world class pump manufacturing
company with expertise in engineering and manufacture of systems for
fluid MANAGEMENT.
Established in 1888 and incorporated in 1920, chairman & M.D of this
company is Mr. Sanjay Kirloskar. KBL is the flagship company of the $ 2.1
billion Kirloskar Group.
They engineer and manufacture industrial, agriculture & domestic pumps,
valves and hydro turbines.
KBL is the only pump manufacturing company in India and ninth in the
world to be accredited with the N and NPT certification by American
Society of Mechanical Engineers (ASME).
KIRLOSKAR CO-OPERATE OVERVIEW
What they do: Kirloskar design and manufacturing pumps, valves and hydro
turbines. Kirloskar work with customers and assist them in optimum
selection of pumping solution.
How they do it: KBL's expertise of designing and manufacturing custom
designed pumps developed over many years and sale to the dealers and
export.
Philosophy: Kirloskar relentlessly pursued a unique ethic in business that
always strives for customer delight that's the Kirloskar way of enriching lives.
And promoting GREEN initiatives and pursues programs.
Vision: we shall be known globally as a reliable, innovative and cost effective
solution provider in hydromantic, machines and system.
Mission: we shall be amongst the first five pump companies in the world by
in the year 2015 by becoming the preferred choice of customers as well as
employees.
Principle: Developing and working with mutual trust. Building and nurturing
team work. Quality in everything. Commitment towards environment.
Goal: The goal is to help improve the ways in which they do business by
continuously improving their business processes through 5S and Lean
principles and by the innovation use of technology. As a service provider it
strives to be a seamless extension the clients operations.
INVENTORY MANAGEMENT
Inventory is a list for goods and materials, or those goods and material
themselves, held available in stock by a business.
The subsidiary ledger which is usually used to record the details of
individual items of stock. Inventories can also be used to hold the details of
other assets of a business.
There are three types of inventory: Raw materials, work in process and
finished goods. Raw materials are materials and components that are
inputs in making final products.
CLASSIFICATION OF INVENTORY
classified according to uses and point of entry in the alteration:
Raw material

Work in process goods

Finished goods

Classified according to stock as follow:


Bomb stock Cost

center stock
Raw Materials: - Raw materials are those units that are converted in to
finished production through manufacturing process. Raw material
inventories are those units which have been purchased and stored for
future. Under head of raw materials Kirloskar are maintained WEAR RING,
STUD, PUMP SHAFT, and PUMP CASING. Etc.
Work in Process goods: - It is also called stock in process. It refers to goods
in the intermediate stage of production. These inventories are semi-finished
products. It presents the products that need more work before they become
finished product for sale.
Finished goods: - Finished goods consist of final products that are ready for
sale. Finished goods are those completely manufacturing products which
are ready for sale. Stock of material and work in process facilitate
production, while stock of finished goods is required for smooth marketing
operation. Thus inventories serves as a link between production and
consumption of goods.
Bomb stock: - The stock which is used in fixed quantity in an assembly.
Cost center stock: - The stock which is used with no limit in an assembly.

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