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Synopsis of Inventory Management (Vikas)

This document provides details about a project on inventory management of a department at Shoppers Stop Ltd. It includes an introduction to Shoppers Stop Ltd and defines inventory management. The problem statement discusses issues related to inventory management of a particular department and related financial implications. The objectives are to learn about the departments, inventory management methods, costs involved, and how inventory management affects pricing. The methodology describes collecting primary data from company records and secondary data from sources like reports, websites. The scope is to understand the inventory management method, its impact on pricing, and gain knowledge of the retail business.

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Vikas Tiwari
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7K views3 pages

Synopsis of Inventory Management (Vikas)

This document provides details about a project on inventory management of a department at Shoppers Stop Ltd. It includes an introduction to Shoppers Stop Ltd and defines inventory management. The problem statement discusses issues related to inventory management of a particular department and related financial implications. The objectives are to learn about the departments, inventory management methods, costs involved, and how inventory management affects pricing. The methodology describes collecting primary data from company records and secondary data from sources like reports, websites. The scope is to understand the inventory management method, its impact on pricing, and gain knowledge of the retail business.

Uploaded by

Vikas Tiwari
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOC, PDF, TXT or read online on Scribd
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Synopsis On

“Inventory Management of a Department


of Shoppers Stop Ltd”
(PROJECT AT INDIA INFOLINE LTD)

EXTERNAL GUIDE:- INTERNAL GUIDE:-


MR.JAYANDAR M Prof. K.V.RAMANATHAN
(UNIT HEAD, SHOPPERS STOP) (FACULTY IN FINANCE)

SUBMITTED BY:-
VIKAS TIWARI
DSBSPGDMA09057
INTRODUCTION:

Shoppers Stop is an Indian department stores promoted by the K Raheja Corp


Group (Chandru L Raheja Group), started in the year 1991 with its first store in
Andheri, Mumbai Shoppers Stop Ltd has been awarded "the Hall of Fame" and
won "the Emerging Market Retailer of the Year Award", by World Retail
Congress at Barcelona, on April 10, 2008. Shoppers Stop is listed on the BSE.
With the launch of the Navi Mumbai departmental store, Shoppers Stop has 34
stores in 15 cities in India.

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

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 SSL.


• To learn method of inventory management of a particular department in
SSL.
• 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 shoppers stop


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.

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