CHAPTER 1

INTRODUCTION

Internship training will provide an industrial exposure to the student as well as to

develop their career in the high tech industrial requirements. Internship training initially get
counseled in order to emerge out their interest in various departments and what are all the basic
concepts on the domain.

The internship training is totally different from the class environment internship
training is the strategy undertake by students who have interested in gaining the practical
knowledge. Internship training is an opportunity to understand the organizational structure, the
major department, flow of information and various functions in an organization. Internship
training are individualized and tailored to the needs and interests of each student in the program.
As part of the internship training experience, students are expected to take and active role in
finding an appropriate internship for themselves. This can be a significant benefit to the
employer as experience interns often need little or no training when they begin regular
employment.

Internship is an essential part of education for student’s development. It gives an real

time project experience to student who are otherwise confirmed to the mostly theoretical
education in college. Through Internship the students can relate the academic knowledge to the
real world application situations. Quite often in technology education. It helps to observation
of corporate functioning and industrial profile, history of the organization performance,
solutions which are to be solved in the minimum duration of time. Internship helps a student to
learn new skills and to gain more knowledge on the subject.

1
1.1 ABOUT THE COMPANY

Shree Mahalakshmi Metal Industries is a leading business in industry

established in the year 1986. We are engaged in presenting high quality products for
general industrial and commercial applications. Based at Coimbatore, Tamil Nadu
(India), our company is operating all its business activities as a Partnership based firm.
We offer products such as Pump Spare Parts, Stainless Steel Strainer, Domestic
Pump and many others to our customers in the market. We execute dispatch activity
after inspecting our entire product range on different quality parameters. We have made
it convenient for our clients to make payment, as we have introduced a flexible gateway
to receive payment such as via cash, cheque and demand draft. Our offered products
are manufactured by our professionals utilizing supreme grade quality components.

All business affairs of our company are being efficiently looked after by
K.Dinesh Kumar and V.Geethambikai, who are the partners of the company. They
provides necessary guidance at every stage so as to keep everything go in a straight
way. He regularly provides training and guidance to our employees which help them
understand the scope of work effectively. Also he regularly conducts conferences and
seminars for our team in order to keep them abreast of latest trends and developments
of market.

2
 Here, a team of talented personnel has been recruited to perform through a
number of business activities. With the consistent behavior and hard work of our
workers, we have carved a strong niche in the market for ourselves. We endeavor to
satisfy our clients by offering them high quality products. We value the specific needs
of all our existing clients and seek to similarly satisfy the requirements of all our
potential customers. In addition, we ensure timely delivery of all products within a
short span of time in order to attain maximum client’s satisfaction. Moreover, we
utilize quality packaging products to ensure safe delivery till the clients’ destination.

1.2 COMPANY PROFILE

Shree Mahalakshmi Metal Industries

Name of the Company :
(ISO 9001:2015)

Date of Establishment : 01.04.1986

No of Employees : 110

GSTIN : 33ADQFS8698P1ZO (04.06.2018)

ESI Code : 56001100000000606

PF Code : CBCBE1769779000

FACTORY ACT NO : CBE21154. CBE21155

Name of the PARTNERS : K.Dinesh Kumar, V.Geethambikai

Contact Persons Name : Sivakumar

Email ID : [email protected]

AXIS BANK
R.S PURAM BRANCH, CBE
Our Bank :
Ac No- 919030017106003
IFS Code: UTIB0000563

Website : http://smmi.co.in/

3
1.3 MOTO OF THE COMPANY

With our Motto ‘Quality', and ‘Reliable’, we endeavor all kinds of Manufacturing like
S.S Strainer for Jet Pumps, S.S Strainer for Submersible Pumps ,S.S Cable Guards & Locking
Strips ,S.S Bowl Rings ,S.S Sand Guards ,MS Locking Strips ,MS Base Plates for PUMP
industries for past 37 years, our team have successfully executed with quality assurance as per
customers requirement.

1.4 VISION AND MISSION

The company is driven by its founders' vision of "Service to Mankind" and their
mission, which is to provide "A fresh approach to pump spares design," serving as their
constant source of motivation for ongoing growth, development, and enhancement.

1.5 ASSET HOLDINGS SMMI

4
5
1.6 MACHINERY Nos

 Spot Welding Machine - 4 No

 Drilling machine - 2 No
 Buffing Machine - 2 No
 Surface Grinding Machine - 2 No
 Automatic CNC Drilling Machine - 1No
 Automatic Cable Guard Cutting & Forming Machine - 3No
 Automatic Locking Strip Cutting & Straightening Machine - 3No
 Automatic Buffing Machine - 1No
 Tig Welding Machine - 2 No
 Mig Welding Machine - 2 No
 Generator 40 KVA - 1 No
 Generator 20 KVA - 1 No

6
1.7 SERVICE PROVIDED

1.8 VENDORS

 M/s. Texmo Industries (Taro)

 M/s. CRI Pumps Pvt Ltd
 M/s. Enbest Pumps India (P) Ltd
 M/s. Asia Engineering
 M/s. Om Murugan Industries
 M/s. Ellen Industries Pvt Limited
 M/s. Arjuna Pumps
 M/s. Mahendra Pumps Pvt Ltd
 M/s. Arunachala Industries

7
1.9 SPARES MANUFACTURED

Cable
Cords

Stainer

Tie Bar

Base
Plates

Sand
Guards

1.10 ORGANIZATION CHART

8
 CHAPTER 2
DEPARTMENTS

HUMAN
RESOURCE
QUALITY DEPARTMENT
CONTROL FINANCE
DEPARTMENT DEPARTMENT

PRODUCTION SALES
DEPARTMENT DEPARTMENT

PURCHASE STORES
DEPARTMENT SMMI DEPARTMENT

2.1 PURCHASE DEPARTMENT

The purchase department is under the charge of purchase manager and it is concerned
with all the purchase. The purchase department develops and maintains relationship with
subcontractor and suppliers. This includes evaluating subcontractor qualifications and financial
capabilities. The purchase department generally prepares, negotiates and awards all the sub
contracts and purchase orders.

Purchasing is the function which is responsible for getting the right material to the right
place at the time at the right price. This includes the selection of vendors deciding the price and
negotiation for quantity and delivery.

Purchase department is vertically focused on functional activity of buying raw

materials, goods and services. It includes supplier identification and selection from where you
will be buying the goods, negotiating and contracting, supplier measurement and improvement
in purchasing system and development.

9
2.1.1 PURCHASE REQUSITION

 Complete specification of the material required

 Quantity of the material to be purchased
 Data by which material to be based
 Placed at which material is required
 Budget provision

2.1.2 PROCUREMENT PLANNING

 Collaborating with other departments, especially Production and Inventory, to

understand the quantity and types of raw materials required.
 Analyzing historical usage patterns, market trends, and production schedules to
determine the procurement needs.

2.1.3 RECORD KEEPING

 Record of open orders concerning the status of outstanding order

 Purchase long provides an outgoing recond
 Commodity record (materials suppliers' record) about supplier details.

2.1.4 The Role of the Purchasing Department:

Also known as a procurement department or a purchase department, the purchasing

department support company operations as the primary buyer of goods and services in private
sector companies, government agencies, educational institutions, or any other type of
organization.

The procurement department serves its internal customers by procuring the goods and
services they need in a timely manner while also maintaining the company's financial health.
They seek and purchase products and services at the best possible price and value. They
established procurement policies and procedures to ensure their organization operates with
integrity and the marketplace.

10
 As such, the purchasing department must understand the complexities of the operation
it supports as well as the markets that provide the goods or services required to meet its
objectives. The duties and responsibilities of a purchasing officer far extend beyond procuring
office furniture and supplies. Today's procurement staff must also understand complex
Network technology equipment, international travel needs, acquisition of workspaces, and
more.

The role of the purchasing department plays within a company depends on the size of
the organization. Outsourcing and technological advances have affected the job outlook for the
purchasing profession negatively, which is a trend we can expect to continue. Specific
functions include:

 Identifying requirements for goods, materials and services

 Identifying reliable suppliers Price negotiations
 Comparison of delivery terms Establishing order quantities
 Writing requests for bids and awarding supply contracts
 Coordinating delivery with the warehouse against storage capacities
 Product testing and quality control
 Managing budgets and payments

11
2.2 PRODUCTION DEPARTMENT

Production is the organized activity of transforming resources into finished products in

theform of goods and services; the objectives of production is to satisfy the demand for such
transformed resources. Production is the process of making or manufacturing goods and
products from raw materials or components. In other words, production takes inputs and uses
them to create an output which is fit for consumption – a good or product which has value to
an end – user or customer.

2.2.1 FACTORS OF PRODUCTION:

 Factors of production is an economic term that describes the inputs used in the
production of goods to make an economic profit.
 These include any resource needed for the creation of a good.
 The factors of production are Land, Labor, Capital and Entrepreneurship.
 The state of technological progress can influence the total factors of production and
account for any efficiencies not related to the four typical factors.

2.2.2 PLANT AND MACHINERY:

In the Production Department, Plant and machinery is an asset that is used by a business
for the purpose of carrying on the business and is not stock in trade, the business premises or
part of the business premises. The difference between plant and machinery is that generally
machinery will have moving working parts, and plant will not, machinery which is very helpful
in production of various small parts. The working parts of a machine are also considered to be
machinery.

Manufacturing pump spare parts, such as stainless steel strainers and cable guards for
submersible motors and pumps, is a multifaceted process essential for the reliable operation of
submersible pumps in various industries like agriculture, wastewater management, and
industrial applications.

12
 The production involves a wide array of machinery and processes. Computer
Numerical Control (CNC) machining centers, including CNC mills and lathes, form the
backbone of production. These machines meticulously shape and cut stainless steel
components with high precision, performing operations like drilling, milling, turning, and
threading.

Welding machines, such as TIG and MIG welders, are employed to join stainless steel
parts, creating integral assemblies. Press brakes bend and shape stainless steel sheets or plates
to meet design specifications. For precise cutting needs, waterjet and laser cutting machines
are used. Waterjets employ high-pressure water jets with abrasives for intricate cuts, while
lasers provide precise cutting for thinner materials. Surface grinding machines achieve smooth
finishes, electro polishing enhances corrosion resistance, and casting equipment is used for cast
parts like impellers and housings. Quality control measures ensure parts meet stringent
standards.

Assembly stations, equipped with specialized fixtures and tools, facilitate complex
component assembly. Material handling equipment, including cranes and forklifts, moves
heavy parts, and polishing and finishing machines refine parts' appearance and performance.
Cleaning and packaging machinery maintains part cleanliness and protects them during storage
and shipping, resulting in high-quality pump spare parts that enhance submersible pump
efficiency and durability across diverse industries.

13
2.3 QUALITY CONTROL DEPARTMENT

The Quality Control Department in a pump spare manufacturing company is

instrumental in upholding the company's reputation and ensuring that the products meet
stringent quality standards. This department operates as the guardian of quality throughout the
entire production process. One of its primary functions is meticulous inspection and testing.
This begins with the scrutiny of incoming raw materials, ensuring that only high-quality
materials are used in production. Throughout manufacturing, in-process inspections are
conducted to catch any deviations from the required specifications early on. Finally, before
products leave the facility, a comprehensive final inspection guarantees that each pump spare
part meets the exacting standards set by the industry, customers, and relevant regulations.

Documenting these processes is equally vital. The Quality Control Department

maintains meticulous records of all inspections, tests, and deviations. This documentation
provides a traceable history of each product, facilitating quick identification of issues and
enabling effective corrective and preventive actions when necessary. To continuously enhance
product quality, the department collaborates with the production team. By identifying
opportunities for process improvement and efficiency gains, they contribute to reducing defects
and optimizing manufacturing processes.

Additionally, they manage supplier relationships by conducting audits and evaluations

to ensure that raw materials and components meet the same high-quality standards as the end
products. This helps maintain consistency and reliability in the manufacturing process.
Customer feedback is another valuable resource. The Quality Control Department gathers and
analyzes feedback and complaints related to product quality, allowing the company to address
customer concerns promptly and implement improvements.

14
2.3.1 QC INSPECTIONS

 Compliance and Documentation:

This inspection category involves a thorough review of the quality documentation

within the QC department, including quality control plans, procedures, and records. The aim is
to ensure that these documents are comprehensive, up-to-date, and aligned with industry
standards and regulatory requirements. It also includes checking that personnel qualifications
and training records are maintained and that staff members are adequately trained and qualified
for their roles.

 Facility and Equipment:

In this section, the focus is on physically inspecting the facilities and equipment used
by the QC department. This includes evaluating the condition, maintenance, and calibration of
inspection and testing equipment and tools. Additionally, it involves checking that the
department's physical facilities are suitable for conducting inspection and testing activities and
ensuring compliance with health and safety regulations.

 Process and Performance:

This part of the inspection assesses the effectiveness of QC procedures and processes.
It includes a review of how inspections are conducted, documented, and reported. Furthermore,
it examines how the QC department handles non-conforming products, documenting
deviations, and initiating corrective actions. An emphasis is placed on continuous
improvement, examining whether the QC department actively engages in initiatives such as
root cause analysis to enhance performance and product quality.

15
2.3.2 STEPS INVOLVED IN QC

 Establish Quality Standards and Specifications:

Define clear and specific quality standards and specifications based on industry
requirements, customer expectations, and internal quality objectives. These standards serve as
benchmarks for quality control.

 Inspection and Testing Throughout Production:

Implement a systematic approach to inspect and test materials, components, and

products at various stages of production. This includes incoming material inspections, in-
process inspections, and final product inspections to identify and address quality issues at each
step.

 Data Collection and Analysis for Continuous Improvement:

Collect and analyze data from inspections and tests to monitor quality trends
and identify areas for improvement. Use statistical methods and tools, such as Six Sigma or
Statistical Process Control (SPC), to make data-driven decisions.

 Non-Conformance Management and Corrective Actions:

Establish a process for documenting and addressing non-conforming products or

processes. Implement corrective actions to address root causes, whether through rework,
process adjustments, or other means, to prevent recurrence.

 Continuous Improvement and Compliance:

Foster a culture of continuous improvement by optimizing processes, providing

ongoing training, and collaborating with suppliers to enhance quality. Ensure compliance with
industry standards, certifications, and regulatory requirements, including external audits when
necessary.

16
2.4 HUMAN RESOURCE DEPARTMENT

A human resource department is the division of a company that is responsible for

effectively managing a company's human resources, which are its employees.

A company's human resource department is tasked with the training and development
of its workers, who are considered some of the company's most important resources. Also
known as human resources (HR), the human resource department's mission is to make sure the
company's employees are adequately managed, appropriately compensated, and effectively
trained. The department is also responsible for recruiting, hiring, firing, and administering
benefits.

2.4.1 FUNCTIONS OF HUMAN RESOURCE DEPARTMENT:

 Human Resource Planning

 Recruitment and Selection
 Performance Management
 Learning and Development
 Career Planning
 Function evaluation
 Rewards
 Industrial relations
 Employee participation and communication
 Health and safety
 Personal wellbeing
 Administrative responsibilities

17
2.4.2 EMPLOYEE PAYROLL:

Payroll is the total of all compensation a business must pay to its employees for a set period
of time or on a given date. It is usually managed by the accounting or human resources
department of a business; small-business payrolls may be handled directly by the owner or an
associate. Increasingly, payroll is outsourced to specialized firms that handle pay check
processing, employee benefits and insurance, and accounting tasks such as tax withholding.

 Payroll can also refer to the list of employees of a business and the amount of
compensation due to each of them. It is a major expense for most businesses and is
almost always deductible, meaning the expense can be deducted from gross income
lowering the taxable income of the company.
 Payroll can differ from one pay period to another because of overtime, sick pay, and
other variables.

The Net Pay is calculated using the formula:

 Gross Pay – (Deductions + Total TDS). Total TDS is the sum of TDS, Surcharge, and
Health & Education Cess.

Moreover, there are certain rules to calculate the payroll taxes:

 (Basic + Allowances – Deductions (ESI)) * 12 – (IT Declarations)

 Only ESI is considered as a deduction. ESI or Employee State Insurance is calculated
on 0.75% of – Gross Pay (Basic and LOP dependent allowances) or 21,000, whichever
is lower.

In this company they are following the proper payroll management for their employees

Including PF and ESI benefits.

18
 Employee relations refer to the relationship shared among the employees in an
organization. The employees must be comfortable with each other for a healthy environment
at work. It is the prime duty of the superiors and team leaders to discourage conflicts in the
team and encourage a healthy relationship among employees. Here in this company employee
relations are maintained in a good manner by conducting regular meetings with the
organization and employees.

Employee engagement relates to the level of an employee's commitment and

connection to an organization. Employee engagement has emerged as a critical driver of
business success in today's competitive marketplace. High levels of engagement promote
retention of talent, foster customer loyalty and improve organizational performance and
stakeholder value. They maintain a good employee engagement activity in their organization
by giving promotions, rewards etc.

WELFARE ACTIVITIES:

The HR department also arranges the welfare activities for the company’s employees.
The various welfare activities held by the HR department are

 Canteen ( Subsidized amount )

 Uniform and safety shoes for the workers
 Tour ( Yearly once )
 First Aid Training
 Fire Fighting Training
 Communication skills training
 Safety Measures
 Industry shoes
 Fire Extinguishers
 First aid Kit

19
EMPLOYEE’S PERFORMANCE APPRAISAL:

The head of the concerned department will refer to the HR team about the performance
of the employee. There is an appraisal form with which each and every employee of the
company is marked. It will be given to the head of the department and the head will fill the
form by considering the performance of the employee.

MANPOWER PLANNING:

HR department handles the most valuable yet vulnerable resource of the company i.e.
the employees. It is concerned totally with maintaining the harmony within employees, friction
free employees and employer relation, keep the morale high, reduce all causes of employee
fatigue or failure, take care of accidents and safety, keep a striking balance between satisfying
the employee Land profit sharing etc.

RECRUITMENT AND SELECTION:

For workers

 Application
 Paper advertisement
 Campus Interview
 Manpower agencies
 Walk in interview in various towns

For staff members and executives

Manpower requisition form is given from department head to HR. The following details are
given in the manpower requisition form

 Post
 Expected qualifications
 Field of work
 Languages known
 Special skills
 Salary expected

20
 Department head must justify the requirement of man power, whether it is for replacement (or)
Creation of new post. Then the recruitment can be done through

 Campus interview
 Paper advertisement
 Manpower agency
 Online advertisement

Then the interview process can be done as follows

Appionment
Order
After
Negotiation
Call Letter Joining
HR Process will
Interview be Done
Technical
Face Off
Written Test
Call for
Interview

After joining in company, the person have detailed session on under which person he
will work and roles and responsibilities of the post. Then the person must attend induction
training programme for 1 week. In that meeting the person must meet overall responsible
persons in each and every department of the company. Then he must submit induction training
report based on his observation.

21
2.5 FINANCE DEPARTMENT

Financial management is the part of the management which is concerned with the
planning. Directing and controlling of all activities relating to procurement and utilization of
the financial resources of an enterprise for business process

Finance is a much more important of every business firm to run production and
marketing activities. So finance is life blood of the company. In the company finance
department to organize financial activities are been controlled by the direct control of the board
of directors. The department head is financial manager.

The financial policy matters will be dedicated by the finance committee while routine
activities are delegated to lower levels. The finance manager raise capital from capital market
(i.e. shares, debentures, loan from banks, financial institution and public). The manger already
known as the capital market completing firms function and how security prices are determined
in the market.

Running a company in a lean and financially healthy, also finding ways to save money
while increasing profit margins is the key to the success of a construction company.

Therefore, good financial management is needed so that construction companies have

a long future with positive financial flows. To be able to make it happen you can follow the
steps below:

1. Make a Payment Schedule:

By managing payments from clients and ensuring an agreement occurs, so you have
certainty of payment will certainly make finance run in the right flow. Having good sales
records and regular billing makes it easier for you to manage finances and monitor the revenue
you receive each month

22
2. Pay in Advance:

Avoid using company finds for each project that is rin. Try the billing contract
agreement at the outset, so that more financial risk is bome by the client, not the contractor.
This kind of agreement takes you away from bad financial risks. The payments you receive in
advance can be used to do more structured and efficient work planning.

3. Manage Materials Effectively:

Ensuring that materials are properly managed and regulating their use effectively and
efficiently will reduce the excessive costs that must be incurred by the contractor. Managing
these materials will be easier by using one software that is able to monitor the availability and
use of materials in various projects.

4. Good Contract Management System:

Utilizing a software that can help you in managing the project contract, monitoring the
budget, and managing the costs to be incurred, can increase revenue. By using software that is
integrated in each work unit, in addition to saving energy it will also save costs by reducing
unnecessary operational costs.

5. Timely Delivery of Materials:

Material is something that is very much needed for the work of each project that runs.
By ensuring that every basic ingredient comes in a timely manner, it will make it easier for the
contractor to carry out the project underway So as to create an efficient and fast work process
so as to reduce the possibility of spending excessive costs because of the length of time spent
on each project.

23
6. Oversee Workers' Activities:

Monitoring the activities of workers so that the project can be completed properly and
efficiently is not an easy job. How much work time is needed by workers to complete a project,
or how many workers are needed to work on one part of the project is certainly a very useful
observation as an evaluation material for the company. By knowing the data about the activities
of these workers, managers can do good budgeting in each project that will run in the future.

7. Possibility of Using Loans:

Having a loan with a bank without good planning and a good payment solution in the
event of late payments will make it difficult for your company. For that, do the six things above
before deciding to borrow funds from the bank. So that you are not in debt right after your
project is finished.

2.5.1 STRATEGY

The company follows the long-term & short term strategy for all departments. It is the
process of establishing long term quality goals& defining the approach to meet these goals.
Shree Mahalakshmi Metal Industries (SMMI) is centered on quality based on the participation
of all its members& aiming at long term successes through customer satisfaction& benefits to
the members of organization & society. The future plan for Shree Mahalakshmi Metal
Industries (SMMI) in to expand the exciting business.

2.5.2 FUNCTION

 Maintenance of payroll records

 Maintenance of sales and purchase books.
 Maintenance of cash and bank records.
 Updating the general and subsidiary ledgers.
 Preparing the management information report.
 Passing bills.
 Invoice/ costing.
 Taxations

24
The flow of the accounting information about the operation of the business is essential as the
flow of raw material to manufacturing plant on goods to a retail business so that many have for
preparing accounts. Its accounts are fully computerized maintaining the secret code. The
directors alone know the entire password though the computerized accounts and the company
maintain the following.

BOOKS:

 Bank books
 Cash books
 Purchase register
 Sales register
 Journal register
 Debit note and credit note register
 Party ledger

25
2.6 SALES DEPARTMENT

Working in the B2B sales department of a pump spares manufacturing company is both
demanding and lucrative. Your principal task in this post is to organize transactions between
your company and other businesses or organizations that require pump spare parts.

To be successful in this industry, you must have a thorough awareness of the industries
that rely on your products, such as manufacturing, agriculture, energy, and construction. Each
industry has its own set of requirements, regulations, and procurement processes, therefore
adapting your sales technique to fit these needs is critical. Building strong, long-term client
connections is critical in B2B sales. Clients place a high value on trust and credibility because
they make considerable investments in these critical components and rely on you for continued
assistance. These partnerships require effective communication, problem-solving abilities, and
a customer-centric attitude.

Technical knowledge is a valuable commodity to have in your arsenal. You must be

knowledgeable about the technical specs and performance of your pump spare parts. This
knowledge enables you to effectively connect with engineers and other decision-makers within
client organizations, answering their questions and giving personalized solutions.
Customization is frequently important in B2B sales in the industrial sector. Customized
solutions may be required by clients to address specific operating difficulties. It is critical to
work closely with your manufacturing and technical teams to deliver these customized items.

Finally, a solid understanding of the sales cycle, excellent negotiation skills, and the
ability to collaborate with various departments within your organization are all essential for
success in this profession. You can efficiently link businesses with the crucial pump spare parts
they require to maintain and improve their industrial operations if you excel in these areas.

26
2.7 STORES DEPARTMENT

The stores department will be responsible for stocking all the necessary tools, spares,
raw materials and equipment required to service the manufacturing process. There is a store
keeper in the stores, after receiving a delivery note he will issue the materials for production.
He maintains a stores ledger.

2.7.1 STORES ISSUE

The production, service and machine shop makes a request entry in the system to
procure the materials required from stores. The physical stock available in the stores at the time
of requisition is made known to the requestor so as to decide the quantity requested. On
generation of the request a person physically moves to the stores to collect the requests made.

The stores personnel views the request in his system and issues the material and data
punches the quantity issued as a mark of issued. The stocks are immediately reduced from the
stores by the quantity issued. In the event of Non availability or shortage of materials, the stores
personnel indicate the same to the purchase department for procurement.

The stores personnel are aided with the above reports so as to verify himself the
correctness of the physical stock at his disposal. The purchase manager also views the reports
at any given time and plans for regular procurements of those materials which have come down
the re-order level.

The above said operations are classified as,

 MATERIAL REQUISITION
 STORES ISSUE
 MATERIAL BELOW ROL

Various files such as purchase requisition slip(for tools), Approved vendors, vendor rating,
monthly indent(except for Ammeter, voltmeter), pattern list(casting vendors), new vendors,
drawing files, vendors alphabetically arranged, proforma details, monthly requirements are
maintained for reference.

27
 CHAPTER 3

SWOT ANALYSIS

SWOT stands for Strengths, Weaknesses, Opportunities, and Threats. SWOT analysis
is a framework for identifying and analyzing an organization's strengths, weaknesses,
opportunities, and threats -- which is what makes up the SWOT acronym. The primary goal of
SWOT analysis is to aid organizations in increasing awareness of the factors in making a
business decision. SWOT accomplishes this by analyzing the internal and external factors that
can impact the viability of a decision.

Strengths and weaknesses are internal to the company—things that the company have
some control over and can change. Examples include who is on your team, your patents and
intellectual property, and your location.

Opportunities and threats are external things that are going on outside your company,
in the larger market. Company can take advantage of opportunities and protect against threats,
but you can’t change them. Examples include competitors, prices of raw materials, and
customer shopping trends.

STRENGTHS:

 The organization is ISO 9001:2015 certified.

 The company likely has a team of engineers and technicians with a deep understanding
of pump systems, which can lead to high-quality manufacturing.
 Strong quality control processes and a focus on precision can result in reliable and
durable pump spares, reducing maintenance and replacement costs for customers.
 If the company manufactures a wide variety of pump spares, it can cater to different
industries and customer needs.
 Long-standing relationships with existing customers can lead to repeat business and
referrals.
 A skilled and experienced workforce can contribute to efficient manufacturing
processes.

28
WEAKNESSES:

 If the company has not actively expanded its market reach, it may be missing out on
potential customers.
 If the company relies heavily on a few suppliers for raw materials or components,
disruptions in the supply chain can be a significant risk.
 Intense competition from other pump spares manufacturers can put pressure on pricing
and market share.

OPPORTUNITIES:

 Exploring new markets or geographical regions can open up growth opportunities.

 Embracing new technologies, such as IoT-enabled pumps or 3D printing for spare parts,
can lead to product innovation and cost savings.
 Developing eco-friendly and energy-efficient pump spares can tap into the growing
demand for sustainable solutions.
 Collaborating with pump manufacturers or maintenance companies can lead to new
distribution channels and customer bases.

THREATS:

 Economic recessions can reduce capital spending on industrial equipment, affecting the
demand for pump spares.
 Changes in environmental regulations or industry standards can necessitate costly
adjustments to products and processes.
 Intensified competition from both domestic and international manufacturers can lead to
price wars and market saturation.

29
 CHAPTER 4

LEARNING OUTCOMES

Shree Mahalakshmi Metal Industries had given me a wonderful opportunity to acquire

various skills and knowledge about the industry and management activities. Overall it was a
Good exposure for me to pursue my career. This internship opportunity gave me an exposure
about the Industrial production and the management work behind to make the organization as
a successful one.

 As a Management student, I came to know more about the Production and departments
related to Operations as well.
 I understood the function and nature of various departments such as HR, finance,
purchase etc.
 Giving good quality product to customers is very much important rather than seeking
attention towards customers, quality of production is maintained very well by this
organization. From this I learned that quality in doing our works is very much
important.
 I was able to learn everything practically rather than theoretically.

30
 CHAPTER 5

CONCLUSION

I gained insight into the organizational structure, operation of several departments,

interactions within them, regulations, and procedures of the manufacturing and engineering
industries during my six-week internship at Shree Mahalakshmi Metal Industries. It also helped
me understand how to work with management, how to focus on the needs of the client, and
how important it is to maintain a safe and secure environment. Through this internship, I have
gained confidence in my ability to comprehend an organization on a broad scale.

Additionally, this internship helped me identify my strengths and flaws. This assisted
me in identifying the information and skills that need to be enhanced going forward as well as
how to shape myself into an employee-ready individual. I can say with confidence that the
knowledge I acquired throughout this internship is adequate to support my future endeavors.

31