SYNOPSISITEM Name of Student Roll no of student Address for correspondence Telephone E-mail Name of Guide Designation Address Proposed title of project Problem under study House no -9, Road no 1, Azad nagar,mango,Jamshedpur 9431972636,9931979860, email@example.com G.D.Pandey Course Coordinator Room no 6,Rusi modi center,Jublee park road,Sakchi ,Jamshedpur Supply Chain Management at USHA MARTIN Ltd.(Usha Alloys & Steel Division) Jamshedpur. Process of procurement, Process of vendor evaluation, process and technique of inventory control, inventory movement. The study will cover the introduction of the subject and study of the systems prevailing at purchase, stores inventory management. 1. Study of the methods of inventory control in BAAN. 2.Inventory Carrying Cost 3.Lead time under procurement Usha martin ltd, (Usha Alloys & Steel Division) Jamshedpur. It located at Gamharia, Jamshedpur. 1960 - The Company was incorporated as1
PARTICULARS AZAD KHAN
Usha Martin Black (Wire Ropes) Limited having its wire rope plant at Ranchi. The name was changed to Usha Martin Black Ltd. in 1979 and further changed to Usha Martin Industries Ltd.(UMIL) in 1983. UMIL promoted Usha Alloy Steels Limited (UASL) for the manufacture of billets at Jamshedpur. UASL merged with UMIL in 1988. A backward integration initiative, the Usha Alloys & Steels Division (UASD) at Jamshedpur is one of the largest amongst secondary steel manufacturers of specialty steel long products in India. With ISO 9002 certified facilities, UASD has pioneered the unique process of steel making through mini blast furnace-arc furnace route, which ensures superior quality of steel at a lower cost. UASD serves a range of industries like automobile, general engineering, fasteners, railways, defense and power. Methodology 1.Primary data will be collected from books. 2. Secondary data will be collected by Consultation and discussions with various personnel. Conclusion/ recommendation Approved/Not approved Comments/Suggestion This all the study may help the organization and improve the efficiency of Supply chain management.
Objective, Scope and Coverage ObjectiveThe objective of this study is to critically examine the system of SCM at the Usha Martin Limited, Jamshedpur works, compare it with the other company and evaluate the effectiveness of the SCM.
Scope and CoverageThe scope is to study the system of Supply Chain Management at the Usha Martin Ltd, (UML). The study will cover the introduction of the subject and the study of the systems prevailing of purchase, store, and Inventory and vendor management.
Methodology: The study will be carried out of the purchase and store department of UML Jamshedpur. The various aspects of SCM including Purchase, Store and inventory will be studied and relevant data will be collected from various sources. These available data will be analyzed with the help of various tools and techniques for the strength and weakness of the system. Suitable suggestions and recommendations will be made in order to overcome the weakness of the system making it most effective. Various tools and technique will be used for collection and analysis of data such as: Consultation and discussion with various personnel. Logical and analytical conclusion. Graph, Chart etc.
Suitable suggestion and recommendation will be made to overcome the weakness of the system in order to enhance the effectiveness of the system The data for non moving items which had not moved from 2005 onward will be collected from the books of record year wise for the last 8 years. The record available at UMI is for last 8 years only
SUPPLY CHAIN MANAGEMENT An Overview
SUPPLY CHAIN MANAGEMENTSupply Chain Management is defined as The integration of Business processes from end Customer through the very first supplier that provide products, services and information that add value to the products and services for the customers. From the traditional approach of Materials Management as Supply Management, Purchasing or the Procurement as an isolated function, it has changed to the new approach to look at the complete system of Procurement, Logistics, Manufacture, Packaging, Warehousing, Marketing, Distribution and Supply to the End User Customer in a very critical way evaluating the value addition at each stage. The whole system is termed as Supply Chain Management and the individual functions as the links of the whole chain. Any business is the outcome of the value addition done by not only the end manufacturers, but also all its partners at every stage of movement and processing, including raw materials suppliers, transporters and dealers. A growing number of companies are using the term supply chain management to describe process whereby both internal and external units are forged together to bring low cost and high value performance to the customer. The supply chain concept is related to the cycle time concept where the firms that develop a continuous flow of inventory system frequently do so with a limited number of primary accounts after using third party logistic. Support agencies innovation in transportation and streamlined regulations are accelerating product flow. The changed global and free boundaries of markets feature the paradigm shift from the traditional business to the most challenging business scenario with the following challenges. Rapid product introduction bringing new product to market in record low time. Focused market requiring customized design, packaging and service offering to meet varying customer requirements. Quick response delivery distributing sufficient product quantities to satisfy the needs of the customer demand as and when it occurs.
Expanded service linking innovative, valued added services with the product offerings. Innovative channels using minimal echelon store, direct delivery system to reach customers rapidly at low cost.
Why the Supply Chain Management?SCM is the buzzword in todays global market. Supply Chain Management is the top managements priority for all industries, right from big business houses to small retailers, in todays global scenario. Fierce competition is firing companies to respond to changes in the market quickly. This highlights the governing importance of SCM the managing skill availability, supplier relationship, new value added services and cost reduction. We are now moving into an era where supply chains will compete with each other rather than being competition between products and marketing techniques alone to ensure that the right goods are available at right place at the right time, in right quantities and at the right cost. First class products and brand power no longer guarantee success in the aggressive battles for market share. Thus, it is important to get closer to customer by understanding what they want, when they want it, where they want it and at what price they want it and responding more accurately to actual customers demand by minimizing the flow of material at every point in the pipeline. In addition, it is important to keep the inventory to a minimum in order to derive a competitive edge by giving better services through shorter cycle times. The introduction of wide and varied product ranges and the growth of competitive pressure have been the deriving forces behind the development of logistic system in the global competitive environment. The challenge before us today is the control of the supplies that has grown in drastically. In India SCM continues to be perceived as a law value added activity of managing transportation and warehousing. The Indian Corporate must think about the SCM from a strategic perspective rather than just an operational issue. Supply Chain Management is originally the most important operational area for businesses trying to increase profitability. It deals with cost reductions in both inward and outward movement of goods. SCM can also target costs in internal operations the actual processing of material on the shop floors. Here the issues are of Wastage, Defects and Fuel Consumption.
Role of Supplier Customer Team Work In SCMThe importance of supply chain can be gauged from the fact that logistics costs are in the range of 10-20% of countries GDP. Organizations are required to look beyond their four walls for collaboration and co-ordination with supply chain partners. Organization to highlight the effect and the benefits of the following five key dimensions to make supply chain integration a reality in todays business environment. Information integration, Work flow assimilation, Technology assimilation, Synchronization and Trust
a) Information IntegrationInformation is the enabler of supply chain integration. Information integration refers to not only sharing of information among supply chain members but also exploiting the information, inventory status, capacity plans, production schedules, promotion plans, demand forecasts and demand schedules. Information integration is the most effective way to counter the problem of demand information distortion up and down the supply chain. Information distortion can arise from partners making use of local information to make demand forecasts and passing them into upstream partners making ordering decisions on local economic factors and constraints and gaming behaviors that exaggerate orders when there are perceived uncertainties in supply conditions. These conditions are amplified from one level to another in a supply chain giving rise to Bullwhip Effect. The sole way to counter this is to have total transparency of demand information not just between immediate business partners but also across the entire supply chain.
b) Work flow co-ordinationWork flow co-ordination is the efficiency of order fulfillment p