| Project Title: | Inventory Store Management for Sagarmatha Steels Industries Pvt. Ltd. |
| Author: | Mr. Binayak Adhikari |
| Advisor: | Asst. Prof. Dr.Maruj Limpawattana |
| Degree: | Bachelor of Business Administration (International Program) |
| Major: | Marketing |
| Faculty: | Business Administration |
| Semester / Academic year: | 2/2021 |
Citation
Adhikari, Binayak. (2021). Inventory store management for Sagarmatha Steels Industries Pvt. Ltd. (Cooperative Education). Bangkok: Siam University.
Abstract
Inventory Management System is extremely beneficial to business owners, as they allow shops to properly store sales and purchase records. When inventory is mismanaged, it leads to dissatisfied consumers, slower sales, too much cash on hand, and warehouses. The report entitled “Inventory story management for Sagarmartha Steels Industries Pvt. Ltd. demonstrates the importance of a store, utility and raw materials management to optimize the profitability for the company. The objectives of the coop study were to 1) to identify the inventory management techniques and evaluate the importance of different Inventory Control techniques; 2) to analyze the local market of Nepal from different distribution network; 3) to understand the importance of customer relationship in real market scenario. I was primarily assigned to work in this department under the supervision of the finance and the store manager. My major responsibilities included issuing issue slip, data entry, preparing daily reports, entering Market indent, gate pass and purchase order for both import and domestic purchase, study about all the manufacturing machines in the factory, learning about the financial processing of the company, learning about the needs and ways to purchase the required raw materials. Whilst my cooperative education, I found that few problems occurred due to the changes in the market and the changes in prices which affected the production of any material produced. These problems could not be avoided so cheaper alternatives were looked into after detailed consultation with project managers using various buying strategies.
Keywords: Inventory Control Techniques, Inventory Management Techniques, Manufacturing.
Inventory Store Management for Sagarmatha Steels Industries Pvt. Ltd.
Faculty of Business Administration, Siam University, Bangkok, Thailand