INVENTORY MANAGEMENT IN PARLE BISCUITS PVT.LTD.
Certain things are considered for inventory management in Bahadurgarh plant -
• Due to fluctuation in the market, a particular commodity is stored if there is any perception of the increment in the price level.
• The store of the plant is designed in such a manner that it can store, all the materials that are used for production of biscuits, maximum for 3 days. Storage for more than 3 days cannot be maintained.
• Minimum levels of inventories are maintained in plant in wake of lead-time, govt. policies, and one-day safety stock for transportation problem.
• Re-order levels of inventories are maintained in the plant in wake of per day consumption level of inventories and lead-time in days.
Orders are given in the following intervals:
Under the…show more content… Ltd. is an industry consisting of biscuit and wafer production unit. The industry comprises of a large number of workers and officials who are responsible for maintaining the hygiene and good quality production line. The working atmosphere of the industry makes sure that the product produced is of superior quality. All the tests relating to the raw material and the final product are performed as soon as the raw material is procured and the final product is produced. The industry comprises of the skilled workers who work with complete enthusiasm.
Before the production process starts, it is made sure that the all the equipment’s and utensils are cleaned thoroughly so that no contamination of any sort exists. For the production of high quality final product, the best quality raw material is procured which undergoes several tests to ensure the superior quality of the material. It is even made mandatory that all the workers, lab analysts and trainees cover their heads before entering into the production and lab area so as to avoid contamination due to human