PROJECT REPORTON

INVENTORY MANAGEMENT

Ramandeep

MBA – 3rd Sem.

Roll No 890829

INRODUCTION

•The existence of GNA came into being in 1946, in a small village called Bundala in District Jalandhar of Punjab.

•Founded with a modest beginning by Late Mr. Amar Singh Ji and nourished by his sons Mr. Rachhpal Singh and Mr. Gursaran Singh, with the artistic creativity that was gifted to the next generation by tradition. •GNA is now boosted and taken care by the third generation Mr. Jasvinder Singh, Mr. Maninder Singh, Mr. Ranbir Singh and Mr. Gurdeep Singh.

•Today GNA group has created an important place for itself in Indian as well as Global Automotive Industry.

GNA Group

GNA Axles Ltd.

GNA Duraparts Pvt. Ltd.

GNA Udyog Ltd.

GNA Axles Ltd.

GNA Axles Ltd. has a large variety of Axle Shafts ranging from 1.5kg to 150kg, producing more than 2 million Axle Shafts annually. Their long-standing global presence is owed to experience in the development and manufacture of Real Axle Shafts.

GNA Duraparts Pvt. Ltd.

GNA Duraparts is equipped with world-class resources and expertise to manufacture a vast range of gears, gear boxes and allied products for a variety of automobile applications.

GNA Udyog Ltd.

GNA Udyog is equipped with world-class resources and expertise to manufacture a vast range of propeller shafts assemblies, steering column assemblies and allied products for a variety of automobile applications.

Product Range

Propeller Shaft Assemblies

Steering column Assemblies

Intermediate Drive Shaft Assemblies

Tie Rod

Front Axle Assemblies & Components

Pitman Arm

Off Highway Products

MISSIONTo become the numero uno in machined forgings in the world

VISIONTo become a highly growth oriented company based on strong business fundamentals

 

Propeller Shaft

Steering Column Assemblies

Intermediate Drive

Shaft

Tie Rod

Pitman Arm

Milestone

Awards

Mr. Jagdish Singh CMD, Receiving ACMA Export Excellence Award

From Mr. Rajiv Bajaj MD Bajaj Auto FTY 2006-07

Mr. Jagdish Singh CMD, Being Recognisize

Business Sphere-Business Man of the Year

Mr. Jagdish Singh CMD, Receiving ACMA Export Excellence Award

From Mr. Y. Deveshwar Chairman ITC FTY 2005-06

Manufacturing Facilities

Forging

Heat Treatment and Induction

Process Of Pivot Pins

Machining

Assembly

Tool Room

Forging

Heat Treatment and Induction

Process of Pivot Pins

Machining

Propeller Shaft Assembly

Ashok Leyland Limited (Heavy Commercial Vehicles)

Tata Motors Ltd ( Medium & Heavy Commercial Vehicles)

Swaraj Mazda Limited (Light Commercial Vehicles)

Maruti Udyog Limited ( Passenger Vans/MUV?s)

Mahindra & Mahindra Limited (MUV?s)

New Holland India

Customers of GNA

JCB

Same International (Tractors)

Escorts (Tractors)

ITL (Tractors)

Terex (Earthmoving Vehicle)

Carraro India Limited

Punjab Tractors Limited

TMA, USA

Indo Farm Tractors Limited

Force Motors

TAFE Tractors

Standard Combine

John Deere

Renault

CLAAS

Corporate Social Responsibility

GNA firmly believes that growth does not happen in isolation. They are of the view that opportunities for education and technical up gradation of their youth must be created locally. At GNA-IMT, what they have built is an instrument for knowledge sharing.

INVENTORY MANAGEMENT

WHAT IS INVENTORY?

Inventory is defined as a stock or store of goods. These goods are maintained at or near a business’s location so that the firm may meet demand and fulfill its reason for existence. If the firm is a manufacturer, it must maintain some inventory of raw material and work-in-process in order to keep the factory running. In addition, it must maintain some supply of finished goods in order to meet demand.

WHY KEEP INVENTORY?

Meet demand

Keep operations running

Lead time

Hedge

Quality discount

Smoothing requirements

Controlling inventory