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ABOUT
THE INTERNSHIP 

 

The internship intends
to give a chance to explore the knowledge between the theoretical aspects with
the practical field work by doing the project which will serve to finish the
internship experience. It also helps me to know and gain experience in the
specific field or industry.

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In accordance with the VTU guidelines my internship
project is partial fulfilment of the requirements for the award of the degree
of Master of Business Administration started on 16-01-2018 at BOSCH INDIA,
Bangalore and ended on 07-03-2018 under the External guide, Mr. Nagesh V, and
Internal guide    Dr. Vidyavati,
Professor Department of Business Administration, SCM, Adyar, Mangalore.

The study period of internship done at BOSCH INDIA included
in understanding the work culture, procedures, policies followed for inventory
control. The data analysis was tabulated and analysed and presented to the
guide for approval and then final report was prepared and submitted.

 

TOPIC
OF THE STUDY

“A
study on inventory management and control with reference to BOSCH INDIA,
Bangalore

 

 

 

 

 

 

 

 

 

 

                                                                                       
                                           

                                                                                                                                  

                   

 

GLOBAL

The Bosch Group is a leading global
supplier of technology and services. It employs roughly 390,000 associates
worldwide (as of December 31, 2016). The company generated sales of 73.1
billion euros in 2016. Its operations are divided into four business sectors:
Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and
Building Technology. As a leading IoT company, Bosch offers innovative
solutions for smart homes, smart cities, connected mobility, and connected
manufacturing. It uses its expertise in sensor technology, software, and
services, as well as its own IoT cloud, to offer its customers connected,
cross-domain solutions from a single source. The Bosch Group’s strategic
objective is to deliver innovations for a connected life. Bosch improves
quality of life worldwide with products and services that are innovative and
spark enthusiasm. In short, Bosch creates technology that is “Invented for
life.” The Bosch Group comprises Robert Bosch GmbH and its roughly 440
subsidiaries and regional companies in some 60 countries. Including sales and
service partners, Bosch’s global manufacturing and sales network covers nearly
every country in the world. The basis for the company’s future growth is its
innovative strength. At 120 locations across the globe, Bosch employs some
59,000 associates in research and development.

The company was set up in Stuttgart
in 1886 by Robert Bosch (1861-1942) as “Workshop for Precision Mechanics and
Electrical Engineering.” The special ownership structure of Robert Bosch GmbH
guarantees the entrepreneurial freedom of the Bosch Group, making it possible
for the company to plan over the long term and to undertake significant upfront
investments in the safeguarding of its future. Ninety-two percent of the share
capital of Robert Bosch GmbH is held by Robert Bosch Stiftung GmbH, a
charitable foundation. The majority of voting rights are held by Robert Bosch
Industrietreuhand KG, an industrial trust. The entrepreneurial ownership
functions are carried out by the trust. The remaining shares are held by the
Bosch family and by Robert Bosch GmbH.

 

 

 

                                                                                             
         

 

Our Vision. Creating value – sharing
values

As
a leading technology and services company, we take advantage of our global
opportunities worldwide for a strong and meaningful development. Our ambition
is to enhance the quality of life with solutions that are both innovative and
beneficial. We focus on our core competencies in automotive and industrial
technologies as well as in products and services for professional and private
use.

 

Our Mission

Be QIK      

Quality is our most
values asset

Innovation today ensures
business tomorrow

Customer orientation
inspires customers and associates

 

Be Better

We
want continuous improvement

We
want to be better than our competitors

 

Be Bosch

We
offer outstanding products and services worldwide

We
keep our promises

Profit
Secures growth

                                                                                                      
    

 

Our values
– what we build on

1.     
Future and result focus    

Our
actions are result – focused. This allows us to secure our future. It also
creates a sound basis for the social initiatives of the company and the
foundation.

2.     
Responsibility and sustainability

We
act responsibly in the interest of our company, also taking the social and
ecological impact of our actions into considerations.

3.     
Initiative and determination

We
act on our own initiative, take entrepreneurial responsibility and pursue our
goals with determination.

4.     
Openness and trust

We
communicate important company matters in a timely and open fashion. This is the
best foundation for a relationship built on trust.

5.     
Fairness

We
deal fairly with our colleagues and business partners, and view this fairness
as a cornerstone of our corporate success.

6.     
Reliability, credibility, legality

We
promise only what we can deliver, accept agreements as binding, and respect and
observe the law in all our business transactions.

7.     
Diversity

We
appreciate and encourage diversity for the enrichment it brings, and see it as
essential for our success.

                                                                                                                                 
                            

 

 

 

 

                                                                                                             

INDIA

In India, Bosch is a leading
supplier of technology and services in the areas of Mobility Solutions,
Industrial Technology, Consumer Goods, and Energy and Building Technology. Additionally,
Bosch has in India the largest development center outside Germany, for end to
end engineering and technology solutions.

The Bosch Group operates in India
through nine companies, namely, Bosch Limited, Bosch Chassis Systems India
Limited, Bosch Rexroth India Limited, Bosch Engineering and Business Solutions
Private Limited, Bosch Automotive Electronics India Private Limited, Bosch
Electrical Drives India Private Limited, BSH Home Appliances Private Limited,
ETAS Automotive India Private Ltd. and Robert Bosch Automotive Steering India
Pvt. Ltd. In India, Bosch set-up its manufacturing operation in 1951, which has
grown over the years to include 15 manufacturing sites, and seven development
and application centers. Bosch Group in India employs over 30,000 associates
and generated consolidated revenue of about ?. 17,022 crores in 2015 of which
?. 12,100 crores from third party. The Group in India has close to 14,000
research and development associates.

In India, Bosch Limited is the
flagship company of the Bosch Group. It earned revenue of over ?. 10,415 crores
(1.4 billion euros) in 2015-16.

 

BOSCH
in India has a company code of 9037. It’s branches in India are further
classified as Business areas such as BANGALORE, NASIK, JAIPUR, BIDADI with a
specific code for each area.

For
example: Bangalore (BanP) – 9030.

BOSCH
in India deals with diesel systems products, that is Bosch in India, is
committed to developing innovative diesel fuel injection products, apart from
providing services that will help meet the stringent emission norms of the
future. The in-line fuel injection pumps of Bosch could cater to the full
spectrum of diesel engines starting from small fixed instalments to large earth
movers.

                                                
                                                            

BOSCH
(BanP) involves in the manufacturing and production of fuel injection pumps.
These fuel injection pumps differ from one and another depending upon the
number of cylinder installed in them. Pumps can have cylinder of two and can go
up to having six cylinders. Fuel injection involves a lot of indirect materials
such as,

1.      PF
Convention

2.      PF
LE

3.      Elements

4.      Delivery
Value

5.      Nozzles.

These
products are not manufactured by the Bosch but depends on the other vendors.
These products become the raw materials of the company.

The
following chart shows the inventory process of (BanP) i.e. Bangalore Plant.

 

 

 

 

 

 

 

 

 

                                                                          

INVENTORY PROCESS

VENDOR

                     

SHOP FLOOR
(RM – WIP-FG)

 

LOG 1

LOG 3

 

WAREHOUSE
(FG)
 

CUSTOMERS

TRANSPORTER STOCK
(THIRD PARTY)

 

 

 

 

 

 

 

 

 

 

 

 

1.      VENDOR

    Vendors in Bosch are the traders or
manufactures who either manufacture or supply raw materials which is needed in
the manufacturing of Fuel injection pumps. Raw material such as Bearings,
Nozzles, Delivery values, Elements are being supplied by vendors. These raw
materials come from vendor daily basis and are kept in stock. Every vendor must
have the proper documents for the materials supplied.

 

                                                                                                    
             

2.      RAW
MATERIALS (LOG 1)

Raw
materials from the vendors enter in to the BAY which is divided in to two
section, where in one section involves in unloading of the goods that will be
arrived from the vendors and the other section involves in loading of the goods
to the required vendors.

Raw
materials entering the BAY must have the proper documentation from the vendor
containing the details of the product, number of items, price of the product.
Raw materials which are defective will be sent back to vendor for replacement.
Raw materials which are near to expiry or expired will be sent to scarp zone.

3.      WORK
IN PROGRESS (SHOP FLOOR)

Shop
floor is a place where there will be small shops involving in the production of
fuel ignition pumps. Each shop will be provided with the materials they need
from the materials bought from the vendors. Each fuel pumps might require a
minimum of one hour to be a finished good. These finished goods will be later
sent for packaging. Packing takes place as per the need of the companies either
it will within the country or will be exported.

Each
machine involved in manufacturing of pump will have MAZE. Maze is a workshop
for the machines which is involved in manufacture of pumps. Any problem with
the machines will be repaired from the MAZE.

In
case the company backs off after giving the order, the manufactured pumps on
the specific company will be kept in warehouse and when there is a request from
the company they will be sent back to the respective company.

4.      FINISHED
GOODS (LOG 3)

The
final product that is the fuel ignition pump will be sent directly to the
companies and from the company to the third party sellers or to the warehouse.

Once
the raw materials are converted into finished goods, it’s the duty of inventory
manager and his team to check the materials produced are available in the
warehouse as per the entry made in systems( SAP Software)

 

 

MATERIAL USED

1.      Supplier
Material(SM)

The
supplier material is a process where the company gives the supplier the
contract to use his materials and produce the product and give it back to the
company.

2.      Material
with Supplier (MWS)

Material
with supplier is a process where a company depends on another supplier for a
manufacturing a product using the company materials.

 

TYPES OF INVENTORY
CONTROL

1.      Stock
Taking: Stock taking takes place yearly Once or Twice.

Stock
taking is the process of physical verification of products available in the
company warehouse in respect with the products shown in systems.

 

2.      Cycle
Counting: Takes place on Regular basis.

Cycle
Counting is process of counting the products available in the warehouse. It is
usually done for fast moving products than for slow moving items.

 

  INDUSTRY
PROFILE

 Manufacturing is the production of merchandise
for the use or sale using labour and          machines, tools, chemicals and
biological processing, or formulation. The term may refer to a   range of human activity, from handicraft to
high tech, but is most commonly applied to industrial production in which raw
materials are converted into finished goods on large scale.

Manufacturing process is
the steps in which the raw materials can be transformed into final product. The
manufacturing sector mainly belongs to engineering and industrial design.

One such example in India
is BOSCH, who are the pioneer in manufacturing of Fuel injection pump with huge
customer base.

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