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PROJECT REPORT ON

SUPPLY CHAIN MANAGEMENTCONDUCT AT

LAKSHMI PRECISION SCREWS LIMITEDSUBMITTED TO

THE MAHARISHI DAYANAND UNIVERSITY ROHTAK

FOR THE PARTIAL FULFILLMENT OF THE REQUIREMENT FOR THE AWARD OF DEGREE OF MASTER OF BUSINESS ADMINISTRATION (2003-2005)

INSTITUTION GUIDE:SUBMITTED BY:Mr. S.SAHOO SHOKEEN SANDEEP

INSTITUTE OF MANAGEMENT TECHNOLOGY

(Approved by AICTE , Govt of India& Affiliated by M.D.University, Rohtak.) Tigaon Road, Near Sai Dham, Faridabad Tel:0129-2370185,3096395,2226137

In the present global world of competition there is a race of existence in which those who are having Will to come forward will succeed. Project is a bridge between theoretical and practical working, with this Will I have joined this project. I really wish to express my gratitude towards all those people who have enormously helpful in the preparation of summer training report on Supply Chain Management. I am especially grateful to my friends & relative who have provided me a valuable courage to come out with this project.

I wish to express my sincere gratitude to Mr. Mr. Deepak Jain (EXECUTIVE MANAGER) for their invaluable support provided in having the opportunity to complete my project.

I also express my sincere gratitude to Mr. V.K. JAIN (General Manager HR) for their indispensable support.

My understanding of this subject has been affected most significantly to my project guide Mr. S.Sahoo (H.O.D.) who provided me his expert advise,

inspiration & moral support inspite of his busy schedule and assignments. I am ever grateful to his kindhearted approach & encouragement, which helped me immensely in completion of this project work.

I am greatly indebted to Mr. Ravi Handa (Principal), for his kind hearted and beloved approach. His timely guidance, supervision & encouragement have helped me to get this golden opportunity.

I also pay my regards to Mr. Anup Sethi & Mrs. Manpreet Kaur who built confidence in me and provides me a guideline to complete my project reports.

I am also thankful to the M.D.University, Rohtak for providing this opportunity to pursue M.B.A. course.

SANDEEP SHOKEEN

The student of M.B.A. are required to undergo a summer training at some Business enterprises after completing first year, for a period of four to six weeks. This is meant to give them exposure to the practical aspects of the Business and the first hand information pertaining to the challenge ahead of them when they became full fledged manners. I was fortunate that one of the premier business houses in India, Jain Group provided me an opportunity to undergo this Summer Training at Lakshmi Precision Screws limited at Rohtak. The project assigned to me was SUPPLY CHAIN MANAGEMENT.

This report is the culmination of six weeks of my work with the Marketing Department of LAKSHMI PRECISION SCREWS LIMITED.

SR. NO. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15.

TITLE PREFACE ACKNOWLEDGEMENT COMPANY PROFILE PRODUCTION PROCESS OBJECTIVE SCOPE OF THE STUDY RESEARCH METHODOLOGY INTRODUCTION TO SCM SUPPLY CHAIN MANAGEMENT IN LPS FINDINGS LIMITATION CONCLUSION SUGGESTION BIBLIOGRAPHY APPENDIX

PAGE NO.

India can be said as one of the pioneer in the world of textiles. Indias superb craftsmanship and excellence in textile designing have been known all over the world. In spinning and weaving no other country boasts of such a hoary past. Trades in Indian textiles have been known to exist from the earlier times.

In the early centuries of Christian era, Alexandrian Merchants carried over an extensive trade in Indian textiles and spread the fashion for Indian modes in the east where Indian Prints are known to have supplied the market for many local styles and modes. The textiles industry in India occupies an eminent place in our national life.

COMPANY PROFILE

Company at a Glance

We take this opportunity to introduce ourselves as a joint venture between M/s Lakashmi Precision Screws Ltd., Rohtak and Bossard AG, Switzerland. Incorporated in November 97, this joint venture has been christened as LPS BOSSARD PVT. LTD.

We became operational in 1998 with specialization in Industrial Assembly Technology and within a short span we are now a 45 member family serving to our customers all over India with a sales over Rs. 55 million with a steady growth.

We have a range of more than 50,000 of fasteners in Stainless steel, High tensile steel, MS, Brass, Copper, Aluminum, Titanium Alloy, Inconel and Plastics. Our range includes standard items (as per DIN, ISO, JIS, NFE, and other National & International Std.) and Multifunctional fasteners like, Self drilling screw, Thread cutting, Thread Forming screws, EcoSyn, EcoFix and many more. Apart from these we also develop and supply items as per customer specifications.

We have joined hands with many world repute companies like Panduit Corp. for distribution of Cable ties and Wiring Accessories, Recoil Fasteners Australia for Thread Damage Repair Kits, Inserts and Insertion Tools, Fairchild Fasteners for Tension Latches, Turn Fasteners, Push Button Fasteners, to cater to the needs of customers for C items.

OUTLINE

1) Name of the Company

:

LAKSHMI PRECISION SCREWS LTD.

2) Founded on 3) Head Office & Factory

: :

March 10, 1972 46/1, Mile Stone Rohtak - 124 001 Haryana (India)

4) Chairman & Managing Director: 5) Total Assets :

Lalit Kumar Jain 879 Mill. INR (March 2001) ($19 Million)

7) Annual Sales

:

834 Mill. INR (March 2001) ($18 Million)

8) Employees Productio Office QC R&D Others Total

n 372 55% 9. Factory

90 14%

48 8%

60 10%

54 9%

624 100%

(Unit : m x m) SECTION w.e.f. LAND BUILDING PLANT I 1972-73 19,000 16,000 PLANTS PLANT II 1993-94 44,000 23,000 TOTAL 63,000 39,000

L.P.S. AT A GLANCE:BOARD OF DIRECTORSChairman & Managing Director Vice Chairman & Managing Director Director Purchase President General Manager (Marketing) General Manager (Sales) Manufacturing Sh. D K Jain Sh. V K Jain Sh. M G Agarwal Sh. H P Lakhera Sh. J Pandey Sh. R K Routh /Sh.R P Khanna /P Dhawan Development/Engineering Sh. M T Parmar /Sh. J K Sahoo Production, Planning & Control Sh. R C Garg /Sh. R Gururajan Information Technology Sh. A K Jain /Sh. R K Arora Quality / Quality Management Services Sh. Sanjeev K Sharma /Sh.V Velayutham Sh. L K JAIN

ICICI Nominee

Sh. Dharmendra Bhandari

Company Secretary & DGM (Finance) Auditors Chartered Accountants Delhi. Bankers Canara Bank, Rohtak Sh. H.P.S Chugh N.G. Gupta & Co.

HEAD OFFICE & FACTORY

46/1, MILE STONE, HISSAR ROAD, ROHTAK-124 001, HARYANA (INDIA) Tel.: +91-1262-48288/48289/49920/49921 Fax.: +91-1262-48297/49922 Email.: corp_aff@lpsboi.com; mktg@lpsboi.com

BANGALORE OFFICE 305 A, Mittal Tower, 3rd floor, M G Road Bangalore - 560 001 (India) Phone : +91-80-5588587 Fax : +91-80-5597232 Email.: lpsbgl@bgl.vsnl..net.in

MUMBAI OFFICE 153-A, Mittal Tower, Nariman Point Bombay - 400 021 (India) Phone : +91-22-2821918/2843864/2325061/2325062 Fax : +91-22-2834492

Email : Screws@bom2.vsnl.net. in

CALCUTTA OFFICE 8, Canning Street, 3rd floor, Room No.303, Calcutta-700 001. Phone :+91-33-2210754 Fax : +91-33-4739087/ 2107269 / 2210754 Email: lpsl@cal3.vsnl.net.in

NEW DELHI OFFICE

146, New Cycle Market, Jhandewalan Extn. New Delhi 110 055 (India) Phone : +91-11-3527642/3532135 Fax : +91-11-7532138 Email: lpsdel@ndb.vsnl.net.in

LPS-RECOIL DIVISION

GH-13/889, Paschim Vihar, New Delhi Phone :+91-11-5280213/ 5282179/ 5575463 Telefax: +91-11-5575463/ 5280213 E-mail: lkj@bol.net.in

Aim

We aim at providing the latest in Fastening Technology and C parts management to our customers in India. In our main operational activity Fastening Technology, we are headquartered in Rohtak, Haryana and have formed regional offices at

New Delhi, Banglore & Pune. In an effort to be closer to our customers we also have offices in Ahmedabad, Chennai, Hyderabad, Kolkatta & Mumbai.

TO MAKE CONSUMERS DELIGHTED BY PROVIDING QUALITY FASTENERS TO THEM AT THE MOST COMPETITIVE PRICES.WE BELIEVE THAT THE QUALITY IS A LONG TERM INVESTMENT AND ENSURES OPTIMUM PROFIT AND PRESTIGE IN THE MARKET . **************** BE MARKET LEADERS IN OUR CORE BUSINESS ***************** ACHIEVE AND SUSTAIN GLOBAL COMPETITIVENESS IN ALL OUR BUSINESS *********************

BE THE PREFERRED SUPPLIER BY PROVIDING OUR CUSTOMERS PRODUCTS AND SERVICES THAT ALWAYS MEET OR EXCEED THEIR REQUIREMENTS.

COMPANY ORGANISATION

Board of Directors

Chairman & Managing Director Quality Management Corporate Strategy

Marketing

R&D

Plannin g

Productio n

QA

General

D E V E L O P M E N T

S A L E S

D E V E L O P M E N T

L A B O R A T O R Y

C E N T R A L I

P R O D U C T G O N

P L A N N I N

P L A N T I

P L A N T II

P U R C H A S E

F I N A N C E

H R D

E D P

A WORD ABOUT OUR PARENT COMPANIES

LPS Ltd.

Founded in March 1972, LPS is one of the leading manufacturers and suppliers of high tensile fasteners such as Bolts, Screws, Nuts and similar parts for Automobile and other Industrial Sectors and has acquired the state of art technology. LPS is Accredited in Mechanical and Chemical Testing since 1995 by A2LA (American Association for Laboratory Accreditation, USA) and NABL (National Accreditation Board for Calibration & Testing Laboratories) and is ISO certified since 1996. LPS also got QS

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