Project title: Logistics and Supply chain management

Company name: IFB INDUSTRIES LTD

Company profile:
From Precision to Perfection
At IFB, they celebrate over three decades of excellence, cutting edge technology and solutions
that have touched people's lives. They Endeavour to achieve perfection through precision and
bring you the best in quality and technology. The IFB group comprises of four independent
companies
1. IFB Industries Ltd.
1. Fine Blanking Division
2. Home Appliance Division
2. IFB Automotive Pvt. Ltd.
3. IFB Agro Ltd.
4. Travel Systems Ltd.
Vision
To be the customer's first choice.
Mission
To maximize shareholder's value and growth by manufacturing and marketing top
quality products.
To be the best in the eyes of the customer, employees, business partners and
shareholders.
To be in every home valued at 15 Lakhs+ and achieve our target of 4000 Crores turnover
by 2013-14.
For our Customers: The best product to buy, an innovative product that constantly
outperforms peers and outstanding service that makes every customer smile
For our Employees: An environment where every individual learns, grows and prospers.
For our Business Partners: IFB should be the first choice to our products and services.
For our Investors: The company should be acknowledged as the one with highest
degree of corporate transparency; that delivers on the promises given to the
shareholders.

Place of doing project: IFB ware house, murali nagar visakhaptnam.
Importance of logistics and supply chain management:
Even as companies have learnt to squeeze efficiencies out of their manufacturing plants
through concepts like just in time replenishment, statistical process control, and lean
manufacturing practices, they still find that moving goods and services through several layers of
their global supply chains is time consuming and costly. Logistics and supply chain
management has become one of the last frontiers that still remain to be conquered by most
businesses in the twenty first century. Yet this cannot be done unless all managers and
supervisors, irrespective of their functional orientation and current job responsibilities,
fundamentally understand their supply chains and how their effective functioning flows right to
the bottom line.
Since today it is not uncommon to see companies develop a product in one country,
manufacture it in another, and sell it to a third country, the complexities associated with global
trade must be accounted for in designing and managing supply chain. In addition, new products
could be introduced in several countries almost simultaneously, and suppliers with special
expertise and technology could collaborate with manufacturers in different countries to create
global products. As the world moves toward an international economy, the battle cry for
corporations is increasingly becoming one of global operations and supply chain
management. While globalization promises enormous strategic benefits by coordinating
operations located in different countries, it is imperative for managers to develop a perspective
that can fully understand and exploit the intricacies of the global marketplace. Managing
manufacturing and service operations across cultural, economic, and political boundaries is a
formidable challenge, because of which many globalization efforts are falling far short of their
promise.
It is now recognized that competition is no longer between individual organizations but the
supply chains they are part of. Therefore organizations need to work together to ensure
competitiveness for all within the supply chain. Supply chain management can be defined as
the management of relationships with all stakeholders, to deliver superior customer value at
less cost to the supply chain as a whole. In order to do this Effective logistics is required i.e. the
detailed coordination of complex operations involving people, facilities and supplies.

Introduction to Supply Chain Management
Supply Chain Management is the discipline which encompasses the end to end business
activities carried out in any business, independent of the manufacturing or service sectors. It is
the synchronization of a network of facilities and distribution options that performs
procurement of materials, processing the materials into finished products, and distribution of
the products to customers. SCM is seen as involving five fundamental processes. These include
planning, sourcing, making, delivering, and returning.
SCM subsists in both service and manufacturing environments. A typical supply chain consists
of many interactions between suppliers, manufacturers, distributors, retailers, with the vital
goal of providing either a service or a product to customers. This also works in reverse with the
customer at the head of the process when returning a product.
SCM is used as a means to assimilate planning, purchasing, manufacturing, distribution, and
marketing organizations that normally do not work together to achieve a common goal. Each
works toward goals specific to their own organization that accomplish narrow objectives. SCM
is a way of integrating these varying functions so that they work together to make best use of
the benefits for all involved.
Introduction to logistics:
In business terms, the term logistics means physical movement of goods from supplier point to
receive point. The Council of Supply Chain Management Professionals (CSCMP), the preeminent
worldwide professional association of supply chain management professionals defined Logistics
as a part of the supply chain process that plans, implements, and controls the efficient,
effective forward and reverse flow and storage of goods, services and related information
between the point of origin and the point of consumption in order to meet customers
requirements. Another short CSCMP definition is the management of inventory, at rest or in
motion.
They are various register in logistics management to maintain manually such as GRN(good
receivables note),DC(goods delivery channel),SR(sales under register),SUR(sales un
register),DCM(dealer confirmation file )etc..some companies use SAP in logistics management.




From:
K.Sai Dinesh
122513222
Mba-1
st
year