Internship Report on “Driving Operational Excellence in Supply Chain through ERP Implementation at Rancon Industrial Solutions Ltd.”

Abstract

This report, titled “Driving Operational Excellence in Supply Chain through ERP Implementation at Rancon Industrial Solutions Ltd. - An Internship Experience Perspective”, which is based on the knowledge and experience gained during my internship at Rancon Industrial Solutions Ltd.'s Supply Chain department. This report carries various aspects and information about the supply chain activities and operations of Rancon Industrial Solutions Ltd. The study explores how an Enterprise Resource Planning (ERP) system serves as a survival necessity and a driver of excellence in the competitive electrical and engineering services industry. RISL is one of the leading and prominent Electrical and Engineering services providers in Bangladesh. The report comprises initially an introduction part where the objectives, research methods, study limitations and significance of the report are illustrated. The second portion of this study includes Rancon Industrial Solutions Ltd.'s corporate profile, purposes, organizational hierarchy, mission & vision, product portfolio analysis and SWOT analysis. Additionally, there is a complete analysis of the Electrical and Engineering services industry, where the specification, market size, trend, growth and performance of the industry are portrayed. The third chapter of the study describes the activities and process of the supply chain of the organizations. Then fourth chapter of this study focuses on the ERP implementation and integration at RISL including purposes, features, advantages and disadvantages of ERP. The fifth chapter consists of Rancon Industrial Solutions Limited’s sourcing and procurement procedures. This chapter describes how RISL acquires equipment and components from suppliers, as well as the entire purchase procurement process. Then next chapter is about the inventory and warehouse management. The goal of this section is to learn about how the company manages its inventory. Finally, in the last part my overall internship experience is illustrated with the key responsibilities I have been assigned during internship period, the trainings I acquired, the skills I applied and developed. The key findings of this report are to provide a detailed overview of the supply chain and the integration of ERP with business processes.