Internship Report On Analysis of Inventory Management of Pakiza Technovation Limited

Abstract

Pakiza Technovation Limited (PTVL) is the newest concern of renowned Pakiza Group, the standard of excellence in all its business sectors. With a mission to deliver excellence through innovation in designing solutions, implementing those in an innovative way using the right technologies, Pakiza Technovation Limited (PTVL) has started its journey. PTVL always love to optimize, not to be lowest in price, its solution to meet its client’s requirement and thus ensure value for money. As visibility of ICT projects are result driven, it ensures the promised result and the project outcome becomes visible. Ensuring high quality in both product and service PTVL wants to give its clients a great experience and to be reliable and first choice of its kind. PTVL team is keen to understand its client’s expectations and thrives to surpass expectations through expertise and achieve loyalty. (Limited, n.d., p. Pakiza Technovation Limited) Pakiza Technovation Limited (PTVL) goal is to be one of the recognized organizations for IT hardware solutions and Software development in the country. To achieve this goal, they ensure - IT Hardware and solution business, delivery of Bespoke Software (Design, Coding and Testing), and the follow-on customer service is an essential part of the quality process. All employees receive training to ensure awareness and understanding of quality and its impact on customer service. The leadership team are responsible for ensuring that the quality objectives, and commitments to satisfy any applicable requirements continually improve the quality management system. (Limited, n.d., p. Pakiza Technovation Limited) Pakiza Technovation Limited (PTVL) products and services are- Hardware solution, Software solution, Data Center & Passive Infrastructure Solution, Managed Service, Security & Surveillance etc. (Limited, n.d., p. Pakiza Technovation Limited) I have divided this report into five major chapters. Firstly, in the first chapter, I discussed about the Framework of the report- Background of the study, Significance of the report, Scope of the report, Objective, Methodology, Sources (Primary Sources, Secondary Sources), Limitations. In the second chapter, I discussed about the About Pakiza Technovation Limited- An overview of Pakiza Technovation Limited, Organogram, Vision & strategies of the company, Vision, Code of ethics, Corporate responsibility policy, SHEQ (Safety, Health, Environment, and Quality), Products & services, Financial performance. In the third chapter, I discussed about Economic Order Quantity (EOQ) & Inventory Management- Theoretical framework of inventory management- Objective of inventory management, Operating objective, Financial objective, why inventory management is important, Purposes of inventory, Key functions, Movement inventories, Buffer inventories, Anticipation inventories, Control of materials, Associated risks and risk management, Theft, Inventory waste & damage, Inventory loss, Life cycle, Economic order quantity (EOQ), The EOQ Inventory model, Forecasting, Reorder point and safety stock. In the fourth chapter, I discussed about Analysis of Inventory Management Practices: Application of EOQ Model- The purchasing plan of inventories, Suppliers of inventories and terms of conditions, Suppliers of inventories, Terms of conditions, Inventory business process, the framework, Pakiza Technovation Limited inventory management method– FIFO, what is FIFO? The motivation of Pakiza Technovation Limited to use FIFO, Product description, Advantages that Pakiza Technovation Limited get by using FIFO, EOQ analysis, Reorder point and safety stock analysis, Evaluation of the EOQ result, Inventory turnover ratio, Evaluation of the safety stock result, Evaluation of the inventory turnover ratio. In the fifth chapter, I discussed about Findings & Conclusion – Findings, Conclusions, Appendix, References.