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Professional Summary:: Chaitanya
Professional Summary:: Chaitanya
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Professional Summary:
WORK EXPERIENCE:
Responsibilities:
Responsibilities:
Responsibilities:
ACADEMIC DETAILS:
Audisankara college
MBA FINANCE JNTU 2012
of PG Studies
Krishnachaitanya
B.com(Degree) SVU 2010
Degree College
Vivekananda Junior
CEC(Inter) Intermediate Board 2007
College
TECHNICAL SKILLS:
ABOUT ME:
PROJECT DETAILS:
Inventory management is the active control program which allows the management of Sales,
Purchasing and Payments. Inventory Management and Inventory Control must be designed to
meet the dictates of the marketplace and support the company's strategic plan.
To effectively manage the various challenges like frequent changes in market demand, new
opportunities due to worldwide marketing, global sourcing of materials, and new
manufacturing technology the companies need to change their Inventory Management
approach and change the process for Inventory Control.
The Inventory Management system and the Inventory Control Process provides information to
efficiently manage the flow of materials, effectively utilize people and Equipment, coordinates
internal activities, and communicates with customers.
Inventory Management and the activities of Inventory Control do not make decisions or
manage operations; they provide the information to Managers who make more accurate and
timely decisions to manage their operations. The basic building blocks for the Inventory
Management system and Inventory Control activities are:
1) ABC analyses
The ABC method is an analytical method of stock control which aims at
concentrating efforts on those items where attention is needed most. It is based on the
premise that a small number of the items in inventory may typically represent the bulk money
value of the total materials used in production process.
2) VED classification
This analysis is based on criticality of inventory, it is used to determine the
criticality of the item and its effect on production and other services.
Some Inventory Management Software’s Are
AdvancePro by AdvancewareTechnologies,
EverestAdvanced by Everest Software
NTSWMS by National Technology Services
Oracle Apps Scm (ERP).
HOBBIES: