Maruti Suzuki India Company Profile Essay - 901 Words

COMPANY PROFILE Maruti Suzuki India Limited (MSIL, formerly known as Maruti Udyog Limited) is a subsidiary of Suzuki Motor Corporation, Japan. Maruti Suzuki has been the leader of the Indian car market for over two and a half decades. The company has two manufacturing facilities located at Gurgaon and Manesar, south of New Delhi, India. Both the facilities have a combined capability to produce over a 1.5 million (1,500,000) vehicles annually. The company plans to expand its manufacturing capacity to 1.75 million by 2013. The Company offers 15 brands and over 150 variants ranging from people s car Maruti 800 to the latest Life Utility Vehicle, CIAZ. The portfolio includes Maruti 800, Alto, Alto K10, A-star, Estilo, Wagon R, Ritz, Swift, Swift DZire, SX4, Omni, Eeco, Kizashi, Grand Vitara, Gypsy and Ertiga. In an environment friendly initiative, in August 2010 Maruti Suzuki introduced factory fitted CNG option on 5 models across vehicle segments. These include Eeco, Alto, Estilo, Wagon R and Sx4. With this Maruti Suzuki became the first company in India to introduce factory fitted CNG vehicles. In terms of number of cars produced and sold, the Company is the largest subsidiary of Suzuki Motor Corporation. Cumulatively, the Company has produced over 10 million vehicles since the roll out of its first vehicle on 14th December, 1983. Maruti Suzuki is the only Indian Company to have crossed the 10 million sales mark since its inception. In 2013-14, the company sold over 1.13Show MoreRelatedMaruti Suzuki Case Study1520 Words   |  7 PagesEXECUTIVE SUMMARY OVERVIEW Maruti Suzuki India Limited, formerly known as Maruti Udyog Limited, is an automobile manufacturer in India. It is a 54.2%-owned subsidiary of Japanese automobile and motorcycle manufacturer Suzuki Motor Corporation. As of January 2017, it had a market share of 51% of the Indian passenger car mar-ket. Maruti Suzuki manufactures and sells popular cars such as the Ciaz, Ertiga, Wagon R, Alto, Swift, Celerio, Swift Dzire ,Omni ,Baleno and Baleno RS. The company is headquartered atRead MoreProfile Of Maruti Suzuki India Limited Essay2110 Words   |  9 PagesPROFILE OF MARUTI SUZUKI INDIA LIMITED Founded Year 1981 Founder Sanjay Gandhi Headquarters New Delhi. India Revenue US$ 8.6 billion (2015) Net Income US$ 560 million ( 2015) Production Output 1,305,351 units (2015) Maruti Suzuki India Limited (Maruti Udyog Limited) was built up in February 1981, however the genuine generation initiated just in 1983. It began with the Maruti 800, in light of the Suzuki Alto kei auto which at the time was the main current auto accessible in India. Its exclusive rivalsRead MoreBrand Items And The Purchaser Basic Leadership Process1627 Words   |  7 PagesINTRODUCTION In the modern society brands not only signify the product or company but also have a strong relationship with perceived quality, consumers’ life style, social class, taste etc. The motivation behind this study is to frame a more profound thought of what impact a brand name can have, when individuals go for buying, pick the items between various brands, particularly private vehicle like car. Furthermore, this concentrate additionally tries to investigate the connection between variousRead MoreValue Proposition of Maruti Suzuki8102 Words   |  33 PagesModule Produce INTRODUCTION OF THE COMAPANYMARUTI UDYOG INDIA LIMITED Maruti is Indias largest automobile company. The company, a joint venture with Suzuki of Japan, has been a success story like no other in the annals of the Indian automobile industry. Today, Maruti is Indias largest automobile company. This feat was achieved by the missionary zeal of our employees across the line and the far-sighted vision of our management. The Company Mission: To provide a wide range of modern, high qualityRead MoreComparative Study of Maruti Suzuki Hyundai Motors to Evaluate Consumer’s Satisfaction in Small Car Segment.2441 Words   |  10 Pagesfrom Maruti owners 15 from Hyundai owners.) (c) Interpretation of data as per the information provided by the respondents. (d) Giving findings along with suggestions. Limitations of this method :- (a) Data is qualitative in nature. Hence, results will be near to accurate (b) It may be possible that respondents may have misrepresented while responding. Introduction to Maruti Suzuki. Maruti Suzuki India Limited (MSIL, formerly known as Maruti Udyog Limited) is a subsidiary of Suzuki MotorRead MoreIndian Automobile Industry And Theoretical Background Of The Study1597 Words   |  7 PagesCHAPTER I INTRODUCTION This part incorporate the profile of Indian Automobile industry and Theoretical background of the study PROFLE OF INDIAN AUTOMOBILE INDUSTRY India is a standout amongst the most huge developing auto markets on the planet today. Driving Automobile Ltd. Hindustan Motors (HM), which began as a producer of auto segments graduated to fabricate autos in 1949. Because of the License Raj which restricted outside contenders to enter the Indian auto market, Indian streets were ruledRead MoreEssay on BEST HR PRACTICES IN AUTOMOBILE INDUSTRY6331 Words   |  26 Pagesof the Study 1.3 Industry Profile 1.3.1 Origin and development of the industry 1.3.2 Growth and present status of the industry 1.3.3 Future of the industry CHAPTER 2. PROFILE OF THE ORGNIZATION 2.1 Origin of the Organization 2.2 Growth and development of the Organization 2.3 Organization structure and organization chart 2.4 Products and Services of the Organization 2.5 Market Profile of the organization CHAPTER 3. DISCUSSIONs OF TRAINING 3.1 My Work Profile 3.2 Key Learning from trainingRead MoreA Project Report on Customer Satisfaction of Maruti Suzuki7331 Words   |  30 Pages1 A Project Report on Customer Satisfaction Survey of Maruti Udyog Ltd. MBA (INDUSTRY INTEGRATED) SEMESER - 4 SUBMITTED BY:Vinay Krishna Dasi PROJECT GUIDE Mrs.Rashi Ghagade INTERNATIONAL INSTITUTE FOR LEARNING IN MANAGEMENT BUSINESS SCHOOL IILM BS KNOWLEDGE TOWER, SECTOR 11/20, BELAPUR, NAVIMUMBAI 400614 EASTERN INSTITUTE FOR INTEGRATED LEARNING IN MANAGEMENT UNIVERSITY 1 EIILM UNIVERSITY 2010 CERTIFICATE This is to certify that Mr.Vinay Krishna Dasi (Enrollment No:- EIILMU/O8/F0726) has successfullyRead MoreA Project Report on Automobile Industry in India13848 Words   |  56 Pagesindustry in India — the sixth largest in the world with an annual production of over 14.82 million units in 2010 — is expected to become one of the major global automotive industries in the coming years. In this project we have undergone a detailed analysis of India automobile industry by using Fundamental and Technical tools. In order to better understand the performance of the industry we have made comparative analysis of Two players Tata motors as (leading player) and Maruti Suzuki. The projectRead MoreTvs Motor Company : The Third Biggest Exporter1677 Words   |  7 PagesTVS Motor Company is the third biggest bike maker in India, with an income of Rs.10131 Cr ($1.5 billion) in 2014-15. It is the lead organization of the Rs. 40,000 Cr ($6 billion, in 2014-15) TVS Group. The organization has a yearly offers of 2.5 million units and a yearly limit of more than 3 million vehicles. TVS Motor Company is likewise the second biggest exporter in India with fares to more than 60 Countries .TVS Motor Company Ltd individual from the TVS Group, is the biggest organization of

Five Phases of Project Management Free Essays

Assignment – Five Phases Project Management Strategy November 5, 2012 Five Phases of Project Management Life cycle management is a business management approach that can be used by all types of businesses (and other organizations) to improve their products and thus the sustainability, employing the principles of project life cycle – the five phases of project management, which consists of, initiation, planning, execution, monitoring, and closure. Iniation Phase The first phase of a project is the initiation phase. During this phase, a business problem or opportunity is identified and a business case providing various solution options is defined. We will write a custom essay sample on Five Phases of Project Management or any similar topic only for you Order Now Once the recommended solution is approved, a project is initiated to deliver the approved solution. Terms of reference are completed outlining the objectives, scope and structure of the new project and a project manager is appointed. The project manager begins recruiting a project team and establishes a project office environment. Within the initiation phase, the business problem or opportunity is identified, a solution is defined, a project is formed and a project team is appointed to build and deliver the solution to the customer (Barkley, 2005). Planning Phase Often the most time-consuming of the phases of project management, the Planning phase is where you lay your project groundwork and is critical for a successful implementation of the subsequent Execution phase (Reynolds, 2009). Additionally, in this phase Project Planning builds on the work done in Project Initiation, refining and augmenting Cost, Scope, Schedule and Quality (CSSQ) and Project Plan deliverables. Usually, additional members join the Project Team, and they assist the Project Manager in further elaborating the details of the Cost, Scope, Schedule and Quality (Macek, 2010). The planning phase produces a project plan, project charter and/or project scope outlining the work to be performed. During this phase, a team should prioritize the project, calculate a budget and schedule, and determine what resources are needed0 (LaBrosse, 2008). This phase is the basis for the successful execution of the subsequent Executing phase. The planning phase is also the phase where, definition of work packages, detailed planning, clarification of responsibilities, risk analysis, and interfaces are defined. Project Planning marks the completion of the Project Plan –i. e. , no work is left uncovered. Execution Phase Execution. This is where the project team does the work to crate the final deliverables of the project. It is the largest part of most projects and it goes far better if adequate time was taken to properly plan the work of the project (Reynolds, 2009). Resources’ tasks are distributed and teams are informed of responsibilities. This is a good time to bring up important project related information (Project Plan Execution, 2009). During the Execution phase, the project manager spends a considerable amount of time in communication making sure the resources (people, equipment and materials) are available to do their work and know what work needs to be completed. There is a significant amount of work in this phase, as a project manager works to juggle many aspects of the project. During this phase, you’ll use all of your management skills to implement and manage cost and quality, risks and change, and several other factors (Reynolds, 2009). Monitoring The next phase of the Project management life cycle is monitoring. Successful Project Management Principles amp; Controls are summarized as three main methods; continual focus on the Project Plan, constant update of the Project Plan (especially the triple restraints, and most importantly, measure status and project progress against the Project Plan -making adjustments to get back on track, if necessary (Project Plan Execution, 2009) . Closure In Project Closeout, the Project Team assesses the outcome of the project, as well as the performance of the Project Team and the Performing Organization. This is accomplished primarily through soliciting and evaluating feedback from Customers, Project Team members, Consumers and other stakeholders. The primary purpose of this assessment is to document best practices and lessons learned for use on future projects. In addition, key project metrics are also captured to enable the Performing Organization to compare and evaluate erformance measurements across projects. Project completion is signified by accomplishments such as (1) all tasks finished, (2) agreed deliverables completed, (3) testing completed, and (4) training materials prepared. The project benefits should be measured and compared with the final business case. Not all the benefits of the project are immediately apparent. The results must be compared with the cost-benefit analysis along with all the other forecast b enefits that the project was planned to provide the organisation. Analyzes how each phase could support the organization’s business strategy. There is a dramatic rise in the use of project management as organizations shift to provide customer driven results and systems solutions. Some implementations of project management have been successful, while others are incredible failures. A common occurrence in many organizations is too many projects being attempted by too few people with no apparent link to strategy or organizational goals. Unfortunately, this is why the organization I currently work in is struggling to successfully complete the EMR, too few resources and too many projects being implemented simultaneously and most not align with the strategic plan. Experience indicates that the support of upper management is critical to project success, upper management was absent as participants of the project until the decision was made to delay the go-live. In our case, Upper management did not take action to create an environment for more successful projects in their organizations. Project management must be regarded as a company-wide project management competency designed to benefit the entire company (Kerzner, 2005). It also includes developing a corporate culture that is based upon effective organizational behavior and creating a well-developed project management methodology, accompanied by the proper supporting tools, which is vital to achieving organizational goals. Once the organization recognizes that project management is a core competency, the organization can convert this competency into a sustainable competitive advantage. The ultimate purpose is for the sustainable competitive advantage to become the pathway for a strategic competency that becomes a primary drive during strategic planning activities (Kerzner, 2005. As the project management strategy matures, the business value derived from each phase increases. Increased value subsequent to increase project portfolio leads to the alignment of project management and organizational strategy across the organization/enterprise. Keeping each phase of the project on track yields a successful project, which means managing the triple constraints and strict management of metrics (monitoring phase). The project goals then extend throughout the team to the suppliers, contractors, and stakeholders. The five phases of project management assists the organization in creating a strategic value chain that gives companies a competitive edge. References Kerzner, H. (2005). Using the Project Management Maturity Model: Strategic planning for project management (2nd ed. ). Hoboken, NJ: John Wiley and Sons, Inc. LaBrosse, M. (2008). Key principles of project management. Food Management, 43(5), 27-27. Retrieved from http://search. proquest. com/docview/215900222? ccountid=32521 Macek, W. (2010). Methodologies of project management. Wspolczesna Ekonomia, 4(4), 267. Retrieved from http://search. proquest. com/docview/1115291842? accountid=32521 Project Plan Execution – where you â€Å"walk the walk† as the Project Manager. (2009). Retrieved from URL Managerhttp://www. mastering-project-management. com/project-plan-execution. html Reynolds, D. (2009, May 13). Phases of project mana gement: Initiation. Bright Hub weblog. Retrieved from www. brighthub. com/office/project-management/articles/1672. aspx Reynolds, D. (2009, May 13). Phases of project management: Planning. Bright Hub weblog. Retrieved from www. brighthub. com/office/project-management/articles/1673. aspx Reynolds, D. (2009, July 28). Phases of project management: Execution. Bright Hub weblog. Retrieved from www. brighthub. com/office/project-management/articles/1674. aspx Reynolds, D. (2009, May 13). Phases of project management: Monitoring. Bright Hub weblog. Retrieved from www. brighthub. com/office/project-management/articles/1675. aspx Reynolds, D. (2009, May 13). Phases of project management: Closing. Bright Hub weblog. How to cite Five Phases of Project Management, Papers

Specialty Toys Inc Case Study - Quantitative Methods and solution

Question: Describe about the Quantitative Methods of Specialty Toys Inc? Answer: Introduction According to Armstrong and Hilton (2011) companies should adopt the maintenance of economic order quantity so that the companies can manage the inventory and maximize the profit through continuous review of the system. The report deals with the ascertainment of the economic order quantity of Weather Teddy which is a new range of product introduced by the Specialty Inc. Normal probability distribution of the sales forecast The Normal distribution curve Carlberg (2011) commented that normal distribution curve which is also known as the bell curve refers to the shape created when a line is plotted using the data points for an item that meets the criteria of normal distribution. The centre of the curve is the highest point containing the greatest value. The centre point is referred as the mean of the curve. The bell curve decreases on the either side of the centre thereby outlining the standard deviations of the curve. The standard deviation determines the height and the width of the bell. Calculation of the mean and standard deviation Mean = 20000 (Expected demand) So P (10k X 30k) = 0.95 By symmetry P (20k X 30k) = 0.475 P (0 Z 10k/ ) = 0.475 From normal tables, Z value corresponding to this 0.475 is 1.96 So 10000/ = 1.96 Or, 1.96 = 10000/ Or, Standard deviation is 10000/1.96 = 5102. 04 or approximated to 5102 In the above calculation it can be said that 95% of the normal distribution falls between 10000 and 30000 hence 47.5% falls between 20000 and 30000. From the normal distribution table the value of 47.5% can be determined as 1.96 (Standard deviation). Hence the required standard deviation is around 5102. The mean for the purpose of calculation is assumed to be the 20000 units which is the expected demand for the companys sell. Normal distribution curve Computation of probability of stock out for order quantities Stock out may be defined as the situation where the current market demand cannot be fulfilled by the company from the current inventory (Diday, 2013). The issue of stock out is a grave issue for the consumers. Since the stock out will hamper the demand of the customers. A stock out is when virtual inventory has been depleted and is no longer available from either the supplier or the retailer. The majority of the cases of stock out are seen in cases of retail companies. In the case of Specialty Inc the management depending upon the various suggested quantities tried to calculate the stock out probabilities for each quantity. The variation in the order quantities shows that being a retail company Specialty Inc has formulated the various ranges of order quantity so that the stock out risks can be managed. The profitability of stock out with an order of K units is P(X K) P (X K) = P (Z (K 20000) / 5102 Here Z is the standard normal The order quantities suggested by the management of Specialty Inc are namely 15000, 18000, 24000 and 28,000 Order ( K) (K 20000) / 5102 P ( X K) 15000 -0.98001 0.83 18000 -0.392 0.65 24000 0.784006 0.21 28000 1.568012 0.05 Computation of projected profits The projected profits are calculated based on the three different scenarios adopted by the management of the company (Sprinthall, 2012). The management of the company adopted the worst case scenario, the most likely scenario and the best scenario and with the help of the ordering quantities calculated the profit that the company will experience in each case. In the calculation of the same the company took into account two types of profit rates firstly the initial profit rate of $ 8 and secondly the surplus profit rate of $11 for the excess of the ordering quantity (Hardle and Simar, 2012). Projected profits for order quantity of 15000 The initially cost price is $ 16 and the initial selling price is $ 24 and after holiday the company will sell the surplus at $ 5 selling price. Profit initially = (24-16) = $ 8 Profit later = (16- 5) = $ 11 Worst case scenario (10000) Most likely case scenario (20000) Best case scenario (30000) (8*10000) - (11*5000) = 25000 (8 * 15000) = 120000 (8 * 15000) = 120000 Projected profits for order quantity of 18000 The initially cost price is $ 16 and the initial selling price is $ 24 and after holiday the company will sell the surplus at $ 5 selling price. Profit initially = (24-16) = $ 8 Profit later = (16- 5) = $ 11 Worst case scenario (10000) Most likely case scenario (20000) Best case scenario (30000) (8*10000) - (11*8000) = -8000 (8 * 18000) = 144000 (8 * 18000) = 144000 Projected profits for order quantity of 24000 The initially cost price is $ 16 and the initial selling price is $ 24 and after holiday the company will sell the surplus at $ 5 selling price. Profit initially = (24-16) = $ 8 Profit later = (16- 5) = $ 11 Worst case scenario (10000) Most likely case scenario (20000) Best case scenario (30000) (8*10000) - (11*14000) = -74000 (8 * 20000) ( 11 * 4000) = 116000 (8 * 24000) = 192000 Projected profits for order quantity of 28000 The initially cost price is $ 16 and the initial selling price is $ 24 and after holiday the company will sell the surplus at $ 5 selling price. Profit initially = (24-16) = $ 8 Profit later = (16- 5) = $ 11 Worst case scenario (10000) Most likely case scenario (20000) Best case scenario (30000) (8*10000) - (11*18000) = -118000 (8 * 20000) ( 11 * 8000) = 72000 (8 * 28000) = 224000 Computation of ordering quantities As per the management the ordering quantity which will meet 70% demand and has a probability of 30% stock out can be found as follows: P(X K) = 0.70 P (Z (K 20000) / 5102) = 0.70 Or, (K 20000) / 5102 = 0.5244 (As per the corresponding value of Z in normal distribution table) K = (20000 + 5102) * 0.5244 = 20000+2675 = 22675 (Economic order quantity) Objected profit under three diverse sales scenario Worst case scenario (10000) Most likely case scenario (20000) Best case scenario (30000) (8*10000) - (11*12675) = -59425 (8 * 20000) ( 11 * 2675) = 130575 (8 * 22675) = 181400 Recommendation The order quantity that the company should maintain should range between 20000 and 25000. The management had determined that with a order quantity of around 22675 the profitability of the company increases to 70% and the probability of stock out reduces to 30%. Moreover the most likely scenario considered by the company management is 20000. Hence keeping the order quantity between the range of 20000 and 25000 will neither put the company at risk of stock out nor keep excess amount of stock for the company. Moreover the company will also be able to maintain a steady amount of profit in this range of stock. The probability of stock out for the company under the option of most likely range of ordering quantity is also low that is .21 or 21%.Weather Teddy is a new addition to the existing product line of the toy company. Although the product is designed in an innovative manner in order to cater to the needs of the children in an informative as well as innovative manner. However since the product is a toy hence it is not possible to measure the demand graph of the product and it is not possible to judge the amount of ordering quantity in order to balance the situations of stock out. If the company adopts the best possible scenario and orders products ranging between 26000 and 30000 then if the product flops in the market then the company may get stuck with the high levels of inventory in the warehouse along with high levels of cost of production and inability to recover the variable costs. In that situation the company would have to sell the goods at reduced prices. Hence it is advisable to maintain a lower level of ordering quantity initially and after judging the demand level the company can effectively increase the amount of ordering quantity. Conclusion The report shows the overall findings in terms of profitability, mean, standard deviation, probability of stock out and also the ordering quantity and the expected profit at the different given scenarios. From the analysis it can be ascertained that the company should maintain a best possible scenario and should ideally make quantity orders ranging between 20000 and 25000 so that the company doesnt suffer any situation of stock out or any situation of over stocking of the goods. Hence from the report it can be ascertained that stock out is not a favorable situation for the company and hence it should be avoided. References list Armstrong, R. and Hilton, A. (2011).Statistical analysis in microbiology. Hoboken, NJ: Wiley-Blackwell Pub. Carlberg, C. (2011).Statistical analysis. Indianapolis, Ind.: Que. Clarke, B. (2013). Special Issue on Statistical Learning.Statistical Analy Data Mining, 6(4), pp.271-272. Diday, E. (2013). Principal component analysis for bar charts and metabins tables.Statistical Analy Data Mining, p.n/a-n/a. Hardle, W. and Simar, L. (2012).Applied multivariate statistical analysis. Berlin: Springer. Kobayashi, H., Mark, B. and Turin, W. (2012).Probability, random processes, and statistical analysis. Cambridge: Cambridge University Press. Noorossana, R., Saghaei, A. and Amiri, A. (2011).Statistical analysis of profile monitoring. Hoboken, N.J.: Wiley. Sprinthall, R. (2012).Basic statistical analysis. Boston: Pearson Allyn Bacon.