Analytical Study of Inventory Management in Punjab State Electricity ...
Analytical Study of Inventory Management in Punjab State Electricity ...
Analytical Study of Inventory Management in Punjab State Electricity ...
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Abstract <strong>of</strong> Doctoral Dissertations 415<br />
Economic Order Quantity: - (EOQ) The CPO is procur<strong>in</strong>g items worth<br />
Rs. 100 crores every year. The employees <strong>of</strong> the CPO are procur<strong>in</strong>g these<br />
items on the basis <strong>of</strong> their past experience. EOQ <strong>of</strong> 25 major items, have<br />
been calculated. Order cost per order calculated is com<strong>in</strong>g Rs. 8,900.00 and<br />
carry<strong>in</strong>g cost is 34.6%. Total <strong>in</strong>ventory cost <strong>of</strong> 25 major items <strong>of</strong> COS is<br />
com<strong>in</strong>g Rs. 1,00,94,000.00 (approx) by apply<strong>in</strong>g EOQ technique. Whereas<br />
total <strong>in</strong>ventory cost as per PSEB’s purchase procedure for 25 major items,<br />
is com<strong>in</strong>g Rs. 5,36,53,00.00 (approx). There will be sav<strong>in</strong>g <strong>of</strong> more than Rs.<br />
4 ‘Crores’ <strong>in</strong> a year if items are purchased through EOQ system.<br />
Efforts are made to classify store items <strong>in</strong>to A,B. & C category. it was<br />
analysed that only few items are com<strong>in</strong>g under A & B category. 14 items out<br />
<strong>of</strong> 1374 are <strong>in</strong> A category, 56 are <strong>in</strong> B category. So strict policies can be<br />
developed and implemented for controll<strong>in</strong>g A & B category <strong>of</strong> items.<br />
In the study, different policies are developed for A,B & C category <strong>of</strong><br />
items respectively so that the store items can be controlled properly.<br />
The sixth chapter is named as ‘<strong>Inventory</strong> <strong>Management</strong> <strong>in</strong> Thermal Power<br />
Plant’ <strong>in</strong> the study. Ropar Thermal Power Plant is covered under the study.<br />
This chapter has started with some salient features <strong>of</strong> RTP, Ropar. Then the<br />
organisation structure <strong>of</strong> entire plant has been expla<strong>in</strong>ed. After that, procurement<br />
system used <strong>in</strong> the RTP was studied. Store <strong>of</strong> RTP, Ropar were visited and<br />
store activities were analysed, <strong>in</strong> which, activities performed <strong>in</strong> stores, material<br />
handl<strong>in</strong>g systems followed and store control techniques used <strong>in</strong> the stores<br />
were discussed.<br />
As we know coal and oils are the ma<strong>in</strong> <strong>in</strong>puts <strong>of</strong> the Thermal power<br />
plants. So details regard<strong>in</strong>g procurement, ma<strong>in</strong>tenance, issue and handl<strong>in</strong>g <strong>of</strong><br />
coal and oils <strong>in</strong> the RTP has been written. Various records prepared by the<br />
RTP relat<strong>in</strong>g to these <strong>in</strong>puts has also been mentioned <strong>in</strong> the chapter. Different<br />
problems faced by the RTP relat<strong>in</strong>g to coal have been highlighted.<br />
Chapter seventh concludes our study. This chapter <strong>in</strong>tegrates the f<strong>in</strong>d<strong>in</strong>g<br />
and recommendations <strong>of</strong> the study.