A PROJECT REPORT ON INVENTORY MANAGEMENT AT

DECLARATION
I, hereby declare that the project entitled "Inventory Management at BIG BAZAAR" has been personally done by me under the guidance of Prof.____________________________ in partial fulfillment of Under Graduation Program___________________ during academic year__________. All the data represented in this project is true & correct to the best of my knowledge & belief. This work has not been submitted for any other degree /diploma exam elsewhere.

(_____________) DATE: Signature

ACKNOWLEDGEMENT
A Project usually falls short of its expectation unless guided by the right person at the right time. Success of a project is an outcome of sincere efforts, channeled in the right direction, efficient supervision and the most valuable professional guidance. This project would not have been completed without the direct and indirect help and guidance of such luminaries. They provide me with the necessary recourses and atmosphere conductive tor healthy learning and training. At the outset I would like to take this opportunity to gratefully acknowledge the very kind and patient guidance I have received from my project guide Mr.___________________________ Without his critical evaluation and suggestion at every stage of the project, this report could not have reached its present form. In addition, my internal guide Prof____________________ has critically evaluated my each step in developing this project report. I would like to extend my gratitude towards Director, for her technical and moral support required for the realization of this project report. Lastly, I would like to thank all the members of BIG BAZAAR and my colleagues who gave me fruitful information to finish my project.

PREFACE
Internship is a business organization in fuse among student a sense of critical analysis of the real managerial situation to which they are exposed. This gins them an opportunity to apply their conceptual theoretical & imaginative skills in a real life situations and to evaluate the results there of. BIG BAZAAR is a name renowned name in Retail. BIG BAZAAR is now a brand image in private retail sector. While my one month project, I was at BIG BAZAAR to find potential of BIG BAZAAR on the presence of other retail Stores. Practical training through experts of BIG BAZAAR gave me actual input to fulfill my real aim. This report is the written account of what I learnt experienced during my training. I wish those going through it will not only find it real but also get useful information
.

EXECUTIVE SUMMARY
Title of the project
INVENTORY MANAGEMENT AT BIG BAZAAR

Objectives behind this project

To understand the organization structure or hierarchy of the company.

To understand the working of the various departments. To enable us to gain an insight into the corporate world.
To understand the various responsibilities and duties

carried out by each department.

The study is aimed at understanding bow an

organization practically works in the real situation.

INTRODUCTION

1.1 Background of the study

Organization is set of people working together for accomplishment of a common objective. The roles and responsibilities are stated clearly without any ambiguity. The positions occupied by different individuals are presented in the form of organization chart. Organizational structure is essential for continuity of the mission & coordinates & controls the business activities. Organization helps management to perform its actives effectively, optimum use of technological improvement growth & diversification, creatively, effective use of physical resources & HR.

1.2 Need for the study

This study is taken up to fulfill the requirement of M.B.A degree course of Bangalore University. The training is undertaken during July 2009 to August 2009 and the main purpose of the training is to know the application of the theoretical aspects in our course in the corporate environment and gain firsthand corporate experience policies, and ethics, expose ourselves to

culture,

practices,

procedures, facts about the work culture and policies of the company.

1.3 SCOPE OF THE STUDY

This report is based on the study conducted at Big Bazaar, Bangalore. It aims at understanding the company's establishment. Organization structure, departments, techniques, marketing Strategies and the advantages it is having over the competitors. An attempt to analyze the company performance in comparison to theoretical aspect.

It aims to understand the skills of the company in the areas like technological advancements, competition and in management.

1.4 Limitations of the study

Time limit is a major constraint. As per the company rules many information was not disclosed. As the managers are busy in their daily schedules it is not possible for us to spend more time in interaction and discussion with them.

1.5 Methodology adopted for the study

Observing the working of various departments like finance, safety, human resource, production, purchasing etc.

Discussion with the company executives, managers and employees.

Visiting and surfing websites of the company.

1.7 Sources of Data

Primary Data Secondary Data

Primary Data
The data collected for the first time through observation and interview method. The data is collected by observing the working of various departments and also by interviewing the managers of all the departments. It is also obtained by the help of staff members.

Secondary Data
The data is collected by secondary sources also. The data is collected through company manual, product brochure, company website and annual report.

INDUSTRY PROFILE
Retail is India's largest industry, accounting for over 10 percent of the country's GDP and around 8 percent of the employment. Retail industry in India is at the crossroads. It has emerged as one of the most dynamic and fast paced industries with several players entering the market. But because of the heavy initial investments required, break even is difficult to achieve and many of these players have not tasted success so far. However the future is promising; the market is growing, government policies are becoming more favorable and emerging technologies are facilitating operations. Retailing in India is gradually inching its way toward becoming the next boom industry. The whole concept of shopping has altered in terms of format and consumer buying behavior, ushering in a revolution in shopping in

India. Modern retail has entered India as seen in sprawling shopping centers. Multi-storeyed malls and

huge complexes offer shopping, entertainment and food all under one roof. The Indian retailing sector is at an inflexion point where the growth of organized retailing and growth in the consumption by the Indian population is going to take a higher growth trajectory. The Indian population is witnessing a significant change in its demographics. A large young working population with average age of 24 years, nuclear families in urban areas, along with increasing working-women population and emerging opportunities in the services sector are going to be the key growth drivers of the organized retail sector in India.

Some key facts

Retail is India's largest industry accounting for over 10 percent of the country's GDP and around 8 percent of the employment

 The market size of Indian retail industry is about US $312 billion.

Indias Consumption Cosmos

India's Consumption Cosmos During the past decade, Private Final Consumption Expenditure has been the key driver of economic growth in India.

The $350 Billion Consumption spending provides the single biggest business opportunity in India and is divided into some key categories led by food, fashion and home products.

COMPANY PROFILE

Mr. Kishore Biyani

CEO, Future Group

Pantaloon Retail (India) Limited is India's leading retailer that operates multiple retail formats in

both the value and lifestyle segment of the Indian consumer market. Headquartered in Mumbai, the company operates over 12 million square feet of retail space, has over 1000 stores across 71 cities in India and employs over 35,000 people. The company's leading formats include Pantaloons, a chain of fashion outlets, Big Bazaar, a uniquely Indian hypermarket chain, Food Bazaar, a supermarket chain, blends the look, touch and feel of Indian bazaars with aspects of modern retail like choice, convenience and quality and Central, a chain of seamless destination malls. Some of its other formats include Depot, Shoe Factory, Brand Factory, Blue Sky, Fashion Station, Mobile Bazaar and Star Sitara (Beauty clinic). The company also operates an online portal, Futurebazaar.com. A subsidiary company, Home Solutions Retail (India) Limited, operates Home Town, a large-

format home solutions store, selling home furniture products and E-Zone focused on catering to the consumer electronics segment. Pantaloon Retail was awarded the 'International Retailer' of the Year 2007, by the US-based National Retail Federation, the largest retail trade association and the 'Emerging Market Retailer' of the Year 2007 at the World Retail Congress in Barcelona.

Pantaloon Retail is the flagship company of Future Group, a business group catering to the entire Indian consumption space. The group's subsidiary companies include, Home Solutions Retail India Ltd, Pantaloon Industries Ltd, Galaxy Entertainment and Indus League Clothing.

CORPORATE GOVERNANCE REPORT

Corporate Governance indicates transparency, accountability and reliability on any organization. One of the core missions of the organization is to achieve excellence in all spheres, be it profitability, growth in market share, superior quality of products and services to the satisfaction of the stakeholders through an efficient and effective code of governance. We aim at providing fairness, clarity and transparency in all our dealings and increasing the value of all stakeholders of the Company.

FUTURE GROUP

Future Group, led by its founder and Group CEO, Mr. Kishore Biyani, is one of India's leading business houses with multiple businesses spanning across the consumption space. While retail forms the core business activity of Future Group, group subsidiaries are present in consumer finance, capital, insurance, leisure and entertainment, brand development, retail real estate development, retail media and logistics. Led by its flagship enterprise, Pantaloon Retail, the group operates over 12 million square feet of retail space in 71 cities and towns and 65 rural locations across India. Headquartered in Mumbai (Bombay), Pantaloon Retail

employs around 35,000 people and is listed on the Indian stock exchanges. The company follows a multi-format retail strategy that captures almost the entire consumption basket of Indian customers. In the lifestyle segment, the group operates Pantaloons, a fashion retail chain and Central, a chain of seamless malls. In the value segment, its marquee brand, Big Bazaar is a hypermarket format that combines the look, touch and feel of Indian bazaars with the choice and convenience of modern retail. In 2008, Big Bazaar opened its 100th store, marking the fastest ever organic expansion of a hypermarket. The first set of Big Bazaar stores opened in 2001 in Kolkata, Hyderabad and Bangalore. The group's speciality retail formats include, books and music chain. Depot, sportswear retailer, Planet Sports, electronics retailer, Ezone, home improvement chain, Home Town and rural retail chain. Aadhar, among others. It also operates popular shopping portal, futurebazaar.com. Future Capital Holdings, the group's financial arm provides investment advisory to assets worth over SI billion that are being invested in consumer brands and

companies, real estate, hotels and logistics. It also operates a consumer finance arm with branches in 150 locations. Other group companies include, Future Generali, the group's insurance venture in partnership with Italy's Generali Group, Future Brands, a brand development and IPR company, Future Logistics, providing logistics and distribution solutions to group companies and business partners and Future Media, a retail media initiative. The group's presence in Leisure & Entertainment segment is led through. Mumbai-based listed company Galaxy Entertainment Limited. Galaxy leading leisure chains, Sports Bar and Bowling Co. and family entertainment centres, F123. Through its partner company, Blue Foods the group operates around 100 restaurants and food courts through brands like Bombay Blues, Spaghetti Kitchen, Noodle Bar, The Spoon, Copper Chimney and Gelato. Future Group's joint venture partners include, US-based stationery products retailer, Staples and Middle Eastbased Axiom Communications.

Future Group believes in developing strong insights on Indian consumers and building businesses based on Indian ideas, as espoused in the group's core value of 'Indianness The group's corporate credo is, 'Rewrite rules, Retain values.'