Académique Documents
Professionnel Documents
Culture Documents
Study of
Insurance Industry
Of India
Subject: Macro Economics
Submitted to:
Prof. Vivek Raina
Submitted By:
Pooja Gandhi(G.R:258)
Dipa Nasare(G.R:239)
Transformation process:
Every organization, be it a product or service organization,
transforms certain inputs in to outputs.
Inputs
Transformation process
Output
Inputs
(Raw material: cashew nuts)
Samples
Boil cashew in boiler
Cutting machine
Scooping machine
Oven (600 minutes)
Filling machine
Greeding machine
transformation process
Process Design:
The transformation process is used to convert inputs into desired
outputs. The process can be various types as follow:
i)
ii)
iii)
iv)
Continuous process
Semi-continuous
Intermittent process
1) Batch process
2) Job shop
Project
Recycling:
Recycling based on the premises that the recourses required to
produce a product from scratch would be much more compared to
recycling the product.
The wastage of cashew is being used to make OIL PAINT , so it is
so much important so they are selling the wastage.
Automation:
Automation means replacing human labour with machines. It can
be range from partial to full.
For this they are using partial automation. Because they are
having the machines for half of the work and half of the work they
are doing manually with the help of labours.
Centralized or Decentralized:
They are using joint venture but their factory is fully centralized
because only one person is handling this whole factory. Authority
is in one persons hand only.
Quality of product:
They are providing quality of product to the customers. They are
having numbers of cashew and as per the requirements they are
providing that to their suppliers.
Their main suppliers are:
i)
ii)
iii)
iv)
420 hotels
Bliss hotels
Royal hotel
Maharaja shop
Inventory management:
They have told us that in summer demand of cashew are very
less so in summer they fill their stock so they can charge more in
winter. Like this they are doing their inventory management.
Safety stock:
Safety stock is the protection against the possibility of a stockout.
Yes, for cashew they are carrying safety stock of 1 tons.
Uncertainty of demand:
Quantity discount:
In cashew they dont get any type of discount.