Research Papers for Working Capital at Ril

A PROJECT REPORT

ON

WORKING CAPITAL MANAGEMENT

AT

RELIANCE INDUSTRIES LIMITED “VMD”

A Summer Project Report Submitted in Partial Fulfilment of award of MBA Degree

Project Guide

Prof. PRAKSH CHAWLA

Submitted by

ILAS KHAIRNAR

Roll No: 38

S.K. PATEL INSTITUTE OF MANAGEMENT & COMPUTER STUDIES

GANDHINAGAR, INDIA

JULY 2010

INDEX

Sr. No. | Subject | Page No. |

1 | Company Profile | 1 |

2 | Organization Hierarchy | 8 |

3 | Introduction to Purchase and Stores Department | 18 |

4 | Purchase Procedure | 20 |

5 | Purchase to issue cycle | 21 |

6 | PR Creation and PO Creation | 24 |

7 | Types of Stores and Stores Cycle | 25 |

8 | Purchase order terms and Payment terms | 28 |

9 | Quality Assurance Department | 31 |

10 | Inventory Management | 33 |

11 | Process Flow | 41 |

12 | Techniques of Inventory Management | 42 |

13 | SWOT Analysis of RIL | 58 |

14 | Findings and Recommendations | 59 |

15 | Bibliography | 60 |

Company Profile –Reliance industries Limited

HISTORY

Indian Petrochemicals Corporation Limited (IPCL), a Company under the Companies Act with Registered Office at Jawaharnagar (near Vadodara) in Gujarat was registered on March 22, 1969. It was assigned the responsibility of setting up two upstream mother units and two downstream units near an established public sector refinery, Gujarat Refinery of Indian Oil Corporation on the outskirts of Vadodara in Gujarat. The first board meeting of the board of directors of the company was held on March 26, 1969 at New Delhi. The private sector entrepreneurs who were initially allocated six down stream units during that period were reluctant to invest in this industry. The industry was highly capital intensive, involved handling and processing of hazardous material, involved development of nascent markets and managing...