Textile inventory work-vb.net

ABSTARCT :

Inventory constitutes a major component of working capital. To a large extent, the success and failure of a business depends upon its inventory management performance. The basic objective of inventory management is to optimize the size of inventory in a firm so that smooth performance of production and sales function may be possible at minimum cost. Galloping inventories in recent years, the credit squeeze and the resultant general paucity of funds have attracted the attention of planning elite on this crucial problem of inventories. Mismanagement of inventories and absence of control systems have resulted in deplorable performance for some of the industries in developing economies. Though, an abundance of literature, methods, models and computer analysis have evolved from time to time and are highly availed of in the realms of industrial settings with greater pay-off of quality, precision and non-blockade of working capital. The paper is aimed to study how inventories in textile sector are managed across the globe. An attempt will be made to summarize and present the theories, techniques and important concepts of inventory management especially in textile sector. As Textile industries have been playing an important role for the socio-economic development of any country. The paper will attempt to unravel the research findings on management of Inventories in textile industry across the world. Studying inventory management becomes all the more important in view of the fact that it is the largest employer with a total workforce of 35 million. Moreover, the share of textiles in total exports was 11.04 % during 2010. India is the world’s 2nd largest producer of textiles and garments after China.

EXISTING SYSTEM :

? In the derived class, we can either use the existing code of the base class or override the existing code. ? The implementation stage involves careful planning, investigation of the existing system and its constraints on implementation, designing of methods to achieve changeover and evaluation of changeover methods. ? The application is simultaneously accessed from more than one system. Simultaneous login from more than one place is tested. ? Our automated solutions include rapid, touch-free deployments, ongoing software upgrades, fixes and security patches, technology asset inventory and tracking, software license optimization, application self-healing and policy management.

DISADVANTAGE :

? It is also known as optimum or standard order quality or EOQ offers solutions to inventory problems. ? However, no safety stocks would be required, if lead time is zero, as replenishment of the stock can be done immediately without any problem. ? Each item should be studied in terms of its price, usage and lead time as well as specific procurement or technical problems. ? .The solution of the inventory problem is to find the approximate levels for holding inventories and the ordinary sequence and the quantities so that the total cost incurred is minimized.

PROPOSED SYSTEM :

• It is proposed to cover Master Weavers, Self Help Groups and others so that the full benefits of schemes percolate to the maximum possible number of beneficiaries. • The scheme for modernized worksheds is proposed with certain changes in the existing Group Workshed Scheme with a view to enlarge its scope and facilitate access. • It is proposed to set state wise targets under the scheme to remove regional imbalances and create of new weaving clusters. • It is proposed to upgrade the existing CAD centres and set up new CAD Centres in the Public Private Partnership (PPP) mode. A provision of Rs.4.5 crore is proposed for the upgradation of existing centres and the creation of new CAD centres.

ADVANTAGE :

? If inventories are managed in an inefficient manner, it is likely to result in delays in production, dissatisfied customers, or curtailment of working capital. ? Efficiency of working capital management is reflected by three variables, cash conversion efficiency, days operating cycle and days of working capital. ? The most obvious cost is the storage cost, which includes rent for storage facilities. Salaries and personnel and related storage expenses are involved in it Storage cost, however vary with the type of material stored, type of storage facilities used and so on. ? There is such a diverse product and application range of textiles, the type of processing used is highly variable and depends on site-specific manufacturing practices.