A

Study of

“Insurance Industry”

Of IndiaSubject: Macro Economics

End-Sem Project (Batch:2014-’16)

Date: 11th March 11, 2015

Submitted to: Submitted By:

Prof. Vivek Raina 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

In this project we are going to study the “cashew processing unit”. How cashew nuts are manufactured. Let’s understand its transformation process in detail.

Its start with inputs. Their basic raw material is cashew nuts only which they buying from Nigeria and South Africa.

Inputs

(Raw material: cashew nuts)

Samples

Boil cashew in boiler

Cutting machine

Scooping machine transformation process

Oven (600 minutes)

Filling machine

Greeding machine

Cashew nuts (output)

Process Design:

The transformation process is used to convert inputs into desired outputs. The process can be various types as follow:

i) Continuous processii) Semi-continuousiii) Intermittent process

1) Batch process2) Job shop

iv) Project

For cashew nuts they are using continuous process.

Green operation management:

Yes, their plant is polluting the environment as they are using boiler that is of 300 kg, it pollutes the environment.

But for using such machines it’s important to have “food license” which has been issued by government. They have issued that.

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.

Which type of business grand strategies they use?

They are using JOINT VENTURE. They are two partners who running this factory.

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) 420 hotels

ii) Bliss hotelsiii) Royal hoteliv) Maharaja shop

And they are proving different number of cashews like, 400# , 320# , 240# ,210# ,180# .

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.

Type of inventory management:

For cashew they use EOQ EITH SAFETY STOCK. As they stock the cashew in summer at lowest cost.

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:

For manage uncertainty of demand as we have seen that they are carrying safety stock and it’s the seasonal product in winter they

having the highest demand so they forecast it as per their experience.

Quantity discount:

In cashew they don’t get any type of discount.