Sami Intrim Report

Interim Report On

A STUDY ON THE NEW INVENTERY MODEL FOR A MAINTANENCE ORGANISATION

Submitted By K.SAMINATHAN 8NBPO031

Submitted To Ms.MALLESWARI Faculty Guide ASIM, Bangalore

CONTENT CHAPTER-1

 Introduction  Objectives of the study  Description of the Study  Limitations of the study  Research Design ► CONVENTIONAL INVENTORY MODEL  Source of data

CHAPTER-2  Introduction Hospitality

 Industry profile

CHAPTER-3 

Company profile

CHAPTER-4  Analysis and Interpretation

CHAPTER-5  Review of literature  Bibliography

Introduction: In our daily life, we observe that a small retailer knows roughly the demand of his customers in a month or week, and accordingly places orders on the wholesaler to meet the demand of his customers. But this is not the case with a manager of a big departmental store or a big retailer, because the stocking in such cases depends upon various factors, such as demand, Time required between order and actual receipts etc. So the real problem is to have a compromise between overstocking and under stocking. The study of such type of problems is part of the field of Material management or “Inventory control” In broad sense, inventory may be defined as the stock of goods, commodities, maintenance spares or other economic resources that are stored or reserved in order to ensure smooth and efficient running of business affairs including maintenance of assets. We will now focus on inventory of spare parts required for running a preventing maintenance organization efficiently and effectively.

Objectives of the study 1. To know about the Inventory methods following in the maintenance

organization(With the special reference of the Hotel - ATRIA) 2.

To apply the Conventional inventory model to calculate the inventory in the hotel ATRIA

3. To calculate the Expected consumption(e), Utilization co efficient(u),

Consumption Ratio(r), Revised Annual procurement (RAP) Maintenance co efficient(m) by using THE CONVENTIONAL INVENTORY MODEL

Description of the Study In the following, We are going to develop a new inventory model for preventive maintenance organizations (Hotel THE ATRIA) stocking things, such as soaps, cloths, shaving kit, etc..

Limitations of the study ► It is not suitable for maintenance organizations, which required a verity of spare parts for keeping the plant, Machinery and equipment in good condition. ► In maintenance activities, certain parts require renewal either periodically or urgently depending upon certain situations/contingencies.

Research Design CONVENTIONAL INVENTORY MODEL: A well-known inventory model is the concept of Economic ordering quantity. The concept is that management is confronted with a set of opposing cost as the lot size (q) increases; the carrying charges (c1) will increases while the ordering costs (c3) will decrease. On the other hand, as the lot size (q) decreases; ordering costs (c3) will increase. The Economic Order Quantity (EOQ), which is the optimal order quantity, is

Optimal q (EOQ) =

[2C3R1/2]/C1

Where, R is the uniform demand rate, C1 is inventory carrying charge. C3 is ordering cost

Sources Of Data Only secondary data is being used. Secondary data is collected through:  Internet  Books  House keeping Dept of ATRIA

Chapter-II

Introduction Hospitality

Hospitality is meant for serving others. A life lived only for one-self is no meaningful life. Nothing but care, concern, cooperation, and consideration for others ’ well being, comfort, pleasure, and prosperity, make the whole world inter-related and lively. There is a kind of satisfaction in catering to the wishes and needs of others, which the people of the hospitality sector can only feel and experience. Our hospitality organization has a large number of solicitous professionals and personnel of various fields of the hospitality sector, ready to help and serve the candidates by fulfilling their recruitment requirements, in India and abroad. s Successful candidates can look forward to bright careers in the hospitality sector as management trainees in hotels and allied industry, guest/customer relation executives in hotel and other service sectors, kitchen management/house keeping management trainees in hotels, cabin crew in national and international airlines, catering officer or chef in cruise liners, marketing/sales executives in hotels and as self-employed entrepreneurs, and so on. The service sector covers a wide range of industries that provide services to individuals, businesses and governments. You've almost certainly

used many of the services they offer, although you may not be in the habit of thinking of the establishments where you purchase them as being part of a specific industry. People who have jobs in the service sector may be selling real estate, providing financial services, or working in a store or restaurant. Some work in industries with close ties to goods production, providing services such as transportation, wholesaling, retailing and insurance to manufacturers who must move their products from the factory gate to markets where they can be bought and sold. Although these industries owe some of their business to the goods sector, they're not completely dependent on it. For example, the railway system is primarily used to move cargo, but it also transports people who are traveling for pleasure. Truck companies carry freight, but may also move household goods. And airlines ship a lot of cargo, but derive the bulk of their revenues from passenger traffic. Real estate, financial, legal, accounting, and other services are used by both businesses and individuals. Garages fix cars for individuals, but also provide maintenance services to taxi companies, ambulance and police services. And the list goes on.

Industry profile Over the last decade and half the mad rush to India for business opportunities has intensified and elevated room rates and occupancy levels in India. Even budget hotels are charging USD 250 per day. The successful growth story of 'Hotel Industry in India' seconds only to China in Asia Pacific.

'Hotels in India' have supply of 110,000 rooms. According to the tourism ministry, 4.4 million tourists visited India last year and at current trend, demand will soar to 10 million in 2010 – to accommodate 350 million

domestic travelers. 'Hotels in India' has a shortage of 150,000 rooms fueling hotel room rates across India. With tremendous pull of opportunity, India is a destination for hotel chains looking for growth. The World Travel and Tourism Council, India, data says, India ranks 18th in business travel and will be among the top 5 in this decade. Sources estimate, demand is going to exceed supply by at least 100% over the next 2 years. Five-star hotels in metro cities allot same room, more than once a day to different guests, receiving almost 24-hour rates from both guests against 6-8 hours usage. With demand-supply disparity, 'Hotel India' room rates are most likely to rise 25% annually and occupancy to rise by 80%, over the next two years. 'Hotel Industry in India' is eroding its competitiveness as a cost effective destination. However, the rating on the 'Indian Hotels' is bullish. 'India Hotel Industry' is adding about 60,000 quality rooms, currently in different stages of planning and development and should be ready by 2012. MNC Hotel Industry giants are flocking India and forging Joint Ventures to earn their share of pie in the race. Government has approved 300 hotel projects, nearly half of which are in the luxury range. Sources said, the manpower requirements of the hotel industry will increase from 7 million in 2002 to 15 million by 2010. With the USD 23 billion software services sector pushing the Indian economy skywards, more and more IT professionals are flocking to Indian metro cities. 'Hotel Industry in India' is set to grow at 15% a year. This figure will skyrocket in 2010, when Delhi hosts the Commonwealth Games. Already, more than 50 international budget hotel chains are moving into India to stake their turf. Therefore, with opportunities galore the future 'Scenario of Indian Hotel Industry' looks rosy.

Hotels are amongst the most visible and important aspects of a country's infrastructure. Hotel industry is a closely linked one to the tourism industry. A number of factors like promotion of tourism and rapid industrial

progress have given a boost to hoteliering. The recent liberalization of trade and opening up of economy will further lead to revolutionary growth in this sector. With increasing globalization, career opportunities in this field are not only limited within the country but there are chains of hotels which operate internationally providing scope of a career abroad. It is a glamorous profession which has a bright future. With the growth of hotel industry propelled by foreign and domestic tourism and business travel, the demand for well trained quality personnel too has grown impressively. The diversity of experience in hotel management is greater than in any other profession. Hotel industry involves combination of various skills like management, food and beverage service, housekeeping, front office operation, sales and marketing, accounting. Today, the rise in corporate activity (leading to greater number of business trips) as well as the wish to travel on holiday has made the hotel industry a very competitive one.

Chapter III

Company profile

Hotel ATRIA, a business class hotel commenced operations in 1993. We are members of FHRAI. The hotel is strategically located in the heart of the city on Palace Road. It is easily accessible to MG Road-the corporate hub of Bangalore which is just 5 Kms away. It is also accessible from the airport in 45 minutes and less than 10 minutes from the city Railway station. Hotel ATRIA offers high standards of hospitality at par with any international 5 star hotels, at an affordable price. Hotel Atria is known for its luxurious accommodation and comprehensive banquet facility. The restaurants have gained a reputation through the years and are very popular locally. The Hotel is also equipped with all other facilities for a businessman and a holiday traveler. A Sprawling split-level atrium lobby surrounded by 168 centrally airconditioned rooms, suites and theme suites and two scenic elevators to take you up. We have totally renovated 85 rooms named as lifestyle rooms, which have contemporary design and interiors to meet present day business needs and life style.

The Atria Hotel, a business class hotel offers high standards of hospitality at par with any international 5 star hotels at an affordable price. "The Dedicated team at Hotel Atria will strive to provide quality services to the guests at value for money in a comfortable ambience, consistently, to delight all guests every time." The Atria Hotel Bangalore offers a total of 168 well appointed guest rooms. Choose from the various types of rooms on offer. There are 28 standard king leisure rooms, 48 standard twin bedded rooms, 36 lifestyle king leisure rooms, 48 lifestyle twin bedded rooms and 8 suites. The comfortable and spacious rooms are appointed with the following facilities The following facilities: • • • • • • • • • •

Central Air conditioner Well Stocked Mini Bar Mirrors Direct Dial Telephone Wireless Internet Service Coffee Maker Hair Drier Electronic Safe Complimentary newspapers Seasonal cut fruits on request

Dining in the Atria Hotel The Atria Hotel is the ideal place if you want to taste some gastronomical delights. A coffee shop called 1498AD offers buffet dining facilities. Delectable Andhra and coastal delicacies are served here during dinner. For elaborate and exotic Szechuan and Cantonese dishes try out the Silk Winds. You can relish other oriental delicacies as well as this out of the world restaurant. Tijori serves signature Indian dishes. Visit the well stocked Aqua Bar to sip in to those refreshing drinks. Business and Conference facilities at The Atria Hotel

There are six banquet halls to suit the purpose of the business guests. The halls are spacious enough to hold up to 500 people at a time. The conference rooms are properly equipped with all facilities.

Key people Mr. P.K.Nair

General Manager

Mr. Rajendrudu

Financial Controller

Mr. Anantha Padmanabha

Chief Engineer

Mrs. Jayashree

Executive House Keeper

Mr. Kasi Viswanathan

Executive Chef

Mr. Vivek Kumar Thakur

F & B Manager

Mr. Vishal K S

Front Office Manager

Bibliography:

1. S>D

Sharma,

“operations

Research”

–Published

by

Kedarnath

Ramnath & co., Meerut (1998-99) unit-4, chapter 2 (Deterministic Inventory Models) 2. Seminar on Inventory models by Sri N.V. Ramana Murthy.

Wed Sites www.google.co.in www.atriacom