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A STUDY ON INTERNSHIP TRAINING SAGAR LOGISTICS LIMITED Submitted in the partial fulfilment of the requirement of the award of the degree of MASTER OF INTERNATIONAL ORGANIZATION By SIDHARTH THOMAS REG NO: 11MIB111 2011-2013 COLLEGE OF COMMERCE AND INTERCONTINENTAL BUSINESS Doctor G. 3rd there’s r.
DAMODARAN SCHOOL OF SCIENCE (Autonomous) Associated to Bharathiar University and Re certified with ‘A’ grade simply by NAAC, An ISO 9001: 2000 Authorized Institution Detrimental Aerodrome Post, Avinashi Road, Coimbatore- 641 014. COLLEGE OF TRADE AND INTERCONTINENTAL BUSINESS Dr . G. 3rd there’s r.
DAMODARAN SCHOOL OF SCIENTIFIC RESEARCH (Autonomous) Linked to Bharathiar University and Re licensed with ‘A’ grade simply by NAAC, An ISO 9001: 2000 Qualified Institution Detrimental Aerodrome Content, Avinashi Road, Coimbatore- 641 014 QUALIFICATION This is to certify that the internship statement on GENERAL STUDY UPON LOGISTICS is known as a bonafide record of work made by SIDHARTH THOMAS REG ZERO: 11MIB111, in partial fulfilment of the requirement for the award of the level of MASTER OF INTERNATIONAL BUSINESS COURSE REPRESENTATIVE Submitted for Viva-Voce Examination held on INTERNAL REVIEWER, EVALUATOR EXTERNAL EVALUATOR DECLARATION
I hereby file that the internships report on “A GENERAL STUDY UPON LOGISTICS CARRIED OUT AT SAGAR LOGISTICS submitted in the partially fulfilment in the requirements to get the award of the degree of MASTER OF INTERNATIONAL BUSINESS is the unique work carried out by me. It is not necessarily formed as a part of any other job work posted for being any level or diploma or degree, either for this or to some other university. SIDHARTH THOMAS REG NO: 11MIB111 ACKNOWLEDGEMENT My spouse and i express my own sincere due to DR . T. K. RAMACHANDRAN, Director, G. R. G SCHOOL OF COMMERCE AND INTERNATIONAL BUSINESS, for rendering me this opportunity to consider up this kind of internship teaching.
I wish to communicate my profound sense of gratitude to Mr. AS OPPOSED TO PRADEEP, CHIEF EXECUTIVE OFFICER of SAGAR LOGISTICS PVT LIMITED, pertaining to his kind acceptance of training request in the company. The gratitude goes by to all the trainers ofSAGAR LOGISTICS PVT. LTD, who have gave me support and teaching during my internship training in the organization. I likewise express my own sincere as a result of Mr. S. MOORTHY who guided me personally throughout my report. I extend my personal sincere as a result of all my family for being extremely supportive during my training period. SIDHARTH JONES TABLE OF CONTENT S i9000. NO| CHAPTER| NAME| PAGENO| 1 . | I | 1 .
INTRODUCTION TO INTERNATIONAL BUSINESS2. INTRODUCTION TO THE INDUSTRY3. OBJECTIVES4. ROLE WHILE AN INTERN| 6-891011| installment payments on your | II| 1 . BUSINESS PROFILE2. EYE-SIGHT AND MISSION3. PRODUCT PROFILE/ SERVICE PROFILE| 111212-20| three or more. | III| 1 . DEPARTMENT ACTIVITIES| 20-26| 4. | IV| 1 . OUTCOME WITH THE INTERNSHIP2. CONCLUSION| 2728| Introduction to international organization International organization is a term used to collectively describe all commercial transactions (private and governmental, sales, purchases, logistics, and transportation) that take place between two or more parts, countries and nations beyond their personal boundary.
Generally, private corporations undertake this sort of transactions pertaining to profit, government authorities undertake them for earnings and for personal reasons. 1 It refers to all those organization activities which usually involve combination border deals of goods, companies, resources between two or more countries. Transaction of economic resources include capital, skills, persons etc . for international development of physical goods and services such as finance, financial, insurance, structure etc . a couple of International organization involves commercial activities that cross countrywide frontiers.
That concerns the international motion of goods, capital, services, employees and technology, importing and exporting, mix border orders in perceptive property by way of licensing and franchising, purchases of physical and financial resources in overseas countries, contract manufacture or perhaps assembly of goods abroad intended for local sale or pertaining to export to other nations around the world, buying and selling in foreign countries, the organization of international warehousing and distribution devices, and the transfer to one overseas country of products from the second foreign country for subsequent local sale. 3
All of the basic equipment and ideas of household business administration are highly relevant to international business. However , exceptional problem come up in foreign business, especially * Discounts might have to always be transacted in foreign languages and under foreign laws, customs and regulations. * Information on overseas countries needed by a particular firm might be difficult 2. Foreign currency orders will be necessary. Exchange charge variations can be extremely wide and create various problems intended for international business. * Many cultural variations may have to be taken into account when trading in other nations. Control and conversation systems are typically more complex intended for foreign than for home operations. 2. Risk amounts might be larger in foreign markets. 2. International managers require a larger range of managing skills than do managers who are concerned only with domestic concerns. 1-Daniels, T., Radebaugh, D., Sullivan, G. (2007). Worldwide Business: environment and procedures, 11th release. Prentice Hall. * A lot of crucial work may need to be remaining to intermediaries, consultants and advisers. 2. It is tougher to observe and monitor trends and activities in foreign countries.
For what reason firms take part in International Business? Business performs international procedures in order to expand sales, get resources coming from foreign countries, or diversify these actions (Anderson 1993). The causes for functioning internationally are as follows: * Commercial dangers can be distributed across several countries. 2. Involvement in international business can help the ‘experience curve’ effect. * Financial systems of opportunity (as opposed to economies of scale) may possibly become available. Economies of level are cutbacks in product production costs resulting from mass operations. The expense of new product dev can require a lot expenditure the firm is compelled to look at an international perspective. * There may be intense competition in the home marketplace but very little in certain foreign countries. 2. A company’ overall strategies and strategies can be anchored against a wider array of opportunities. Abrupt collapses in market demand in some countries may be balance by growth elsewhere. 5. Cross-border operate is today much easier to set up than in the past. International business is definitely not fresh ” businesses and countries have done trade throughout national restrictions for centuries.
Attracted by the prospects of large marketplaces and/or sources of raw materials, businesses have exchanged with other elements of the world. But as we will see afterwards global business and global industry differs from the others.
You browse ‘Findings, Recommendations and Results on Hyundai Motors’ in category ‘Essay examples’ Offshore trade and Ansoff’s matrix Thinking about international business in the context of Ansoff’s matrix: * Entrance into international markets symbolizes market development. * Existing products can be purchased in new markets. 5. It is interesting because: , market transmission is tough in saturated markets. , product development can be costly. , diversification can be risky Why get into overseas markets?
The reasons to get entering overseas markets could be categorised into “push and “pull factors: Push factors * Vividness in home markets * Economic trouble domestic market segments * Near the end from the product life routine at home 5. Excess ability * Risk diversification Move factors 5. The interest of international markets 5. Increase sales * Delight in greater economies of range * Expand the product lifestyle cycle * Exploit a competitive benefits * Personal ambition Elements in the choice of which international market(s) to enter: * Scale the market (population, income) 5. Economic elements (state with the economy) Ethnical linguistic elements (e. g. preference to get countries with similar social background) * Political steadiness (there is usually a preference for stable areas) * Scientific factors (these affect demand and the ease of trading) Restrictions and issues in going into overseas markets: * Methods * Time * Industry uncertainty 2. Marketing costs * Cultural differences 5. Linguistic variations * Trade barriers * Regulations and administrative types of procedures. * Personal uncertainties 2. Exchange prices (transactions costs & risks) * Complications of funding * Working capital problems 2. Cost of insurance Distribution networks Exporting is merely one method to do business internationally * We all normally think about overseas transact in terms of transferring and adding goods and services 5. This involves moving goods and selling them across national boundaries. 5. Direct exporting implies that the domestic organization is positively involved in offering the goods abroad * Indirect exporting implies that the advertising of goods is delegated to export brokers and the UK manufacturer concentrates on production * But exporting involving the motion of goods is only one method of engaging in intercontinental business
Additional methods of marketplace entry * Overseas product an/or assembly (producing items abroad) 2. International forces and joint ventures (working with overseas companies) 2. International M&A (mergers and acquisitions around frontiers) 2. International franchising and guard licensing and training allowing foreign based businesses to produce, market and spread goods in specified areas abroad) A. Definition LOGISTICS IS THE FINE ART AND TECHNOLOGY OF ADMINISTRATION, ENGINEERING AND TECHNICAL ACTIVITIES CONCERNED WITH REQUIREMENTS, DESIGN AND SUPPLYING, RETAINING RESOURCES TO BACK UP OBJECTIVES, STRATEGIES AND PROCEDURE. , CULTURE OF STRATEGIES ENGINEERS (SOLE) 1974. Fierce competition in today’s world has pressured business enterprises to purchase and concentrate on supply chains. The growth in telecommunication and transportation systems has led to further growth of the supply chain. The provision chain, often known as the logistics network, involves suppliers, manufacturing centers, facilities, distribution centers and stores, as well as unprocessed trash, work-in-process inventory and finished products that flow between facilities.
The logistics administration takes into consideration every facility that has an effect on price. It performs an important role in making the merchandise conform to client requirements. Plus it involves successful integration of suppliers, producers, warehouses and stores and encompasses the firms’ activities at various levels, through the strategic level through the tactical to the functional level. Strategies is a challenging and significant activity since it serves as an integrating or perhaps boundary spanning function.
This links suppliers with customers and that integrates functional entities around a company. With all the ever-growing competition in today’s market place it becomes necessary to get a firm to use its methods to focus on tactical opportunities. This consists of several interior factors just like management style, culture, recruiting, facilities and lots of external elements like technology, globalization and competition. This is how the concept of strategies plays a significant role, i. e. it assists to power certain positive aspects the firm has in the market.
B. Role of Strategies Lets us surely have a look at just how logistics works. It is important to acknowledge the importance of the dynamic stability between the tiny details plus the main factors involved in an item. The Function of Logistics is to preserve that harmony. Once the firm realizes the value of strategies it is necessary that the firm make full and efficient usage of logistics. The first thing is to create a buyer benefit for the client and a strategic value to get the organization. The customer is the central asset for the company.
This individual drives the whole supply cycle including manufacturing, marketing and logistics. Hence it is vital for a firm to have a obvious understanding of what the customer requirements and to carry on to the customers expectations. Once a company includes a clear understanding of its client’s requirements it should device a strategy on how to use logistics to accomplish it. Because of this the company has to have a clear understanding or analysis of industry’s strategic path. Now lets use a look at the different steps linked to a logistics strategy development and organizing process.
Visioning: this includes the systematic development of an organizational consensus about the key advices to the logistics planning process as well as identity of the potential alternative strategies approaches. This really is an important stage for this reasons: 5. Helps to define a strategic direction to the business and also to obtain a clear understanding the role of logistics in it. 5. Get a crystal clear idea of the needs of the numerous segments of shoppers. * Have a look at the various factors that would impact the strategy in the company. 2. Define alternate strategies plus the scope of the planning hard work.
Strategic evaluation: this involves examining the various pieces involved in the procedure and choosing the right logistics method among the alternatives. These parts, which are to get reviewed, happen to be revealed during he first step. This may include revamping the whole process to assessing how a single part can be used better. Planning: this requires the assembling of a program that outlines the mission and goals for the logistics function and the courses and activities to achieve these goals. Strategies planning can be an iterative process.
The plans must be redefined each year to improve the caliber of performance. Taking care of change: this requires effective administration to put into practice enhanced ways of conducting business. The supervision should keeping changing the plans in accordance with the difference in the market and also coach the organization to efficiently embrace this change. C. Current Logistics Related Problems There are several elements that have an effect on logistics. Problems need to be awaited, prepared pertaining to and considered advantage of to get a company to achieve success in today’s market. They may be External: * Globalisation 2. Technology Workforce 2000 * challenging character of the work force * Environmental concerns Inner: * Customer service and top quality * 3rd party networks 5. Supply sequence management 5. Changes in managing and business style Listed below are some of the methods that could be used to mitigate the above mentioned problems: Performance: 5. Better services for customers 2. Improved production * Assess just on time and speedy response needs System framework: * Better relationship with vendors, buyers and businesses to better manage the supply chain 5. Better relationship within and across the corporation
Technology integration: * Better information devices that connect functions and organizations * Combine info and materials handling systems for increased efficiency and effectiveness. AIM OF THE STUDY * To analyze the efficiency of STRATEGIES process.. 2. To know about the advertising techniques and promotion measures. * To know the overall performing of all the several departments. AS BEING A INTERNEE I did so my Internships training for SAGAR STRATEGIES PVT. LTD. I had a very good experience observing and dealing with various departments of SAGAR.
COMPANY ACCOUNT SAGAR delivery was were only available in the year 1987 at Willington Island, Kochi, Kerala to supply professionalized service in the area of removing and forwarding. This is our Silver Jubilee year. EACH OF OUR LEADER & MISSIONARY: Mr. V. S i9000 Pradeep may be the founder of this organization which is the chief business officer. Amongst the many laurels that enhance his professional cap the subsequent needs special mention. President Cochin Customs Agent Relationship (1999-2001) Movie director Indian Step of Commerce & Industry (Two terms) Trustee Cochin port (2000-2002)
OUR MISSION: Our mission is to provide a personalized feel to the professional service of Clearing & Forwarding by finding the right person for the right job and by guaranteeing the right job for the right person. It is our Endeavour to translate each of our years of knowledge, competence and goodwill to cater to the stringent needs of changing occasions. We take satisfaction in building long term interactions and quality service with uncompromising diligence, integrity, confidentiality and timely delivery. Put into effect time to listen closely, understand and match the needs of the clients.
EACH OF OUR ETHICS: Were a value centered organization. We conduct reference checks prior to our support is offered. We ensure privacy to our clientele. OUR COMPANIES: * Custom made Clearing forwarding * Luggage clearance * Packing 5. Freight forwarding * Warehousing * Shipping Packing and Warehousing The packing in the goods intended for export can be described as complex job to ensure merchandise are safeguarded against the dangers involved in all their handling plus the modes of transportation being utilized. Consideration must be given to the climates and terrain in the countries through which the consignments will be travelling.
Too much hefty packing can be costly for goods venturing by atmosphere, for example. Alternatively, too little providing might show a false economy. Many forwarders provide a providing service for their customers, and the forwarder’s competence.. Who will be Freight Forwarders? The different types of shipment forwarding firms can be generally divided into 3 categories: Community companies , These are generally tiny single business office companies which usually tend to deal with customers from your area, or perhaps operate at a seaport or airport concentrating on particular types of traffic.
National companies , Many forwarders have office buildings in the main ports and airports over the country as well as in the largest professional towns. They may also have storage or handling depots via where that they operate their own services. These kinds of companies routinely have agents or correspondents international in the market segments with which they operate. Worldwide companies , The really international organization will have a unique offices abroad and offer a wide range of worldwide providers. Import Types of procedures Procedures have to be followed by ‘person-in-charge of conveyance’ as well as the distributor.
WHO IS , PERSON IN CHARGE’ , As per section 2(31), , person in charge’ means (a) In case there is vessel ” its expert (b) In case of aircraft , its commander or pilot-in-charge (c) In case of train , its director or guard and (d) In case of automobile or additional conveyance , its driver or additional person in control. The significance with this definition can be , He could be responsible for submitting Import Express and Export Manifest He’s responsible to make sure that the conveyance comes through permitted route and lands at approved place only. This individual has to ensure that goods happen to be unloaded following written order, at right place.
Reloading also has to become only after permission. This individual has to make sure that conveyance would not leave with no written purchase of Customs authorities. They can be penalised for (a) Giving bogus declaration and statement (b) shortages or perhaps non-accounting of products in conveyance Procedure by Importer , The distributor importing the products has to adhere to prescribed types of procedures for transfer by ship/air/road. (There is definitely separate process of goods imported as a luggage or by simply post. ) Bill of Entry , This is an extremely vital and important file which just about every importer needs to submit beneath section 46.
The Bill of Entry must be in approved form. The typical size of Expenses of Admittance is 16,? 13,. However , for computerisation purposes, 15,? 12, dimensions are permitted. (Mumbai Customs Community Notice Number 142/93 old 3-11- 93). Bill of Entry must be submitted in quadruplicate ” original and duplicate pertaining to customs, triplicate for the importer and fourth copy is meant for bank in making remittances. Beneath EDI system, Bill of Entry is in fact printed on computer in triplicate only after ‘out of charge’ order is given. Duplicate copy is given to importer.
Types of Invoice of Entrance , Charges of Access should be of 1 of three types. Away of these, two sorts are for clearance via customs whilst third is good for clearance via warehouse. ACTIVITIES OF CHOSEN DEPARTMENT Marine Freight Forwarding: services can be obtained irrespective of the character of business i. elizabeth. export or import. Through our sea Freight Forwarding Services, we handle standard, project as well as stock shipments at the quickest pace. All of us ensure dried out area to get the proper keeping of the arrived shipment at all the sea slots.
Being a reliable Sea Shipping Forwarder all of us also offer LCL and FCL consolidation. We all also have support of purchase follow up and supply chain monitoring system. Air flow Freight Forwarding: Service are definitely the first of all speedy and then very safe. The services of International Air Freight Forwarding include door to door service of pick up, custom made clearance, delivery on the destination. Besides, we also get the freight from the clients end. All of us promptly notify the retenue about the arrival in the shipment and delivery instructions. Besides, we could a trusted Atmosphere Freight Forwarder in India.
The company provides gamut of Import and Export Services in the industry. Our company is reckoned among the leading Import Export providers in India. Our selection of services from this category contains custom duty clearance, providing required expenses and certificates, certified survey and compliances, third party inspection, transportation, storage and strategies solution etc. Counted among the prominent importance Export Agents in India, we take just about every measure to serve the clients in the most professional manner so that they receive maximum fulfillment meeting their particular end vision.
SAGAR logistics is specializing in offering highly reliable Custom Clearance Solutions in the industry. Our company is counted among the finest Custom Clearing Agents in India. We extend the services pertaining to the hassle free transaction of shipments with the clients in almost all the customs houses in India. Our team of professionals is proficient in the complicated documentation technique of custom measurement. We take every single care for the timely clearance of the goods from the ports or custom house through our Personalized Clearance Services OUT ARRIVE OF THE INTERNSHIPS
Got to observe the various departments as a great whole although not in detail Learned new things concerning the procedures of import and export Acquired a chance to interact with people around 5. 2 CONCLUSION Strategies is the one important function in business today. No marketing, manufacturing or project setup can do well without strategies support. Logistics is important in India as a result of country’s size, geography, inhabitants variety, organic and man-made calamities etc . The travel facilities are inadequate in India and roads are bad.
India lacks a well-developed highway network and waterways continue to be unexploited. Because of competition, the positive effect and data availability, logistics has gained extra importance. First: the times are gone when a manufacturer had a better organic material supplier than competitors. Then, the operations in a manufacturing procedure are well seen to all. The processes are more or less common. Also, technology is available to all. The only area where one can rating over rivals is logistics. If strategies cost is lowered, there is a gain…