- Saturday, Jan 3rd, 2026
| TITLE | Material Planning and Inventory Optimization: A Study at Lear Automotive India Pvt. Ltd. |
|---|---|
| ABSTRACT | This On Job Training (OJT) project examines material planning and inventory optimization practices at Lear Automotive India Pvt. Ltd., a prominent supplier in the global automotive industry. The study focuses on improving inventory control by applying structured analytical tools such as ABC analysis, FSN analysis, and Minimum Inventory Level (MIL) calculations. The objective is to enhance material availability while minimizing excess inventory and associated carrying costs. The research adopts a quantitative and exploratory methodology using operational data obtained from master parts sheets, lead-time records, and internal planning documents, supplemented by interactions with procurement and production personnel. The findings indicate that a limited number of high-value components account for a major share of inventory investment, while several slow-moving and non-moving items contribute to inefficiencies in storage and working capital utilization. The study highlights the importance of systematic inventory classification, accurate data management, and regular review mechanisms. The recommendations provided aim to strengthen material planning practices, reduce stockout risks, and support uninterrupted production operations. |
| AUTHOR | Vikrant Sankpal, Dr. Rajendra Jarad, Dr. Anand Dadas, Dr. Anuradha Dandnaik Department of MBA, (Operations & Supply Chain Management), Neville Wadia Institute of Management Studies and Research, Pune, India |
| VOLUME | 12 |
| DOI | DOI:10.15680/IJARETY.2025.1206032 |
| 32_Material Planning and Inventory Optimization A Study at Lear Automotive India Pvt. Ltd..pdf | |
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