Project On Analysis
Project On Analysis
By
S SHALINI
RA2252001040172
Dr. JOHN E P
FACULTY OF MANAGEMENT
VADAPALANI, CHENNAI
JULY 2023
I
BONAFIDE CERTIFICATE
Date:
Place: CHENNAI
DEPARTMENT SEAL
II
DECLARATION
Date:
Place: CHENNAI
III
ACKNOWLEDGEMENT
This project would not have been successful without the constant guidance and support
of my guide, Dr. John E P, Assistant Professor (Sr. Gr.), who took keen interest in my
project to make it a beneficial exercise.
S SHALINI
V
ABSTRACT
I have learnt how the company operations works on various department like Sales,
Marketing, Human Resource, Operations and Finance by assisting them with various
tasks such as creation of Supplier Order Based Invoice and processing of Fright
payments.
This summer internship has provided me immense knowledge and helped me learn new
skills will aid me thrive in the industry as future employee. I gained a useful insight
about the company on the whole and how organisational department functioning in the
organisation every day. The various functional department are identified, and their
individual activities are studied. The problems present in every functioning department
are identified and possible suggestions are derived by this internship project report.
VI
TABLE OF CONTENTS
CHAPTER PAGE
CONTENTS
NO NO
CHAPTER 1 INTRODUCTION
1.2 OBJECTIVES 7
3.2 CONCLUSION 26
REFERENCEES 27
VII
CHAPTER – 1
INTRODUCTION
One of ProConnect's key strengths lies in its ability to handle complex logistics
challenges. The company excels in managing large-scale projects, whether it involves
handling high-value goods, time-sensitive deliveries, or specialized equipment.
ProConnect's team of experienced professionals is dedicated to ensuring smooth
operations, minimizing risks, and maximizing customer satisfaction.
1
At ProConnect, part of USD $ 7.3 Billion Redington Group, they provide end-to-end
supply chain solutions to over 160 leading brands across industry verticals. Our modern
readt-to-use infrastructure equipped with plug and play operations, ensures minimum
lead time in starting operations and scaling up quickly. Our expertise of providing end-
to-end supply chain and logistics services, lies in almost all industries like Consumer
Durables, IT & Telecom products, Food & FMCG, FMCD segment, Lifestyle, Retail,
E-Commerce, E-Pharma, Engineering and Non-Hazardous Chemicals.
Company has been growing strongly and steadily with strong distribution
network,large warehouse space, well-equipped distribution centres and a pool of
satisfied customers.
Consumer
Durables
Products
Automotive
HISTORY
2
Redington was founded in 1993 and has since grown to become one of the leading
supply chain companies worldwide. The company's core expertise lies in providing
end-to-end supply chain solutions, including distribution, logistics, and after-sales
support, to a diverse range of industries.
REVENUE TURNOVER:
3
1.1.1 SERVICES OF PROCONNECT:
WAREHOUSING:
At ProConnect warehouses, they provide cost-effective and the best third-party logistics
(3PL) solutions and services. ProConnect currently offers comprehensive warehousing,
first mile delivery, middle mile delivery, last mile delivery, and serving Mission-
critical industries. Through our advanced in-house WMS/TMS software and various
other consulting tools.
TRANSPORTATION:
With a large fleet of specialized vehicles, they are always ready to meet all
transportation requirements across India. Pro connect offer a full range of transportation
solutions combined with diverse experience across all industries. This includes back-
end IT infrastructure and front-end devices that collect and report critical shipment data
in real time.
4
International freight Forwarding
Sea Freight
o LCL
o FCL import.
Air Freight
o Import Management
o Exports Management
Customs Clearance
o Air Imports Customs clearance
o Ocean Imports Customs clearance
Domestic Transportation
Surface Transportation
o Specialized in Last mile Delivery
o Mission Critical Deliveries
Air
o Domestic Air
o Next Flight Out
5
1.1.3 INPLANT LOGISTICS MANAGEMENT:
VISION:
MISSION:
At ProConnect they strive to provide clients with the best of services customized to
meet their unique needs through effective collaboration, management, and optimization
of its integrated value chain.
6
1.2 OBJECTIVES OF STUDY
PRIMARY OBJECTIVE:
SECONDARY OBJECTIVE:
CEO
HUMAN
OPERATION FINANCE SALES MARKETING TECHNICAL
RESOURCES
HEAD HEAD HEAD HEAD HEAD
HEAD
GENERAL GENERAL
VP VP VP VP
MANAGER MANAGER
7
1.4 INDUSTRY ANALYSIS
Porter's Five Forces model is a widely used framework for industry analysis. Let's
examine how it can be applied to the logistics industry, including ProConnect Integrated
Logistics.
The logistics industry can be highly competitive, but barriers to entry can also be
significant. Factors such as capital requirements, economies of scale, technological
expertise, and established networks can act as barriers to new entrants. However, if
the barriers are relatively low, new logistics companies could pose a threat to Pro
Connect by offering competitive services.
8
1.4.3 Bargaining Power of Buyers
Buyers in the logistics industry, such as businesses and individuals, have varying
levels of bargaining power. The industry is highly competitive, with numerous
logistics service providers available. Buyers can choose among different providers
based on factors like cost, reliability, and service quality. This gives buyers some
degree of power to negotiate prices and terms.
The logistics industry faces a moderate threat of substitutes. While certain aspects
of logistics, such as transportation and warehousing, can have substitutes (e.g., in-
house logistics operations), the complexity and expertise required often make
outsourcing to specialized logistics providers more attractive. However,
advancements in technology and innovations in supply chain management could
potentially disrupt the industry by introducing new substitutes or alternative
logistics models. The threat of substitutes requires continuous monitoring.
9
1.5 DEPARTMENTAL STUDY
WAREHOUSE MANAGEMENT
The operation department is responsible for efficient warehousing, including
inventory management, storage, and order fulfilment.
They ensure that the right products are available in the right quantities at the right
time.
TRANSPORTATION MANAGEMENT
They handle transportation logistics, including route planning, carrier selection, and
tracking shipments.
They ensure timely delivery of goods while optimizing costs and maintaining
service quality.
SUPPLY CHAIN COORDINATION
The operation department coordinates with suppliers, manufacturers, distributors,
and customers to ensure the seamless movement of goods throughout the supply
chain.
They monitor and manage the entire supply chain process to meet customer
demands and minimize disruptions.
PROCESS OPTIMIZATION
They analyse existing operational processes and identify areas for improvement.
The department implements strategies to enhance efficiency, reduce costs, and
optimize resource utilization.
This includes adopting new technologies, streamlining workflows, and
implementing best practices.
PERFORMANCE MONITORING
The operation department tracks and analyses key performance indicators (KPIs) to
measure the effectiveness and efficiency of logistics operations.
They generate reports, identify trends, and propose strategies for continuous
improvement.
10
1.5.2 FINANCE DEPARTMENT
FINANCIAL REPORTING
The finance department prepares and presents financial reports to internal
stakeholders, management, and external parties such as investors, regulatory
bodies, and auditors.
These reports include income statements, balance sheets, cash flow statements, and
other financial statements required for compliance and transparency.
COST MANAGEMENT
The finance department monitors and manages costs across the organization. They
analyze cost structures, identify cost-saving opportunities, and implement strategies
to optimize expenses while maintaining operational efficiency.
FINANCIAL CONTROLS AND COMPLIANCE
The finance department establishes and maintains financial controls to ensure
compliance with accounting principles, legal regulations, and internal policies.
They conduct internal audits, manage external audits, and ensure accurate and
timely financial reporting.
TREASURY MANAGEMENT
The finance department manages the company's cash flow, liquidity, and working
capital.
They monitor and optimize cash positions, oversee banking relationships, manage
debt and financing activities, and make strategic decisions related to investments
and capital allocation.
FINANCIAL STRATEGY AND DECISION SUPPORT
The finance department provides financial insights and analysis to support strategic
decision-making within the organization.
They evaluate investment opportunities, assess the financial viability of projects,
and provide financial guidance to other departments and management.
TAX PLANNING AND COMPLIANCE
The finance department ensures compliance with tax laws and regulations.
They develop tax strategies, manage tax planning and compliance processes, and
coordinate with external tax advisors.
11
1.5.3 HR DEPARTMENT
12
1.5.4 SALES DEPARTMENT
BUSINESS DEVELOPMENT
The sales department identifies and pursues new business opportunities.
They research and analyse the market, target potential customers, and develop
strategies to expand the customer base.
This includes prospecting, lead generation, and networking to establish connections
with potential clients.
CLIENT RELATIONSHIP MANAGEMENT
The sales department builds and maintains relationships with clients.
They understand client needs, provide personalized solutions, and ensure high
levels of customer satisfaction.
They act as the main point of contact for clients, addressing inquiries, resolving
issues, and managing ongoing client relationships.
SALES STRATEGY AND PLANNING
The sales department develops sales strategies and plans to achieve revenue targets.
They set sales objectives, define target markets, and create action plans to penetrate
new markets or expand existing ones.
They also monitor market trends and competitors to stay ahead in the industry.
SALES PRESENTATIONS AND PROPOSALS
The sales department prepares and delivers sales presentations and proposals to
potential clients.
They showcase the company's logistics capabilities, explain the benefits of the
services, and negotiate terms and pricing to secure new business contracts.
SALES TEAM MANAGEMENT
If applicable, the sales department may manage a team of sales representatives.
They provide leadership, guidance, and training to the sales team.
They set sales targets, monitor performance, and provide ongoing coaching and
support to achieve sales goals.
13
1.5.5 MARKETING DEPARTMENT
BRAND MANAGEMENT
The marketing team manages the company's brand identity and positioning.
They develop and maintain brand guidelines, ensuring consistency in messaging,
visuals, and communication across all marketing channels.
They work to build a strong brand reputation and differentiate Pro Connect
Integrated Logistics in the marketplace.
MARKETING STRATEGY AND PLANNING
The marketing team formulates marketing strategies and plans aligned with
business objectives. They conduct market research, identify target audiences, and
define value propositions.
They set marketing goals, outline strategies, and develop action plans to reach and
engage potential customers.
DIGITAL MARKETING
The marketing team leverages digital channels to reach target audiences effectively.
They manage the company's website, optimize it for search engines (SEO), and
create compelling content to attract and engage visitors.
They also utilize digital advertising, email marketing, social media, and other online
platforms to drive brand awareness, generate leads, and nurture customer
relationships.
CONTENT CREATION AND MANAGEMENT
The marketing team develops engaging and informative content to attract and
educate target audiences.
This includes creating blog posts, articles, case studies, whitepapers, videos, and
other marketing collateral.
They ensure the content aligns with the brand's messaging, resonates with the target
market, and supports lead generation and sales efforts.
EVENT PLANNING AND MANAGEMENT
The marketing team organizes and manages events such as trade shows, industry
conferences, webinars, and workshops.
They identify relevant events, coordinate logistics, develop promotional materials,
and create engaging experiences to showcase Pro Connect Integrated Logistics'
solutions and expertise.
14
1.5.6 TECHNICAL DEPARTMENT
15
CHAPTER – 2
2.1.1 STRENGTHS
Industry Expertise
Pro Connect Integrated Logistics benefits from the expertise and experience of
Redington, a leading global supply chain solutions provider. This expertise allows
them to understand the intricacies of logistics and supply chain management, and
deliver solutions tailored to meet the unique needs of their clients.
16
Comprehensive Service Portfolio
Pro Connect Integrated Logistics offers a comprehensive range of logistics and
supply chain services. This includes warehouse management, transportation,
customs clearance, distribution, and value-added services. Their ability to provide
end-to-end solutions allows them to cater to diverse customer requirements and
offer integrated logistics solutions.
Global Network and Reach
Pro Connect Integrated Logistics leverages Redington's extensive global network
and reach. This enables them to operate in multiple countries, access a wide range
of markets, and provide logistics services across different regions. Their global
presence enhances their capabilities to serve multinational clients and navigate
international trade complexities.
2.1.2WEAKNESSES
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Regulatory and Compliance Challenges
The logistics industry is subject to numerous regulations and compliance
requirements, which can vary across different regions. Staying up to date with
changing regulations and ensuring compliance can be complex and time-
consuming. Failure to comply with regulations could result in penalties,
reputational damage, or disruptions to operations.
2.1.3 OPPORTUNITIES
E-commerce Growth
The rapid growth of e-commerce presents significant opportunities for logistics
providers. Pro Connect Integrated Logistics can capitalize on the increasing demand
for online shopping and delivery services. They can offer specialized e-commerce
logistics solutions, including last-mile delivery, reverse logistics, and fulfillment
services, to serve online retailers and marketplaces.
Global Expansion
Pro Connect Integrated Logistics can explore opportunities to expand its presence
in new geographic markets. By leveraging Redington's global network and
expertise, they can enter emerging markets or expand operations in regions with
growing logistics demands.
Sustainability and Green Logistics
With the increasing emphasis on sustainability and environmental responsibility,
there is a growing demand for green logistics solutions. Pro Connect Integrated
Logistics can develop and promote eco-friendly initiatives, such as optimizing
transportation routes, implementing energy-efficient practices, and utilizing
alternative fuels.
Technological Advancements
Pro Connect Integrated Logistics can continue to invest in technology and leverage
emerging trends to enhance their service offerings. This includes leveraging
technologies like Internet of Things (IoT), artificial intelligence (AI), big data
analytics, and blockchain to improve visibility, streamline processes, and offer
value-added services. Embracing emerging technologies can help them stay ahead
of the competition and provide innovative solutions to clients.
18
2.1.4 THREATS
Intense Competition
The logistics industry is highly competitive, with numerous global and regional
players vying for market share. Pro Connect Integrated Logistics may face intense
competition from established logistics providers as well as new entrants. Increased
competition can lead to price pressures, reduced profit margins, and the need to
continuously innovate and differentiate themselves to maintain a competitive edge.
Economic Volatility
The logistics industry is closely tied to economic conditions. Economic downturns
or recessions can lead to reduced business activity, decreased demand for logistics
services, and tighter budgets for clients. Pro Connect Integrated Logistics may face
challenges in maintaining revenue and profitability during periods of economic
volatility.
Regulatory Changes
The logistics industry is subject to various regulations and compliance
requirements, including customs regulations, trade policies, and environmental
standards. Changes in regulations or trade agreements can impact logistics
operations, necessitating adjustments to processes, documentation, and compliance
measures. Non-compliance with new regulations can lead to penalties, disruptions,
or loss of business.
Technological Disruption
The logistics industry is undergoing rapid technological advancements, such as
automation, robotics, and artificial intelligence. While technology presents
opportunities, it also poses threats. Failure to keep pace with technological
advancements or adopt new technologies may result in inefficiencies and reduced
competitiveness. Additionally, disruptive technologies or new entrants with
innovative solutions could pose a challenge to Pro Connect Integrated Logistics'
market position.
19
2.2 OPERATIONAL PROBLEMS
20
Billing Errors
When third-party billing information is entered manually, the chances of errors exist
with every shipment. Sometimes, entering one number incorrectly can change the
amount billed and who is billed. When processing a large number of invoices or
orders manually, it can lead to lost invoices or customers being double billed. Any
of these mistakes will not only delay receiving payment but may also make it more
difficult to collect freight charges. Billing is not the only area where errors can
occur. Mistakes are bound to happen when you rely on your team to transfer data
from one place to another.
Worker’s training programs
Proper training provides employees with the skills needed for safely handling
warehouse and efficiently completing the process. Warehouse training refers to
training for warehouse employees. In this training, employees are trained on a range
of warehouse management skills including logistics management, handling
inventory, damage inspection, labelling, loading & unloading stocks, and storage.
Safety is also a vital part of the training where employees learn how to handle
vehicles, equipment, and goods safely. Being an essential part of supply chain
planning & management, warehouse employees require knowledge of standard
operating procedure. So far, training in ProConnect has been need-based. The
quantum of training is kept to the minimum.
Adapting to technological changes
Due to the systems and technology that currently support the logistic business and
how to give services to their consumers, innovating and implementing developing
technology is practically required for any company, regardless of its segment of
activity.
The company's culture and its workers' resistance
A lack of governance and transparency in the reporting of results
There is a lack of cooperation between teams.
Forcing adoption or insufficient adoption speed
The discrepancy between "Acquiring Technology" and "Adoption of
Technology."
21
2.3 IMPLICATIONS OF THE PROBLEM
Inefficient Workflow
Lack of Proper Planning and Scheduling
Inadequate Resource Allocation
Inaccurate Demand Forecasting
Poor Order Fulfilment Processes
Ineffective Pick and Pack Operations
Inefficient Receiving and Shipping Processes
Negligence
Failure to invest in training can result in a cloistered business
Lack of employee development
Poor and Worsening Performance
Misuse of technology
High cost of technology
Too busy for technology
Technology is a threat to personal freedom
Technology is different from established work processes and procedures
Technology will have a negative impact on teamwork and cooperation
22
2.4 MAJOR OBSERVATIONS
23
CHAPTER - 3
Implement an optimized layout: Analyze the warehouse layout and design a floor
plan that maximizes space utilization. Consider factors like product dimensions,
accessibility, and traffic flow to create efficient storage areas
Use vertical space: Install tall storage racks and utilize vertical space effectively.
Implement mezzanine floors or elevated platforms to create additional storage
levels.
Implement slotting optimization: Analyze the product velocity and categorize items
based on their demand. Place frequently picked items closer to the packing area for
quick and easy access.
24
SUGGESTIONS TO IMPROVE WORKER TRAINING
25
3.2 CONCLUSION
It was good place to do internship since it provides numerous benefits and advantages
to the practical trainees. It also provided me with an opportunity to understand the
in-depth functions of various departments working alongside with the finance team and
engaging in the financial functions under their guidance. The internship also helped in
analysing and understanding the cumulative of all other departments and also their
correlation and interdependence on each other to allow the firm as whole to function
effectively on day-to day basis.
26
REFERENCES
https://proconnect.co.in/
https://proconnect.co.in/about-us/
https://proconnect.co.in/leadership-team/
https://proconnect.co.in/technology/
Csasoftware.com
https://www.crisil.com
https://www.qura.com/
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