25-02-2013, 03:46 PM
SMITHS AND FOUNDERS (INDIA) LIMITED
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INTRODUCTION:
Organization is set up by objectives, goals, rules & regulations and policies. The term organization indicates that control the overall activities of the company and it is the back bone of companies for running successfully. Plan, control, place and people are the elements of the organization. If the organization going well in the company the above elements are reason for the successful running of the company’s activities,
The organization build good relationship between employees and the company, as we know that the employees are the basic need of any company if the company fail to maintain the relationship with employees the company might be lose their business so that organization is a basic aspect of any company.
Organization study was undertaken for 30 days at Smiths & Founders (India) limited, Sagara Road Industrial Estate Shimoga. This project refers to study of functional department of an organization. In industrial profile, under company profile, history, vision, mission and objectives is collected. The MC KINSEYS 7s framework analysis of company information is collected with the organizational structure. SWOT analysis of the company in the next step strength and weaknesses are internal factor, opportunities and threats are external factors of the company.
Organizational study is the field that investigates impact that individual, group and structure have on behavior within organization for the purpose of applying such knowledge towards improving organizations effectiveness. In this industry, types of raw materials used are steel rounds, low carbon, medium carbon and alloy steels for forging.
OBJECTIVES OF THE STUDY
Following are the main objective of the project done at SMITHS AND FOUNDERS (INDIA) LIMITED
• To get practical exposure of the corporate culture.
• To study the various functional departments of the company.
• To analyze the implementation of MCKINSEY 7S Model. In Smiths & Founders (India) limited Shimoga.
• To evaluate the strength, weakness, opportunity and threats.
SCOPE OF THE STUDY
The scope of the study is limited for studying of Smiths &Founders (India) limited Sagara Road Industrial Estate Shimoga for the period of one month i.e. From 10/08/2012 to 10/09/2012. It covers the pertaining forging and management departments of the organization.
INDUSTRY PROFILE
HISTORY OF FORGING
Forging is a manufacturing process involving the shaping of metal using localized compressive forces. Forging is often classified according to the temperature at which it is performed: "cold", "warm", or "hot" forging. Forged parts can range in weight from less than a kilogram to 580 metric tons. Forging is one of the oldest known metalworking processes. Traditionally, forging was performed by a smith using hammer and anvil, and though the use of water power in the production and working of iron dates to the 12th century, the hammer and anvil are not obsolete. The smithy or forge has evolved over centuries to become a facility with engineered processes, production equipment, tooling, raw materials and products to meet the demands of modern industry. Historically, forging has relied on the skill of the operator. The manufacture of forgings still depends on people, but advances in equipment and process control technology are rapidly changing the nature of jobs and skills required in the forge shop. In modern times, industrial forging is done either with presses or with hammers powered by compressed air, electricity, hydraulics or steam. These hammers may have reciprocating weights in the thousands of pounds. Smaller power hammers, 500 lb (230 kg) or less reciprocating weight, and hydraulic presses are common in art smithies as well. Some steam hammers remain in use, but they became obsolete with the availability of the other, more convenient, power sources.
Importance of Forging Industry
Forging has unique value among manufacturing processes. The industry is a key link between critical manufacturing segments--metal suppliers (both ferrous and nonferrous) and end user industries. Forgings are intermediate products used widely by original equipment manufacturers in the production of durable goods.
Among the industries that depend on forgings are automotive and truck; agricultural machinery and equipment; valves, fittings, and petrochemical applications; hand tools and hardware; off-highway and railroad equipment; general industrial equipment; ordnance and marine; and aerospace. In some materials, it is the only way. Virtually all metals can be forged, making an extensive range of physical and mechanical properties available in products with the highest structural integrity.
Forgings are used in high performance, high strength, and high reliability applications where tension, stress, load, and human safety are critical considerations. They are also employed in a wide range of demanding environments, including highly corrosive and extreme temperatures and pressures. Most of the producers of basic metal (steel, aluminum, copper, titanium, and nickel) also produce forged product. Advances in these industries' technologies and efficiency have a direct bearing on the forging industry's ability to compete in the global market.
FORGING PROCESSES
During the forging process, a metal work piece is plastically deformed by pressing, squeezing, or hammering forces--usually at temperatures ranging from ambient to 1,500°C--so that it approaches its maximum theoretical density and the upper limits of the material's potential strength. The properties of the worked metal can be greatly enhanced by selecting the proper types and sequence of operations. The controlled process of deformation that takes place imparts exceptional metallurgical soundness and mechanical properties to the forging--structural integrity, impact strength, fracture toughness, fatigue life, and uniformity.
GLOBAL SCENARIO
According to trade press estimates, in 1995 there were approximately 450 facilities at which the forging process is performed in the United States. More than half of these are located in five States: Ohio, Pennsylvania, Illinois, Michigan, and California. Another 20% of the nation's forge shops are in Texas, New York, Indiana, Wisconsin, and Tennessee.
Forging plants are primarily small or medium-sized companies. Amo Custom producers of forgings are categorized by the Department of Commerce according to the major end-product-based Standard Industrial Classification (SIC) 3462 (Iron and Steel Forgings) or SIC 3463 (Nonferrous Forgings).
INDIAN SCENARIO
The forging segment has emerged as one of the major contributors to the manufacturing sector of the Indian economy. Depending on the scale of operations, the industry can be categorized as large, medium, small and tiny. SMEs comprise a major portion of this industry:
Increasing globalization has led to a sharp rise in investments in the sector. This has led to the industry becoming capital intensive from being labor intensive. To expand their markets and have a global reach, the small scale units are also increasing their capital investments. The small scale units have upgraded their facilities in terms of technology and quality and a number of them are now suppliers to the OEMs in the automobile sector. The automotive industry is the major end user of the forging industry. The other user industries include industrial machines, railways, oil & gas, power plants and chemical plants, among others.
Name and Nature of the Company
Forged equipments are the important ingredients of each and every automobiles, mining equipments, agricultural equipments and also general engineering industries. Smiths & Founder (INDIA) Limited, (erstwhile Bhagavathi Enterprises Limited) is a limited company engaged in manufacturing small, precision and intricate steel forgings meeting the stringent standards of Automotive, Mining, Power and General Engineering Products.
The nature friendly actions initiated to ensure environment conservation, a dedicated workforce led by qualified, responsive and professional executives, the quality management systems adopted by the company have made Smiths & Founders a reliable source for supply of closed die forgings to OEM’s in India and abroad.
A sophisticated tool and die shop, a well equipped chemical and metallurgical laboratory support this versatile manufacturing unit which has an installed capacity for 2000 TPA closed die forgings.
SWOT ANALYSIS
Organizational strategies are the means through which companies accomplish their missions and goals. Successful strategies address four elements of the setting within which the company operates: the company’s strengths, its weaknesses, the opportunities in its competitive environment, and the threats in its competitive environment. This set of four elements-strengths, weaknesses, opportunities, and threats-when used by a firm to gain competitive advantage, is often referred to as a SWOT analysis. SWOT was developed by Ken Andrews in the early 1970s. An assessment of strengths and weaknesses occurs as a part of organizational analysis; that is, it an audit of the company’s internal workings, which are relatively easier to control than outside factors. Conversely, examining opportunities and threats is a part of environmental analysis-the company must look outside of the organization to determine opportunities and threats, over which it has lesser control.
CONCLUSION:
Smiths and Founders (India) ltd. small and medium scale industry in Karnataka, but may have establish more popularly for its products outside the state.
It aims towards giving quality product to the customer by keeping the profit making object aside.
From the overall observation it is clear that the S&F is doing well in the field of dealers and customer satisfaction. The company produces good quality of the product and it maintains good relationship between employees in the organization.
The appreciable thing is the company is not suffering from strikes and lockouts, which shows the effectiveness and efficiency of the management employees have favorable attitude