TATA MOTORSTATA MOTORS INVENTORY MANAGEMENT: COMPANY PROFILE Data Motors Limited, one of India's largest automobile manufacturers, is a leader in the segment commercial vehicles and passenger vehicles. Its revenue could be consolidated at INR 1,88,818 crore (USD 34.7 billion) in 2012-13. It is also the fifth largest truck manufacturer and the fourth largest bus manufacturer in the world.TYPES OF INVENTORY USED BY TATA MOTORS:1. FINISHED GOODS INVENTORYFinished goods refers to the number of cars manufactured that anticipate sales to the customer. These are products that have gone through the entire manufacturing process but have not yet been sold. These assets are recorded on the balance sheet as current assets. Finished goods inventory at the end of the previous accounting period is considered to be opening inventory plus the cost of goods purchased or manufactured and minus the cost of goods sold.2. RAW MATERIALS INVENTORYThis is the total cost of all components in the current stock that have not been used in work in progress or in the production of finished goods, i.e. it is items that have not yet been consumed in the production process. Direct materials - those incorporated into the final product e.g. glassIndirect materials - those not incorporated into the final product e.g. oil3. WORK IN PROGRESS INVENTORYThis is the cost of materials that have entered the production process, that is, have been partially converted with the work to be done to make a finished product. It is taken as a current asset in the balance sheet.4. SUPPLIES AND OTHER INVENTORY Cost of products directly or indirectly used in the production process which may or may not be part of the final product....... middle of paper ...... proprietary rights to the products and is not not to use any information relating to patent rights • Copy rights published by TML will remain the property of Tata Motors. ADVERTISING Suppliers shall not use Tata Motors logos or name to promote its products without proper authentication from Tata Motors. FORCE MAJEURE • There is no liability for either party for failure or failure to comply in the following cases:o Natural calamitieso Actions of public enmityo Governmental actionso War/strikes/lockouts• In such cases, for a period of 3 months, the parties would discuss and reach a plausible agreement. future action plan.COMMUNICATIONS AND LANGUAGE• The default language of communication is English.• Periodic review of the programs is carried out.• Change in any details used for communication must be informed to Tata Motors within 3 working days..