INVENTORY MANAGEMENT PART -1

CHAPTER- 1

1.1  INTRODUCTION OF INTERNSHIP:

Theoretical knowledge becomes fulfilled when it is applied in practical field. As such to apply the theoretical knowledge in practical field the department of accounting of Rajshahi University has introduced an internship program as a part of its MBA academic curriculum for its concerned students. Under this program each student has to take practical training in a specific organization for one month starting from 2^nd June to 29^th June so that they can know how the theoretical knowledge can be applied in practical field.

 INVENTORY MANAGEMENT

After taking practical training he has to prepare a report. This report is a report that is required to fulfill my academic lessons. I shall be amply awarded if some one gets a little advantage from my report.

1.2  DEFINITION OF INTERNSHIP :

The part ‘Internship’ indicates practical training in any area. Stated in other word internship is practically training in any real field where theoretical knowledge is practically applied. In academic teaching student become aware of common rules and principles that should be followed in the typical situations due to various reasonable causes. The participants of practical training become acquainted with practical rules that in follow in practical situation. They also become aware of how practical practice deviate from theoretical principles. Thus internship program expands the knowledge and it fulfils the theoretical knowledge of the participants.

 INVENTORY MANAGEMENT 

Therefore in single word it would be called that internship is a process by which the acquired knowledge if the participant become expanded by application of academic knowledge in practical field.

1.3  THE OBJECTIVES OF INTERNSHIP :

To give training to a worker to perform a works practically is called the internship. As a result the practical objectives of internship are reflected. The objectives of internship are given below:

1.     To make the theoretical knowledge fruitful and timely.

2.     To help the development of the relation between management and workers and to make it production oriented.

3.     To know about the relation of owner and employees, the condition of appointment, law and order situation growth of production and other facilities.

4.     To know about the method of correction of errors, formulation of co-operatives and control process.

5.     Its one of the main objectives to give him probe knowledge if any internee is appointed in the administrational job he can perform the job with credit.

6.     With a view build up and internee as an able worker.

 INVENTORY MANAGEMENT

1.4  THE SIGNIFICANCE OF INTERNSHIP:

Modern period is the age of big and heavy industry. A comprehensive lesson is available in internship. All industries try to maximize its production and profit so skill labour and employee is essential. So to achieve the goal as a student of Accounting bound to take internship:

1.     To improve theoretical knowledge

2.     To increase production and improve the quality of production.

3.     To identify the problem of the industry

4.     To find out the technique and method for solving the problem of industry.

5.     In order to enhance the relation between administration and labour.