2021 Logistics Internship Report: Stock Management
2021 Logistics Internship Report: Stock Management
Specialty: logistics
Theme:
Stock Management
Framed by:
Supervisor at ISIAM
Year 2021/2022
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Dedication
I dedicate this work to my dear parents, who have always encouraged me to motivate.
in my studies. This work therefore represents the culmination of support and
encouragements they have given me throughout my schooling.
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Thank you
I would first like to thank Mr. MOULAY Ali, my internship supervisor, who
holds the position of inventory management within the company TIMAR, and who has
welcomed as an intern in his department. He taught me a lot about the
inventory management and its daily tasks.
Finally, I would like to thank all the people who gave me advice.
And I thank Mr. Ouail EL ACHMIT immensely for having helped me during the
writing of this report.
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TABLE OF CONTENTS
Dedication
Acknowledgment
Introduction
2.3) Problematic....................................................................................................... 12
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Introduction
During my internship from June 8 to August 8. This internship is carried out the
8th semester of the logistics master's program. I found my internship at a company in
transport and logistics, TIMAR. The purpose of this internship was to put in
practice the theories learned in school
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I. Summary presentation of the transport and logistics sector
Morocco:
1-1) Brief overview of the sector:
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1-1) Presentation of the company:
About TIMAR
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b) TIMAR activity:
3-TRANSIT TIMAR :
TIMAR has a customs approval of category 'A' which allows it to operate.
the job of freight forwarder in import and export in all offices
de douane au Maroc et dans ses propres entrepôts de dédouanement. Le
customs inspection of goods is conducted jointly by a
representative of the customs administration and the store manager of the Store
Customs Clearance Area (MEAD) of TIMAR.
4-LOGISTICS TIMAR:
In terms of logistics, TIMAR is responsible for the Reception of goods and
store them at room temperature or controlled temperature, inventory management, the
order preparation, packaging, and invoicing
as well as national and European shipping. In terms of logistics, the
TIMAR's main competitors are: EXCEL Service; GEODIS. ALBATOS
logistics Morocco
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c)Technical sheets:
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Chairman of the Council
of the administration
d) organizational chart :
DG
[Link]
Service
Service RE Service MAC recovery
National International
Control service
management / HR
Maintenance
D.S.J
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I. Presentation of the mission:
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2-2) Tasks performed:
Here are some methods that I have performed in the MAGISTOR system:
2.3) Problematic:
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Inventory management plays a big role in customer satisfaction: it
allows to guarantee the customer that they will have the right product at the right time. To this
title, it becomes an essential cause of customer satisfaction. During
For a long time, companies were content to manage large inventories.
find beings secure enough to meet any request. This method seems
Nowadays outdated: storage necessarily needs to be controlled and organized
the products.
Consequently, our issue seeks to studyWhat is the impact of a
poor inventory management of a company?so the paramount question
representing the basis of our research is as follows:
a) Research question
TIMAR is not outside of this difficulty.
That is why we deemed it useful to bring our modest
Contribution through the theme: "Inventory Management in TIMAR Company"
The research question that this report seeks to address
is stated as follows:
How to effectively manage TIMAR's inventory?
Specifically, we will be interested in knowing:
How can we organize flammable products in the warehouse?
2-How to determine the supply needs of the company
How to avoid stockouts?
3-How to reduce inventory management costs?
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b) research hypotheses
This study aims at the empirical analysis of the inventory management of TIMAR.
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a) Analysis of the guided interview:
The qualitative approach of our study is primarily based on a guide.
interview intended for Mrs. AIT MOULAY Ali, stock manager, and Mr. Othman
EL OUAHIDI, store manager. This guide presents a set of
questions to address during the face-to-face interview with the person concerned.
He offers the advantage of allowing the interviewee to express themselves freely and
gather his views without imposing a restrictive framework that may risk
limit one's speech.
This guided interview consists of questions, namely:
Question 2: Why does Timar from Morocco always use the FIFO system?
Analyze: according to the response obtained, the crisis does not affect performance.
[Link] excellent merchandise turnover in the warehouse,
giving priority to the release of products that have been stored the longest
and risk becoming perishable or obsolete.
Analysis: According to the response I received from the head of the department.
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Analysis: Inefficient inventory management can absorb your capital that could have been
could be spent more usefully in other areas of your operations. A
poor inventory management can also increase the time of immobilization
your assets and thus reduce your productivity, which will have a negative effect on the
customer service and the level of satisfaction.
Coverage rate: corresponds to the average number of days that the stock can last.
cover. The time of flow consists of calculating how long a product
remains in stock before being sold out;
Customer service rate: ratio between the number of orders delivered in the
time and the total number of orders.
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b) Hypothesis verification:
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2-5) Proposed solutions
- Due to the quantity to be stored and managed, other additional costs are to be expected.
organization terms (product search time,
labeling, order preparation.) ;
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Conclusion
The goal of any business is the efficient pursuit of its profit to rise.
to an optimal level of competitiveness. The fierce competition that characterizes
The Beninese economic environment requires TIMAR to energize its
services for good profitability of its activities. To do this, it must
to have a forward-looking vision of its procurement and management policy
of its stocks for satisfying the needs of its clientele, a guarantee of its
Professor. The inventory management method practiced by the company is not...
lesser; however, our study has highlighted certain
weaknesses to which we have suggested solutions. The latter are not
not the best but we hope that their application could contribute
to the improvement of inventory management and consequently to profitability and
the competitiveness of the company. Finally, let us note that besides the difficulties that are
Inherent to any company, this internship was beneficial and very instructive for us.
as it allowed us to confront our theoretical knowledge
to reality.
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Bibliography :
Webography:
-[Link]
[Link]
stocks/
-[Link]
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TIMAR employs several methods to improve logistics and inventory management, such as using MAGISTOR software for managing purchase orders, shipping notes, and supplier invoices, as well as maintaining controlled storage environments to prevent spoilage, and applying management strategies like FIFO to optimize stock turnover .
The transport and logistics sector contributes 5% to Morocco's GDP, with logistics alone accounting for 3%. In contrast, the integrated logistics cost in Morocco is 20% of GDP, which is higher than in emerging countries like Brazil, Mexico, and China, where this ratio is between 15% and 17% .
Inefficient inventory management can absorb capital that could have been used more effectively in other areas, potentially reducing overall productivity. This mismanagement can lead to increased asset immobilization and decreased customer satisfaction, negatively affecting the company’s financial performance .
The study of inventory management at TIMAR involved empirical research based on observations, guided interviews with key personnel, and a review of both internal and external documentation. The aim was to analyze stock types, management policies, and provide recommendations for improvement .
The FIFO system is used by TIMAR to achieve excellent merchandise turnover, prioritizing the dispatch of older stock to reduce the risk of obsolescence or spoilage .
As a freight forwarder, TIMAR is well-positioned in the Moroccan logistics market, leveraging its extensive international network to handle shipments via air, road, and maritime routes. The company's logistics activities, including customs-approved transit and comprehensive warehousing solutions, enhance its competitive edge against other major players like EXCEL Service and GEODIS .
The logistics and transport sector in Morocco faces challenges such as creating a modern infrastructure that facilitates regional and international exchanges. This development is crucial for enhancing the sector's competitiveness and reducing the logistics cost, which is currently higher than in other emerging nations .
TIMAR ensures efficient stock management of flammable products by adhering to stringent safety protocols and regularly monitoring warehouse conditions, such as temperature, to prevent incidents and maintain compliance with safety standards .
Key stock monitoring indicators used by TIMAR include inventory turnover, coverage rate, flow time, availability rate, and customer service rate. These metrics help track inventory movement, product availability, and order fulfillment efficiency .
The Moroccan government is prioritizing the logistics sector by investing in modern infrastructure to enhance local, regional, and international exchanges. This initiative aims to lower the integrated logistics cost, thereby improving the sector's competitiveness globally .