PRACTICAL STUDY OF THE ORGANIZATION INTRODUCTION TO HABIB OIL MILLS (PVT.) LTD.

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PRACTICAL STUDY OF THE ORGANIZATION INTRODUCTION TO HABIB OIL MILLS (PVT.) LTD. HABIB OIL MILLS (Pvt.) Ltd. "HOM" is the largest Company exclusively in the vegetable oil & fats sector in Pakistan. Its Regional Office situated at I-9 Industrial area, Islamabad. The company produces premium brand cooking oils. And markets the products through its own distribution network, which covers almost all markets nationwide. Companys Network 1. HABIB OIL MILLS (Pvt.) Ltd. factory is located in an exclusive industrial estate of Karachi. The company has various other departments in the same premises. The business of HOM is extended all over Pakistan through various offices in different areas of the country.

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Islamabad Gujranwala Lahore Multan Faisalabad Sukkar Hyderabad Karachi Quetta

Marketing PolicyThe marketing policy of the company is development of brand loyalties among the customers and consumers through their continued involvement and participation in series of several promotional activities run by company staff and consultants.MISSION STATEMENT "It is our policy to provide good quality products to customers at reasonable prices. We make all efforts to involve every employee of the company in the achievement of this objective." :
Marketing PolicyThe marketing policy of the company is development of brand loyalties among the customers and consumers through their continued involvement and participation in series of several promotional activities run by company staff and consultants.MISSION STATEMENT "It is our policy to provide good quality products to customers at reasonable prices. We make all efforts to involve every employee of the company in the achievement of this objective."

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Historical Perspective Incorporated in 1954-55, HABIB OIL MILLS (Pvt.) Limited was initially established as an oil expelling unit. The present management took over the unit in 1978 when it was producing only 5000 metric tons of cooking oil annually. The new management has carried over major expansion of the unit over the years, and has converted it into an integrated unit for edible oil refining, cooking oil blending and production of hydrogenated cooking mediums. The unit after subsequent expansion and modernization has now an installed production capacity of 58,000 metric tons of cooking oil and Banaspati per annum. HABIB OIL MILLS (Pvt.) Ltd is a certified Company since November 1997. Recently another milestone has been achieved through continuous quality improvement and efforts of each individual of

HOM in the shape of ISO 9001:2000 (E) and ISO 14001:1996(E) certification. The achievement of the same shows an indication of continuous growth

MAIN PRODUCTLINEHABIB OIL MILLS (Pvt.) Ltd. offers two main products. 1. Cooking OilHabib Cooking OilSuper HabibHabib Corn Oil2. Banaspati GheeHOM has four different brands of banaspaties.Habib BanaspatiHandi BanaspatiMayar BanaspatiNayab BanaspatiMain Departments of the CompanyProduction DepartmentAdministration DepartmentAccounts DepartmentMarketing DepartmentSales DepartmentHuman Resource DepartmentSales DepartmentDistribution DepartmentMIS Department :
MAIN PRODUCTLINEHABIB OIL MILLS (Pvt.) Ltd. offers two main products. 1. Cooking OilHabib Cooking OilSuper HabibHabib Corn Oil2. Banaspati GheeHOM has four different brands of banaspaties.Habib BanaspatiHandi BanaspatiMayar BanaspatiNayab BanaspatiMain Departments of the CompanyProduction DepartmentAdministration DepartmentAccounts DepartmentMarketing DepartmentSales DepartmentHuman Resource DepartmentSales DepartmentDistribution DepartmentMIS Department

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Zonal Structure

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The uses of PROCESS COSTING in HOM In manufacturing firm like HOM production take place in several departments and each department performs a specific operation or process leading to the completion of the product. For example: 1st department (collecting seeds) only starting phase of work and transfers to the 2nd department (getting oil from the seeds) and then the 2nd department completes its work and transfers to the 3rd department (refining of oil) then the 3rd department transfers this refined oil to the 4th department where the packaging is done and the product is transferred to the (store room). The cost of material, labor and FOH are charged to WIP account which are maintained for each department, When units are transferred to the next department the cost of those is also transferred to the next department. All these costs are combined at COST OF PRODUCTION REPORT. This is normally made at the year end of at the end of the production of a certain units or items.

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MERITS AND DEMERITSMARITS The business of HOM is extended all over Pakistan through various offices in different areas of the country. The best strategy of gathering the information before decision making. Conclusion After studying the PROCESS COSTING and its approaches I have come to know that its approach of relative frequency of occurrence is the best approach in decision making because in this approach you already gather the data about all the relative decisions.