History of Perfume Industry

(History of perfume industry) 1.1760 1760 - In 1760, in London, James Henry Creed founded the House of Creed. filtered, all by hand in the highest tradition of the founder, James Henry Creed. Creed,cologne,designer perfume, Olivier Creed,Perfume,womens perfume,James Henry Creed,Empress Eugénie,discounted perfume,fragrance,Country,French perfume, perfume industry,Jasmine,womens fragrances,shopping cart,originality,scents,Master Perfumer,the French. 2.1921 1921 - Coco Chanel revolutionised the perfume industry by being the first to make a mass market scent for every woman when she launched Chanel No5 in 1921. You can still spritz on some of that vintage glamour today with your own bottle, £46 for 50ml EDT at House of Fraser 3.1987 Feb 28, 1987 - When perfumed gloves came into fashion in the 16th century, the town gradually developed a separate perfume industry. ... The Provencal Art and History Museum, originally the 18th century home of Louise de Mirabeau, houses a fine collection of Provencal art. The 17th century Fragonard. 4.1988 Nov 25, 1988 - It is one of the 200 fragrance-related art objects currently on view in the "Scents of Time" exhibit at the Museum of Science and Industry. The exhibit traces the history and evolution of fragrance, connecting each phase with the social, political and cultural trends of the time. ... 5. 1991 Feb 17, 1991 - Written in collaboration with Patricia Bayer, the book includes chapters on Rene Lalique's life, the development of the perfume industry, the history of the Lalique company, and collecting tips. An appendix provides information on dating bottles by the signature . 2002 . Representatives from the American and Canadian perfume industry were in Halifax Tuesday to launch a counter attack ad campaign as a way of stopping the campaign from spreading. .. But.It was a scent that changed the American position in the perfume industry. cosmetics industry is a dynamic one... 2000 Jun 20. it's competitive and only companies that manage to create an product that differs from the rest will remain" 7.Scented oils and perfumes were stored in elaborate and beautiful pots and jars throughout Egyptian history.hitherto unknown insights into the use of perfumes through the ages and learn that "the history of perfume is often intertwined with the history . Women across this nation began to forsake all of the costly and well.. 2000 .2001 Nov 23. "Never before has a series of exhibitions in Egypt and abroad been devoted to a single industry. Eugeni Majo." 10.. 9. 2004 .6. 2001 . She offered her vast store of perfume knowledge and its history with great generosity.." says international director for Antonio PUIG perfumes..2002 Apr 11. 1999 Dec 9.Halifax's eight-year-old "No Scents" policy is creating a big stink in the perfume industry. 8. "The process of extracting oils from flowers. 1999 .2004 Sep 22.of newly fragrances remain on the shelf after a year of launching. which has resulted in such a wide range of artistic and utilitarian objects. says the portal. it was the Arabs who linked "the past and present of the perfume industry". . . Spray Perfumes (EDT. Creams and Gels for Hair and body. The SFP team is skilled. SFP is located in Special Economic Zone. All products manufactured are skin friendly and abide by all international standards laid down by governing bodies like IFRA. F. SFP is a ISO 9001 certified company and is committed to manufacture quality products. VISION AND MISSION . 'Tara'. 'Silent Valley' and 'Crazy Moments'. Shampoos.000 sq. Cleansing lotion. These products are widely available in more than 20 countries. EDP. It houses a well equipped R & D laboratory and highly qualified team to develop and manufacture high quality products. 'Taibah'. ft area and employees over 400+ people. SFP factory is spread over 100. Hair Oil and Talcum powders. Perfume Gels. Shower Gels. trained and equipped to meet and deliver all customer expectations. 'Malaki'. Patel & Sons (India). 'Salaam'. colognes and body mists). It has a sound infrastructure and modern facilities which helps every activity and product of SFP fulfill its brand promise and mantra – “BRINGING FRANGRANCE TO LIFE” SFP processes are managed and controlled through SAP. Chennai and was Formerly known as S.SFP manufactures wide range of over 1000+ products under its own brands 'Ahsan'. FDA et al.COMPANY PROFILE SOMABHAI FULABHAI PATEL (SFP) SFP Sons (India) Pvt. Product range includes Attars (concentrated perfume oils). Ltd established in 1992 is one of the leading manufacturers of Perfumes and cosmetics in India. Patel an entrepreneur with . Company mission. MANAGEMENT SFP was started by its present Managing Director Mr. delivers the quality product with protection of environment and protect The health of customer. SFP aims at attaining. commanding market position in supply of perfumery and cosmetic product by meeting the needs and expectation of customers and enhancing their satisfaction.Company vision becomes a globally leading company in perfumes and cosmetics industry. Dinesh S. Latest GC. Viscometers and other Instruments are manned by trained personnel. He believes hard work. SFP also has 50 liter plant to cater to smaller needs DISTILLATION SFP also houses a unique and traditional perfume oil . commitment and passion combined can enrich every individual's life. It has 8 nos of blending tanks of capacity 1 ton with cooling lines. Ph meters. SFP has two tanks for alcohol storage which can hold 50000 liters. Using latest technology every component and product are tested as per international standards at all stages of manufacturing to ensure high quality perfumes and cosmetics. This plant has oil phase vessel. equipped to carry out in-house development and testing required as per laid down standards. BLENDING SFP also blends some of its Own fragrances. SG meter. COSMETIC MANUFACTURING Cosmetic products manufacturing is done is well equipped modern facilities.SFP is committed to quality through its strict quality control methods.dream and vision to make SFP a globally leading Company in perfumes and Cosmetics industry. water phase vessel and a main homogenizing vessel of capacity 1 ton. refract meters. It has DM Water plant and a RO water plant. R & D Lab SFP has well equipped laboratory and research section. SHOWROOM . Sprays. A total of 12 production lines have a capacity to fill and pack 120. Creams and Gels. sea and air to have excellent supply chain. ft and is well arranged to monitor and move material with ease. TRAINING SFP Training Centre provides trainings to all its employees on regular basis.000 units every day per shift. SFP is well connected by road. WAREHOUSE The newly constructed ware house has area of over 20000 sq. FILLING AND PACKING Production facilities are well laid down with separate buildings for Attars. All products are bar-coded for efficient identification. The training is totally based on skill and personality development to drive individuals and the company forward. Hair oils and Talcum powder.extraction unit from natural ingredients. Here by distillation oils are extracted which are used in fragrance blends. It also displays packaging material components. Zero level of non-conformity at In-process and final stage of the product. QUALITY OBJECTIVES OF SFP    On-time delivery of final product to customer. Here customers can select items of their choice for their markets.The showroom within the factory premises displays a range of products. Zero level of customer complaint to enhance customer satisfaction. . Credentials of SFP  Raad voor accreditatie. SFP commit to highest levels of integrity and professionalism in all aspect of our business. Ltd and listed in the bureau‟s register of licensees of Quality management system certification in respect of the products and services in accordance with ISO 9001:2008 and also ISO 14001: 2004 for Environment management system.  SFP is a member of export promotion council. SFP shall implement the quality management system to meet agreed requirements to enhance customer satisfaction and improve its effectiveness continually.QUALITY POLICY OF SFP SFP committed to the aim and objectives of the company to manufacture products that are satisfy customer‟s needs and expectations. . Netherland has licensed SFP Sons (India) Pvt.  SFP is register with IFRA and FDA. SFP has been recognized as one star export house having the certificate issued by the ministry of commerce & industry.  SFP is a member with Essential oil association of India.M. FACILITIES AND TECHNOLOGY OF SFP  Well planned perfume blending set up with the required vessels. water plant  R.  D. water plant. tanks and all relevant accessories.  In 2007 RAJIV GANDHI national quality award panel has awarded SFP with a  Commendation certificate for quality standard of the company at all India level.  Well-equipped talc manufacturing unit.  Well-equipped cosmetics manufacturing unit with boiler etc.O.  Traditional fragrance extraction set up for manufacturing special attars. .  Well-equipped packaging section having bottles and tubes filing and wrapping machines. government of India. The fragrances industry is big business. The illegal flow of lifestyle products confirm the great demand for these products in India.  Well-equipped in built R&D centre. Hair oil unit with automatic filling. capping machines. 20. liberalization and the IT revolution. Related industries such as chemical companies supply the chemicals and the fragrances are made from it. The growth is attributed to an increase in disposable income. From a cottage industry it has become fullfledged industry in the last two decades. WITH GLOBALIZATION. That is why. shrink wrapping and labeling machine.  The company has warehouse having a large space and materials handling equipments and forklift. very big business. The perfume industry in India has come of age. living standards of the Indians have increased manifold. The affinity of the Indians for foreign goods also compels the indigenous manufacturers to tie-up with international brands to tap this segment of people. all global players are eyeing the subcontinent for business purpose.000 bottles per shift.  Alcohol(perfumery grade) storage tanks  Quality control laboratory with advanced GC machine and relevant testing apparatuses. Most fragrances chemicals are synthesized from petroleum . The demand for fashionable products has increased too.  The plant has 12 filling lines and a capacity of 1.  Design and development department which consistently create packaging design which customers‟ purpose and also innovates new designs and present to them. It includes much more than retail sales of fragrances. The industry is growing at 125 percent annually.  All the activities of company are done in the world class software SAP business 1. The perfume industry. Some companies formulate fragrances and flavours for other companies. out of which the mass market has a 70 percent share. India. Recently. with fast changing consumer behaviour and habits. 100 crore green field perfume plant in and around Noida Special Economic Zone. it has blossomed into a full-fledged industry. was just a cottage industry some two decades ago. „Alcome Perfumes and Cosmetics‟.300 crore and is growing at around 125 percent annually.products. . The potential is immense as the middle class is growing rapidly and disposable incomes are increasing. Marketing and advertising are used to create and promote the image of a fragrance. declared a plan to set up a Rs. the Indian perfume companies are planning to change their strategies by utilizing their resources mainly for the domestic market and a meager portion for exports. Apart from that these that these companies are also planning a multiple marketing and distribution strategy to foray into a market with huge potential. China has a considerable share. But now. basically. In this. The domestic perfume market is estimated to be worth Rs. due to the huge demand among the people. The forecast is that it may grow at a rate of 200 percent in the coming years. With the growing demand for fragrance. Geneva-base International Fragrance association has estimated that the global perfume market is worth $ 40 billion.  Working environment didn‟t permit more involved way of collecting data.  The quality of inventory is not compared in analysis. The inventory turnover is in decreasing order in 2008-09 it is 3.  The study is based on two year reports given by marketing and finance department that has its own limitation. but in 2009-2010 it is 2.  Study is based on secondary data only. .  The analysis is based on figures present in the internal records only.4. By ABC Analysis we can say that there is a little difference between A B & C class items so every product is important for company.LIMITATION OF STUDY  It consumes more time and requires lots of expenditure. More time is needed to do this study. FINDINGS Company is maintaining zero safety stock it cause production loss. 5%. 34%.73% at 2010. 4%. packaging material from total inventory is 34% . SUGGESTIONS   There can be a system where in periodical review (twice in a month) of inventory could be carried out so that the inventory can be kept under control. Company‟s aim to achieve more sale it may require huge amount of inventory in future.There is positive correlation between sales to inventory. There is good relationship between company and their distributors. it shows that company can place more orders at one time. The percentage of raw material from total inventory is 23. .76 units. There should be periodical review of movement of items so that any non moving items can be identified and suitable action can be done.526 units EOQ for year 2010 is 320. that is good sign of establishment of domestic market. The percentage of finished goods. vendors and sales executives.94% in 2009 and 19. Economic order quantity (EOQ) in year 2009 is 109. semi finished good.37% in 2009 but in 2010 40%. Company is concentrating on domestic market and first time they achieve the target of 10 crore. . if the safety stock is maintained for important items.  To increase the inventory turnover ratio by increasing the sales level and maintaining the required level of inventory.  To maintain the Re-order level.  Improve the minimum value of product C up to 5%-8% in total sale value by increasing market level of these products.  It has been predicted that if company is planning to achieve more sale it may require huge amount of inventory in future. So the company has to arrange capital to meet future requirement. delay in production can be eliminated and orders can be supplied in time which will result in a better credibility in both international and domestic market. Feedback about the quantity wasted will help the store department to forecast future requirements and to focus on minimum possible waste.  There is one warehouse for keeping the finished good and packaging material and packaging material are not arranged in good manner so it should be in order wise.  There should be proper communication between purchase and production department. At present the company is maintaining zero safety stock for all items. It helps to get min return on investment in these products as soon as possible.  There is no communication from dispatch section to store department.  It is suggested that they can have close monitoring of receipts and issue for A class items in order to have control of inventory. about quantity wasted. Min-stock level and Economic order quantity company should consider the demand of the product. The company has to periodically review the inventory to avoid production loss. it increase the market level of company because trend of domestic market is changing. . Ltd about A BC analysis for items is predicting future inventory requirements etc. If you do a poor job then everything after is inventory correction” GORDON GRAHAM Inventory is the physical asset of a company that can create problem if there is shortage. Inventory is constantly changing as quantities are sold and replenished. The study on Inventory management in SFP Sons (India) Pvt. while in production and also if it‟s in excess even after production. From the study it is predicted that future sales have to be achieved and inventory level have to be maintained. Hence it can be understood that efficient inventory management can take the company to new heights and inefficient inventory management can ruin the company. The results of the study can be further extended for future research. Company is highly concentrated on domestic market.CONCLUSION “Inventory control is exercise when you order an item. ABC Analysis was carried out to identify the fast moving and important items. Pandey Ninths Edition Financial Management –S.WISEGEEK.S.INVENTORY .BIBLIOGRAPHY          Financial Management. SUMATHI WWW.C.INVESTOPEDIA.mbaguys.Kuchhal MATERIAL MANAGEMENT BOOK – BY RAJENDRA MISHRA OPERATION AND PRODUCTION PLANNING BOOK LOGISTICS MANAGEMENT – BY K.COM WWW.COM WWW. SARVANAVEL . Sharma and Sashi. M.Prasanna Chandra Management Accounting.K. APHALE PRODUCTION AND MATERIAL MANAGEMENT. Gupta Financial Management – I. SHRIDHARA BHAT MATERIAL MANAGEMENT – BY S.net .P. K.R.COM     www. D.Theory And Practice.