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    Summer Internship Project Weekly Report: Vishal - Balwani@ofbusiness - in

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    Chintoo Kalyanadurgam
    Koushik K reported on the activities of his first week as an intern at Ofbusiness. He spent his first day understanding the company's process flow. On the second day, he presented his learnings to his reporting manager. For the remainder of the week, Koushik searched for target customers online and compiled their details into an Excel spreadsheet. The report also included a comparison of the procurement process without and with Ofbusiness, highlighting how Ofbusiness offers more flexible payment terms and lower interest rates for customers.

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    Summer Internship Project Weekly Report: Vishal - Balwani@ofbusiness - in

    Uploaded by

    Chintoo Kalyanadurgam
    76 views2 pages
    Koushik K reported on the activities of his first week as an intern at Ofbusiness. He spent his first day understanding the company's process flow. On the second day, he presented his learnings to his reporting manager. For the remainder of the week, Koushik searched for target customers online and compiled their details into an Excel spreadsheet. The report also included a comparison of the procurement process without and with Ofbusiness, highlighting how Ofbusiness offers more flexible payment terms and lower interest rates for customers.

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    Koushik K reported on the activities of his first week as an intern at Ofbusiness. He spent his first day understanding the company's process flow. On the second day, he presented his learnings to his reporting manager. For the remainder of the week, Koushik searched for target customers online and compiled their details into an Excel spreadsheet. The report also included a comparison of the procurement process without and with Ofbusiness, highlighting how Ofbusiness offers more flexible payment terms and lower interest rates for customers.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    76 views2 pages

    Summer Internship Project Weekly Report: Vishal - Balwani@ofbusiness - in

    Uploaded by

    Chintoo Kalyanadurgam
    Koushik K reported on the activities of his first week as an intern at Ofbusiness. He spent his first day understanding the company's process flow. On the second day, he presented his learnings to his reporting manager. For the remainder of the week, Koushik searched for target customers online and compiled their details into an Excel spreadsheet. The report also included a comparison of the procurement process without and with Ofbusiness, highlighting how Ofbusiness offers more flexible payment terms and lower interest rates for customers.

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    SUMMER INTERNSHIP PROJECT WEEKLY REPORT

    Name of the Mentee: Koushik K

    Register No: 2027910

    Organization of SIP: Ofbusiness

    Name of the Corporate Mentor: Vishal Balwani


    Email ID / Phone Number vishal.balwani@ofbusiness.in
    Designation in the Organization: Intern

    Reporting week Week 1: 3rd May to 7rd May 2021

    Week 1: 3rd April to 7th April 2021

    ● DAY 1: Activities / Tasks – understanding the process flow of the company.

    ● DAY 2: Activities / Tasks – Briefing/Presenting about my learning to the reporting


    Manager.

    ● DAY 3: Activities / Tasks: - Searching for target customer online (Google) and making a
    excel list about the customers details

    ● DAY 4: Activities / Tasks: - Searching for target customer online and making a excel list.

    ● DAY 5: Activities / Tasks: - Searching for target customer online and making a excel list.
    Learning for two weeks

    Process flow without Ofbusiness (OFB) Process flow with Ofbusiness (OFB)
    Customer gives
    Customer Customer closes the
    Floats RFQ the vendor
    Supplier charges RFQ by negotiating on
    Customer for Material invoice to OFB
    2-3% per month (0-30 days) payment
    Floats purchase to immediate
    for extending terms.
    RFQ for payment.
    Material credit
    purchase

    Supplier will offer better OFB makes the


    rates as they don’t like to payment to vendor
    Customer closes offer longer credit on behalf of
    the●RFQ based on customer.
    ●
    payment terms &
    bid price.
    ●
    ●
    Customer gets
    flexible payment
    period of up to 120
    Customer makes Cost of credit Maximum cost days
    payment as per 24-36% Per of credit 15-18% Interest charged
    agreed terms. annum per Annum. on the pro data
    and only on the
    amount utilized.

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