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Thesis about inventory management - Applied Inventory Management New Approaches to Age-Old Problems- Academic Commons

The scope of inventory management also concerns the fine lines between replenishment lead time, carrying costs of inventory, asset management, inventory forecasting, inventory valuation, inventory visibility, future inventory price forecasting, physical inventory, available physical space for inventory, quality management, replenishment, returns and defective goods and demand forecasting 16. 2010 Research opportunities in supply chain management Journal of the Academy of Marketing Science 38 Raman A.- Ascertain present and future requirements for all types of inventory and to avoid stocking while avoiding bad in production. It is also recommended that the computerized system should replace the manual system of stock recording and processing in order to hasten managerial decision. Purchasing and supply chain Management, 7 th edition. 2003 4 Hoboken, NJ John Wiley and Sons Research methods for business A skill building approach Jessop D.

sundaresan 2003, Materials Management an integrated Approach, 24 th ed prentice hall of India private limited. In completing this research, 80 employees were selected randomly from the manufacturing small medium enterprise in Batu Pahat, Johor and they were requested to complete Data Flow Diagram of the Manual and Computerized System The DFD Diagram for Inventory Management System is a data flow diagram of graphical representation and commonly used also for the visualization of structured design data processing through an information system, it s an important technique for modeling process aspects with a system s high-level detail by showing what kinds of data will be how to input and output from the system, where the data will come from and go to by sequentially, and where the data result will be stored through functional

4 is the design template to add product to the existing stock. The Computerized Inventory Management System is designed with the use of Microsoft Visual Basic and Microsoft Access.

Other departments too contribute to the process of inventory control.


509 The words inventory and stores are some times confused these must there fore be clearly under stood stores means all those articles which are kept in stores while inventory comprise stores as well as materials in transit materials in products finished products and stocking company s shows rooms and distribution centers which have not been sold out. The tools which management use in its control is of vital importance. Conclusion This research has designed a Computerized Inventory Management System to ascertain stock level of a supermarket, when to order for more products, keep status and updates of transactions, thereby helping managerial decisions, progress level and stock taking. Fleet Group provides operational and technical consulting services, Management consulting services, maintenance Consulting Services to companies and government entities that own and maintain truck. Did the campus have inventory management professionals? 13-15 There are two types of inventory systems that aid to control inventory in stock Maintenance a continua s record of the physical quantities inventory. 2013 Inventory Management and Small Firms Growth An Analytical Study in Supply Chain Vision 17 213-222 Jonsson P.


About 10 goods were ordered for and were supplied., interviews, document analysis and observation in loco and they were light as the theoretical framework. Conclusion This research has designed a Computerized Inventory Management System to ascertain stock level of a supermarket, when to order for more products, keep status and updates of transactions, thereby helping managerial decisions, progress level and stock taking.

2013 An Assessment of the Factors Influencing Effectiveness of Inventory Control Ministry of State for Provincial Administration and Internal Security, Nairobi- Kenya International Journal of Business and Commerce 3 33-53 Chan S. Under stocking on the contrary is maintaining small number of material below the demand of the campus it has negative impact on the over work of the campus to achieve its goals goal. An extensive online survey was also conducted to gather latest information about some journals not available in libraries.


In this setting, two can arise between items that considerably complicate the problem. This paper explores the challenges of manual inventory management system for supermarkets and infers solutions to the current challenges by designing a computerized inventory management system to order and update the stocks.


20-2 Poor inventory management implies having enough item available when needed but not so much that an unnecessarily cost surplus incurred inventories are assort of lubrication for the supply production supply distribution system that protects it from excessive friction. Reta Megrsa MBA for this advise, support and in sight full comments in preparing of this research study. Establishing the correct quantity to order from vendors or the size of lots submitted to the firms productive facilities involves a search for the minimum total cost resulting from the combined effects of fewer individual costs holding costs, setup costs ordering costs and storage costs Tersine, R. 509 The words inventory and stores are some times confused these must there fore be clearly under stood stores means all those articles which are kept in stores while inventory comprise stores as well as materials in transit materials in products finished products and stocking company s shows rooms and distribution centers which have not been sold out. I do wish you plan to create more of these types of material.

Recommendation It is recommended that this research work should be implemented in supermarkets.

2012 Impact of just-in-time JIT inventory system on efficiency, quality and flexibility among manufacturing sector, small and medium enterprise SMEs in South Africa African Journal of Business Management 6 5786 Kamau L. 3 Program Maintenance The program may be maintained on the ground that the system requires an upgrade.

2014 Evaluation of Cycle-count Policies for Supply Chains with Inventory Inaccuracy and Implications for RFID Investments European Journal of Operational Research 237 91-105 Takim S. We propose a heuristic for this class of dynamic programming models, to obtain an upper bound on optimal costs, together with an approach to generate lower bounds. The work undertaken here is to study the effects that the phenomenon of inflation has over inventory., 2003, A Model predictive control strategy for supply chain optimization. P saxena 2003, Warehouse Management and inventory control, New Delhiviles.


- Inventory is the quantity of goods, raw materials or other resources that are idle at any given point of time.


1 Table for the Input Design to add new product record Field Name Data type Field Size Order Number Integer 15 Product Number Integer 10 Product Name Text 30 Supplier Number Integer 15 Supplier Name Text 40 Quantity Order Integer 20 Quantity Received Integer 20 Date Order Text 15 Date Received Text 15 Received By Text 30 Table 9.

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