CHAPTER IIReview Of Related Literature And Studies
CHAPTER IIReview of Related Literature and Studies
This chapter presents a brief discussion of the literature reviewed by the researcherswhich further enriched the conceptualization of the study and helped in describing the cognitivedesign that guided the conduct of the researcher.
Foreign Literature Inventory Systems Summary
According to the U.S. Small Business Administration, “Inventory refers to stocks of anything necessary to do business” (U.S. Small Business Administration, 2010) The U.S.
SmallBusiness Administration publication describes what constitutes successful inventorymanagement balancing cost versus benefits of inventory, including Maintaining a wideassortment without spreading the rapidly moving items too thin, Increasing inventory turnover without sacrificing service, Keeping stock low without sacrificing performance, Obtaininglower prices by making volume purchases, Maintaining an adequate inventory without anexcess of obsolute items.
It is little wonder that business experts commonly cite inventory management as a vitalelement that can spell the difference between success and failure in today's keenly competitive business world. Writing in Production and Inventory Management Journal, Godwin Udodescribed telecommunications technology as a critical organizational asset that can help acompany realize important competitive gains in the area of inventory management. According toUdo, companies that make good use of this technology are far better equipped to succeed thanthose who rely on outdated or unwieldy methods of inventory control. Automation can draidatically affect all phases of inventory management, includingcounting and monitoring of inventory items; recording and retrieval of item storage locations;recording changes to inventory; and anticipating inventory needs, including inventory handlingrequirements. http://www.studymode.com/essays/Review-Of-Related-Studies-Inventory-732920.html Foreign Studies
Automation can draidatically affect
This chapter presents a brief discussion of the literature reviewed by the researcherswhich further enriched the conceptualization of the study and helped in describing the cognitivedesign that guided the conduct of the researcher.
Foreign Literature Inventory Systems Summary
According to the U.S. Small Business Administration, “Inventory refers to stocks of anything necessary to do business” (U.S. Small Business Administration, 2010) The U.S.
SmallBusiness Administration publication describes what constitutes successful inventorymanagement balancing cost versus benefits of inventory, including Maintaining a wideassortment without spreading the rapidly moving items too thin, Increasing inventory turnover without sacrificing service, Keeping stock low without sacrificing performance, Obtaininglower prices by making volume purchases, Maintaining an adequate inventory without anexcess of obsolute items.
It is little wonder that business experts commonly cite inventory management as a vitalelement that can spell the difference between success and failure in today's keenly competitive business world. Writing in Production and Inventory Management Journal, Godwin Udodescribed telecommunications technology as a critical organizational asset that can help acompany realize important competitive gains in the area of inventory management. According toUdo, companies that make good use of this technology are far better equipped to succeed thanthose who rely on outdated or unwieldy methods of inventory control. Automation can draidatically affect all phases of inventory management, includingcounting and monitoring of inventory items; recording and retrieval of item storage locations;recording changes to inventory; and anticipating inventory needs, including inventory handlingrequirements. http://www.studymode.com/essays/Review-Of-Related-Studies-Inventory-732920.html Foreign Studies
Automation can draidatically affect