• Thesis
    time can result in improving controls and accuracy - and even more important - customer service. As important as accurate counts are to running an 7 The Importance of Physical Counting in inventory Control Thesis University of Hargeisa effective merchandising system, the acceptable error...
    Premium 9695 Words 39 Pages
  • Research
    this study will be: 1. To evaluate the inventory control system in the organization. 2. To evaluate how management measures the inventory control principles employed in the organization. 3. To find out the importance of an effective inventory control in a manufacturing firm. 4. To measure...
    Premium 5190 Words 21 Pages
  • Teacher
    immeasurable role of inventory control in the performance and survival of firms. Inventory control has been associated with certain costs which if not controlled increases the losses of the firm. There is the need to ensure that firms understand the importance of effective inventory management and...
    Premium 3782 Words 16 Pages
  • Thesis
    effective inventory control system to be adopted by the pharmacy. The researchers recommend the following policies and procedures for the enhancement of pharmacy inventory control system: Purchasing ROP system and EOQ model: The researchers suggest the management to establish ROP for each...
    Premium 1890 Words 8 Pages
  • Bacteria
    identify the presence of inventory control problems in both physical operations and information systems areas are presented. Next, procedures to correct control problems are discussed. These include the formation of a permanent taskforce, corporate-wide education on the importance of record accuracy, and...
    Premium 2192 Words 9 Pages
  • Operation Managenent
    its hidden costs. Chapter 13 – Inventory Management: 1. Define the term inventory, list the major reasons for holding inventories, and list the main requirements for effective inventory management. 2. Discuss the nature and importance of service inventories. 3. Explain periodic and perpetual...
    Premium 1493 Words 6 Pages
  • Logistics
    Chain Management that plans, implements, and controls the efficient, effective, forward, and reverse flow and storage of goods, services, and related information between the point of origin and the point of consumption in order to meet customers’ requirements 10 Logistics – A System Concept • In...
    Premium 4694 Words 19 Pages
  • Supply Chain Management
    management and inventory activities have not changed. The inventory management system and the inventory control process provides information to efficiently manage the flow of materials, effectively use people and equipment, coordinate internal activities, and communicate with customers. Inventory...
    Premium 2838 Words 12 Pages
  • Supply Chain
    loss of inventory anywhere in the supply chain would result in loss of value, effective control of inventory and visibility of inventory gains importance as a key factor of Supply Chain Management function....
    Premium 3450 Words 14 Pages
  • Inventory Management
    The Importance of Inventory Management One of the most important aspects of any business is inventory management. Those who have never worked in the business sector may not understand the importance of efficient inventory management. But, the reality of it is if you don't have control of your...
    Premium 1020 Words 5 Pages
  • Inventory System
    inventory management. An in-depth analysis of the existing system of inventory management of MRO items is the first step. In conducting such a survey, consideration must be given to the application of the tools and techniques, which are available today for cost-effective inventory management of MRO...
    Premium 1413 Words 6 Pages
  • Strategic Operation Management
    facilities like plants and machinery in the company help in production speed, lower per unit cost, ease of manufacture and control and the efficiency in the company’s production process. Inventory control and management is one importance of operations management that Guinness Ghana limited uses in...
    Premium 952 Words 4 Pages
  • operation management
    obvious starting point of deciding which performance measure to adopt is to use five generic performance objectives: dependability, flexibility, quality, speed and cost (Slack, et al. 2012). Dependability: 7-Eleven established an innovative inventory management system fed by RIS and an effective...
    Premium 1187 Words 5 Pages
  • Logistics
    and subsequently became a very important management function in the course of last 40 years. Logistical management includes the design and administration of systems to control the flow of material, work in process and finished inventory to support business unit strategy OVERVIEW OF LOGISTICS...
    Premium 6672 Words 27 Pages
  • Marketing
    The importance of information system within the scope of company operation strategies Nowadays, modern company need a strategic information system to entry on the market and become a leader in the market. Therefore, companies need to create an information system that supports business performance...
    Premium 991 Words 4 Pages
  • Logistics
    (This article offers a useful summary of the evolution of MRP and ERP system) http://www.pacontrol.com/ERP1.html CoPlenish (This paper explains the importance of lead-times in inventory planning) http://www.coplenish.com/FreeStuffPages/LeadTime.pdf Principles of warehousing Textbook reading...
    Premium 2080 Words 9 Pages
  • Research Paper
    of the available stock control systems in OK Zimbabwe because the company is having high levels of stock pilferage due to mismanagement of stock, leading to loss of potential revenue. 1.2 STATEMENT OF THE PROBLEM Effective inventory control systems can be implemented to properly manage stocks...
    Premium 1315 Words 6 Pages
  • Logistics Overview
    received great importance in military planning and subsequently became a very important management function in the course of last 40 years. Logistical management includes the design and administration of systems to control the flow of material, work in process and finished inventory to support...
    Premium 6507 Words 27 Pages
  • Logistics
    important management function in the course of last 40 years. Logistical management includes the design and administration of systems to control the flow of material, work in process and finished inventory to support business unit strategy OVERVIEW OF LOGISTICS FUNCTION Logistical History of India: India...
    Premium 6551 Words 27 Pages
  • Development of Accounting Techniques
    inventory obsolescence, and more effective quality control. The relationship between JIT and TQM is important. Many defects in raw materials or the production process can be ignored indefinitely if high-quality materials can be substituted for defective materials, and if additional first-quality units...
    Premium 1499 Words 6 Pages