Payroll System

Topics: Inventory, Supply chain management, Supply chain management terms Pages: 3 (980 words) Published: August 13, 2010
This chapter discusses the related literatures and studies for both local and foreign that were gathered from the internet and other published materials. 2.1. Review of Related Literatures
2.1.1. Local Literatures
Jeonsoft Solutions Enterprise
Inventory System
The aim of Jeonsoft Inventory System is to provide easier and faster way to monitor the movement of your business' stock of goods. It is interactively designed to possibly do the common tasks done in customary way. From item entry, releasing of items, inventory adjustment, transferring of goods from one warehouse to another and production, sure you can keep track of your inventory. JIS uses JibesXP Tools that has been especially configured with properties that would help you organize well the flow of your inventory. Local Government Unit System and Software Philippines

Inventory Control System (ICS)
In order to achieve the benefits and objectives on inventory, the ICS has efficient recording of inventory transactions and Monitoring of status.

2.1.2. Foreign Literature
Just-in-time (JIT), Vendor Managed Inventory (VMI)
JIT and VMI can shorten lead time, improve quality and relationships if used properly, otherwise it can lead to increased inventory levels. Key factors for enabling JIT and VMI are common goals, management commitment, accurate information and suitable software systems. Suitable suppliers for JIT and VMI are companies that have equal dependency and/or have interdependency and are willing and able to contribute to the competitive advantage of the buying firm. Supplier selection criteria are price, quality, delivery, flexibility, reliability organizational culture, structure and strategy. Implementation of JIT is not an option today at the Focal Company. Because of the good balance of power and dependence in the relationships between the Focal company and their suppliers there is a good chance of a successful outcome. The Focal...
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