A CA SE ST UDY Master Project in International Logistics and Supply Chain Management Authors: Lining Bai Ying Zhong Tutor: Jönköping Jens Hultman 2008-01 Master Thesis in International Logistics and Supply Chain Management Title: Authors: Tutor: Date: Subject terms: Improving Inventory Management in Small Business: A Case Study Lining Bai and Ying Zhong Jens Hultman 2008-01 Supply Chain Management‚ Inventory Management‚ Purchasing‚ IT‚ Small Business. Abstract Introduction: The growth of small
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Misrepresentation Misrepresentation is a concept in contract law referring to a false statement of fact made by one party to another party‚ which has the effect of inducing that party into the contract. For example‚ under certain circumstances‚ false statements or promises made by a seller of goods regarding the quality or nature of the product that the seller has may constitute misrepresentation. A finding of misrepresentation allows for a remedy of rescission and sometimes damages depending on
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Different Definitions of Inventory Management ’Inventory Management’ The overseeing and controlling of the ordering‚ storage and use of components that a company will use in the production of the items it will sell as well as the overseeing and controlling of quantities of finished products for sale. A business’s inventory is one of its major assets and represents an investment that is tied up until the item is sold or used in the production of an item that is sold. It also costs money to store
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Resources are scarce; profit making organization should know how to utilize these resources effectively and efficiently. The inventory control section of a company is responsible for these activities‚ in order to continue the operation of the organization through out the year they have to use the rules and principles to handle different kinds of materials. Since it improves inventory handling activities with in the organization‚ it will help to avoid utilization of resources for un authorized purpose and
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A COMPUTER-AIDED INVENTORY MANAGEMENT SYSTEM – PART 2 11 A computer-aided inventory management system – part 2: inventory level control C.Y.D. Liu and Keith Ridgway Reviews inventory policies and lot-sizing techniques in a cutting tool manufacturer Introduction In part 1 of this article[1] the design and development of a computer-aided inventory management system (CAIMS) was described. The CAIMS system was developed for a cutting tool manufacturer‚ PRESTO Tools Ltd‚ Sheffield‚ with the objectives
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ROLE OF THE PURCHASING AGENT IN INVENTORY MANAGEMENT ABSTRACT Inventory ties up the largest amount of cash in companies‚ and inventory management decisions directly influence the purchasing function. As these activities fall under the supply chain management umbrella‚ managers cannot act independently pursuing an objective that is going to satisfy one department. Instead‚ managers foster teamwork and cooperation not only within their own company‚ but also between their company and the company’s
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THE IMPORTANCE OF INVENTORY MANAGEMENT FOR SUCCESSFUL OPERATIONS EDDIE D. DIAZ LEON October 14 Abstract: Inventories are tangible goods that are kept for sales within the ordinary course of the business or to be consumed in the productions of goods or services for a later commercialization. Inventories comprehend‚ in addition to the raw materials‚ products being processed‚ and finish products (end item)‚ merchandize for sale‚ materials‚ spare parts‚ accessories to be used during production
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AUTOMATED INVENTORY MANAGEMENT SYSTEM CASE STUDY: DIVINE SUPERMARKET BY MULINDWA KATO PAUL 11/KUS/DCSIT/246U A RESEARCH PROPOSAL SUBMITTED TO THE SCHOOL OF COMPUTER SCIENCE AND INFORMATION TECHNOOGY IN PARTIAL FULFILMENT OF THE REQUIREMENTS FOR THE AWARD OF DILOMA IN COMPUTER SCIENCE AND INFORMATION TECHNOLOGY OF KAMPALA UNIVERSITY JANUARY 2015 APPROVAL This is to certify that this research report on inventory management system by Mulindwa Kato Paul has been under my supervision and
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The purpose of this report is to gain an insight on the management accounting practices of the company. For the purpose of this report‚ Morrison is being selected. This report will analyse the company’s products‚ its competitors and the management accounting practices that the company is practising. The report will further include the suggestions and recommendations for Walt Mart about the management accounting practices of the company. Overview of Morrison Morrison founded by William Morrison
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Inventory Management 2. With the advent of low-cost computing‚ do you see alternatives to the popular ABC classifications? The alternatives would be that by minimizing the sums of the set-up cost and carrying-cost‚ you would also minimize the overall costs. 5. Explain the major assumptions of the basic EOQ model. 1. Demand for an item is known‚ reasonably constant‚ and independent of decisions for other items. 2. Lead time‚ the time between placement and receipt of the order‚ is known
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