Inventory

Pre-Planning Inventory

Occupational safety is paramount in any working environment. In his studies, “Effective training: A case study from the oil and gas industry” Eliane postulates how culture can be used to evaluate workers and train them accordingly. He establishes some of the dominant cultures and how they affect employees in the job place (Cullen, 2001). Virtually, […]

Read more
Automated Sales and Inventory System

Nowadays, computer gadgets and various electronic communication and productivity devices are now becoming a part of our everyday lives. With the continuing conception of more technologies, systems, and applications; these tools or gadgets have been proven to lighten-up our workload, make us more productive and educated, keep us informed and closer to our friends and […]

Read more
Inventory System

In 1987, Didier Ladnere. Chairman, creates the company Frulbel Industry In Belgium, which specializes in the production of bakery ingredients. The company diversifies Its activity and starts a health and cosmetic laboratory In Belgium. Didier Ladriere creates AFC Company and invested in the production of fine Belgian chocolate for pastry chefs. The production reaches 700 […]

Read more
Inventory System

Burger Machine Holdings Corporation, more commonly known as Burger Machine, is one of the notable fast-food companies in the Philippines. Unlike other burger chains, Burger Machine has always been retailing in outdoor stands instead of shops. Outdoor stands of Burger Machine have been using manual materials inventory system for the past thirty two years. The […]

Read more
Purchasing Process

In Jack’s purchasing process, several issues need to be pay attention to reduce the risk of fraud or errors. As an auto detailing business, Jack’s Car detailing needs to purchase car decorating beauty supplies and other related surrounding decorative materials as the basic supplies for its business. In the first step, to avoid wrong order […]

Read more
Dependent and Independent Demand in Inventory Management

Inventory Management deals essentially with balancing the inventory levels. Inventory is categorized into two types based on the demand pattern, which creates the need for inventory. The two types of demand are Independent Demand and Dependent Demand for inventories. The choice of how to control inventory depends upon the fact of whether or not the […]

Read more
Copper Kettle Catering

1. The operations of Copper Kettle Catering’s delivery-only category is conductive to the application of lean concepts and practices because the Williams’ can efficiently manage the deliver-only process by minimizing excess inventory, unnecessary activities, movement and material handling. These factors will help to enhance service quality, flexibility, reliability and improve customer satisfaction. If Copper Kettle […]

Read more
Using Seasonal Indices to Analyze Inventory Data

Inventory systems are the methods by which businesses keep track of their stocks, goods, and services. Through these systems, managers are able to determine shortages in their goods and put in orders to replace those that have been sold, finished from the shelves, or sold out. Physical or Periodic Method “A period will be defined […]

Read more
Critique of Redesigning Cost Systems

The study presented four analyzes to discuss the criticisms of Standard Costing System and suggested redesigns for traditional SCSs. Authors mentioned the advantages and disadvantages of SCS, and then separately illustrated updates for variances from the aspects of raw materials, inventories, production levels and quality, and sales analysis. After that, this article illustrated several updates […]

Read more
Current Office Supplies Inventory Management Practices of Various Offices

Zipkin (2000), states that every one of us deals with dozens of inventories daily without thinking too hard about them. At home, we stock supplies of foods, drinks, soap, and many other items, because they make life easier than it would be otherwise. During times of calamities when there is no electricity and gas for […]

Read more
Inventory System

Many companies are using inventory systems for their success and growth. Inventory systems have a variety of functions purposes in businesses. Promoting the sales and shrinkage control are two main functions of inventory system. Promoting the sales function deals with availability of sufficient products for the customers where as shrink age control function deals with […]

Read more
Case Study World Co’s Supply Chain Management

1.Compare Worldco’s supply chain practices to those of most apparel manufacturers? Apparel in japan was more of based upon uncertain demand and short lifecycles.The major difference s between apparel retailing in the US and Japan was that of product variety and cost of real estate.Apparel retailing in japan mainly focused on keeping the gross margins […]

Read more
Just-In-Time Inventory System

Just-in-time (JIT) inventory systems greatly reduce inventories. The philosophy of a JIT system is that materials should arrive exactly as they are needed in the production process. Many large companies use this type of inventory system as opposed to warehousing large amounts of inventory at all times. The system requires careful planning and scheduling, and […]

Read more
Inventory Management Systems

Inventory management systems help managers efficiently manage the flow of materials, effectively utilize people and equipment, coordinate the internal activities of an organization and communicate with others. While useful and crucial to an organization, inventory management neither makes decisions nor manage operations or individuals rather, it provides the necessary information to managers who in turn, […]

Read more
Perpetual Inventory System

“The perpetual inventory system is best suited for the sort of enterprises that usually keep a high inventory and have a high turnover. It is also well suited for the type of industries where there isn’t much processing to do, so the inventory exists at only one level (for sale) rather than at three levels […]

Read more
Inventory – College Essay

Inventory functions to enable an organization to multi-task successive operations or anticipate changes in demand. They also assist a firm to produce goods at some distance from the actual consumer. Investment in inventory represents one of the largest single uses of capital in a business (Pg 118). There are four types of inventories that a […]

Read more
The Inventory System

Inventory is one of the most important in monitoring a stock that take place in business activity. The inventory system does the entire task in computing the value with inventory (cost and quality) and handling data or information. Inventory System maintains an orderly flow of supplies, raw materials, or finished goods through an office shop/factory […]

Read more
Alternate Assignment

Frank Erlacher, an inventory control specialist, is interested in better understanding the accounting for inventories. Although Frank understands the more sophisticated computer inventory control systems, he has little knowledge of how inventory cost is determined. In studying the records of Strider Enterprises, which sells normal brand-name goods from its own store and on consignment through […]

Read more
Sales and Inventory System of a Pharmacy

Technology has taken a big leap forward in 21st century, with computer programs, electronics upgrading by the month & even by the day. Technology has influenced & greatly simplified almost in every aspect of a person’s life today. It is amazing what technology has done to the society and how people become dependent on it. […]

Read more
Fifo and Lifo Inventory Methods

This paper will provide a comparison of the accounting implications of valuing inventory under the First-in, First-out (FIFO) and Last-in, First-out (LIFO) methods. With very few exceptions, every business depends on an inventory to operate. Whether the business provides a service or sells products to its consumers, supplies and stock are required to operate. In […]

Read more
Operations Management

Good forecasts are an important facet of business: “The forecast is the only estimate of demand until actual demand becomes known” [ (Heizer & Render, 2014) ]. L.L. Bean estimates that annual costs of lost sales and backorders to be $11 million and costs of having too much or the wrong inventory were an additional […]

Read more
Reebok Case on Postpnement

Question 1. Comment about the nature of the product, market and demand seasonality of the replica jersey as discussed in the case. Ans. The licensed apparel business is a high margin and attractive business. The main risk associated with this type of products is that the demand is influenced by many uncontrollable factors. To meet […]

Read more

Get access to
knowledge base

MOney Back
Guarantee
No Hidden
Charges
Unlimited
Knowledge base
Become a Member