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Inventory control system Essay Topics & Paper Examples

Just in Time Inventory Management

Just In Time Inventory Management Definition: Just-in-Time (JIT) inventory management is the process of ordering and receiving inventory for production and customer sales only as it is needed and not before. This means that the company does not hold safety stock and operates with low inventory levels. This strategy helps companies lower their inventory carrying costs. Just-in-time inventory management is a cost-cutting inventory management strategy though it can lead to stock-outs. The goal of JIT is to improve return on investment by reducing non-essential costs. http://bizfinance.about.com/od/glossaryj/g/Just-In-Time-Jit-Inventory-Management.htm http://smallbusiness.chron.com/advantages-disadvantages-justintime-inventory-21407.html Advantages & Disadvantages of Just-in-Time Inventory by Neil Kokemuller, Demand Media Companies turnover significant inventory control to suppliers with just-in-time inventory. Related Articles * The Advantages of Just-in-Time Inventory Systems
 * Advantages &…

Shapers Family Shop Sales Inventory System

CHAPTER I INTRODUCTION AND ITS BACKGROUND Introduction: Computers make works easier and faster. With this thing, you can create anything like programs that may help you make your work easy. Now, we have Sales Inventory System which can be consider a big help when it comes to large businesses. It can make your work more detailed, faster, accurate and less error. The researchers conduct an interview with the owner of Shapers Family Shop at 10518 Grove Street, Lopez Avenue, Brgy. Batong Malake, Lopez Avenue, Los Baños, Philippines. (Abdul Hakeem Esmail, 2011) Manual inventory is a handmade list of materials or goods used in certain business. Like in Shapers Family Shop, they are still using a manual inventory. With this process,…