Cango Case Study

It provides inventory tracing to follow the problems and it help to make better control of the retail activities. POS system makes a business more efficient, lowering the costs and improve customer service and create pleasant environment to work in, which means it help to enhance the control of the business (which can help to keep track the price, update record and accounts receipt).

Rather than simply control supply and materials to come up with an effective inventory control system, it fully integrates the computerized information to feed into all aspects of the company. Thus, accounting, human resources, facilities and finance have access to information about the upcoming needs of the company. A shared database of common information is available to all and therefore allows for a coordinated approach to managing the company.

Walmart strengthen their network with the supplier through computerization. It allowed stores to manage their own stocks which led to reduction in the unwanted wasted inventory. It collaborated with Procter and Gamble and joined hands for an automatic re-ordering system. This way an efficient supply of goods was managed leading to higher customer satisfaction as their demands are being met. This further led to better communication hence reduction in costs. In addition to this, the employees were given a hand held computer that were used to track record of sales .Moreover, alothrimic system was used to forecast the future demand. This also helped to solve the problem of bulk items. Centralized inventory dates showed the position of a product at a given time. Walmart is known for having the largest computerized retail system due to all these cost minimization measures due to which goods and stock level were easily

4) The system keeps buffers between successive operations to maintain continuity of production (reducing the variability in demand at various stages).

• Accurate forecasting of demand so that products do not have to be thrown away as often.Accurate stock control of the raw materials.

Wal-Mart supply chain management system is one of the best in the world. Wal-Mart emphasized the need to reduce purchasing costs and offer the best price to the customer. The company directly procured from manufacturers, by passing all intermediaries. For Wal-Mart, its SCM methods yield lower costs for products and inventory, better control over selection in its stores and the ultimate result of lower prices that can be passed to customers, Trade Gecko said.(Alliance, 2014)

The inventory management is very key to a company. The reason for this is because when your

Inventory control is a primary concern to prevent overstock and out-of-stock dilemmas. Overstocking products effects the budget negatively. Out-of-stock products essentially effects revenue negatively and hinders customer satisfactions. A business intelligence model that encompasses database functionality and a point of sale (POS) system features would remedy many of the inventory control downfalls.

There are some functions of this system are tracking the stocks of the products, tracking about suppliers, and the storage time. So, it helps to control level of inventory and maximize the use of warehouse space of a company. (Mohan)

Inventory management system is a system that combines the use of desktop software, barcode scanners, barcode printers, and mobile devices to streamline the management of inventory. This system involves procurement, storage, identification, retrieval, transport and construction methods. Each is indelibly linked to safety, productivity and schedule performance. There are some inventory management problems that can occur in the companies.

Implementing an inventory tracking system. This business strategy aligns with RR’s plan to provide warehouse services to its customers. By implementing an inventory system customers will be able to keep track of how much stock they have stored in the warehouse.

Businesses can track which customers will pay there bills on time and which customers that will be late with payments. Accounting systems may also inform businesses when customers miss payments on accounts. This is particularly important for small businesses where every dollar is of the utmost importance for continued success. Then finally the businesses can use the simplify tax reporting systems shrink the amount of paperwork a business must keep on hand for accounting and tax purposes. The system can hold sales figures and estimated tax obligations, thereby reducing the stress of finding all the necessary documents when it's time to pay taxes at the end of the year. All a business owner has to do is print out the necessary information for an accountant to go over and get back to running the

Inventory control systems are used so that companies can track materials or products. Before technology was so readily available, employees of companies had a harder time tracking inventory. Today one can go into a large retailer and ask an employee to check if an item is in stock and all the employee would have to do is check a little hand held device.

An inventory management system would be a great asset to any restaurant. It is very important to be able to keep track of inventory to make sure items are being used and food costs are staying low. Having an inventory management system will

Inventory System is the process where by a business keeps track of the goods and material it has available. Sante Barley’s inventory system uses a record book where they process the records of every In and Out of goods in the factory or company.