Coca-Cola Sales and Inventory

1087 Words Aug 18th, 2011 5 Pages
CHAPTER I

1.0 INTRODUCTION

Sales and Inventory System is an inventory tracking system that gives you up-to-the-minute detailed information on each item in your inventory. You 'll know exactly how much inventory comes in, how much is on-hand now, and where it goes.
While manual methods may have their place, most entrepreneurs these days find that computerizing gives them a far wider range of information with far less effort. Sales and inventory programs now on the market let you track usage, monitor changes in unit costs, calculate when you need to reorder, and analyze inventory levels on an item-by-item basis. In fact, many experts say that current computer programs are changing the rules of the ABC analysis. By speeding up
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1.3.2 SPECIFIC OBJECTIVES

Prevent Obsolescence - Accurate inventory reports allow management to properly evaluate inventory levels and reduce older, slower-moving inventory. This helps prevent obsolescence, a cost deducted from company profits after a set period of time has transpired.

Accurate Availability Information - Routine and regular cycle counts keep an inventory level accurate, which in turn assists the sales department in providing delivery and availability information to their customers. If inventory reports are inaccurate, a sales representative may mistakenly promise delivery to customers, thus damaging customer relations and trust.

Aids Purchasing Decisions - Without accurate real-time inventory numbers, the purchasing department must work with faulty data. Accordingly, they may neglect to purchase essential products or simply purchase too many items. This can result in delivery delays or inflated inventory levels.

Timely Problem-Solving - An effective inventory management system identifies problems quickly. The more quickly employees discover a problem, the better the opportunity to resolve the problem, learn its root cause and prevent the error from reoccurring.

1.4 SIGNIFICANCE OF THE STUDY

Sales and Inventory is essentially no less than money stored by the business. Companies must manage and monitor this asset to avoid a wide variety of costly and potentially devastating problems. Sales and
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