Course Project Week 3
Shimere Alexander
MIS535
Managerial Applications of Information Technology
Professor Wayne Freer
January 27, 2013
Subject of Course Project
The purpose of this course project is to address the ongoing issues surrounding my companies, REI (Recreation Equipment Inc.,) inventory management issue and to see if we can find a software program better suited to the companies needs. The goal is to find products quickly and efficiently. Customer satisfaction is key to driving sales and profit in any company. As a result a software upgrade is certainly needed in order to compete with other companies in the same industry.
Name of the Company REI is a
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General Benefits for Company/Audience By taking this approach I believe that not only will the company itself benefit from the changes but the customers and employees as well. From the company side of things, they would see a higher profit margin from customers who would consider placing more orders. They would also see a drop in cost’s as far as employee payroll is concerned and telephone cost’s. Customers benefit by now having less time spent waiting for an item to be located, instead being readily available. When this occurs they are more inclined to come back and make similar purchases instead of going elsewhere because turnaround time is much quicker with less hassle and uncertainty on their part. Employees would be able to focus more on customer’s in their store and less time on phone lines or tracking down product’s. This eliminates customer dissatisfaction in stores and allows sales to grown since more customers would stay and shop as oppose to leaving angry for lack of
Disney used the character of Mickey Mouse and others to create movies that customers enjoyed like “Beauty and the Beast” while Pixar was producing made up animated characters to create films like “Cars” and “Wall-E”. Disney was creating animated movies but struggling to generate the amount of money Pixar was making on producing only one movie a year. Disney wanted to grow in creating more animated movies and decided to buy out Pixar in 2006 for $7.4 million dollars. (Barnes, 2008) According to Disney’s CEO Robert
When we have a high coefficient of correlation like 0.75, means that there is a strong linear relationship between the credit balance and the size.
As the inventory has normal upkeep which may not appear to be an overwhelming assignment, as it has one special case. It gathers the data by the nine database frameworks which gave by parts producers. Over numerous years the procedures require various projects and help to take more opportunity to finish as it require help for preparing amid troublesome times and learning through entangled framework work. ETAI utilized various projects and create grouping the information by various
Project managed the Implementation of a mobile inventory control solution used to manage and automate return to vendor invoicing, markdowns, hazardous waste, and marking stock out of inventory for eight Macy’s divisions.
The factors for the loss of revenue are: 1) Having an outdated application/ database server, 2) Having outdated sales and inventory management software, and 3) Not implementing e-commerce as a business model. We depend on the server to maintaining accurate data, in terms of inventory and sales data. Ziggy’s Suit shop cannot maintain accurate sales, and customer transactions. The problems seem to reflect the outdated sales management software being used at the time. The Ziggy’s Suit Department is having additional problems with maintaining accurate designer inventory data this includes; quantity of products hand, amount products sold, amount of inventory on order, price at point of sale, and the expansion of new designer inventory.
Throughout the process, in which my group and I researched, designed, tested, and made improvements, we accomplished in meeting all of the requirements that were expected. In milestone 1 we were expected/required to conduct research on our specific species in order for us to gain some background knowledge and a better understanding on the species population we as a group are attempting to avoid/get rid of. During this research process, we used our electronic devices to find online sources for us to base our product off of, which met the 21st-century skills outcome. I as well met the 21st-century skills outcome, during the design process, when I researched several natural remedies/material I could add to my product. Through the design
It also provides the company with a cost range for bidding (in the case of a customer-oriented project). With respect to Work Breakdown Structure and project schedule, cost estimation is important because it leads to budgeting of monetary and other resources (both material and human). These allocations must coordinate with the Work Breakdown Structure and project schedules prepared by management to figure out if the required resources will be available as needed.
It will reduce the facility cost of the company. The safety stock required in centralized system is also less. It will also reduce the inbound transportation costs. The disadvantages of such a system are that the lead time will increase and it will become difficult for all the customers to easily approach a single warehouse. The activities will become complex and the outbound transportation cost will increase.
Project description: The proposed IT project is the development of an industrial packaging software for Rusty Rims Company. This project will serve to control the movement and storage of materials within an operation and process the associated transactions. The major function of the software will improve the efficiency of a company's warehouse operations and standardize business data across their entire organization.
One of the primary reasons the company is deploying an ERP system is its desire to replace manual processes in its inventory management. Typically, as a company grows, the data that is being produced becomes more than what a manual system is equipped to handle and a gap is usually created. Consequently, without visibility into data concerning critical operations components such as sales, forecasting and inventory, our procurement professionals are having a difficult time knowing what and when to procure. To address this kind of situation, the solution suggested in the players manual is to maintain production levels and requirements on-hand. This solution will help in reducing stockpiling and instead
Inventory: Technology can undoubtedly revolutionize the retail backdrop. There are technologies that can save any retailers from theft, cheating and evade inventory dysfunction.
An inventory management system, inventory control and inventory accuracy are paramount to a mass production manufacturing facility, especially when multiple part types and multiple product types are being produced. Raw component inventory can account for millions of dollars of an organizations’ cash, which is not contributing to profitability until converted to a product and sold. Therefore, it is essential for an organization to have an inventory management system and an inventory control process to account for the value associated with each part and ultimately to return value to the operation.
An inventory control system is important for any business in ensuring quality control of consumer goods and as such, a good inventory system is essential. There are numerous inventory management systems, and examples include Systems Application Programming (SAP) System and JD Edwards inventory systems. SAP is an Enterprise Resource Planning (ERP) system that facilitates how businesses run their supply chains. SAP provides businesses and their supply network a quick access to supplier information, building a patent supply network that promotes a resourceful relationship for a more supple and receptive supply network. SAP supply-chain management (SCM) has several components that let the system to follow, to record and communicate inventory information among all partners in a supply chain network. These components include the SAP Inventory Control Hub for sharing inventory, auditing transactions, and logging communications for orientation through the internet. SAP also has a Vendor Management Inventory solution, which the vendor can use to manage supply concerns. SAP uses tailored automatic alerts with the involved parties having to agree upon the criteria to apply. SAP allows the transmission of these alerts through various communication channels such as cell phone, email, and pagers among others. Vendors can also use email or a web browser to update the SAP installation. On the other hand, SAP in-place system works on inventory levels
After the grocery retailer had been through several mergers, the warehousing system needed substantial changes in order to accommodate the needs of a new warehouse that would serve the newly acquired divisions. The company had the choice of purchasing an appropriate warehousing system from a software company dedicated to the development of such systems or making the needed enhancements to its in-house developed system. Because of a perceived need to keep the existing information technology staff busy and concerns about the expense of purchasing a
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 of reducing inventory investment and improving productivity, customer-service level and plant efficiency. The CAIMS system consists of four modules incorporating analytical techniques for ABC analysis, forecasting, economic batch quantity