Inventory Management System Essay

1776 Words 8 Pages
After almost 50 years of operation, Best Buy is the leading retailer of consumer electronics, mobile phones, computers, appliances, televisions, digital imaging, and entertainment products. The company operates online retail and retail stores under the name Best Buy and owns Geek Squad, Magnolia, Five Star, Future Shop and Pacific Sales. The company has two segments. A Domestic segment which is composed of its operations in the United States; and international which is composed of its operations in Canada, Mexico and China. The company has 1500 stores worldwide, with 1100 big box and 400 Best Buy mobile standalone stores. Best Buy has an abundance of information systems that it relies on heavily for inventory management, distribution …show more content…
In-store, there is nothing different that you would expect than any other retail business that transacts with customers. Products in stock, Sales associates scheduled to interact and close sales, and technology in place to allow this to happen. Welcome to the classic world of retail. However in order for this all to go smoothly, stores must have their shelves stocked at all times. RSS (RETEK Store Inventory System) was designed by Retek In the early 2000s, which was then bought out by Oracle, who has since updated and improved the system to be able to work with other Best Buy fulfillment and demand planning systems used by corporate.
Although a bit antiquated, Best Buy’s inventory management system, also known as RSS has a variety of benefits and is used to measure product on hands, product information, cycle counts, truck shipping and receiving and many other inventory related functions and gives management the ability to create store to store transfers and inventory adjustments to correct on-hand inventory, while monitoring rate of sale and ensuring correct on-hands. Furthermore, the store’s Sales Support Manager is responsible for everything inventory related in a store and uses RSS daily. To access this, associates must log-in to their employee toolkit, and pull up the RSS application. Associates have a slightly limited access compared to managers, with just enough functions to assist in the sales transaction.
In order for stores to maintain healthy inventory…