Inventory Management Systems and Their Descriptions

1140 Words5 Pages
Description of each inventory system 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
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