Online Sales Monitoring and Inventory System

The company instead needs to change to a first in First out approach to keep inventory moving on shelves and develop a new enterprise resource system (Phillips, 2008). In addition to this change which would directly affect the floor employees since it is labor intensive and involves constant moving of product, the company would implement a sales tracking portable device that directly connects the store with the ecommerce site and the distributors. Under this method, store clerks can carry the portable tracker on their person and be able to directly engage with the customer by locating products faster as well as order products directly with the consumer if the product is out of stock or not carried at that location. In addition, the sales tracker will be an inventory tracker with a minimum quantity set with distributors that can automatically order additional product to keep stock or for the company to ship excess material at one location to another location in

To be successful in today’s business environment, an organization must be able to perform certain fundamentals accurately and efficiently. One of these elements is having an effective and efficient Inventory System Management (ISM). ISM enables one to have the knowledge of where his or her inventory is at every step of the way. This allows one to better interact with consumer and make sales. Choosing the right ISM can lead and pave the ground work for future business success and profitability.

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.

Handheld mobile computers are efficient, have the ability to scan and allow for accurate, real-time data and inventory control and can be used throughout the supply chain process to enable instant inventory adjustments. Bar-coding is essential for just-in-time systems. Using scanners with a handheld PC will decrease the number of errors that occur from manual entry of data for inventory purposes. (ecampus.phoenix.edu, November 2009)

The POS is a great indicator of items in stock and knows when to order more stocks of the items. Every time any item is sold, POS updates the server and the inventory amount changes. Remember that POS system is the location where a transaction or checkout takes place. POS systems are able to track the internal stock and automatically schedule the replenishment stock from external sources. This inventory management is an important part of Information Systems. Inventory management is mainly about specifying the size and placement of stocked goods. Inventory management is also required at different locations of the supply chain; this encompasses everything from replenishment lead time, carrying the cost of inventory, inventory and demand forecasting, inventory valuation, inventory visibility, price forecasting, quality management, and returns of defective goods. The inventory management needs to be handled in the efficient manner as it is

The current database provides a basic inventory system. For the new application to be a success, there are several items that need to be addressed with the current Kudler Database. For instance, Kudler needs additional tables such as Reserved Inventory table. This table will be a transaction table that will reserve the items by removing them from inventory and holding them in the reserved table until one of the following conditions is met.

The present organizational chart of the SC Department in the company includes two buyers, one material control clerk, one expeditor and two shipper/receivers. This structure was functional to the previous strategy because there was a strong focus on the purchasing function. We believe that in order to maximize the SC Department resources in accordance with the new structure the positions and functions of the people with the SC Department will have to be adapted to strengthen the inventory management function of the company. There company could benefit from having one person responsible for forecasting demand. Processes should be reviewed to ensure that the SC Department has sufficient access to information in order to achieve this task. Re-buying will also be of utmost importance now in order to ensure that there is always sufficient inventory to maintain production going.

The inventory and production departments also have issues. Currently, inventory is done by the receiving area supervisor confirming the shipping documents against incoming orders by hand. This allows for human error and is not a quick or efficient way to do inventory. The same process is used when production takes items from inventory. The inventory system is only updated once daily when new raw materials arrive and then again once daily from production when the raw material is used. The lack of tracking and checking in a timely manner leaves the organization’s processes at a higher risk of failure. The inventory system does not currently communicate with the sales or with the Finance and Accounting applications. This may lead to a

One way of monitoring the inventory system better is by setting up items on an autoreplenishment system. Autoreplenishment would be setting minimum and maximum levels for the inventory to be met. For instance,

Implementing the above automation processes will help the client to meet this requirement in a number of ways. However, in order for the automation processes to work an inventory management system must be put in place.

Based on Service Request SR-rm-001, the processes of inventory management and control at Riordan Manufacturing were evaluated. Four aspects of Riordan Manufacturing’s inventory management and control require improvements. These aspects of business are improvements to automation, inventory control and error reduction in the inventory management, as well as an overall inventory storage cost reductions. Furthermore, each part of the inventory management and control process requires a single unifying method to deliver a solution using computer systems.

Although Alliance Supermarkets utilizes a point-of-sale system to track its inventory levels and keep constant records for each location’s on-hand quantities, the firm still experiences several problems with regards to effective and efficient inventory management. As stated in the case study, “sudden changes in demand for a particular item can catch the company by surprise as it bases inventory replenishment on historical demand patterns. Further, demand patterns and preferences may vary from one store to another depending on the customers served by each, but the inventory system groups all demand information together and treats each store equally. Finally, the manufacturers that make the products stocked by Alliance Supermarkets are

Abstract-The Library management system is the application software that is developed to make a record of Book purchasing, book searching, book issuing and rent, book returned, catalogs, stock creation, all other fine books, popular and bestsellers and other Library related works. The aim of the project is to make the manual handling of Library system into computerized system which includes all above features. The scope of this software application is to generate the automatic process of manual handling of Library records and to handle the stock as well as book issues related information. Maintaining records of application for estates, the annual system is too complex & cumbersome. Since time and resources available we have been proposed to developed an inventory system

Nowadays, in an era that has advanced technology and a place in the world. Everything can be linked only at your fingertips in the times of rapidly developing with the sophisticated technology of today. Therefore, an inventory system is also not lagging behind in introducing a method of keeping an inventory data systematically and safely. The system plays a very important role in improving the competitiveness of a business. Usually, organizations today face too many challenges to achieve the cost, speed and reliability. Efficient inventory system really help in order to make sure the store’s performance and data record is always in good condition and secured from abusers. The system basically to ease the admin to manage the

A common way of decreasing the amount of inventory a business holds on a daily basis is implementing a just-in-time inventory process. A Just-In-Time inventory system means that the business gets the materials for a product, as they are demanded. “The electronic data