Sales and Inventory System for Avon Imus

Avon Corporation In order to begin to understand the industry in which Avon functions as well as the specifics around the introduction of the new EAS drive, I used the 5Cs analysis to outline the company’s current situation. Situation Analysis via the 5Cs:

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.

This worker should be restricted from taking stock. Close surveillance ought to diminish this danger. Pre-numbered dispatching forms that should be held responsible for may prevent this representative from transporting any merchandise to themselves or companions. Carrying out occasional surprise stock and resource counts and resolving the counts to the quantity documented in the records should make surveillance more practical. Utilizing systematic analysis to screen for bizarre patterns, for example, rising stock deficiencies is needed. Occasionally contrasting client and vendor addresses with those of representatives to keep workers from delivering products to themselves is likewise imperative. The bookkeeping function ought to be shared between the remaining two representatives and close surveillance ought to be carried out.

Write a 4-5 page paper in which you create a plan for a low-cost automated inventory system in which

Planning and Forecasting is a vital function of management especially as it is related to inventory management. Planning has four processes associated with it. They are establishing goals, formulating strategies, implementing the plan and evaluating its success. The planning process of inventory will assist the organization choose the correct inventory system resulting in reduced costs and increased efficiency. For any business, having large amounts of inventory could prove to be expensive. In most company’s the management team will forecast sales on a monthly basis in order to keep enough inventories to fill customer orders in a timely fashion but not have an overflow of stock. There are various types of

Write a 4-5 page paper in which you create a plan for a low-cost automated inventory system in which

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.

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.

Furthermore, it is our goal to ensure that all of the necessary visibility and metrics currently being used by each department remains as transparent as possible. The ability to manage and view the general ledger, accounts payable and receivable, inventories for each manufacturing vertical and project, and provide these through customized reports that should be not only tailored to each group but they should provide for greater control of the enterprise as a whole without the reliance on individual accounting teams to maintain accuracy and performance of their business units.

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

The system also provides productivity information. It allows management to measure productivity by region, by plant. Managers are able to utilize the data to see which employees are the most productive. The CRM system tracks our suppliers, matching the orders placed, against deliverables. This assists the firm in identifying the premier suppliers. The suppliers are given a logon, and required to submit a quote for the goods that we need within 24 hours. The pricing they supply is automatically fed into our system, and is used in the calculation to see if the projected customer request is profitable based on that suppliers quote. The analysis is generated for the plants operation manager, and is helpful in the decision making process. The investment in technology pays for itself.

The accounts payable system would include vendor master records. The user would be able to store information about the individual vendors to include contact information, order from and pay to addresses, vendor taxes, 1099 information, and vendor notes. The vendor master could also hold invoice information for them, if the same expense accounts were always used for every item purchased from that particular vendor. With this feature enabled, the user would be able to load information onto a new invoice or purchase order based on the vendor master file, thus lessening the data entry and ensuring greater accuracy in the system. If a purchase order system is being used, there would be an area for products to be stored. Within the product module, specific data about each item could be stored to include item details and price so that detailed and itemized purchase orders could be entered into the system. This would also be directly linked to the inventory system, so that when an item is purchased an received in, it would automatically update the inventory, much as when an item was sold, the inventory would automatically be decreased upon shipment to the customer.

point of sale system. The POS system is a perpetual inventory counting method that electronically records items immediately upon their point of sale (Stevenson, 2015, pg. 552). In other words, as a cashier scans a customer 's groceries, each scanned item is automatically recorded in the system and deducted from the store’s inventory. Implementing a point of sale would benefit a business’s inventory management function in several ways. First, the POS system will provide managers with a continuous flow of updated information (Stevenson, 2015, pg. 552). As a result, the information will provide more accuracy when used for sales forecasts and analysis, which substantially affect inventory decisions. Continuously, this inventory system would also allow greater flexibility in the sense that it can be wirelessly linked to the main company’s inventory system, creating a network of the company’s inventory systems. The POS system is capable of tracking many operations at once and can be modified according to management’s needs (MacCarthy, n.d.). This flexibility would undoubtedly benefit a large company like Wegman’s with many store locations. Lastly, the system is able to help businesses maintain a high level of customer service. Because the system gives customers a receipt with the price and quantity of each item purchased, the customer is able to see exactly what he or she purchased. This practice

The company problem is they using chaos system and it is difficult for the admin to estimate their profit. With the new system developed, the company can manage their inventory data easily, quickly and more secured.

i. This is and existing successful model , therefore with minimal investment we can continue service the customer.