Types Of Inventory Management System Essay

1402 WordsNov 9, 20166 Pages
.1 Types of inventory management system 4.11Transit inventory Transit inventories result from the need to transport materials from one location to another. Merchandise shipped by truck or rail can sometimes take days or even months to go from a regional warehouse to a retail facility. Some big firm like supermarket uses this type of inventory. 4.12 Manufacturing inventory: Raw materials, work in progress, and finished goods Raw materials include goods in the form acquired from suppliers. For Example, Bamburi cement raw material include: clay, shale or limestone. Work in progress includes goods that have been worked or partially assembled, but which are not yet finished goods. For uchumi supermarket, these goods are unfinished product like food stuffs, are work in progress inventory. Finished goods include goods the company may have manufactured from raw materials and work in progress which are now in condition to be sold and shipped. For instance, in Bamburi industry cement is finished goods. Enterprise Application software(EAS) Enterprise application software is computer software used to satisfy the needs of an organization rather than individual users. Such organizations would include companies, banks, non-governmental organization or governments. Examples of EAS 4.2 Customer relationship management (CRM) CRM is an approach to managing a firm’s interaction with current and potential future customers. The CRM approach tries to analyze data about customers ' history
Open Document