CHAPTER I INTRODUCTION Most of the hardware businesses being establish then and now uses the same old ways of product inventory .Due to their wide business they tend to neglect the importance of product inventory. Because of the growing numbers of computers users, this became an effective medium to demonstrate the promotion of their business to the public. From manual way of product inventory it […]

The articled uploaded are very good and should be read. The lecture does not follow the format of the book but the book is easy to read and forms a background to the course. Preferred definition: (what is logistics? Why are we studying logistics) Slide Logistics/concept 3 In the definition, every word counts. Key words underlined. Logistics is a process – continually doing it, not […]

In the business world today manufacturers compete to win and satisfy their customers. The activities of the manufacturers of consumer products include transformation of raw materials and natural resources into finished goods which are supplied to the final consumer. These goods and services will go through a system that combines many variables in order to be moved from the supplier and to reach the customer. […]

Runing Head: Fiscal Accounting Work 1 Your name: Course name: Professors’ name: Date Part A QUESTION ONE Determine whether or non Large Mart would lawfully be allowed to alter its stock list cost flow premise from FIFO to Weighted-Average-Cost, and what ( if any ) legal demands would restrict Large Mart’s ability to do this alteration. Large Mart is lawfully allowed to alter its stock […]

Supply chain is a network of logistic systems. Logistics concerns one company’s system. Supply chain includes different companies. E. G. Dell computer – the logistics is Just their company but the supply chain includes all the part suppliers. Their logistics system is a part of dells supply chain. It includes also the retailers and supplier. Other company’s logistics included in Dell’s supply chain. Logistics is […]

Nowadays, many companies use modern technology in the operation of their business. However, there are some companies that still use the traditional way in processing their data and one of this is Hi-Safety Industrial Supplies, Inc. The study will propose a monitoring and inventory system for Hi-Safety Industrial Supplies, Inc. The business uses manual way of monitoring of daily transactions and conducting an inventory. All […]

The procurement life cycle followed by Nestle is broken up into several integrated components in the business and involves large number of intermediary processes like purchase requisition, purchase order, vendor involvement, goods receipt and inventory management and accounts payable. All this processes make together the life cycle of procurement process. Each time an inventory item is received or issued from the inventory at one of […]

The perpetual inventory system requires the maintenance of records called stock cards that usually offer a running summary of the inventory inflow and outflow. Inventory increases and decreases are reflected in the stock cards and the resulting balance represents the inventory. This inventory system is also commonly used where the inventory items treated individually represent a relatively large peso investment. This procedure is designed for […]

With regard to inventory management, discuss the difference between a replenishment philosophy and a requirements philosophy. BY koptgak0722 They are some difference between a replenishment philosophy and a requirements philosophy. The Inventory replenishment refers to the way an organization puts into place adequate procedures and methodologies to prevent shortages in its sales and production processes. Consistent stock deficits ultimately may generate losses, because production workers […]

The scope of inventory management also concerns the fine lines between replenishment lead time, carrying costs of Inventory, asset management, Inventory recasting, inventory valuation, inventory visibility, future inventory price forecasting, physical inventory, available physical space for inventory, quality management, replenishment, returns and defective goods and demand forecasting. Balancing these competing requirements leads to optimal inventory levels, which is an on-going process as the business needs […]