Inventory Management

Institution Egerton University
Course Commerce
Year 1st Year
Semester Unknown
Posted By Vicky Vero
File Type pdf
Pages 12 Pages
File Size 255.14 KB
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Description

Inventories are carried mainly to meet forecasted demand, to protect against stock-outs and to decouple (provide some independence between) the successive components of the manufacturing-distribution systems. The main inventory types are raw material inventories, work-in-process (WIP) inventories and finished goods inventories. This chapter is on inventory planning for independent demand items. Independent demand items are finished products or service parts sold to customers, whereas dependent demand items are components that are used in the production of a finished product or other parent items. This chapter focuses on inventory planning for independent demand items.
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INVENTORY MANAGEMENT AND CONTROL Trending!
Inventory Includes inputs such as human financial, energy, equipment and raw materials and outputs such as parts, components and finished goods, partially finished goods or work-in-progress.
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Inventory management system project report - ICT/computer science
ABSTRACT We live in a jet age when results are expected to turn in speedily as evident in the various fields of study such as engineering, accounting, architecture , medicine to mention a few, where this concept of Computers has made tremendous impact. It is therefore imperative to embrace and appreciate it for the fact that it has made the work of humans a lot easier, faster with a greater degree of accuracy and precision. Computer Technology had also an enormous impact on Education in the 21 century, and this concept of computers is life made easy in itself exacting a kind of intelligence that transcends human ability naturally. With the availability of computer system, most institution has access to internet facilities which is also a necessity, Universities though still uses papers and manual process for managing internships and student projects adapting the traditional way. Manual process means, the student or intern’s candidate need to fill a paper form, and also need to submit it by hand to the supervisor they have chosen. During the end of study project, intern’s need to keep their supervisor updated about their daily routine of the project and the work progress by writing it and pastes any attachment. Finally, the final work will be examined by university supervisor and a jury of professors and professionals. Our Internship Management System is a management system built to automate the process of collecting, reviewing and managing applications for internships as well as managing the ongoing lifecycle of the project.
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Inventory management system project report
The Inventory Management System adequately to decide the possibility and convenience of a completed system. The main idea is to trace the trading from the sales registers with extra highlights for deciphering the information. It utilizes a server model with an associated database to permit numerous stores and other locations to be associated. This takes into account later extension while as yet supporting the focus on independent small ventures. the IMS adequately to decide the practicality and convenience of a completed framework. The center idea is to follow the offer of things from the sales registers with extra highlights for deciphering the information. It utilizes a customer worker model with an associated information base to permit various stores and distribution centers to be associated. This takes into account later development while as yet supporting the focus on private companies.Inventory Management (IMS) are generally utilized in industry these days to build the effectiveness of thin streams. The conventional technique for IMS included a great deal of administrative work, for example, a bookkeeping page and request list which will be harder to oversee as the capacity becomes greater. In this manner, IMS can be modernized to further expand the effectiveness. This undertaking intended to create IMS programming can store a huge sum of information. Other than that, the product additionally has the element of low stock notice capacity to caution the client if the thing has low amounts. To build up the product, first the measures of the product are resolved by picking the product advancement devices to build up the product that can accomplish the models of the product. Next the product will be created and fixed. This paper centers on creating IMS programming for SMEs and biomedical field organization use.
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