Thesis on inventory management system

Motivation and Background A sales and inventory system is a software-based business solution used to simultaneously track sales activity and inventory.

Thesis on inventory management system

The concept of demand forecasting is diminishing as more and more companies are now focusing on getting accurate and timely demand information rather than depending upon forecasts. This is carried out by effective integration of information from all the nodes of the supply chain and disseminating upstream as well as downstream.

However, there are many industries that will continue to depend upon push strategy and demand forecasting. The students may like to study about the drawbacks of traditional forecasting methods like time series forecasting, moving averages, trend analysis, etc.

Many companies want to incorporate real time data in their forecasting models and focus on forecasting for shorter periods. This requires lots of additional knowledge over and above the traditional ways of working upon past demand data. The modern forecasting models may be based on accurate knowledge of customer segments, major factors that influence forecasting accuracy, information integration, bullwhip effect, scenario planning, simulations, external factors, risks, and causal Fishbone or Ishikawa analysis.

Most of the studies may be qualitative or triangulated. Aggregation is carried out by a company to determine the levels of pricing, capacity, production, outsourcing, inventory, etc.

Aggregation planning helps in consolidation of the internal and external stock keeping units SKUs within the decision and strategic framework for reducing costs, meeting demands and maximising profits.

It may be viewed as the next step of either demand forecasting push strategy or demand information accumulation pull strategy for carrying out estimations of the inventory level, internal capacity levels, outsourced capacity levels, workforce levels, and production levels required in a specified time period.

Inventory System Thesis Essay – Free Papers and Essays Examples

The students may like to conduct qualitative case studies to research about modern practices of aggregation planning in various industrial and retail sectors. I Global Supply Chains: In the modern world, suppliers in a country are facing direct competition from international suppliers as if the latter are operating within the country.

This has happened due to modernization of information management and dissemination, supply routes, payment channels, electronic contracts, leading to improved reliability and reduced lead times of international suppliers. E-Supply Chains are linked with E-Businesses that use Internet as their medium for accepting orders and payments, and then using the physical channels to deliver the products.

E-supply chain is an excellent example of pull strategy and short term demand forecasting. Information flow across the supply chain is instantaneous because both end points and the intermediate agents work through a single Internet enabled portal.

Thesis on inventory management system

E-Bay is viewed as one of the founders of this concept at global scales with built-in electronic contract signing and management, electronic payment processing, and electronic delivery processing. The students can find various case studies on E-Supply chains, although the empirical theories are still evolving.

The research studies would be quite challenging, modern and unique, but poorly supported by literatures as the field is still evolving.

Thesis on inventory management system

K Supply Chain Risk Management: Supply chain risk management is gaining immense popularity due to globalization of competitive landscapes, and growing threats and uncertainty. Risk management in supply chains is directly linked with supply chain agility and hence it needs to be done in very organized and objective manner, incorporating quantitative models.

Sample thesis proposal for inventory system

The root of the problems lie somewhere in the uncertainties in upstream as well as downstream flows of materials, funds, and information.Inventory Management System In Partial Fulfillment of the Course CS “Web Programming” Presented by Opleda, John Lingcar R.

Gatbunton, Danica A. Poligrates, John Lander C. Tolentino, Gaylyn B. March EXECUTIVE SUMMARY This dissertation addresses the management of inventory systems.

We deal with some information issues related to the demand process. The inventory management system used in the companies leads to customer satisfaction due to the ability of the companies to meet the demand and different specifications owing to the flexible nature of the inventory management.

Theses and Dissertations topics related to Supply Chain Management, Procurement Management, Inventory Management, and Distribution Management Thesis and Dissertation topics related to reordering by an IT enabled system at fixed pre-negotiated prices whenever inventory levels dip below the reorder points, continuous.

WASP Barcoding System For Inventory and Product Management - User requirements will allow the WASP barcoding system to improve its inventory management, shipping logistics, manufacturing processes, and customer service communication.

The purpose of this thesis is to give suggestions to what decisions the ERP based on a periodic review of the inventory level and an ordering point system which Principles for inventory management at the GNT Group.

GNT Group GNT. . Inventory Management System's Central Asset Repository of information. Additionally, the Recovery Management area could utilize inventory information to identify an assets.

Computerized Inventory System for JOMIN Hardware and General Merchandise by pots macario on Prezi