Inventory Management And Significance Of Its Impact On...

â€Å"Inventory Management and Significance of its Impact on Business Operations† By Rubab Ashraf MIT 150692 This assignment is submitted in as final Research Assignment for â€Å"Integrated Accounting Research MA 621†. 28-June-2015 Preface: While considering the rapidly changing environment of business prevailing these days, inventory generates noteworthy impact on the day by day business operation. Adequate and efficient inventory management has dependably been connected with the business financial soundness. It is viewed as a key factor of corporate methodology went for amplifying corporate benefit. Management of inventory observed as a central impetus of guaranteeing profitability of corporates. The people involved in various researches were spurred to set out on this research, keeping in mind the end goal to convey to fore the significance of efficient framework of controlling inventory on business operations. Management of inventory is discriminating to an association’s achievement in today s aggressive and energetic market. The research looked to complete an examination on the role of managing inventory in operations of business. To explore the significance of the impact of inventory management on business operations is the broad objective of this research study, whereas the particular objectives are; to examine the impact of inventory management and its control over organization s performance, customer s satisfaction, supply chain effectiveness andShow MoreRelatedProduction and Operation Management864 Words   |  4 PagesProduction and Operation Management Cheng Guoping Chapter 1 Introduction 1. Production System 2. Production and operations in the organization 3. Function and jobs of POM 4. Decision Making in POM 5. The emergence of production and operation management 1. Production System Production and operation management (POM) is the management of an organization s production system, which converts input into the organization s products and services. 1.1 Production system model Inputs Read MoreA Case Study Analysis on the Strategic Alliances of Audio Duplication Services, Inc. (Ads)1115 Words   |  5 Pageshave a better understanding on the logistic and warehousing; and how these decisions must be well thought. Evaluation, conclusions and recommendation are done to know the best alternative for Vanity Products. Introduction Background and Significance of the Study The strategic decision with regards to alliances is an option for firms to improve and strengthen their respective firms. Strategic alliances is said to be a multi-faceted, goal oriented partnerships of companies in which each sharesRead MoreImproving The Changing Societal Norms Of Operations Management1184 Words   |  5 Pagesdynamic market place which changes according to changing societal norms. Operations management is the result of interplay between these two, (ever changing market and society) and in the process, adopted many new trends practices to serve the changing societal demands. Thus, understanding of Operations in yesteryears is essential to anticipate what beckons for it in the future. History of Operations The modern operations origin can be traced to the Industrial Revolution which began around 1770sRead MoreGeneral Motors Supply Chain Essay1574 Words   |  7 Pagesinherent with the automotive supply chain including: risk, visibility, inventory management, cost containment, customer demands and globalization. GM currently expects its suppliers to adopt a lean philosophy to ensure it becomes the low-cost producer of quality products. It employs Just-in-Time (JIT) manufacturing and utilizes distribution strategies including maintenance of regional distribution facilities and third party management of logistics. [1] An efficient supply chain is no longer capable ofRead MoreChapter 1 of Online Sales and Inventory Management System1243 Words   |  5 PagesOnline Sales and Inventory Management for Hizons Cakes and Pastries, INC†. II. Background The most popular, most obvious technological advances nowadays is the internet, which provides convenience for the lives and works of people. It already has a great impact in business especially in marketing industry; one of the examples is E-Commerce which is selling products through online. Online Sales and Inventory Management system is needed in online business, it can help the business to be broaderRead MoreThe Role of Materials Management in the Financial Performance of a Manufacturing Organization Case Study: East African Breweries Limited1513 Words   |  7 PagesUGANDA MARTYRS UNIVERSITY The role of materials management in the financial performance of a manufacturing organization Case study: East African Breweries Limited SUBMITTED BY: SAMUEL KISUKI Jr REGISTRATION NUMBER: 2012-M101-10005 A research Proposal submitted to the Faculty of Business Administration and Management April 2013 Supervisor: Mrs. Lillian Walusimbi CHAPTER ONE: INTRODUCTION 1.1 INTRODUCTION In this chapter, the researcher will talk about the background to the study, statementRead MoreWith the across the board of machine system, correspondence engineering and the web, E-Commerce, as1500 Words   |  6 Pagesthroughout the world. Store network administration under e-trade environment is a combo of e-business and production network administration. It concentrates on clients, incorporates entire the procedure of store network, makes full utilization of outer assets acknowledges quickly and sharp response, hugely lessens the level of stock. The advancement of e-business gives great circumstance to the execute of inventory network administration, and in the meantime, it additionally raises higher necessity, electronicRead MoreTotal Cost Approach1227 Words   |  5 PagesExplain the systems or total cost approach in logistics and argue( agree / disagree) how you think it adds significance to the world of business logistics Business logistics refers to a group of related activities all involved in the movement and storage of products and information. business logistics is concerned with the inbound movement of materials and supplies, and the outward movement of finished products. its goal is the delivery of the finished products required by the marketing departmentRead MoreLogistics Of Logistics And Transportation1304 Words   |  6 Pagesresult of increasing product variations and differentiation. Another factor is that many companies are concentrating on their core skills and are reducing their vertical integration. The efficient management of the resulting global flows of goods has boosted both the business and economic significance of logistics. The creation of large economic regions gives rise to international, cross-border logistics systems (The Macroeconomic, 2008). The close relationship between economic growth and logisticsRead MoreThe Material Flow And Variable Chances For Improvement1014 Words   |  5 Pages Abstract: Among the challenges faced by manufacturers in mean time, Improvement in material efficiency and the impact of material on environment are given most priority. Presently, managements mainly focus on maximizing outputs in economic terms but not on the damage caused due to processing and disposal of material. Few methods can determine the product’s impact on environment but no method can assess the material efficiency in production system. This Journal Material Flow Assessment in Manufacturing