This website uses cookies to ensure you have the best experience. Learn more

Inventory Management Systems Essay

1373 words - 6 pages

Inventory Management Systems
CIS 210
Nathan Heil
Prof. Kurt Brandquist

In a changing and growing market, many businesses are turning toward automated systems to perform not just inventory, but many tasks that are in their everyday routine. Automated systems can replace the cost and time consuming processes that were once completed by hand while providing companies with more accurate data. This system is used to track the merchandise and goods of retail stores, grocery stores, hardware stores, etc.  In this paper I will discuss the background of automated inventory systems, including what they are, how they work and what type of data and what goes into the implementation of ...view middle of the document...

   This process allows data to be more accurate than the previous process because the business knows exactly how much inventory they have in stock at any given time.  If the inventory becomes low, the business is notified by the system to order more inventories. 
Now that we know how an Automated Inventory system works, let’s take a look at the cost and maintenance of such a system. Given that the provided scenario/business we have is small, we can take a look at more cost-effective solutions that can still provide an effective system in a retail environment and yet, not break the bank in doing so. For logistical purposes, I will break down the price by each piece of necessary inventory. Firstly, we need the bar code scanner. In today’s market, there are a wide variety of different brands and models of bar code scanners which make it easy to find the right one that fits your budget. Three of the top selling bar code scanners are the Honeywell Xenon 1902h (for approx., $860), Symbol LS2208 (for approx. $120), and the Unitech AS10 (for approx. $50). Given that we are looking at cutting costs for this type of a system and also given the low volume the system will be dealing with, it would be prudent to choose the third option as the better fit. Keep in mind that you could purchase two of these scanners for a price that is less than the total price of the two previous options. Along the same lines, there are other methods to scanning, such as mobile computers. However, these tend to be on the high end in terms of price and so this would not be the prudent route for a small retail business.
Next up is the software to store and process the inventory for your automated system in various ways. As a general statement, this is where your money will be spent most on. Regardless of what you are trying to accomplish, you will need to make sure that the software has the necessary requirements for what you’re trying to accomplish in your business setting. There are so many options for this type of software but, one option that is top rated on multiple sites is labeled Scout topShelf Plus. With this software, you will have the ability to create purchase orders/sales orders, receive products, pick/pack/ship products, create reports, manage serialized assets and integrate your barcode scanner or scanner’s. Relative to the rest of the competition, this software is priced at $600 and that is a one year price. This is a fairly new product and so this price is for one year, as it is a cloud based application that will store any information on a server rather than relying on your computers HDD space.
Moving right along is the bar code printer of which prices will change frequently and you will need to provide up to date information regarding your products to customers and employees alike. These printers can be used for printing asset labels from your desk or in the warehouse making shipping labels. In this market, there are, once again, an abundant amount of...

Other assignments on Inventory Management Systems

Chapter 2 Research Essay

1374 words - 6 pages ongoing inventory controls that reduce shrinkage. Use of these resources makes retail activities much easier and efficient. Using computerized sales and inventory systems allows for much greater accuracy in stocking and product management. They encourage ease of interaction between employees and shoppers as transactions are processed and items move from the business to the consumer. Computerized sales help provide better insight into which

Riordan Manufacturing Final Paper Bsa 310

1270 words - 6 pages investment into new business systems. First, incoming and outgoing inventory should be barcoded such that handheld scanners may be used for inventory management, eliminating the need for manual usage logs and inventory forms. Second, order tracking should be centralized into an online web application – regular customers will be able to input their orders directly into the site, which will automatically generate the order form and enter it into the Customer Shipping and Billing System, while sales staff will use the same system to input orders that come via phone or fax.

Course Proposal

628 words - 3 pages reduce responsibility of employee operations, increase awareness of equipment inventory management as well as financial management aspects of Penske Truck Rental. Approach Define the margins of the cloud computing systems to determine how to integrate efficient ERP platforms to incorporate IT costs, advance the financial reporting process, and improve upon the operational processes and equipment monitoring efficiencies across the board. Penske Truck

System Inventory

650 words - 3 pages University of Phoenix Material System Inventory Select and complete one of the following assignments: Option 1: Virtual Organization System Inventory Option 2: General IT System Inventory Option 1: Virtual Organization System Inventory Select one of the following Virtual Organizations: • Smith Systems Consulting • Huffman Trucking • Kudler Fine Foods Complete the following chart, filling in information for each

Inventory System

282 words - 2 pages of computerized and automated systems. And in fact, nowadays, the use of computer-based business system has become prevalent all throughout the developed and developing countries around the world due to the increased productivity and efficiency of data processing. 4 Foreign Studies: 1. Inventory management in a manufacturing/ remanufacturing hybrid system with condition monitoring Introduction: Traditional supply chains consist of manufacturers, who process, assemble and sell products to customers.


523 words - 3 pages , Kudler uses a comprehensive Retail Enterprise Management System (REMS) to run their business. It provides basic operational functionality but does not support Kudler’s growth strategies. However, the implementation of a new inventory module will streamline purchasing and reduce spoilage. Through enhanced accounts payable and accounts receivable systems, inventory updates will be more timely and accurate. The addition of the software will improve

System Analysis Ch1

849 words - 4 pages billing systems. 3. Business support systems provide job-related information support to all users of a company for example inventory reordering systems. 4. Knowledge management systems simulate human reasoning by combining a knowledge base and inference rules that determine how the knowledge is applied for example technical support knowledge base. 5. User productivity systems provide employees at all organizational levels with a wide array of tools

Sap Warehouse Management

1573 words - 7 pages been incorporated to this process. These are inventory management and planning, cost management, container storage, loading and unloading of goods, warehouse design and warehouse process design. Warehouse management starts with the initial planning of container design of a product, and then monitor the progress of the product through warehouse (SAP AG 2011). Benefits of Warehouse Management System According to Warehouse management

Information Systems: Running And Managing A Business

4298 words - 18 pages Introduction
 Summary 1. Explain why information systems are so essential in business today. Information systems are a foundation for conducting business today. In many industries, survival and even existence is difficult without extensive use of information technology. Information systems have become essential for helping organizations operate in a global economy. Organizations are trying to become more

Buisness Analysis

2892 words - 12 pages losing money and has no inventory or supply management. It has no ability to track down current cost or any financial data. The company has no support of cataloging for pricing of any product. Records are not filed, and there is no real organization. By implementing new technology to this company it can be more productive and self sufficient. With new software and other new equipment it will make a tremendous impact and smooth

Global Supply Chain Management

1595 words - 7 pages systems Top management commitment Mutual trust … 22 Important SP Issues Inventory ownership: Supplier owns the goods until they are sold Retailer owns the goods Performance measures: Fill rate, inventory level, inventory turns 23 Important SP Issues Confidentiality Communication and cooperation When First Brands started partnering with Kmart, Kmart often claimed that its supplier was not living at all times. It turned out

Similar Documents

Kudler Foods Data Tables Essay

599 words - 3 pages , the management of Kudler will be able to increase efficiency of inventory processes.   References Bagranoff, N.A., Simkin, M.G., & Norman, C.S. (2008). Core concepts of accounting information systems (10th ed.). New York, NY: John Wiley & Sons, Inc. University of Phoenix. (2007). Kudler Fine Foods vitual organization. Retrieved from University of Phoenix, ACC542 website.

Inventory System Essay

1021 words - 5 pages Automated Inventory System for a Small Business CIS 210 January 15, 2015 Budget Plan for Automated Inventory System Inventory systems can be a challenging and costly part of running a small business. Many businesses today are heavily reliant on automated inventory systems to alleviate the frustrations of manually tracking and reordering items. Automating the inventory system to a small business may seem costly, but it is really

Business Essay

1180 words - 5 pages methods of inventory control. Automation can draidatically affect all phases of inventory management, including counting and monitoring of inventory items; recording and retrieval of item storage locations; recording changes to inventory; and anticipating inventory needs, including inventory handling requirements. This is true even of stand-alone systems that are not integrated with other areas of the business. But many analysts indicate that

Northcutt Bikes Case Study

1061 words - 5 pages recommendations based on continuous review systems to determine the economic order quantity, reorder points and safety stock. On the other hand, if Art does push back, the result could be a constraint that limits throughput for the entire process chain. Summary and Conclusion In summary, Northcutt Bikes has an inventory management problem that has caused the current state of having a warehouse that is 95% full however only meeting less than