...DESIGNING AN INVENTORY SYSTEM WEEK 2 – ASSIGNMENT 1 INVENTORY MANAGEMENT SYSTEMS Designing an effective inventory system for a small business can have a rewarding effect on a business with proper planning and implementation to provide employees and management a way to manage inventory. Having a proper plan in place it will save the company money, time, and provide a balances way of having stock available for customer. Assigning product code numbers on clothing merchandise upon delivery from vendors allow the item to be accounted for and to re-ordered the item and ensure that it will always be in stock and not create overstock that hurts company profit. Not meeting customer demands for a product by not keeping it in stock lessens the chance of repeat customers. There are a few disadvantages to having an automated inventory system such as human error due to inventory not being logged properly, software issues such as power outages, and software errors. Viruses and hacking can be an issue as well. Providing a backup of the inventory is a great way to ensure no total loss of inventory information. Policy and Procedures will need to be developed for employees and management to ensure everyone is being consistent with documenting inventory and to reduce errors. A case study done on the Herman Goelitz Candy Co. showed the difference having an automated inventory system had on the operations of the company. By utilizing this time of inventory control it gave them greater control...
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...Systems Build Project MGT222 – Management Seminar Inventory Management Buehler’s Fresh Foods grocery store in Ohio, founded in 1929 by E.L. (Ed) Buehler and his wife, Helen, has a long and successful history, mainly due in part to Ed’s vision and his experience as an A&P employee. After opening their first store in New Philadelphia, the Buehler family moved the business to Wooster in 1932 and opened a store near the northeast corner of Public Square. Today, Buehler’s Fresh Foods is still owned by the Buehler family and operated by its “third generation” from the store’s Wooster headquarters. The Buehlers’ innovative and creative spirit has made the Ohio grocery store chain a pacesetter for independent grocers nationwide. (Buehler’s Fresh Foods) Needs Analysis Unfortunately, Buehler’s Fresh Foods is lacking the technology needed to compete with the market today. Currently, the company tracks inventory with a simple pen and paper technique. This system requires hours of unneeded manpower and is very inefficient in determining the perishable dates of many grocery products. Proper inventory management will allow the company to track the products they sell. The company can see at a glance what items they sell the most, what time of the year that more are sold, and have a chance to see what patterns develop so they can plan buying accordingly. It will also help them track products that don't sell as often, or at all, so they can either not order as much as they would routinely...
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...Manufacturing Business Proposal CIS 207/Information Systems and Fundamentals Executive Summary Riordan Mfg. is a successful industry leader in the field of plastic injection molding and many other products. As with any successful company, your company is growing. With growth comes growing pains. In this proposal you will find a lot of detail that our team has provided to you about these key items. Let me start with the requirements for the system. Business requirements * Changing system needs from manual tracking to the digital tracking system our team has provided. * Digital tracking incorporated into your shipping department, receiving, and manufacturing. * Full system communications upgrade to include mobile and internet marketing sales. The system upgrade that we are proposing will increase productivity at an exponential rate. Being able to track your productivity digitally at your work or at home will give your company a distinct advantage of real-time marketing strategies and reports. This is important information you need to make those last minute informed decisions without fear of making the mistakes based on erroneous information. Internet and Mobile Access * Suggestions (CMS) Content Management System * Online ordering * E-Commerce Executive Summary With this system you will be able to communicate with a great deal more people and be able to push your products online which will boost your sales. With online ordering it will cut the cost...
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...Integrating RFID (Radio frequency Identification system) and bar-coding Business systems management in Aero Steel Mike Vargas Applied Business Research Project IS535 Managerial Applications of Information Technology- Session SEP08-Sec O Professor Alice Richmond Contents Abstract 3 Technology Improvement Paradigm 4 Company Data 6 Current Business Issues 7 Topic Research 8 Benefits and Recommendations 11 Conclusion 13 Bibliography 16 Abstract In today’s evolving global markets, construction companies need to develop business solutions to advance bottom-line results, improve operational processes, and recognize problems and solutions quickly, and systematically and effectively implement supply chain management methods. In particular the Structural Steel and Miscellaneous Metals Industry must improve its ability to match the ever increasing demands of the customer-driven market place. As Architectural and Engineering firms set the standards of technology use in their industries so must the steel fabricator to “confirm to owners, the design community, building officials, and the construction industry that a certified structural steel...
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...AC 550 Accounting Information Systems Date: October 10, 2011 Introduction Wal-Mart was founded by Sam Walton in 1962 with the first Wal-Mart discount store opening in Rogers, Arkansas. The company was officially incorporated as Wal-Mart Stores Inc. on October 31, 1969. Currently, Wal-Mart has stores in 50 states in America and 15 countries worldwide, including Argentina, Brazil, Canada, Chile, Costa Rica, El Salvador, Guatemala, Honduras, India, Japan, Mexico, Nicaragua, Puerto Rico, and the United Kingdom. The growth of Wal-Mart over a period of 49 years is remarkable and has lead Wal-Mart to become the biggest retailer in the world. Wal-Mart also has a strong community presence in the areas the stores are located. Wal-Mart’s purpose is to save people money and to help them live better. In 2007, Wal-Mart changed its slogan from “Always low prices” to “Save money. Live better.” This slogan is demonstrated in the products that Wal-Mart sells. Wal-Mart will not be undersold. Wal-Mart caters to the low income and middle income people by offering goods at low prices. These low prices are demonstrated in the products Wal-Mart sells. The products include: food, drink, clothing, jewelry, electronics, automobile supplies, sporting goods, toys, and furniture. Basically, Wal-Mart offers customers a one stop shopping experience. In order to provide this variety of goods to customers at the lowest price, Wal-Mart sets up a huge supply system worldwide and has evolved into...
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...information can give them competitive advantage and sustaining their success (Porter, 1985) and it only depends on how businesses are able to deal with the high level of complexity which, is directly linked to how well they manage their information, people knowledge and information system. In this report, a retail store called “E-Market” is the chosen company, which does not use well the information system in order to gain competitive advantage from their competitors. It is a small retail store with 4 employees and sells drinks, cigarettes, ice cream, cakes, haribos, chew gum, etc. I will describe what E-Market has to do to manage well their information in order to add value to the company. Also I will explain how technology can be useful to manage information in the company and I will make 3 years information management plan, which I will make some recommendations for the management of information and the purchase of suitable software. Finally, I will explain why my recommendations will enhance the performance of the company. 1. Information management for better performance of E-Market One of the best strategy for better performance is to adopt an information system within the company, which will help the company to make the adequate use of its data, reduce workload and assist with compliance with various mandatory...
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...Technology to advance sales for Nutz n Boltz Hardware Corporation Mohsin Ahsan Managerial Applications of Information Technology 535 Keller Graduate School of Management August 1, 2013 Professor Jorge Echavarria Technology to advance sales for Nutz n Boltz Hardware Corporation 1.0 Abstract This paper will address the role of information systems in a new startup hardware store, Nutz n Boltz Corporation. The company intends to utilize its ability to use information technology and ability to implement corporate strategies and achieve its corporate goals as well. The company has decided to invest heavily in information systems to achieve several strategic objectives: operational excellence, services, customer and supplier intimacy, improve decision making, competitive advantage, and survival. In order for the start-up hardware business to be successful, the company will have to overcome several obstacles. There are several methods and options that the company can choose from. This paper addresses each problem and then discusses the best solutions that will tackle each problem. These solutions will allow the company to be successful. 2.0 Brief Company Background Nutz n Boltz Corporation is a hardware store located in downtown Los Angeles, California. The business is a startup. Their mission is to put their customers first by providing the best customer service, most complete selection, and the highest in stock level at the right price through friendly, motivated...
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...A STUDY OF 99 SPEEDMART’S SUPPLY CHAIN STRATEGY, ISSUES AND CHALLENGES RETAIL SUPPLY CHAIN & LOGISTIC MANAGEMENT (RSCLM) LECTURER: MR.RAZIF PREPARED BY: MAGENTHIRA MOGANAMALAR RENUKA PUTRI FARHANA BINTI MOHAMAD ASRI (6102010171) MBA 99 SPEEDMART INTRODUCTION 99 Speedmart mini markets have more than 3000 kinds of groceries offered and highly organized environment easier for customers to choose and find the desired item themselves. They will put these mini markets strategically positioned in close proximity to residential areas and neighborhood customers to facilitate their daily expenditure. Nowadays 99 Speedmart supported by three distribution centers with a size of 80,000 square feet, 65,000 square feet and the third distribution center with size of more than 100,000 quare feet. 99 Speedmart able to achieve economies of scale in bulk purchasing of goods, thus helping to improve efficiency and reduce costs. At 99 Speedmart, they always offer low prices every day and saving can be delivered to all customers. This store started in 1987 as a small grocery store and up to now have more than 300 branches throughout Malaysia. 99 SPEEDMART’ HISTORY Starting at year 1987, 99 Speedmart with form of a traditional “mom and pop” sundry mart called Pasar Raya Hiap Hoe by Mr. Lee Thiam Wah in Tepi Sungai Klang. Mr.Lee starts a business with very humble beginning and only through personal interaction with suppliers and customers. After doing business for 5 years...
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...Technology in Warehouse Management Brandon J Willis The University of Southern Mississippi Technology in Warehouse Management Abstract: The purpose of this research is to identify some technologies in the warehouse and how they are used in the everyday warehouse operations. The first section briefly goes over the history of warehousing. The following section describes a Warehouse Management System and its cost. Then the different technologies that are used in the warehouse are explained followed with the benefits of each and the conclusion. 1 Introduction For centuries there has been a need for warehousing. Most of every product or item that one will acquire will pass through at least one warehouse before it ends up on a store shelf. With the need for warehouses increasing, there comes the need for the technology to run those warehouses to become more efficient. Warehouses have gone from being a small facility to being hundreds of thousands of square feet and can house thousands of different products and items. This is where new advances in Warehouse Management Systems come into play. There are many picking and storage systems and software available in the market today. This has not always been the case when it comes to warehousing. In order for the efficiency of a warehouse to become better the warehouses have to grow around the new technologies that are being offered. Warehouse efficiency has been the main focus for management in today’s global...
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...New System Proposal Part 4 MRP Proposal – Overview and Scope of Work Riordan has 500 employees with a projected annual earnings of $46 million and a fortune of 1000 enterprises with revenues of $1 billion. Riordan Manufacturing has 4 worldwide locations Albany Georgia, Pontiac Michigan, Hangzhou China, and the company headquarters in San Jose. Riordan is seeking a solution to improve the tracking and management of its raw materials and finished product inventory across all its plants. The receiving, manufacturing, and shipping process throughout all Riordan plants is predominantly manual and batch oriented. These manual processes are slow, prone to error, labor intensive, and the information transfer is slow. In addition, the annual physical inventory process is very costly across all of Riordan's facilities. The annual process of inventory is not reflective of inventory on a quarterly or monthly basis. Losses to inventory of finished product, raw materials, and supplies cannot be adequately explained on an annual basis. The company’s internal stakeholders are the receiving, shipping, and sales departments, inventory clerks, and technical staff. The external stakeholders are manufacturers, suppliers, and clients. Riordan strives to continue to be an industry leader in polymer materials manufacturing and distribution. While we are only addresses some of these stakeholders with our system, the company’s overall objective is to have an ERP that wraps around their ERP, CRM...
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...franchise of three stores currently. Each store provides the quality of service you would expect from a specialty store. Even though small in size the product selection is large. The current operating system each store has needs to be upgraded. All stores should run the same equipment requirements and software. Initially there would be cost involved for the upgrade but it is definitely a well worth investment to improve sales inside the stores and online. Adding the feature of ordering online would boost sales. Kathy Kudler would be able to create this online ordering site from within the current site or she could bring someone in to create it. Again it would be a well worth investment. Kudler Fine Foods is an amazing company but the website lacks information and customer satisfaction. When a customer visits the Kudler Fine Foods website we want them to experience the very best customer service while allowing them to want to revisit. We have to improve a lot of problems with the Kudler Fine Foods website to better help our customers and in order to do that we are going to improve the websites appearance, improve communication, which will include a 1-800 number for customers if they have a problem, create a FAQ page/email and most importantly upgrade the computer systems and software at all 3 locations for uniformity. The purpose of this project is to improve how customers view our company and to better manage our business. We at Kudler Fine Foods would like to give our...
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...Buster’s, Inc. utilizes various systems for its day-to-day functions. Because the technology in the organization must support restaurants, warehouses, and the corporate office, several systems must be integrated to work together to support all the activities of the organization. Dave & Buster’s restaurants, known as stores, require detailed point-of-sale, or POS systems, labor systems, and inventory systems designed for restaurant use. Warehouses require inventory systems, which also tie into the financial system. The corporate office requires a financial package that supports approximately $521 million in revenue per year and inventories of approximately $13.8 million per year, based on 2009 annual reporting (“Dave & Buster’s”). As well, the corporation must also utilize a powerful human resources and payroll system that is capable of supporting approximately 8,000 employees in the United States and Canada. Each of these systems and various other in-house developed applications are supported by a host of servers, switches and other hardware that must all work together to provide optimal support to keep the stores functioning. All of these systems allow Dave & Buster’s to provide the best service to its guests while also providing in-depth reporting to its management and executive management. To begin with, a SWOT analysis was conducted to analyze Dave & Busters’ strengths, weaknesses, opportunities, and threats in the area of technology and systems. The organization has many...
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...Computer Information System Brief ACC 542 Professor Irene Branum November 7, 2011 Kudler Fine Foods Kudler Fine Foods, an upscale gourmet food store, was founded in 1995 by Kathy Kudler. Their original location started in La Jolla, but recent expansion has allowed them entry into two additional locations, Del Mar and Encinitas. Each location is approximately 8,000 square feet of retail space situated in a fashionable shopping plaza. The Kudler Company offers the highest quality products to its customers in gourmet foods and fine wines. Their merchandise selections, combined with their knowledgeable and accommodating staff, have contributed to Kudler’s reputation for excellent customer service and superior product offerings. This reputation has increased proprietor confidence in their continued success, and has also influenced the potential plans of Kudler to continue their expansion into additional markets (Kudler, 2010). Further expansion will require a detailed analysis of the strengths and weaknesses of Kudler’s operations, their current computer system, and their usage of technology. This brief is to identify if improvements are necessary, or if operations can continue for Kudler on their current and familiar basis. There is also a need to evaluate the current accounting practices and isolate potential weaknesses that may possibly obstruct Kudler’s growth opportunities and expansion objectives. In addition, this brief will help identify threats that Kudler may need...
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...value is driving organizations to identify and adopt appropriate new and innovative technologies in order to endure and thrive in today’s dynamic marketplace. Of significance is Porter’s (1985) approach to value chain analysis which argues that organizations can achieve competitive advantage by effectively managing its core competencies and activities to create cost advantage and/or differentiation by leveraging Information technology (IT) as a major strategic tool. The latest revolutionary technological breakthrough is the emergence of the Radio Frequency Identification (RFID) system which has the demonstrated ability to identify, track, trace and collect information on almost any physical object wirelessly, using electronic tags and radio waves connected to local and international telecommunications networks. RFID therefore provides at least a viable alternative to and significant advantage over the use of barcodes by making use of internet technology and thus providing unlimited opportunities for added value creation and business expansion. While, admittedly, it is no magic elixir and has serious implementation challenges, its full business benefits can be achieved once careful strategic analysis identifying the specific needs of the organization is exercised. RFID is part of the Automatic Identification (Auto-ID) technological grouping which includes barcodes and smart cards. A RFID system has three major components electronic tags (transponders) which stores data, reading...
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...Riordan Manufacturing Proposal University Of Phoenix CIS/319 Cornell Perry September 26, 2005 Introduction There are many compelling reasons to pursue deployment of an IT infrastructure in the business world today. Most enterprises already have a IT infrastructure in place, and are now taking the lessons they've learned from previous efforts to remedy problematic areas like data quality and infrastructure standardization. At the same time, many enterprises are also moving toward the next steps in the evolution of IT infrastructure and are adopting new technologies and approaches such as data management and computerized controls. Riordan Manufacturing would benefit tremendously by the implementation of an IT infrastructure. Currently, Riordan Manufacturing is suffering from corporate inefficiency that is detrimental to revenue and long term financial goals. An IT infrastructure would solve many of these problems. Cost savings would be realized through the reduction of duplicated efforts and service offerings across the corporation, lower maintenance support because of consistent hardware and software applications, and structured communication channels between departments and a newly formed corporate IT department (CIT). A CIO will provide technical leadership for IT related issues and Cost Centers will be created at each installation to adhere to strict purchasing guidelines. In addition, the CIO will establish Riordan Manufacturing’s online presence with...
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