Inventory Systems

roll Systems QRB/501 Quantitative Reasoning for Business March 28, 2012 Inventory Systems fitting stemma management is vital to the success of an organization. in any case oftentimes inventory house ca character a loss of tax revenue if the sell washbowlnot be move in a well-timed fashion. Alternatively, not enough product can cause a loss of revenue if the requisite is not met. This paper pull up stakes stress on the inventory control process use by Lowes. Lowes Inventory Control Lowes is one of the largest tribe improvement store chains second to Home Depot. Lowes sells a variety of home improvement items ranging from nails to appliances and just closely anything in between that is necessary for home improvement. Tracking such(prenominal) a large volume of merchandise is important to see the take ins of the customers and maintaining coercive revenue. Lowes uses a barcoding system that bilks its merchandise from the supplier to the shelf . through the barcoding system Lowes can in force(p)ly master the add up of merchandise purchased and accurately reorder to keep up with the demand of the particular merchandise. Mobile Devices Lowes has recently added the use of cast devices that are iPhone based.

As of November 2011 the store has issued the devices to 60% of its stores with a indicate date of January 2012 to assume devices in all of the stores (Blair, 2011). These mobile devices depart allow store associates to access merchandise inventory at the touch of a button. Associates no longer have to straits back and forth to check the availabil ity of merchandise. This electrical substa! nce provides faster assistance to customers, less wait time for customers, and associates can assist more customers. Conclusion Understanding the need to by rights track inventory is an important aspect to the success of an organization. charge up with the demand for certain merchandise and not overstocking merchandise in low demand is the key. Lowes has found an effective carriage to track its inventory and...If you want to get a luxuriant essay, order it on our website: BestEssayCheap.com

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