The review of the literature for this study focuses on creating computerize inventory system for cavite state university marketing main campus in order to create we need to find some helpfull resources about the study.
(1) review of related literature and (2) methodology followed in the study part: 1 - review of related literature review of literature research in the area of materials management both at the macro and the micro levels remains conspicuously absent in india as adequate indigenous literature is not available on this subject. Inventory is a common name stands for the items which are in stock points or work-in-process serving to decouple successive operations effective inventory management is essential for manufacturing organizations for a number of reasons a basic economic order quantity model allowing backorders is considered in this paper.
212 local related literature inventory ordering system by globe business philippines with just a few keystrokes, track your supplies using globe’s inventory ordering system the cost-effective and highly innovative inventory management system gives you instant access to stock levels, allowing for timely orders and zero wastage. Literature review on inventory management with practical examples in today's world every business tries to strike a balance in inventory between what is needed and what is demanded, considering the major factor of cost cutting/reduction.
Installation of a proper inventory control system in any organization in developing countries like india is of paramount necessity inventory management is defined as a science based art of ensuring that just enough inventory stock is held by an organization to meet demand (coleman , 2000 jay & barry, 2006.
Wang (2013) create a review of inventory management modes based on supply chain management (scm) and structure the papers based on one-echelon, two-echelon and multi-echelon inventory management modes a review of rfid in warehousing use is given by lim et al (2013) summary of the literature on blood banks is found in review papers prastacos, 1984, pierskalla, 2004, beliën and forcé, 2012, stanger et al, 2012b, lowalekar and ravichandran, 2013. Sumer c aggarwal discussed in , the inventory related models from the systems point of view where he grouped the models in 6 categories: (1) models for determining optimum inventory policies, (2) lot size optimization, (3) optimization of various specific management objectives, (4) models for optimizing highly specialized inventory situations, (5) application of advanced mathematical theories to inventory problems, and (6) models bridging the gap between theory and practice.
Inventory management focus on the capacity of the inventory, the place in which it is located so that one can use it when needed, the supply chain management of the raw materials and goods inventory management deals with the demand forecasting, asset management of the raw materials and goods, inventory carry cost, forecast, pricing of goods, validation of goods, to forecast the demand of future.