Review Related Literature (0115)

College for Research and Technology of Cabanatuan
Burgos Avenue, Cabanatuan City 3100

Tel. 463-2735 e-mail: [email protected]
REVIEW OF RELATED LITERATURE
In managing an inventory network, two approaches to the pooling of stock have

been proposed. Reactive transshipments respond to shortages at a location by moving
inventory from elsewhere within the network, while proactive stock redistribution seeks
to minimize the chance of future stockouts (C. Paterson, R. Teunter, K. Glazebrook,
2012).
As seen in R. Poles study (2013), there are two things that need to be considered:
the control and the production planning. The inventory must be focusing on the effects of
capacity planning and lead times on the system which presents push and pull inventory
policies driven mainly by the inventory coverage.
One measurement of good inventory management is inventory turnover. An

accounting measurement, inventory turnover reflects how often stock is sold in a period.
A business does not want more stock than sales. Poor inventory turnover can lead to
deadstock, or unsold stock. (A. Jenkins, 2020).
According to Justin Chomba and Jackson Phiri (2016), the use of inventory
system was prompted in order to eliminate human error during the data capturing. It will
greatly overcome manual systems and will improved the efficiency of operations in the
process of inventory control as they had revolutionized in the tracking of product details
and help with the management of acceptable stock levels in warehouses.
Tinuke O. Oladele, Roseline Oluwaseun Ogundokun, Adekanmi Adeyinka

Adegun, Emmanuel Abidemi Adeniyi, and Ayobami Tayo Ajanaku (2020) said that in
Implementing Inventory System in Milktea Project using PHP and MYSQL | 1
order to maintain account records competently, firm owners are required to implement an
excellent inventory management system. Stock in business constitutes a huge part of the
investment which has to be organized in sequence to maximize to yield financial gain.
Inventories are undependable and incompetent except they are well-coordinated.
According to Craig Boman and Ray Voelker (2017), after examining the previous
method used for conducting inventory, they concluded that our needs could be broken
down into three categories which are accuracy/reliability, speed, and ease of use.
Devan Ariesta, Zyad Rusdi and Tri Sutrisno said that Inventory is a concept that
reflects resources that can be used but not used. Understanding inventory can be
interpreted in a number of different ways, among other stocks available at that time, a
detailed list of available goods, the amount of stock of goods needed by an organization
at a time.
Rashidah Funke Olanrewaju, Ahmad Irham Dollah, and Binyamin Adeniyi Ajayi
(2021) stated that inventory can be defined as the goods and materials used by the
organization for the sake of manufacturing and sales, including the items to support all
the process. The advantage of having a good inventory system management can increase
the efficiency of the operations, reduce the cost, and maximize the profit.
According to Qiuying Han (2019), Based on the analysis of the existing purchase,
sale and inventory management model, an information-based purchase, sale and
inventory management system is designed to meet the needs of small and medium-sized
business enterprises.

As said by Taner Arsan, Emrah Baskan, Emrah Ar and Zeki Bozkus (2012),
Inventory Management is one of the basic problems for a company. It may cause a lot of
paperwork, if there is no automated system available. Implementing such a system is
possible but there are a lot of preliminary works such as determination of the
requirements, system structure decision—software requirements, system selection and
determination of the software tools.
BIBLIOGRAPHY
1. American Journal of Theoretical and Applied Research. (2019). Inventory System

Based on ThinkPHP and Bootstrap Framework. Retrieved 2019 from
https://aepub.com/Articles/AJTAR-2019-09-2009.pdf
2. Arsan, T., Baskan, E., Ar E. and Bozkus Z. (2012). A Software Architecture for
Inventory Management System. Retrieve 2021 from
https://www.academia.edu/4742135/A_Software_Architecture_for_Inventory_Ma
nagement_System?auto=citations&from=cover_page
3. European Journal of Operational Research. (2012). Enhanced lateral

transshipments in a multi-location inventory system. Available online March 12,
2012, from https://eprints.lancs.ac.uk/id/eprint/55045/1/10.pdf.
4. Indonesian Journal of Electrical Engineering and Computer Science. (2021).

Development of an inventory management system using association rule.
Accepted January 7, 2021, from
http://ijeecs.iaescore.com/index.php/IJEECS/article/view/22115/14780

5. Int. J. Production Economics. (2013). System Dynamics modelling of a

production and inventory system for remanufacturing to evaluate system
improvement strategies. Available online February 27, 2013, from
http://translateyar.ir/wp-content/uploads/2018/05/System-Dynamics-modelling-
of-a-production-and-inventory-system-for.pdf.
6. International Journal of Sciences: Basic and Applied Research (IJSBAR). (2016).

Using the Cloud Architecture to Automate the Farmer Input Support Programme
(Fisp) Inventory System. Retrieve 2016, from https://core.ac.uk/reader/249335350
7. IOP Conference Series: Materials Science and Engineering. (2020). Web-Based

Inventory Information System in Antariksa Stores. Available online November 16,
2021 from https://iopscience.iop.org/article/10.1088/1757-
899X/1007/1/012115/pdf
8. Jenkins, A. (2020). What is Inventory Management? Benefits, Types, &

Techniques. Available online September 18, 2020, from
https://www.netsuite.com/portal/resource/articles/inventory-
management/inventory-management.shtml
9. Olanrewaju, R. (2021). Cloud-Based Inventory System for Effective Management

of Under and Overstock Hazards. Available online September 29, 2021 from
https://www.researchgate.net/profile/Binyamin-
Ajayi/publication/352910876_Cloud-
Based_Inventory_System_for_Effective_Management_of_Under_and_Over-
stock_Hazards/links/6154596839b8157d9006a7a3/Cloud-Based-Inventory-
System-for-Effective-Management-of-Under-and-Over-stock-Hazards.pdf
10. The Code4Lib Journal. (2017). Between the Sheets: a Library-wide Inventory
with Google. Retrieve November 22, 2017, from

http://dspace.lib.muohio.edu:8080/bitstream/handle/2374.MIA/6180/Boman
%20and%20Voelker%20-%202017%20%E2%80%93%20Between%20the
%20Sheets_%20a%20Library-wide%20Inventory%20with%20Google.pdf?
sequence=1&isAllowed=y

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College for Research and Technology of Cabanatuan

Burgos Avenue, Cabanatuan City 3100

REVIEW OF RELATED LITERATURE

In managing an inventory network, two approaches to the pooling of stock have

One measurement of good inventory management is inventory turnover. An

Tinuke O. Oladele, Roseline Oluwaseun Ogundokun, Adekanmi Adeyinka

Implementing Inventory System in Milktea Project using PHP and MYSQL | 2

1. American Journal of Theoretical and Applied Research. (2019). Inventory System

3. European Journal of Operational Research. (2012). Enhanced lateral

4. Indonesian Journal of Electrical Engineering and Computer Science. (2021).

Implementing Inventory System in Milktea Project using PHP and MYSQL | 3

5. Int. J. Production Economics. (2013). System Dynamics modelling of a

6. International Journal of Sciences: Basic and Applied Research (IJSBAR). (2016).

7. IOP Conference Series: Materials Science and Engineering. (2020). Web-Based

8. Jenkins, A. (2020). What is Inventory Management? Benefits, Types, &

9. Olanrewaju, R. (2021). Cloud-Based Inventory System for Effective Management

Implementing Inventory System in Milktea Project using PHP and MYSQL | 4

Implementing Inventory System in Milktea Project using PHP and MYSQL | 5

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