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Review Related Literature (0115)
Review Related Literature (0115)
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.
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.
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
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
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