Inventory Systems

take stock Systems QRB/501 Quantitative Reasoning for Business March 28, 2012 Inventory Systems fitting stemma management is vital to the success of an organization. as well oftentimes inventory house ca character a loss of tax revenue if the intersection sternnot be travel in a well-timed fashion. Alternatively, not enough product can cause a loss of revenue if the crave is not met. This paper pull up stakes centralise on the inventory control process use by Lowes. Lowes Inventory Control Lowes is one of the largest kin group improvement store chains second to Home Depot. Lowes sells a variety of home improvement items ranging from nails to appliances and just near anything in between that is necessary for home improvement. Tracking such(prenominal) a large volume of merchandise is important to see the selects of the customers and maintaining dogmatic revenue. Lowes uses a barcoding system that bilks its merchandise from the supplier to the shelf. by dint of the barcoding system Lowes can utilely master the pith 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 tramp devices that are iPhone based. As of November 2011 the store has issued the devices to 60% of its stores with a crisscross date of January 2012 to assume devices in all of the stores (Blair, 2011). These mobile devices impart allow store associates to access merchandise inventory at the touch of a button. Associates no longer have to move back and forth to check the availability of merchandise. This electrical capacitance provides faster assistance to customers, less wait time for customers, and associates can assist more customers. Conclusion Understanding the need to right track inventory is an important aspect to the success of an organization. tutelage up with the demand for certain merchandise and not overstocking merchandis e 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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