Inventory System Analysis
Inventory Systems Analysis – Team C
QRB/501
April 2, 2012
Dr. Maryam Bolouri
Inventory Systems Analysis – Team C Inventory systems are something in which practically every business needs to properly function. From the small business of just a few employees to the large corporations, inventory systems are a vital part of a business 's success. The types of inventory systems will vary with the number of businesses that use these different kinds of systems. Team C will present findings on the research of various businesses and how those businesses use inventory systems that pertain to a specific industry. The organizations of research include companies, such as Infigen Energy, T-mobile, Wal-mart (RIM - Retail Inventory Method), Weis Markets (Demand-Driven Replenishment Solution) and Target (RIM - Retail Inventory Method). A summary of objectives, followed by a description and comparison of each system will describe the advantages and disadvantages of each system. A conclusion will follow that will summarize the collective findings of all systems listed above.
Summary of Objectives The ability to understand a company’s Inventory system is beneficial on a variety of levels especially concerning the financial statements. Our objective was to analyses how the private sector (government) agencies regulation the flow of inventory in regards to retail establishments. The information in the private sector has to be secured while retail companies make information readily available for customer service metrics. Comparing the advantages and disadvantages of the systems will be illustrated throughout the course of this dissertation.
T-Mobile Inventory System
The inventory control system is how a company locates objects and materials for typical business operations. The inventory system that T-mobile uses is a physical web-base tracking system that monitors the distribution levels on a corporate, and store by store level. This system tracks IMEI (specific phone bar
QRB/501
April 2, 2012
Dr. Maryam Bolouri
Inventory Systems Analysis – Team C Inventory systems are something in which practically every business needs to properly function. From the small business of just a few employees to the large corporations, inventory systems are a vital part of a business 's success. The types of inventory systems will vary with the number of businesses that use these different kinds of systems. Team C will present findings on the research of various businesses and how those businesses use inventory systems that pertain to a specific industry. The organizations of research include companies, such as Infigen Energy, T-mobile, Wal-mart (RIM - Retail Inventory Method), Weis Markets (Demand-Driven Replenishment Solution) and Target (RIM - Retail Inventory Method). A summary of objectives, followed by a description and comparison of each system will describe the advantages and disadvantages of each system. A conclusion will follow that will summarize the collective findings of all systems listed above.
Summary of Objectives The ability to understand a company’s Inventory system is beneficial on a variety of levels especially concerning the financial statements. Our objective was to analyses how the private sector (government) agencies regulation the flow of inventory in regards to retail establishments. The information in the private sector has to be secured while retail companies make information readily available for customer service metrics. Comparing the advantages and disadvantages of the systems will be illustrated throughout the course of this dissertation.
T-Mobile Inventory System
The inventory control system is how a company locates objects and materials for typical business operations. The inventory system that T-mobile uses is a physical web-base tracking system that monitors the distribution levels on a corporate, and store by store level. This system tracks IMEI (specific phone bar
References: Appendix D, Retail Inventory Mehtod. (n.d.). Retrieved from http://higheredbcs.wiley.com/legacy/college/warfield/0471737933/appendices/appd.pdf Target 2010 Annual Report. (n.d.). Retrieved from http://sites.target.com/images/company/annual_report_2010/documents/Target_AnnualReport_2010.pdf Weis, (2011). Weis to Use Demand Ordering System. Retrieved March 29, 2012 from Weis: http://supermarketnews.com/latest-news/weis-use-demand-ordering-system Weis, (2010). Weis Markets Add Centralized Pricing, Inventory Management Solution. Retrieved March 30, 2012 from http://risnews.edgl.com/retail-news/Weis-Markets-Add-Centralized-Pricing,-Inventory-Managment-Solution37756 YCharts. (2009-2012). Retrieved from http://ycharts.com/companies/TGT/historical_data/inventories_net