Project Overview
Inventory is any quantifiable item that you can handle, buy, sell, store, consume, produce or track. This covers everything from office and maintenance supplies to raw material used for manufacturing, to semi-finished and finished goods, to fuel used to power equipment used in the business.
Nesabel Corporation uses a manual inventory which is very time consuming and difficult to do, so with the computerized inventory system the company will save time and effort. Inventory system can help improve the way to handle stock, asset, purchasing, and shipping. The inventory system supports updating the inventory information for all items, monitoring inventory depletion and importing and exporting inventory information to and from external systems of record.
With the computerized inventory system the company can easily determine the products that are out of stock and it can easily monitor the in and out of the product. It is very convenient to use and will be very helpful to the company in providing a good customer service.
Statement of the Problem
General Problem:
Unorganized record of Products
Specific Problems:
Not identifying shortages ahead of time. It happens all the time. A business needs a number of products or materials but discovered that they do not have enough in stock and must re-order. Waiting for the shipment to come in can slow down the supply chain process. Not having enough products in stock to meet customer demand can lead to bad customer relations. A supervisor in charge of inventory management should look over their inventory on a regular basis to make sure enough products are in stock.
Excessive inventory in stock and unable to move it quickly enough. This is probably the most common problem for most businesses. If a company buys an amount of product for their inventory and they do not move it, there will be overstocking of items and this will result to expiration of products