APPROVAL SHEET Proponents: Morris P. Chavez Ma. Cristyl G. Salva Title: Sales & Inventory System by 4Brothers Trapal Supply Mrs. Michelle Alisna Caiña Instructor October 8‚ 2013 Acknowledgement We would like to thank our instructor‚ Mrs. Michelle Alisa Caiña‚ for guiding and supporting us all throughput this project. His constant reminders and progress report checks have helped us become more focused during this writing process.
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The EOQ Inventory Formula James M. Cargal Mathematics Department Troy University – Montgomery Campus A basic problem for businesses and manufacturers is‚ when ordering supplies‚ to determine what quantity of a given item to order. A great deal of literature has dealt with this problem (unfortunately many of the best books on the subject are out of print). Many formulas and algorithms have been created. Of these the simplest formula is the most used: The EOQ (economic order quantity) or
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business environment‚ even small and mid-sized businesses have come to rely on computerized sales and inventory systems. Certainly‚ there are plenty of small retail outlets‚ manufacturers‚ and other businesses that continue to rely on manual means of inventory tracking. Indeed‚ for some small businesses‚ like convenience stores‚ shoe stores‚ or computer shops‚ purchase of an electronic inventory tracking system might constitute a wasteful use of financial resources. But for other firms operating
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Keith Dunston‚ the manager of the fund‚ whom Kent feels is mainly responsible for Baker’s performance. One day Dunston calls Kent and tells him that he will be leaving the fund in four weeks and moving to San Francisco to work for a different money management company. Dunston is seeking suggestions on housing in the area. Baker has not yet announced Dunston’s departure. Kent immediately finds a fund that is a suitable replacement for the Baker fund‚ and over the next two days he calls his 30 clients
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communications‚ shapes the future for decades to come. Point-of-Sales system offers a wide selection of features to improve control of your business and save time spent on inventory‚ purchasing and accounting. Point of sale (POS) systems is electronic systems that provide businesses with the capability to retain and analyze a wide variety of inventory and transaction data on a continuous basis. POS systems have been touted as valuable tools for a wide variety of business purposes‚ including refining target marketing
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Probabilistic Inventory Models 1. CONTINUOUS REVIEW MODELS 1.1 "Probabilitized" EOQ Model Some practitioners have sought to adapt the deterministic EOQ model to reflect the probabilistic nature of demand by using an approximation that superimposes a constant buffer stock on the inventory level throughout the entire planning horizon. The size of the buffer is determined such that the probability of running out of stock during lead time (the period between placing and receiving an order) does
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Inventory homework problems (Due July 16 (Monday) ) Problem 1(10 points). Harley-Davidson has its engine assembly plant in Milwaukee and its motorcycle assembly plant in Pennsylvania. Engines are transported between two plants using trucks‚ with each trip costing $1‚000. The motorcycle plant assembles and sells 438 motorcycles each day. Each engine costs $500‚ and Harley incurs a holding cost of 20 percent per year. How many engine should Harley load onto each
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significant venture capital support. In 1999‚ the company had leased the warehouse and the orders were packed and shipped by UPS to the customers all over the United States. Main Problem of SportStuff.com In January 2000‚ Sanjay Gupta and his management team evaluated the performance of the company in 1999. They estimated that the growth rate of the business will be about 80 percent per year in the following three years. Although the company were pleased with the growth in sales and profit‚ the
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be noted that there are two types of spares. 1. General/Fast Moving 2. Rare/Slow Moving The warehousing can be designed in a Hub and Spoke model where the Hub would be a master warehouse containing 100% inventory and the spoke end would keep a optimum level of fast moving/general inventory based on the past trends and Pareto chart. This will ensure high degree of customer satisfaction. The Spares would contain a high level of SKUs. This presents the challenge of organizing the warehouse that would
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FAST FACTS Capital : Iloilo City Area : 5‚324 sq. km Population : 1‚765‚476 Cities : Iloilo City No. of Towns : 43 LOCATION Iloilo is on southern Panay Island in western Visayas. It is bounded on the north by Capiz‚ on the east by the Visayan Sea and Guimaras Strait‚ on the west by Antique‚ and on the south by Panay Gulf and Iloilo Strait. Iloilo City is a highly urbanized city. It has an area of 68 sq. km and a population of 309‚505. THE LAND Mountains ranges with peaks as high
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