your current inventory levels‚ but also generate future demand forecasts. This is because an inventory shortage can cause the company to lose future profits and lost goodwill. In the case of Reebok‚ the former NFL licensed jersey producer‚ many key decisions must be made to reduce inventory costs in periods of low demand while maximizing profits in periods of high demand for player specific jerseys. Using the newsvendor model to determine the optimal order quantity and leftover inventory‚ we will present
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Mechanics. Even though they have a point of sale they don’t have a computerized system when it comes to their inventory. The proposed system‚ are efficient in tracking the movement of the inventory‚ secure all the data from any possibilities to misplace it and providing reliable reports that are easy to generate and understand It will help the company to manage the business in terms of inventory management system. The importance of Information Technology in this project is well known. Information
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PROBLEM This chapter provides the background of the problem‚ conceptual framework‚ Research hypothesis‚ significant of the study‚ scope and limitation and definition of terms. Introduction The duty of the government to ensure the safety and security of the citizenry is enshrined in the 1987 Constitution. Article 2‚ Section 4 of the Constitution states‚ “The prime duty of the Government is to serve and protect the people. The Government may call upon the people to defend the State
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of Inventory Policies 2.1 Probability Distribution Table 2.2 Inventory Policy 1 2.2.1 Simulation Table 2.2.2 Calculation costs 2.2.3 Analysis 2.3 Inventory Policy 2 2.3.1 Simulation Table 2.3.2 Calculation costs 2.3.3 Analysis 2.4 Inventory Policy 3 2.4.1 Simulation Table 2.4.2 Calculation costs 2.4.3 Analysis 2.5 Inventory Policy 4 2.5.1 Simulation Table 2.5.2 Calculation costs 2.5.3 Analysis 2.6 Inventory Policy 5 2.6.1 Simulation Table 2.6.2 Calculation costs 2.6.3 Analysis 2.7 Inventory Policy
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for the use of funds for investments within the company. In addition‚ over the past year $600‚000 has been the average investment in the company’s inventory. Accounting information shows that a total of $24‚000 was spent on taxes and insurance related to the company’s inventory. In addition‚ it has been estimated that $9000 was lost due to inventory shrinkage‚ which included damaged goods as well as pilferage. A remaining $15‚000 was spent on warehouse overhead‚ including utility expenses for
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3. Based on the description in the text and the evidence in the Exhibits 6 and 9‚ what went wrong with the SF-6000 forecast? Launching the first 8 megapixel sensor and 10x zoom camera on the market was a big accomplishment for Leitax. On their official press release‚ the SF-6000 was named as an "a tool for serious photographers". There were huge expectations about the product and everyone at the company was pretty excited about it. Their biggest challenge was the forecast for a new product with
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products as well as computer accessories. The transaction and inventory of this company is currently using a traditional system which is manual. And when it comes to their sales transaction‚ the log book is the only record that represents the whole transaction. They did not provide any database. They depend only on the names of items written on their log book. Statement of the Problems This study intends to create Customized sales and inventory system; specifically it will seek to answer the following
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Far Eastern University Diliman INTERACTIVE EDUCATIONAL APPLICATION FOR CHILDREN (I-TEACH) An Application Project Presented to Far Eastern University Diliman In Partial Fullfillment of the Requirements for the Degree of Bachelor of Science in Information Technology by: Bautista‚ Glenn Mar C. Los Baños‚ Julius B. Nalog‚ Dennis M. Christine M. Magturo Application Project Adviser August 2012 Far Eastern University Diliman ADVISER’S RECOMMENDATION SHEET This Application
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Chapter4 Result and of Findings This chapter presents findings from employee side‚ and then analyzes and discusses these findings from small business and literature review as a whole. 4.1. Finding from Questionnaire - Automated System and Manual System 4.1.1. Personal Profile Among 10 questionnaire that have been delivered‚ only 9 are collected back with all questions completed‚ from these usable surveys‚ 77.78% of our respondents are male and 22.22% are female. In term of age‚ 22.22% of our respondent
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2 THEORETICAL/CONCEPTUAL FRAMEWORKS 2.1 Introduction Inventory theory (or more formally the mathematical theory of inventory and production) is the sub-specialty within operations research that is concerned with the design of production/inventory systems to minimize costs. It studies the decisions faced by firms and the military in connection with manufacturing‚ warehousing‚ supply chains‚ spare part allocation and so on; it provides the mathematical foundation for logistics. CURRENT SYSTEM1
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