EFFECT OF INVENTORY MANAGEMENT ON ORGANIZATIONAL PERFORMANCE IN KENYA. BY BETTY CHEROTICH - BBM/0698/10 SOLOMON BIWOTT KIPSIRIA - BBM/0676/11 MUDOGO ROTICH JAMES - BBM/0673/08 A RESEARCH PROPOSAL SUBMITTED IN PARTIAL FULFILLMENT OF THE REQUIREMENTS FOR THE AWARD OF A DEGREE IN BUSINESS MANAGEMENT AT MASINDE MULIRO UNIVERSITY OF SCIENCE AND TECHNOLOGY NOVEMBER‚ 2012 DECLARATION Declaration by the Reseachers This study is our original work and has not been presented in any other institution
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Inventory Management Introduction Inventory definition The Basic Relationship- Average Inventory Types of Inventory Reasons to Hold Inventory Methods to Supervise Inventory Visible Costs of Inventory Hidden Costs of Inventory What Increases Inventory Inventory Management Effective Inventory Management Myths in Inventory Management Why is Inventory Management Important Economic Order Quantity (EOQ) Just-In-Time Management (JIT) Essential Aspects of JIT Kanban JIT is Not Possible
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MANAGEMENT OF INVENTORIES Inventory management – involves the control of the assets that are used in the production process or produced to be sold in the normal course of the firm’s operations. It can also refer to assets that are bought and sold in a trading concern business. Purpose of inventory – To uncouple the operations of the firm – that is‚ to make each function of the business independent of each function – so that delays or shutdowns in one area do not affect the production and
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| Scientific Glass‚ Inc.: Inventory Management | MPC Assignment | | INTRODUCTION In this case study‚ production and operations management (POM) issues of a mid-size company‚ named as Scientific Glass Inc.‚ in a highly growing market are studied. Using the background information on past actions of the company to correct inventory management and their results‚ and considering the market leadership opportunity‚ how inventory management approach can be made better is explained by evaluating
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Inventory of Marine Resources Delivered in Estancia Fish Port‚ Estancia‚ Iloilo A Research Problem Presented to Dr. Veminrose A. Clariza- Samuel Ph. D. In Partial Fulfillment for the Subject Aquatic Resources and Ecology By Alivar‚ Carlos P. Aledon‚ Neomar T. Babol‚ Erwin C. Bagatnan‚ Christian B. Basea‚ Princess Charmaine M. Bagatnan‚ Jessyl B. Bajande‚ Jona Mae C. Cordero‚ Lougi Donn I. Del Rosario‚ Yella M. Dolor‚ Ereca A.
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budget. To accomplish I propose an inventory management technology. Inventory management technology is a mix of hardware and software designed to add reliability to inventory accounting‚ reduce incidents of theft and facilitate inventory audits. Individual inventory items or batches of items could be equipped with RFID tags that identify the item type‚ cost‚ price‚ shipment number‚ date of shipment and virtually any other useful information. Software inventory management solutions replace pen-and-paper
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Chapter 2 REVIEW OF RELATED LITERATURE AND SYSTEM This part shows the related literature and system studies‚ including the topical outline of literature related to the study of Warehouse Inventory System with SMS Alert and Barcode Reader. Review of Related Literature This review is about Bell Electronics Lab Corporation situated in Calamba‚ Laguna March 2007‚ engaging in test and assembly of optoelectronics and sensor devices. The company is concentrating on its resources in metal can packaging
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CPIM(Certified In Production & Inventory Management) BSCM Sample TEST. 1. Which of the following demand fulfillment approaches typically provides the longest delivery time ? A) Engineer-to-order. C) Assemble-to-order. B) Make-to-order. D) Make-to-stock. 2. Which of the following is generally a characteristic of a product-focused layout ? A) Large queues at workstations. C) Production to a work order. B) Fixed flow of work. D) General purpose workstations. 3. Which of the following is
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A Secondary Research Study on Inventory Management Table of Content 1. Introduction-------------------------------------------------------------------------------- 1 2. Inventory Management------------------------------------------------------------------ 2 3. Effective inventory management is a crucial aspect of a successful business practice------------------------------------------------------------------------------------- 3 3.1 Mismanaged Inventories -----------------------------------------------------------
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CHAPTER 1 AN INTRODUCTION TO THE FOUNDATIONS OF FINANCIAL MANAGEMENT – THE TIES THAT BIND TRUE/FALSE 1. The difference between the market value of the firm and the amount of money invested in the firm is known as market value added. Answer: True; Difficulty: 1; Keywords: Market Value Added‚ Goal of the Firm 2. A company that wants to maximize earnings per share may either over invest or use too much debt. Answer: True; Difficulty: 2; Keywords: Earnings Per Share‚ Goal of the
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