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Those that were included in thus chapter helps in familiarizing information that are relevant and similar to the present study 2. Sales and inventory data enables the company to increase or decrease production in the factory so the company won't have too many finished goods stored in its warehouses.
Function A sales and inventory monitoring system collects data to aid in production scheduling. For example, some systems use recent sales data to forecast how many of a type of product will be needed to meet consumer demand in the near future. This includes monitoring the levels of a product at all locations.
A good example is a global company with customers all over the world. The customer may live in Japan, but the system must see if the warehouse in Canada has a product available to ship to Japan. How it Works The system compares current inventory levels of a product and the number scheduled for production with the number needed, and determines if the level of production must be changed.
If necessary, the system sends a message to the master production schedule to increase production. Also, the inventory monitoring system slows down production when a product's retail sales levels don't meet the sales forecast and the company overproduces the product.
Competitive Advantage Automated sales and inventory monitoring gives a company a competitive advantage by linking different automated processes within the supply chain.
For example, automating the ordering process for customers and the production scheduling, then adjusting manufacturing based on up-to-date inventory levels, makes a company more flexible, capable of deciding how to best satisfy customer orders.
When automated activities are linked -- ensuring information flows rapidly from one part of the supply chain to another -- a company can exploit these linkages. Management can make rapid decisions to increase revenues, such as ramping up production immediately in one location because of a sudden surge in demand in another part of the world.
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We are dedicated towards manufacturing customized user friendly phones. Our value added features ensure the personality of the phone matches the taste of the user. The wide range of products available at Celkon ensures that there is a phone for every pocket.
Every Celkon product undergoes stringent quality tests at every stage of production.foreign studies about inventory system the U.S. and in foreign countries. The financialmanagement applications may also include tools for creating and adhering to budgets, cash-low management, expense management, risk management and tax management.4/4(34).
REVIEW OF RELATED LITERATURE LOCAL LITERATURE The University Management System (UMS). an online portal University. One such example is the Repository of Student Information (ROSI) system at University of Toronto.
Bulacan FOREIGN LITERATURE The Lovely Professional University () promotes a culture 5/5(4). In the management information system, the most important entity is system itself which is set of defined and interrelated components which are generally described as all of the direct or indirect complex components or elements that are related in a casual network.
Chapter II. REVIEW OF RELATED LITERATURE AND STUDIES¶. The literature and studies cited in this chapter tackle the different concept, understanding, and ideas, generalization or conclusions and different development related to study of the enrollment from the past up to the present and which serves as the researchers guide in .
Jul 22, · definition of local and foreign related literature. Upload failed. Please upload a file larger than x pixels; We are experiencing some problems, please try Status: Resolved.