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Local related literature online ordering and inventory management

Those that were included in thus chapter helps in familiarizing information that are relevant and similar to the present study 2.

  • The related literatures as well as related studies stated previously have similarities and differences;
  • Training and Process for Correction This is a positive step for improvement and it starts with management reevaluating the sales and marketing systems;
  • In cases where a shop maintains all data manually, its manager must reconcile each sales receipt with every piece of physical inventory;
  • Customers and their needs are different, business conditions vary, individual customer bases differ and the product mix offered to each customer can vary;
  • This empowers employees to take actions that achieve immediate results;
  • Accuracy, an additional benefit of using a computerized inventory system is the accuracy it ensures.

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.

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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 local related literature online ordering and inventory management 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. We have pioneered mobile phone solutions and wireless technologies in India.

Celkon caters to the increasing smart needs of mobile users across the world. Our forte lies in providing innovative mobile technology to every customer. At Celkon, we believe every user needs an experience more personalized than ever. 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. Our main focus is to excel and provide the user with best designs paired with unmatched technology. Monitoring Sales for Accountability By Sales Creator Measuring Sales Performance Most companies have the problem of measuring the performance of their sales staff because each salesperson is different and they work in varied methods.

Because a sale involves customers, there are other factors impacting sales, as well. Customers and their needs are different, business conditions vary, individual customer bases differ and the product mix offered to each customer can vary.

What are the important components to track to determine sales success? The factors can be tangible and intangible. When examining the tangible side of the sales ledger you need to consider methods for targeting, frequency of contact, message and presentation, and communications.

Some intangible factors that can be difficult to quantify are the salesperson's ability to build relationships and "connect" with customers, local related literature online ordering and inventory management whether or not there is a clear purpose of the call or meeting. The reason for contact can be to help the customer, or sometimes it is to help the salesperson's quota. Effective results from measuring the performance of each salesperson should have a purpose: When this occurs they have more worth through additional pay and incentives, and they receive a value, and that is a good feeling about doing a great job.

Local Literature of Sales Inventory System Essay

There are three steps in bringing about the improvement of an employee when a problem is identified: Measuring the Performance The ability to measure performance depends on the use of success-based criteria as a model to compare daily, weekly and monthly numbers. Here are some of the criteria that Sales Creators uses when designing a monitoring system for their customers: Time spent selling, time spent in administration, time prospecting 2. Number of calls made on existing accounts 3.

Number of calls made to new customers, and number of new customers 4.

Promptness in submitting reports and sales orders and accuracy of reports 5. Volume of sales, number, size, product mix and repeat account 6. Accuracy in quoting prices and delivery information with approved margins to customer 7.

Method of call backs set up with the customer 8. Cost of customer to company 9. Marketing and promotional time, specific areas 10. Improvement areas where time is being invested on the part of the salesperson and management; this includes topics such as behavior modification, appearance, schooling and other personal issues Measuring must start with standards that are compiled from the averages of all employees who are doing the same task. Then review the progress for the last 12 months and determine how it compares to the budget compliance standards.

If the performance levels do not meet the basic standards set by the company, or if their performance falls more than 10 percent from last year's numbers then it is time to move into a corrective step of action.

Foreign and Local Literature about Sales and Inventory System

Training and Process for Correction This is a positive step for improvement and it starts with management reevaluating the sales and marketing systems. Is there a need to increase promotional campaigns, change or add prospecting methods, establish tighter controls with price variances, or get input to problems from the sales staff?

Management's first duty means time spent working on fixing the systems; then it is time to provide help for the salesperson. They should have daily direction and support, be provided with proper coaching by role- playing on specific areas of weakness found in the 'measuring performance' section. Make mentoring time available with best salesperson and the salesperson that needs help and have them observe and listen to their instructor.

Daily progress must be recognized and acknowledged until the problem is resolved by noticeable improvement in a given area.

  1. Based on Brigman 2007 , Fundamentals of Financial Management, 5 th ed.
  2. This system of hers is somewhat related to our study but our system focuses more on the inventory monitoring system of a trading company. You can create and print various types of reports.
  3. This study shows that inventory systems in Thailand are affected by the type of production, location of the multinationals' headquarters, demands, supply base, and the extent to which materials were either exported or imported. The supply and liability to the current year is being prepared in this worksheet.

Planning for a Positive Change Once a problem has been found, management must help get it corrected. Once it has been corrected it is time to outline an agreement to reach the stated goals. Planning in its final form should be in writing with the steps needed to reach the final destination. Then the time must be allotted to put management's system changes into effect by introducing them to the employees at a meeting.

The cost-effective and highly local related literature online ordering and inventory management inventory management system gives you instant access to stock levels, allowing for timely orders and zero wastage. Get real-time reports What the inventory system does is allow you to order supplies based on the most current data.

This minimizes overstocking and at the same time, frees up resources for more urgent needs. Cut through red tape The Inventory Ordering System gives you better control over your supply chain, affording you the convenience of being able to place orders online or via SMS. And because the system automatically generates inventory and sales reports, your employees will have less paperwork to file and more time to focus on operations.

Perfect for businesses with franchise operations, this user-friendly inventory management system can be customized for any multi-site company, commissary, or warehouse backend ordering operation. Keeping records of sales and inventories manually are the current method used by the company. Due to this current method of inventory system, the company has encountered several problems regarding the monitoring and stocks checking.

Upon hearing this, the researchers developed a system which will help the management keep record of inventories in systematic way and help them produce report about the inventory or stock currently available in their store in automatic way. Through this the hassle and committing mistakes while recording large data could be avoided. Also the work of the management and the time consume during inventory will be minimize. COM is a hardware store located at Mabini St.

It was owned and managed by Mr. They started at a very small scale business selling cell phone accessories. Computers today are now used as a substitute to manual processes and other past inventions like the radio, television, etc.

  1. A number of articles are available that examine the inventory setups in Singapore, Hong Kong, and Korea Amsden, 1989. Using this software we can reduce costs for warehousing, transportation, order fulfillment, and material handling — while improving customer service.
  2. A computer scientist with interests in human-computer interaction, user experience, interaction design, and project management; he is a project manager and co-founder of Mobilnova.
  3. Foreign Studies about Inventory System Raw materials, goods in process and finished goods all represent various forms of inventory.
  4. Many people use computers in their daily lives.
  5. Based on our earlier research and a diary study of payments with an online payment system and with online banking systems of a reputable bank, we proposed a set of 12 interaction design guidelines. It supports partial payments and payment under several orders or receiving lists.

It is now used by people for much simpler, easier and faster way to do things. Some used it as a hobby, and some use it as a job. Technology has never stopped from advancing through the years.

Why not use these advantages to benefit ourselves? Many people use computers in their daily lives. Some use it for transactions, some use it for educational purposes and others use it for data storage. Though it might sound unnecessary but in some cases when storing a file for such a big company, can you manage it properly? Organizing, finding a file, etc.

  • Every Celkon product undergoes stringent quality tests at every stage of production;
  • The result may help others to understand more about computer-generated data processing, especially on how to deal with computers in terms of speed, accuracy and data security;
  • Monitoring the transactions and other significant information regarding the customer is the main concern of this study;
  • Instead, these amounts are determined only periodically-usually at the end of each year.

With computers, it can help you simplify the process of storing and managing the files you need for future use and make finding files easier than the manual process. It is used to track all the transactions made by the business and responsible for monitoring the items supplies. All the business transactions must be properly recorded and must be fully secured by password. A Computerized system is the best solution and most innovative answer for their needs.

The researchers had been motivated to do a study on this topic according to the above observation. The result may help others to understand more about computer-generated data processing, especially on how to deal with computers in terms of speed, accuracy and data security. Monitoring the transactions and other significant information regarding the customer is the main concern of this study.

Unlike many of the newly industrialized countries, Thailand has received relatively less attention in the international operations management literature. This article highlights key factors affecting the type of inventory systems implemented in Thailand, which can be of value to developing countries making the transition into newly industrialized ones.

This study shows that inventory local related literature online ordering and inventory management in Thailand are affected by the type of production, location of the multinationals' headquarters, demands, supply base, and the extent to which materials were either exported or imported. Cheap labor coupled with a relatively stable economic and political climate has attracted Multinational Corporations MNCs to Thailand.

As multinationals invest billions of dollars into Thai operations, it is essential that they design and manage systems that are congruent with the local needs.

  • This is not to be confused with minimizing inventory;
  • PIMS provides these advantages in the form of improved and efficient workflow for the pharmacy department.

One key operational area of interest is the management of inventories. Inventory systems can be affected by a host of international, product, and supply factors. In this research we attempt to empirically ascertain how inventory systems are influenced by industry type and look for interactions with cultural, infrastructural and economic issues. This research is expected to be of value to MNC managers in designing inventory systems that work more effectively in Thailand.

In addition, it could also provide direction to nations making the transition to Newly Industrial Countries NIC status from that of developing one. A significant amount of literature is available on inventory systems.