Inventory management, Project Management

Inventory management:

This refers to the method in which tangible resources and materials are handled by businesses in order to make sure resources are readily available for use. The simplest form of inventory management is the hard-copy technique whereby a list is kept of materials that are being used on a routine. When supplies run low, a purchase is made to replenish materials. In this way, a running inventory of the most important materials can be provided at any time. Inventory management is useful so that materials can be purchased when most wanted and also when the prices are low, nothing in this way can run critical.

The most important reason that inventory systems are used is to trace supplies so that inventory related problems can be identified quickly and required action can be taken to overcome them.

Posted Date: 9/29/2012 2:12:26 AM | Location : United States







Related Discussions:- Inventory management, Assignment Help, Ask Question on Inventory management, Get Answer, Expert's Help, Inventory management Discussions

Write discussion on Inventory management
Your posts are moderated
Related Questions
i) Explain the project management control technique called earned value analysis and illustrate the fundamental concepts. Justify your answer. ii) Determine the progress and

ISO 9000 series of standards on quality system was formulated by international organization for standards in order to meet the requirements of internationally uniform q

What are the important traits for a coach of a cricket team needed? The three significant traits needed for a coach of a cricket team are as follows: a. Decisiveness: The

a comparative literature review on project management in small businesses (2000 words)

Management Responsibility a. The quality policy shall be defined documented understood implemented and maintained. b. Responsibilities and authorities for all personn

Elements of total quality management: Employee involvement: Employee involvement  and team building helps in fostering collaboration, trust, open, honest communication

Question 1: Describe the need for manpower planning Define Manpower planning. Need for manpower planning Question 2: Show the benefits of carrying out manpo

Creating a Risk Management Plan  The main aim of risk management is to develop a well-structured approach to deal with any kind of uncertainty, which create threats in the proj

Once the process capabilities of available processes are known the process selection is then just a question of matching the process capability with the tolerance specified

The Integrated Management Project is a demanding piece of work requiring initiative, energy and application. It is our desire to support you and help you in this process as much as