Managing Inventory

In: Business and Management

Submitted By SaraAlmarzouqi
Words 2564
Pages 11
Qatar University
College Of Business & Economic
Spring 2012

Submitted By :
Sara Jumah Al-Marzouqi 200900354

Submitted To :
Dr Mohammed Nishat Faisal

Course :
Production & Operations Management Group L51

Subject :
Inventory Management Project

Subject List

Part I
Pages
1) Introduction 3
2) The Meaning Of Inventory Management 3
3) The Importance Of Inventory Management 3 , 4 , 5
4) How Does Wal-Mart Manage Their Inventory 5 , 6 , 7
5) Conclusion 7 , 8

Part II
Pages
1) Networked Inventory Management Information Systems ( Emerald ) 9 , 10
2) Zero Inventory And Firm Performance (Taylor & Francis) 10 , 11
3) Managing Inventories In The Machine Building Industry (science direct ) 11

Introduction: Part I
In any business or organization, all functions are interlinked and connected to each other and are often overlapping. Some key aspects like supply chain management, logistics and inventory form the backbone of the business delivery function. Therefore these functions are extremely important to marketing managers as well as finance controllers. Every organization constantly strives to maintain optimum inventory to be able to meet its requirements and avoid over or under inventory that can impact the financial figures. Inventory is always dynamic. Inventory management requires constant and careful evaluation of external and internal factors and control through planning and review. Most of the organizations have a separate department or job function called inventory planners who continuously monitor, control and review inventory and interface with production, procurement and finance departments. Inventory management is primarily about specifying the size and placement…...

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