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Conduct the appropriate research into inventory management systems and make a report on a solution. Include a brief description of its ability to trace stock
Conduct the appropriate research into inventory management systems and make a report on a solution. Include a brief description of its ability to trace stock location, its capabilities, and ability to manage goods despatch. Describe the reports it produces, how it can be used in quality assurance, and compatibility with financial systems.
You will need to research an inventory management system and create a report on a solution.
The steps you will need to take to finish this question:
- Select an inventory management system (Consider using an inventory system you are familiar with ie: past or current.
- Include the following criteria in your research:
- Tracing stock location
- Receivables
- Throughout
- Despatch
- Reporting
- Quality assurance
- Financial requirements
- Create a description about the inventory management system and include information about how to trace stock locations, its receivings capabilities and how the inventory system manages the good despatch.
- Create a paragraph on the reports the inventory system produces
- How are the reports used for quality assurance and compatibility with the financial system.
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