In an academic study performed at Wall- Mart, RIFF reduced Out of Stocks by 30 percent for products selling between 0. 1 and 15 units a day. Inventory objects could include any kind of physical asset: merchandise, consumables, fixed assets, circulating tools, library books, or capital equipment. To record an Inventory transaction, the system uses a barded scanner or RIFF reader to automatically identify the […]

Chapter I THE PROBLEM AND ITS BACKGROUND Rationale The success of every business depends on how it is managed, whether it is on the management of human resources, finances, operations or production. Focusing in the production process, one aspect to consider is its proper inventory management. The need for proper inventory management system is indispensable nowadays especially in coping up with global competition. As firms […]

To increase the percentage of net income of revenue, an organization has to manage its inventory by effectively managing the cost of purchasing, ordering, carrying, stock outs, cost of other quality related specifications and shrinkage. These costs must be relevant in decision making which means the change only occurs in consisting with the number of orders placed. While doing so, there are several decisions have […]