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GUNJAN SAWLANI, KOMAL DHOLWANI, RADHIKA BHAGCHANDANI, SURABHI VERMA, TEJAS MESHRAM
Abstract :
Small-to-medium retailers are organizations that have traditionally had problems with inaccurate inventory control systems. This paper documents a research project that currently in progress, aiming to explore the use of ONLINE for improving inventory control in small to medium retailer. The aim of this paper is review literature related to the project to emphasize its significance. In the initial part of this paper, the purpose of ONLINE inventory control .The latter part of this paper examines literature that has been published in relation to ONLINE INVENTORY CONTROL, highlighting areas that will be addressed by research project. is an essential part of organizations that is correlated to corporate success and failure. Inventory is defined as material held by an organization awaiting sale, use or transformation. organization hold inventory for a range of reasons including a lack of predictability or fluctuations in demand, unreliability in supply, to receive quantity discount, to lower ordering costs, to be subject to price protection through buying products at the right time, purchasing holding and possessing inventory subject an organization to operational cost.inventory control techniques can be employed in order to minimize the burden of ongoing expenses. Inventory control can be defined as the activity that organizes the availability of items to the customer by coordinating the purchasing ,manufacturing and distribution functions to meet marketing needs. The aim of inventory control is to maximize customer service, profit and efficiency of purchasing and production, while at the same time minimizing inventory investment .not all the organizations have the same requirements. Organizations that are classified as being retailed, wholesale/distribution and manufacturing have different needs and inventory issues.
1. Introduction
The aim of this research paper is to explore the use of ONLINE INVENTORY for improving inventory in small to medium retailer. Inventory control practices are significant to all organizations especially small to medium retail enterprise. These organizations employ more than 5 and less than 200 people and characterized as having unreliable inventory control systems. ONLINE INVENTORY CONTROL helps in reducing human effort and is reliable.
2. Key Words :
Online Inventory Control, retailer ,manufacturer, web, stock.
3. Inventory Control :
It is almost impossible to find an organization that does not use ,transform, distribute or sell material in one form or another. Inventory Control is relevant to all organizations from any sector of economy .Inventory Control dates back to the dawn of time where the earliest humans use to stockpile food and store tools. Presently inventory control
your business or even the ones that have the least number. You will not lose track of anything ever again.
Technology
Supply Process
Inventory
Products
Demands
7. Conclusion :
Online Inventory Control can assist enterprise owners in managing their inventory, i.e. using them in monitoring the stock validity, stock on shelves, misplaced stock etc. The use of internet could play a major role in keeping enterprise owners posted about what is happening on the inventory without them being physically there and helping them to make informed decisions, and to know urgent matters which may need their attention immediately. Internet bridge that divide of objects and humans.
8. References :
[1] P. Zipkin, Foundations Of Inventory Management. Boston : McGraw Hill, 2000. [2] Atzori L., Lera A , Morabito G.,2010, The Internet of Things: A survey, University of Cagliari, Italy
[3] Dane, H. and Michael, K. and Wamba, F. S., (2010) RFID Enabled Inventory Control Optimization: A Proof of Concept in Small-to-Medium Retailer, University of Wollongong, Australia. [4] Chandec A., Dhekane S., Hemachandra N., and Rangaraj, N.,2005 , Perishable inventory management and dynamic pricing using RFID technology, Industrial Engineering and Operations Research, Indian Institute of Technology Bombay, Mumbai 400 076, India. [5] Weinstein R, (2005), RFID: A Technical Overview and Its Application to the Enterprise, IEEE Computer Society, United States. [6] M. Muller, Essentials Of Inventory Management. New York : American Management Association, 2003.