Professional Documents
Culture Documents
management system
presented by :
Sumeshan Dubey
Sumit Mehta
DEFINATION
Production Planning
Medical facilities
Millitary facilties
ADVANTAGES OF IMS
Availability of stock
It helps a seller to know that what is available in his
stock
Demand of a product
Helps to determine the demand of a product
More reliable
As operated through a computer system one can
rely on it
Its easy to keep record
While inventory management systems offer
retailers and vendors many advantages, there are
some pitfalls. Because the system aims to keep a
bare minimum of stock in store, retailers can be
caught short if an item unexpectedly becomes a
big seller. Retailers traditionally kept additional
stock on hand -- known as buffer or safety stock --
to prevent that occurrence, but many have
discontinued the practice.
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