Inventory Planning In Small Business

Improving Inventory Management in Small Business

Introduction: The growth of small business is fast and their impact on the economy is becoming bigger. How to manage the inventory effectively and efficiently often is a challenge for these small businesses. The study took place at HEM-SOL FORSALJNINGS AB, a company involved in gym sports equipment wholesale. For HEM-SOL two inventory problems, stock-out and overstock occur frequently. The comp...

Inventory Management in Small Business: Adecision Matrix Approach

This article provides a decision tool to assist small business managers in their search for an appropriate inventory management system. In the article, a functional taxonomy that would match various small business sectors with certain operational consideration points is proposed. This taxonomy is basically a two-dimensional decision matrix that can equip these managers with various perspectives...

SCM Innovation for Business Globalization Based on Coupling Point Inventory Planning

Business Systems Planning and Business Control Study

in the course of their analyses. Underlying the BSP and BICS analyses are the data management problems that result from systems design approaches that optimize the management of technology at the expense of managing the data. Iri comparing BSP and BICS, jive similarities and five diflerences are selected for discussion, and, finally, the strengths and weaknesses of each methodology are noted. T...

Dynamic Inventory Planning with Unknown Costs and Stochastic Demand

Generally ordering policies are done by two methods, including fix order quantity (FOQ) and fix order period (FOP). These methods are static and either the quantity of ordering or the procedure of ordering is fixing in throughout time horizon. In real environments, demand is varying in any period and may be considered as uncertainty. When demand is variable in any period, the traditional and st...