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Role Of The Application Of Computer In Inventory Planning And Control In An Organization
CHAPTER ONE -- [Total Page(s) 5]
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1.2 STATEMENT OF THE PROBLEM
The
problem of inventory planning and control has been very daring but it
has also been within the past years that this scientific method in
computer was introduced in various companies and establishments to
promote proper inventory planning and control. The researcher desired to
go into the major problems which the establishment have been
experiencing before the use of computer was imitated and deduced
remedies and solutions in solving these problems. As a result of many
operational activities of industries and establishments, they have found
the difficult with the surge in business activities. The function of
the stores is changing into a more complex one, which emphasized the
availability of information at the shortest possible and also the
speeding up of time used in rendering certain services. This means that,
the use of manual operations could not effectively handle the whole
work load and this almost led to a less servicing activities to
different operational areas. This also means that materials shortage
were delays in stock recording and delivery, at times a complete halt as
shortage of material will hit the services operations. Computerization
is then seen as answer to those problems facing servicing and
manufacturing industries that operates a large system and has the
finance and manpower quickly embraced the new technology.
Beside the role of computer in inventory managements face a lot of difficulties due to the following problems.
(a) Inability to determine correctly the exact period of replenishment stock and the economic order quantity.
(b) Inadequate planning and effective control of stock.
(c) Unfavorable internal and external factors which influences inventory planning and control
(d) Inability of the inventory managers to predict with certainty into the future of their customer demand.
(e) Shortage of funds available to business managers and the need to resolve the liquidity and profitability conflict.
(f) Poor accounting documentation of stock
(g) Lack of unskilled personnel to operate the computer system.
(h) Hum Sum of money involved in the purchase of computer system.
(i) Unauthorized persons getting access to the computer system.
(j)
The difficulty of correcting errors when they occurs, when the wrong
code number is entered the various services rendered in inventory
planning and control and how this application has affected output and
efficiency.
1.3 OBJECTIVE OF THE STUDY
What ever be the nature and
structure of a country for instance Nigeria, Sam Mbakwe International
cargo airport has contributed immensely to the success and development
of the country hence international buying and selling via relationship
is concern. To this end the objectives of the study are.
(1) To examine the methods and importance of computer application in inventory planning and control
(2) To identify the effects of computer application in inventory planning and control.
(3) To investigate into the uses to increases the efficiency of the store.
(4) To examine the Overview of computer application to the various services rendered in inventory planning and control.
(5) To identify the desirability and effects of computer application in the storage system.
(6) To find how computer application in inventory planning and control will help change the whole concept of inventory.
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ABSRACT - [ Total Page(s): 1 ]Inventories are the life wire of any services and manufacturing organization, they refer to the stock of items used in the operation of the business. This represents a significant portion of most firms assets and such demand proper management of efficiency and effectiveness and in that light it brings us to the research topic†the role of the application of computer in inventory planning and control in an organization .The role of computer as a data processing tools in business is today an ... Continue reading---
