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Role Of The Application Of Computer In Inventory Planning And Control In An Organization
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1.8 LIMITATIONS OF THE STUDY
The
Zeal and enthusiasm that the researcher felt in the course of this
research was short-lived as a result of certain obstacles which are as
follows.
a. NON- RESPONSE
The staff of Sam Mbakwe international
cargo airport felt reluctant to give o information to avoid being
maneuvered by their federal auditors and even compactors posed a problem
and there was no bank where one can easily go for the collection of
such information.
B. TIME FACTOR
The time carrying out this
research was limited for visits and revisiting to the place of
establishment because of the institutions academic system which did not
create a particular period for their research work which resulted in the
researcher dividing her time between lecturers and research.
c. FINANCE
The
cost involved in carrying out this research was exorbitant, coupled
with the present economic condition affected the research of the work.
1.9 DEFINITION OF TERMS
The
terms in this study which have unique meaning that could be subjected
to different interpretation by different readers of this project are as
follows.
(1) HARDWARE: It is the mechanical, magnetic, electronic
and electrical devices and components of the compute operating system
itself.
(2) SOFTWARE: It provides an interface between the user
programmers and operators, the hardware system and the application
software.
(3) ACCESSS: Is the process by which information are funds in a storage devices and called up for use.
(4) HUMAN WARE: Is the term used for people who are directly involved in the use of computer.
(5) TURNKEY SYSTEM: Is a system where only the operation peoples ware or users have the code to get in and out of the system.
(6) MASTER RECORD SIZE: Is the quantity to be ordered whether from within or without the source to avoid relevant cost.
(7) UODARE: It is a process of modifying a master record with current information according to a specific procedure.
(8)
COMPUTERIZED INVENTORY SYSTEM: is the set of policies and controls that
monitors levels of inventories and determine what level should be
maintained, when stock should be replenished and how large orders should
be.
(9) INVENTORY: this can be defined as stock of raw materials,
component parts, fabricating parts or finished goods which are held for
several reasons.
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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---
