1. The Association for Operations Management www.apics.org Access this site to f
ID: 346950 • Letter: 1
Question
1. The Association for Operations Management www.apics.org Access this site to find information of interest about inventory control and write the same.
2. Effective Inventory Mgmt. Inc. www.effectiveinventory.com/articles.html Read one or more of the articles on this site and write a short summary.
3. CISS, Ltd. www.cissltd.com Run an online demo of Inventory Pro. What types of reports are available to the user?
4. Retail Pro www.retailpro.com Examine this software system for the control of retail inventories. Write a short report on the main features you find.
Explanation / Answer
Answer 1:
The Association for Operations Management -Inventory control and Management –
Inventory is the key value element of the organization which covers the 70 % of the value of the organization. Companies explore various ways for ensuring the inventory accuracy, as it directly linked with high value. Companies are exploring various ways for inventory control and management techniques, so that their plant material cost is within the given targets.
Inventory accuracy is the base for inventory management. The APPICs inventory accuracy, control and management seminars helps on the subject for the business operation managers to learn best practices and explore the benefits in their plant material cost.
APPICs runs the program on inventory management is CPIM – Certified in Production and Inventory Management. This program focuses mainly on best practices of production and inventory control and inventory management.
Inventory management is the key element at the plant level and it needs proper and focus approaches for getting the desired benefits for the organization. For inventory management and control following ways and means are being explored at the organization level as below
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