The document discusses the development of an inventory management software for automobile dealers. It begins with an introduction to inventory management and the challenges dealers face. It then describes conducting market research with dealers to understand needs. Quality Function Deployment was used to translate customer requirements into software requirements. Visual Basic and Access were chosen as the development platform. The software allows dealers to view current stock, calculate reorder points and quantities, search for items by number or name, and integrate ordering and billing. It is intended to improve forecasting, planning and customer satisfaction for dealers.
ERP is an integrated software system that manages key business processes across an entire organization. It allows different departments to use a single shared database and software platform to enter and access the same data. Implementing an ERP system requires significant time and resources but can deliver benefits like reduced costs, improved data accuracy and access, avoidance of redundant work, and easier adaptation to changes. Major challenges include the need to reengineer business processes and overcome resistance to information sharing between departments.
Flipkart is India's largest e-commerce retailer. The document analyzes Flipkart's inventory and supply chain management. It discusses how Flipkart maintained high stock levels in its 300+ warehouses to avoid shortages. However, this led to issues like excess storage and expired goods. Flipkart addressed this using just-in-time delivery and partnerships with 15+ couriers for timely order fulfillment. It also uses sales data to predict inventory levels and reduce waste.
A Comprehensive Guide to Salesforce Field Service Cloud Analogy
Salesforce Field Service Lightning (FSL), one of the finest products for field workers and technicians within the Salesforce CRM. You will get to know about all the details related to Salesforce Field Service in these slides.
This document provides an overview of enterprise resource planning (ERP) systems. It discusses key ERP modules like finance, human resources, supply chain management, and manufacturing. It also outlines advantages of ERP systems like end-to-end visibility, planning and reporting, and data security. Challenges of ERP implementation include finding the right software, gaining management commitment, and providing adequate training. Trends in ERP highlighted are more user-friendly interfaces, increased mobility, greater integration between systems, and demand for cloud-based solutions.
ERP is an integrated software system that manages key business processes across an entire organization. It allows different departments to use a single shared database and software platform to enter and access the same data. Implementing an ERP system requires significant time and resources but can deliver benefits like reduced costs, improved data accuracy and access, avoidance of redundant work, and easier adaptation to changes. Major challenges include the need to reengineer business processes and overcome resistance to information sharing between departments.
Flipkart is India's largest e-commerce retailer. The document analyzes Flipkart's inventory and supply chain management. It discusses how Flipkart maintained high stock levels in its 300+ warehouses to avoid shortages. However, this led to issues like excess storage and expired goods. Flipkart addressed this using just-in-time delivery and partnerships with 15+ couriers for timely order fulfillment. It also uses sales data to predict inventory levels and reduce waste.
A Comprehensive Guide to Salesforce Field Service Cloud Analogy
Salesforce Field Service Lightning (FSL), one of the finest products for field workers and technicians within the Salesforce CRM. You will get to know about all the details related to Salesforce Field Service in these slides.
This document provides an overview of enterprise resource planning (ERP) systems. It discusses key ERP modules like finance, human resources, supply chain management, and manufacturing. It also outlines advantages of ERP systems like end-to-end visibility, planning and reporting, and data security. Challenges of ERP implementation include finding the right software, gaining management commitment, and providing adequate training. Trends in ERP highlighted are more user-friendly interfaces, increased mobility, greater integration between systems, and demand for cloud-based solutions.
The document discusses Enterprise Resource Planning (ERP) systems. ERP systems integrate various business functions like manufacturing, sales, inventory, accounting etc into a single system. The document outlines the evolution of ERP from earlier software packages, describes the components and benefits of ERP systems like improved efficiency and information integration. It also discusses challenges in ERP implementation like costs, timelines and resistance to change.
The document discusses the advantages of an ERP software system including no data redundancy, easier communication between departments, and improved self-awareness. It describes how ART Inc can help companies implement and customize an ERP system to streamline business processes, boost sales, manage customer relationships, invoices, accounting, projects, human resources, purchases, customer service, documents, and email marketing. Key strengths of their ERP software include integrated applications, an easy-to-use interface, and flexible customization.
The document discusses Enterprise Resource Planning (ERP) systems. It describes the ERP architecture as using a client-server model with a relational database to store and process data. The ERP lifecycle involves definition, construction, implementation, and operation phases. Core ERP components manage accounting, production, human resources and other internal functions, while extended components provide external capabilities like CRM, SCM, and e-business. Proper implementation requires screening software, evaluating packages, analyzing process gaps, reengineering workflows, training staff, testing, and post-implementation support.
Management information systems (MIS) help organizations manage people and make decisions using technology. Managers use MIS to gather and analyze information about various aspects of an organization, like personnel, sales, inventory, and production. This allows them to better evaluate performance and make decisions. For example, a payroll system with a biometric time clock allows companies to track employee tardiness and absences from payroll records. A hotel management system like Folio Plus provides tools to manage reservations, room occupancy, billing, and cash transactions to help hotels run more efficiently. MIS helps companies solve problems by allowing them to manage resources better and make data-driven decisions.
This document discusses customer relationship management (CRM) strategies and implementation. It covers CRM strategy topics like understanding customer needs, reducing churn, and increasing revenue. It also discusses CRM implementation topics like planning, product selection, data migration, and hosting. The overall document provides guidance on developing a comprehensive CRM strategy and successfully implementing a CRM system.
This document provides an overview of Oracle ERP presented by Nitin Maheshwari. It begins with an introduction to ERP systems and then discusses Oracle as an ERP vendor. The core modules of Oracle ERP are outlined, including financials, distribution, human resources, payroll, CRM, manufacturing and more. It then explains how ERP systems work by integrating a centralized database. The document also reviews benefits of ERP such as improved integration, efficiency and access to information. It concludes by emphasizing the large market for ERP services and encouraging attendees to pursue related careers and courses.
This presentation talks about the Retail industry inside out and focusses on the IT strategy being followed in the industry. A business case for Carrefour is built up for various candidate projects analysed using a 10 lens method.
I appreciate you leave a comment on the slideshow. You are free to use to use the information as long as you mention the source although I would not be able to share the originals with you since it is not under my ownership alone.
WMS supports key warehouse processes like managing complex warehouse structures, optimizing material flows through advanced binning and picking techniques, and quickly processing goods receipt, issue, and transfers. It provides benefits like optimization of capacity and material flows, monitoring of stock levels in storage areas and bins, and knowing the actual occupied and empty space percentages in the warehouse. Key features include creating multiple warehouse locations, locating materials randomly within them, handling different storage types, and controlling material receipt, consolidation, storage, picking, packing and dispatch flows.
What is an ERP system? This guide explains what an ERP system is and how it works for your business.
Two primary concerns of any business are efficiency and profitability. This is basically what an ERP system is designed to optimize.
An ERP system allows you to perform the necessary money-making processes of your business as efficiently as possible.
To achieve a level of efficiency and profitability, a business aims to maximize it’s bottom line while keeping overhead costs low.
An ERP system provides a business with management software that fosters productivity.
The term “ERP” stands for Enterprise Resource Planning.
Basically, an ERP system is a shared database that reflects the moving parts of a company. This provides a much broader, top-down perspective of your business.
Installing an ERP system will grant you a much fuller picture of what is actually going on, in any given period of time.
Some processes in which you can gain some business insights include: sales, human resources, inventory, purchasing, finances, online ordering and many more buckets.
The main objective of an ERP system is to improve how your business resources are spent, and that means money and time. By taking a wide-view, and analyzing every aspect of your business, you will be able to decide if you are properly deploying your resources in a way that will drive maximum profitability.
Oracle CRM provides a complete suite of customer relationship management applications including marketing, sales, service, commerce, and social CRM capabilities. It has evolved over time through Oracle's acquisitions of other CRM vendors. The software is designed to integrate with other Oracle applications and provide a unified view of the customer across channels. Major industries that use Oracle CRM include banking, communications, insurance, and retail.
Presentation on erp by Khurram Waseem Khan mba 2nd semester hukhurram wasim khan
The document provides an overview of an Enterprise Resource Planning (ERP) presentation given by Khurram Waseem Khan at Hamdard Institute of Management Sciences. The presentation covered topics such as what ERP systems are, how they are implemented, benefits they provide to companies, and examples of how ERP systems work at Istanbul Fast Ferries and EMU. The presentation also discussed useful SAP modules for engineers and benefits they gain from ERP systems.
The document discusses the challenges of field service management and how ServiceNow's Field Service Management solution addresses these challenges. It summarizes that FSM helps companies efficiently manage location-based work tasks through features like online appointment booking, dynamic scheduling, visual dispatch, mobile interfaces for technicians, and customized reporting and dashboards to provide insights. It integrates with ServiceNow's customer service and IT service management solutions to connect customer service/helpdesk with field services processes.
Enterprise Resource Planning (ERP) systems integrate various business functions and departments into a single system with a shared database. ERP systems combine databases for planning, manufacturing, sales, marketing and other departments. They provide many benefits like standardized processes, reduced inventory costs, and integrated financial and customer information. Implementing an ERP system involves analyzing current business processes, customizing the ERP modules to match, training employees, and integrating the new system to replace old standalone systems. Major challenges are limitations of the software, changes to employee roles, and resistance to change from employees.
Microsoft has re branded Dynamics CRM as Dynamics 365 for Sales in Dynamics 365. it is design to support the record keeping of the entire sale process. Dynamics 365 for Sales is an easy, agile and integrated CRM solution that enables you and your employees to make well-founded decisions, increase your turnover and provide a superior service to your customers.
Effective management to implement ERP-SAPMario Navarro
Description of the key management areas and functions to be considered for a successful implementation of an ERP technology focued in SAP solution delivery.
Enterprise resource planning unit 1 introductionGanesha Pandian
This document provides an overview of enterprise systems and ERP implementation. It discusses the evolution of ERP from materials requirements planning systems in the 1970s to modern extended ERP solutions. The document also outlines some key risks and benefits of ERP implementation, including integration challenges, time and expense requirements, and potential for improved decision making and resource utilization. Additional topics covered include ERP architecture, related business intelligence technologies, and important factors for a successful ERP project.
The document discusses some key considerations for determining ERP system requirements, including focusing on business goals and future needs rather than just transferring current processes. It provides an extensive list of common ERP requirements across key areas like accounting, human resources, manufacturing, sales, supply chain management, and customer relationship management. The document also briefly outlines some potential limitations of ERP systems like high implementation costs, lengthy deployment times, and difficulties with customization and data migration.
Facing problems in creating a presentation on supply chain management? Here we present our ready to use supply chain management performance PowerPoint presentation slides. Our order fulfilment PowerPoint templates will add value to your Presentation. This inventory management presentation slides will be helpful for operations managers to impress their middle management. This SCM presentation covers slides on inventory ratio, financial and non-financial measures, inventory KPIs, work-in-progress, inventory management, operational management. It also covers logistics, procurement and marketing, mind map and additional slides etc. This product development PowerPoint presentation can be used for the related topics inventory management, supply chain logistics flow, material management, raw-material management performance, circular supply chain management, goods and service flow, etc. Download our supply chain management performance PowerPoint Presentation template and impress your viewers. Folks feel intensely grateful due to our Supply Chain Management Performance Powerpoint Presentation Slides. They appreciate your gift of good advice. https://bit.ly/38OZK0Q
This document provides an overview of enterprise resource planning (ERP) systems. It defines ERP as software that integrates business functions across an enterprise, discusses the history and evolution of ERP from separate systems in the 1960s-1980s to integrated ERP in the 1990s, and outlines the main components or modules of a typical ERP system, including accounting, human resources, manufacturing, project management, customer relationship management, and supply chain management. The document also covers ERP implementation options, vendors, advantages, disadvantages, examples of successful implementations, and reasons why ERP projects fail.
The document discusses warranty claim processing in SAP. It describes four key actions - CREQ, WRTY, MEAS, and GEOB/WYVH - that are used to create master data needed for warranty checks in the Vehicle Management System and Warranty Processing applications. CREQ creates equipment for vehicles. WRTY assigns master warranties to equipment. MEAS assigns measuring points and warranty counters. GEOB/WYVH allow assigning data to vehicles without equipment. The actions link the applications and enable automatic warranty checks.
Manufacturing, Import & Export - comparing USA and India pptHarbans Buttar, MBA
In this paper & presentation, i have cover Manufacturing and its content, Import, and export in the USA and then comparing the USA vs India on Manufacturing, imports, & exports etc.
The document discusses Enterprise Resource Planning (ERP) systems. ERP systems integrate various business functions like manufacturing, sales, inventory, accounting etc into a single system. The document outlines the evolution of ERP from earlier software packages, describes the components and benefits of ERP systems like improved efficiency and information integration. It also discusses challenges in ERP implementation like costs, timelines and resistance to change.
The document discusses the advantages of an ERP software system including no data redundancy, easier communication between departments, and improved self-awareness. It describes how ART Inc can help companies implement and customize an ERP system to streamline business processes, boost sales, manage customer relationships, invoices, accounting, projects, human resources, purchases, customer service, documents, and email marketing. Key strengths of their ERP software include integrated applications, an easy-to-use interface, and flexible customization.
The document discusses Enterprise Resource Planning (ERP) systems. It describes the ERP architecture as using a client-server model with a relational database to store and process data. The ERP lifecycle involves definition, construction, implementation, and operation phases. Core ERP components manage accounting, production, human resources and other internal functions, while extended components provide external capabilities like CRM, SCM, and e-business. Proper implementation requires screening software, evaluating packages, analyzing process gaps, reengineering workflows, training staff, testing, and post-implementation support.
Management information systems (MIS) help organizations manage people and make decisions using technology. Managers use MIS to gather and analyze information about various aspects of an organization, like personnel, sales, inventory, and production. This allows them to better evaluate performance and make decisions. For example, a payroll system with a biometric time clock allows companies to track employee tardiness and absences from payroll records. A hotel management system like Folio Plus provides tools to manage reservations, room occupancy, billing, and cash transactions to help hotels run more efficiently. MIS helps companies solve problems by allowing them to manage resources better and make data-driven decisions.
This document discusses customer relationship management (CRM) strategies and implementation. It covers CRM strategy topics like understanding customer needs, reducing churn, and increasing revenue. It also discusses CRM implementation topics like planning, product selection, data migration, and hosting. The overall document provides guidance on developing a comprehensive CRM strategy and successfully implementing a CRM system.
This document provides an overview of Oracle ERP presented by Nitin Maheshwari. It begins with an introduction to ERP systems and then discusses Oracle as an ERP vendor. The core modules of Oracle ERP are outlined, including financials, distribution, human resources, payroll, CRM, manufacturing and more. It then explains how ERP systems work by integrating a centralized database. The document also reviews benefits of ERP such as improved integration, efficiency and access to information. It concludes by emphasizing the large market for ERP services and encouraging attendees to pursue related careers and courses.
This presentation talks about the Retail industry inside out and focusses on the IT strategy being followed in the industry. A business case for Carrefour is built up for various candidate projects analysed using a 10 lens method.
I appreciate you leave a comment on the slideshow. You are free to use to use the information as long as you mention the source although I would not be able to share the originals with you since it is not under my ownership alone.
WMS supports key warehouse processes like managing complex warehouse structures, optimizing material flows through advanced binning and picking techniques, and quickly processing goods receipt, issue, and transfers. It provides benefits like optimization of capacity and material flows, monitoring of stock levels in storage areas and bins, and knowing the actual occupied and empty space percentages in the warehouse. Key features include creating multiple warehouse locations, locating materials randomly within them, handling different storage types, and controlling material receipt, consolidation, storage, picking, packing and dispatch flows.
What is an ERP system? This guide explains what an ERP system is and how it works for your business.
Two primary concerns of any business are efficiency and profitability. This is basically what an ERP system is designed to optimize.
An ERP system allows you to perform the necessary money-making processes of your business as efficiently as possible.
To achieve a level of efficiency and profitability, a business aims to maximize it’s bottom line while keeping overhead costs low.
An ERP system provides a business with management software that fosters productivity.
The term “ERP” stands for Enterprise Resource Planning.
Basically, an ERP system is a shared database that reflects the moving parts of a company. This provides a much broader, top-down perspective of your business.
Installing an ERP system will grant you a much fuller picture of what is actually going on, in any given period of time.
Some processes in which you can gain some business insights include: sales, human resources, inventory, purchasing, finances, online ordering and many more buckets.
The main objective of an ERP system is to improve how your business resources are spent, and that means money and time. By taking a wide-view, and analyzing every aspect of your business, you will be able to decide if you are properly deploying your resources in a way that will drive maximum profitability.
Oracle CRM provides a complete suite of customer relationship management applications including marketing, sales, service, commerce, and social CRM capabilities. It has evolved over time through Oracle's acquisitions of other CRM vendors. The software is designed to integrate with other Oracle applications and provide a unified view of the customer across channels. Major industries that use Oracle CRM include banking, communications, insurance, and retail.
Presentation on erp by Khurram Waseem Khan mba 2nd semester hukhurram wasim khan
The document provides an overview of an Enterprise Resource Planning (ERP) presentation given by Khurram Waseem Khan at Hamdard Institute of Management Sciences. The presentation covered topics such as what ERP systems are, how they are implemented, benefits they provide to companies, and examples of how ERP systems work at Istanbul Fast Ferries and EMU. The presentation also discussed useful SAP modules for engineers and benefits they gain from ERP systems.
The document discusses the challenges of field service management and how ServiceNow's Field Service Management solution addresses these challenges. It summarizes that FSM helps companies efficiently manage location-based work tasks through features like online appointment booking, dynamic scheduling, visual dispatch, mobile interfaces for technicians, and customized reporting and dashboards to provide insights. It integrates with ServiceNow's customer service and IT service management solutions to connect customer service/helpdesk with field services processes.
Enterprise Resource Planning (ERP) systems integrate various business functions and departments into a single system with a shared database. ERP systems combine databases for planning, manufacturing, sales, marketing and other departments. They provide many benefits like standardized processes, reduced inventory costs, and integrated financial and customer information. Implementing an ERP system involves analyzing current business processes, customizing the ERP modules to match, training employees, and integrating the new system to replace old standalone systems. Major challenges are limitations of the software, changes to employee roles, and resistance to change from employees.
Microsoft has re branded Dynamics CRM as Dynamics 365 for Sales in Dynamics 365. it is design to support the record keeping of the entire sale process. Dynamics 365 for Sales is an easy, agile and integrated CRM solution that enables you and your employees to make well-founded decisions, increase your turnover and provide a superior service to your customers.
Effective management to implement ERP-SAPMario Navarro
Description of the key management areas and functions to be considered for a successful implementation of an ERP technology focued in SAP solution delivery.
Enterprise resource planning unit 1 introductionGanesha Pandian
This document provides an overview of enterprise systems and ERP implementation. It discusses the evolution of ERP from materials requirements planning systems in the 1970s to modern extended ERP solutions. The document also outlines some key risks and benefits of ERP implementation, including integration challenges, time and expense requirements, and potential for improved decision making and resource utilization. Additional topics covered include ERP architecture, related business intelligence technologies, and important factors for a successful ERP project.
The document discusses some key considerations for determining ERP system requirements, including focusing on business goals and future needs rather than just transferring current processes. It provides an extensive list of common ERP requirements across key areas like accounting, human resources, manufacturing, sales, supply chain management, and customer relationship management. The document also briefly outlines some potential limitations of ERP systems like high implementation costs, lengthy deployment times, and difficulties with customization and data migration.
Facing problems in creating a presentation on supply chain management? Here we present our ready to use supply chain management performance PowerPoint presentation slides. Our order fulfilment PowerPoint templates will add value to your Presentation. This inventory management presentation slides will be helpful for operations managers to impress their middle management. This SCM presentation covers slides on inventory ratio, financial and non-financial measures, inventory KPIs, work-in-progress, inventory management, operational management. It also covers logistics, procurement and marketing, mind map and additional slides etc. This product development PowerPoint presentation can be used for the related topics inventory management, supply chain logistics flow, material management, raw-material management performance, circular supply chain management, goods and service flow, etc. Download our supply chain management performance PowerPoint Presentation template and impress your viewers. Folks feel intensely grateful due to our Supply Chain Management Performance Powerpoint Presentation Slides. They appreciate your gift of good advice. https://bit.ly/38OZK0Q
This document provides an overview of enterprise resource planning (ERP) systems. It defines ERP as software that integrates business functions across an enterprise, discusses the history and evolution of ERP from separate systems in the 1960s-1980s to integrated ERP in the 1990s, and outlines the main components or modules of a typical ERP system, including accounting, human resources, manufacturing, project management, customer relationship management, and supply chain management. The document also covers ERP implementation options, vendors, advantages, disadvantages, examples of successful implementations, and reasons why ERP projects fail.
The document discusses warranty claim processing in SAP. It describes four key actions - CREQ, WRTY, MEAS, and GEOB/WYVH - that are used to create master data needed for warranty checks in the Vehicle Management System and Warranty Processing applications. CREQ creates equipment for vehicles. WRTY assigns master warranties to equipment. MEAS assigns measuring points and warranty counters. GEOB/WYVH allow assigning data to vehicles without equipment. The actions link the applications and enable automatic warranty checks.
Manufacturing, Import & Export - comparing USA and India pptHarbans Buttar, MBA
In this paper & presentation, i have cover Manufacturing and its content, Import, and export in the USA and then comparing the USA vs India on Manufacturing, imports, & exports etc.
The document discusses Mexico's automotive industry and opportunities for investment. It notes that Mexico has the 9th largest vehicle production in the world and its automotive sector accounts for 18% of manufacturing GDP and 10% of manufacturing jobs. The auto industry and its over 1,250 auto parts suppliers form an important platform for global manufacturing. Mexico has trade agreements improving access to over a billion consumers and offers programs and incentives to support the industry.
This document provides information about doing business in Mexico. It includes a country profile with statistics on population, GDP, exports, imports, and unemployment. It discusses Mexico's economy and its relationship with the US through NAFTA. It outlines opportunities in various sectors like renewable energy, agribusiness, and infrastructure. The document discusses challenges like differences between legal systems and security issues. It provides strategies for market entry, selling US products/services through distributors, agents, offices, franchising, and to the government. It also discusses business schedules and legal aspects of export market entry.
A large automobile manufacturer hired 15 techies to build a dealer database management system over 12 months using Windows Azure Cloud and NoSQL databases. The system provides dealer information management, communication features, form uploading and customization, inventory management integrated with point-of-sale systems, membership management, and scheduling capabilities to help manage their large network of dealers.
Role of production planning and control in operation managementRiya Sunny
Planning and Control are very important for success of an operation unit. For effective operation in a manufacturing unit, it is essential to integrate the production ...
The document provides an introduction to the TVS group and TVS Motor Company. It discusses that TVS Motor Company is India's third largest two-wheeler manufacturer and among the top ten in the world. It has a 15% market share in India and exports products to over 50 countries. The document also lists some of TVS Motor Company's key two-wheeler and three-wheeler products and provides details on its market position and financial performance.
Operation management, toyota production systemOmar Hamdan
The success of Toyota Motor Company is due to the unique reduction systems that focus on continuous improvement and just in time management. Toyota has created a decentralised structure that encourages employee participation and team working. Toyota incorporated concepts just as supply chain management and inventory management to create high quality automobiles and gain a competitive edge in the highly competitive global automobile market. Toyota’s success and its lean manufacturing philosophy have been widely studied. The Toyota manufacturing system is centred on achieving a high level of productivity. The company has a unique approach to problem solving and it continuously trains its employees.
The document discusses the eight elements of Total Quality Management (TQM). It describes the elements as: 1) Ethics, 2) Integrity, 3) Trust, 4) Training, 5) Teamwork, 6) Leadership, 7) Communication, and 8) Recognition. These elements can be divided into four groups: foundation, building blocks, binding mortar, and roof. The foundation includes ethics, integrity and trust. The building blocks are training, teamwork and leadership. Communication binds the elements together. Recognition forms the roof of the TQM system. Effective implementation of all eight elements is necessary for organizational success with TQM.
The document discusses the fertilizer industry in India, noting that it plays a pivotal role in agriculture and food production in the country. It outlines the growth of the fertilizer industry from its beginnings in the early 20th century to the present day, where India is now the third largest producer and consumer of fertilizers globally. The importance of the fertilizer industry to India's economy and agriculture is highlighted, as fertilizers have been a major factor in India achieving self-sufficiency in food grain production.
- Inventory constitutes a significant part of current assets for many companies, often around 60% of current assets. Effective inventory management is important to avoid unnecessary costs and ensure profitability.
- There are different types of inventory including raw materials, work in progress, and finished goods. The objectives of inventory management are to maintain optimal inventory levels for smooth operations while minimizing costs.
- An optimum inventory level balances ordering costs, carrying costs, and stock-out costs. Both over-investment and under-investment in inventory can be dangerous for a company. Effective inventory management tracks inventory levels and determines when and how much to order.
Kuldeep Uttam provides an overview of inventory management concepts in 3 pages. He defines inventory as physical resources held for sale or transformation. The purpose of inventory management is to determine order quantities and timing. Inventories include raw materials, work-in-progress, finished goods, and supplies. Inventory management aims to balance holding versus ordering costs. Methods include economic order quantity models, reorder points, and ABC classification to prioritize inventory items. The document provides definitions and examples of key inventory management terms and techniques.
This document discusses improving service quality and productivity. It defines service quality and describes tools for measuring it, including SERVQUAL. The Gaps Model identifies seven gaps between customer expectations and perceptions and how to address them. Key tools for measuring and improving productivity are also outlined, such as fishbone diagrams, Pareto charts, blueprinting, and Six Sigma. Both soft and hard measures are important for quality, and strategies like process redesign and customer involvement can boost productivity.
This document outlines the requirements for an inventory management system for a general store. It includes four key user roles: administrator, salesperson, sales manager, and inventory manager. The administrator can add/edit/delete user accounts and product inventory. Salespeople can view inventory levels, search for products, generate bills, cancel bills, return unsatisfactory items, and notify managers. Sales managers oversee exceptions and the inventory manager replenishes stock levels based on salesperson notifications. Data flow diagrams and entity relationship diagrams are also included to design the system's architecture and database structure.
Operations in Source to Pay (S2P) CycleIRJET Journal
The document discusses operations in the source-to-pay (S2P) cycle. It describes the key steps in the S2P process, including generating material requirements, sending requests for quotation, identifying suppliers, receiving quotes, approving purchase orders, receiving goods, processing payments, and dispatching materials to buyers. It also discusses challenges like risk mitigation and supplier management issues. Additionally, it outlines performance indicators for evaluating the procure-to-pay process and emphasizes the importance of procurement in helping businesses address disruptions and maintain operational continuity.
This document provides an overview of various business functions and how information systems support them. It discusses accounting, finance, engineering, supply chain management, customer relationship management, and human resource management. Information systems help with activities like inventory control, manufacturing scheduling, targeted marketing, and employee records management. The document also covers ethical issues around consumer privacy and the collection and use of personal data.
If you're in search of SAPMM Interview Questions to crack your interview rounds then you are at the right place. Here are the frequently asked SAP MM interview question & answers.
SAP is the world's leading enterprise management suite. SAP MM or SAP Material Mangement is a vital tool of the SAP ERP module. A robust module SAP MM encompasses different aspects of material management including functions like goods receivables, invoicing and billing, material usage and consumption among others.
(1) The document discusses procurement processes and systems, including fraud risks. It describes the procurement cycle and key elements like purchase requisitions, purchase orders, and goods receipt.
(2) It outlines government initiatives in Malaysia to combat procurement fraud, such as establishing a central procurement body and implementing e-procurement. This has increased transparency.
(3) Automating procurement can support good governance and reduce corruption risks by integrating controls, segregating duties, and enabling transparency through e-procurement and audit trails. Workflow alerts and dashboards also improve oversight.
Top 25 SAP MM Interview Questions & Answers | IQ Online TrainingIQ Online Training
If you're in search of SAPMM Interview Questions to crack your interview rounds then you are at the right place. Here are the frequently asked SAP MM interview question & answers.
SAP is the world's leading enterprise management suite. SAP MM or SAP Material Mangement is a vital tool of the SAP ERP module. A robust module SAP MM encompasses different aspects of material management including functions like goods receivables, invoicing and billing, material usage and consumption among others.
Transforming Inventory Management System using MEAN StackIRJET Journal
The document discusses transforming an inventory management system using the MEAN stack. It begins by introducing the MEAN stack components - MongoDB, ExpressJS, Angular, and NodeJS. It then discusses the challenges with traditional inventory systems and how the MEAN stack can be used to develop a web application for inventory management. Key advantages of the new system include increased profitability, improved cash flow, better decision making, and increased customer satisfaction through more effective management of inventory levels and sales. The system architecture is also summarized, outlining how each MEAN component works together to handle requests and responses through the frontend interface, backend server, and MongoDB database.
The document discusses how enterprise resource planning (ERP) software provides value and return on investment for mining companies. It describes how ERP improves operations such as inventory management, procurement, maintenance scheduling, and real-time reporting. ERP allows mining companies to more effectively plan labor, track inventory usage, automate replenishment orders, and provide executives with accountability and visibility into project costs. When implemented correctly across key business areas, ERP can significantly improve performance and financial outcomes for mining organizations.
OrderZone helps businesses simplify their supply chain management and procurement. It offers a multiple-supplier eCommerce marketplace where customers can search, order, and pay for business products and services from various suppliers in one place. The platform includes inventory management, requisition management, asset tracking, and supplier scorecard modules. OrderZone aims to provide increased efficiency, cost savings, and visibility across business supply chains.
1. Pricing procedures in sales documents are determined by a combination of sales area, document pricing procedure, and customer pricing procedure.
2. Item categories provide additional control over pricing, billing, delivery, and other factors in sales documents based on customizing settings for the sales document type, item category group, and item usage.
3. The movement type in delivery documents comes from the schedule line category assigned in the sales order.
Used Construction Equipment for Sale in IndiaIron Tread
IronTread is India's leading online platform for used construction equipment sale, finance, and leasing. It aims to reduce inefficiency in the fragmented used equipment market by creating a centralized marketplace. IronTread will establish a network of over 500 equipment dealers across India within 18 months. This dealer network will provide IronTread access to customers and infrastructure to facilitate online used equipment transactions. IronTread also offers value-added services like inspection reports and fleet management tools to encourage customers to use its marketplace for future sales and rentals. Its goal is to become the dominant player in India's large used construction equipment market.
Finding innovative methods and exploring & creating strategic plans and tactics.Mueen Yousuf
This document discusses creating strategic plans and tactics for procurement. It explains that procurement plans are based on the strategic plans of different organizational functions like finance, manufacturing, sales and marketing. Procurement must anticipate conditions in the marketplace and formulate strategies to support internal needs and react to changing supply and demand. Effective strategy aligns procurement with these internal strategies and external market conditions through long and short-term commodity plans. The document also covers contents of purchase orders, types of purchase requests, bills of materials, and order placement formats.
#10 Must-Have Features for Inventory Management in Delhi-NCR.pdfdmshivittech
#10 >> Must-Have Features for Inventory Management in Delhi-NCR
In today's dynamic business world, effective inventory management is crucial for staying competitive and maximizing profits. Opting for the right inventory management software can streamline operations, enhance accuracy, and boost efficiency.
1.1DetailsCase Study Scenario - Global Trading PLCGlo.docxelliotkimberlee
1.1
Details
Case Study: Scenario - Global Trading PLC
Global Trading PLC is a mail order company that operates a number of different catalogues. Each catalogue addresses a specific market segment and the company is noticing a drop of in the sales through its higher end products and socio - economic customer group, typified by its 'life style' catalogue offerings.
Research has shown that this is because these groupings are now typically buying from companies offering similar services and products on the World Wide Web.
Whilst Global recognise the need to maintain its more traditional agent based catalogue business, they have now decided that they need to embrace e-commerce and develop a Web based service. The Finance Director has a PC at home and has recently bought Dreamweaver.
The existing database system, which has built up piecemeal over a number of years, has been poorly designed and is inadequate. This new development gives the company the opportunity to redesign their system.
It must be recognised that the 'traditional' business will continue for some years and that data stored for that may differ from that needed by the web based business. For example, the agent based catalogue customers must buy through the agent. Indeed, they are
identified by a combination of their customer number and the agent ID.
This style of catalogue maintains the traditional periodic payment system, so customer records need to include credit rating and transaction history data. By contrast, the 'life style' catalogue customers mostly pay by using credit cards, a system which is used by the vast majority of e-commerce transactions.
Information is maintained for customers so that marketing mailing can be targeted. It has been recognised that an individual could be both a credit card customer AND an agent supported customer. This currently leads to duplication of data storage and mailing, some of which can be contradictory and confusing.
The company headquarters is in Leeds with depots in strategic regional locations from where the company’s own fleet of delivery vans operates. Large regions can have more than one depot. There is a central depot near Birmingham that supplies the regional depots.
The structure of the Agents Organisation is as follows:
General Sales Manager
Midland
Northern
Southern
Scottish
Division
Division
Division
Division
Each division is split into a number of regions.
Each region has a number of agents, working on commission based on sales to their customers, who promote goods and take customer orders. A monthly report of the orders taken by product, with summaries at all levels of the Sales Organisation is produced for management. Sales statistics are required for each product category to monitor the effectiveness of different discount strategies.
Orders are received form their customers by agents, summarised and posted to head office over night.
The orders are then validated, priced and checked centrally for avail.
Dynamics 365 business central be able to change your business (5)sunbridgeindia
Dynamics 365 Business Central provides powerful manufacturing functionality that allows businesses to complete complex processes efficiently and stay ahead of competition. Key capabilities include production planning and orders, demand forecasting using historical data, capacity planning to optimize resource allocation, and finite loading to ensure capacity constraints are not exceeded. This enables accurate visibility into inventory levels, production efficiency, and anticipated demand to better manage operations.
The document discusses several supply chain management concepts and technologies, including CPFR (Collaborative Planning, Forecasting and Replenishment), ECR (Efficient Consumer Response), VMI (Vendor Managed Inventory), ERP (Enterprise Resource Planning), SCM software, and RFID (Radio Frequency Identification). It provides definitions and descriptions of each concept, outlines their key processes and benefits, and discusses implementation challenges.
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Similar to Automobile Dealer Inventory Management (20)
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1. AUTOMOBILE DEALER INVENTORY MANAGEMENT
T. DHEEPAN Anna University, India, dheepseela@gmail.com,
B.BALA MURUGAN Anna University,India,bala_ramnad@yahoo.co.in
Abstract
Effective Inventory Management enables an organization to meet or exceed the
expectations of the customers regarding product availability, while maximizing net profits or
minimizing costs. "Inventory" is one of the most visible and tangible aspects of doing business to many
small business owners. This paper illustrates the development of an inventory management software
which is a reflection based on the learning, and insights gained from a wide range of similar software
systems provided to the leading automobile dealers by their parent companies at Chennai, India. This
paper highlights the effective translation of the “voice of the customer”, gathered during market
research, into requirements using the Quality Function Deployment. The challenges encountered by
the automobile dealer in placing the optimal order for the inventory at the optimal time are addressed
by the software. The knowledge provided by the software with salient features such as the “Current
Stock in Hand”, “ Economic Order Quantity”, “Reorder Point”, “Bin location” aims to resolve these
challenges. Finally the paper discusses the benefits realized by the application of the software which
are achieving improved forecast accuracy, improved planning and scheduling capabilities, increased
asset utilization, and enhanced customer satisfaction.
Keywords: Inventory Management, Quality Function Deployment
2. 1
INTRODUCTION
1.1
INVENTORY MANAGEMENT
Reduction of inventories is the main reason that companies have sought alternative inventory
management methods. The use of smaller batches leads to the need for reduced inventory at any
particular point in the production process. Cash flow is improved due to less capital investment in
inventory. Less inventory leads to savings in other areas as well, such as smaller space requirements,
decreased materials handling costs, decreased record keeping costs, decreased insurance and tax
obligations, and less scrap and obsolescence (Moore, 1998). Effective Inventory Management thus
enables an organization to meet or exceed customer expectations of product availability while
maximizing net profits or minimizing costs.
Successful inventory management involves balancing the costs of inventory (Hedrick, 2001). Many
small business owners fail to appreciate fully the true costs of carrying inventory, which include not
only direct costs of storage, insurance and taxes, but also the cost of money tied up in inventory. The
business owners’ other concerns regarding inventory, apart from deciding between too much inventory
and not enough, are listed below:
(1) Maintaining a wide assortment of stock -- but not spreading the rapidly moving ones too thin;
(2) Increasing inventory turnover -- but not sacrificing the service level;
(3) Keeping stock low -- but not sacrificing service or performance;
(4) Obtaining lower prices by making volume purchases -- but not ending up with slow-moving
inventory;
(5) Having an adequate inventory on hand -- but not getting caught with obsolete items.
The degree of success in addressing these concerns is easier to gauge for some than for others. For
example, computing the inventory turnover ratio is a simple measure of managerial performance. This
value gives a rough guideline by which managers can set goals and evaluate performance. At the same
time, it must be realized that the turnover rate varies with the function of inventory, the type of
business, and how the ratio is calculated
Inventory decisions are means by which inventories are managed. Inventories exist at every stage of
the supply chain as either raw material, semi-finished or finished goods. They can also be in-process
between locations. Their primary purpose is to buffer against any uncertainty that might exist in the
supply chain. Since holding of inventories can cost anywhere between 20 to 40 percent of their value,
their efficient management is critical in supply chain operations.
In order to facilitate simplicity, uniformity and flexibility in placing orders for supply of spare parts
from the regional warehouses, a well organized system should be in vogue. Orders are classified into
various “order types” and a standard flow is maintained so as to make parts available at end user
location in minimum time and optimum cost.
Monthly order and “Vehicle off road” (VOR) order are the two types of orders given by the dealers.
As per the provisions of the software provided by a leading automobile manufacturing company, order
processing after receipt at the warehouses has the following steps:
(1) Order is registered on website wherein correctness of part numbers is automatically verified.
(2) Availability of road permit is checked.
(3) Allocation through system for stocked parts.
(4) Pick list generation.
(5) Picking and packing of spare parts as per pick list and feedback to system.
(6) Generation of delivery note and shipment.
(7) Dispatch of parts through recommended transporter.
(8) Generation of invoice.
3. (9) Movement of parts consignment from warehouse to customer location.
Monthly order: Fine tuned orders based on consumption pattern needs to be sent punctually to the
warehouses of the dealer, helping him achieve fill rates consistently. Excellent availability of spares is
an indispensable prerequisite for obtaining a good rating from the parent company. Monthly order
consists of two categories: (1) fixed order part and (2) variable order part. A fixed order for each
channel partner based on ordering pattern, the previous year needs to be worked out. It implies that the
dealer’s fixed order will be unique to his facility, aptly reflecting his consumption pattern the previous
year. The fixed order value should be at least 40% of the monthly average target.
Dealers can place orders on their routine requirements for the month. These are the well planned stock
orders and a monthly order for a particular month must be sent to corresponding regional warehouse
latest by 10th of the month (in most dealerships). These orders are generally valid for 90 days from the
date of registration of the order.
The following list of information regarding monthly order is usually provided to the dealer by the
parent company.
(1) Value of monthly order to be commensurate with prorate target for the month.
(2) Entire range of the parts to be covered as far as possible in order to ensure optimum
availability of parts.
(3) Order need to be registered on website as per standard procedure.
(4) Reference to be made to fast moving item list or order pad as supplied by the parent
company ordering.
(5) Road permit availability must be ensured at the corresponding regional warehouse.
(6) Availability of sufficient funds to be ensured in customer payer code account.
“Vehicle off road” order specially caters to the need of the exigency requirements i.e. when vehicle is
physically off-road. Order processing and the dispatch of material are done on priority and through
courier service only.
1.2
MARKET RESEARCH
An extensive market research spanning a month was conducted at Chennai involving all leading two,
three, and four wheeler automobile dealers who represent Indian and multinational automobile
manufacturing companies. A customer requirement form was devised prior to the conduction of the
market research. The objective was to identify the features and discrepancies of existing inventory
management software systems and to obtain suggestions, complaints of the direct users and dealers
regarding the same.
Information regarding (1) the mode of placing inventory orders, (2) the platform of development of the
software, (3) the complexity of the software with regard to forms and windows, and (4) the detailed
description of the software requirements were obtained.
Views of the user regarding (1) user friendliness of the software, (2) knowledge gap with the features
provided in the software, and (3) whether the features exceeded the requirements or some features are
missing, were obtained.
Feedbacks from the dealers were obtained regarding (1) their suggestions regarding the software to the
parent company and (2) their complaints on the software to the parent company.
The inventory software user manuals of different companies were analysed.
The research of the existing software systems revealed some discrepancies of the software systems
provided from the manufacturing companies like (1) placing inventory orders through the courier
using compact discs containing the details of the order, which is time consuming, (2) feeding the
inputs of the order was via a spreadsheet which requires the user remember or lookup to hard-coded
inventory numbers (3) requirement to supply the discount information irrespective of the dealers
4. interest to furnish a discount during billing, (4) absence of an inventory catalogue forcing the user to
remember the hard coded inventory name/number, (5) presenting the inventory management software
in a website, which adds network and server problems and (6) asking the user to enter only 10
numbers of inventories at a time of ordering.
2
QUALITY FUNCTION DEPLOYMENT (QFD)
Quality function deployment (QFD) is an effective planning tool methodology which translates the
voice of the customer in to specific requirements. It is a disciplined approach to product design,
engineering, and production and provides in depth evaluation of a product (Besterfield, 2005). The
QFD chart is developed taking into account the customer requirements like user friendliness,
accessibility, usability, navigation keys etc. Grades are awarded based on the ability of the software to
satisfy the requirements. ‘S’ signifies strong relationship, ‘M’ signifies medium relationship, ‘W’
signifies weak relationship between the variables. If no relationship really exists a hyphen (-) is used
The competitive assessment matrix of the QFD chart brings the ability of the competitors to provide
for a particular requirement of a customer with a particular technical descriptor in terms of a numeric
value from 1 to 10. Prioritization of technical descriptors and customer requirements defines the
capacity of a software provider to provide a particular requirement of customer. The score is awarded
based on the views of the customer. Target values are devised to achieve a particular requirement of a
customer in terms of numeric value. The table 1 presents the theory discussed in an elaborate manner.
After the analysis of the QFD chart Visual Basic was chosen as the development environment and
Microsoft Access as the database. Visual Basic offers the desirable features like (1) short development
time, (2) many features in the database and Internet areas like ADO, DHTML applications and web
classes, and (3) compatibility with the Windows operating system, which is the common platform
found among almost all dealer firms. Microsoft Access offers user-friendly environment for the
database integration into the visual basic interface.
3
SOFTWARE
The distinct features of the software are given below:
The current stock in hand feature of the software provides the dealer with the knowledge of the current
stock of the particular inventory at the warehouse. The feature enables the dealer to place the optimal
order for the inventory at the optimal time, thereby enhancing the accuracy of forecasting the
requirement of a particular inventory. The Economic Order Quantity (EOQ) is essentially an
accounting formula that determines the point at which the combination of order costs and inventory
carrying costs are the least. Reorder Point (ROP) is the optimal point of time at which an order for a
particular inventory may be placed.
The bin location feature of the software system enables the user to locate the inventory at the ware
house, saving much of the business time. The feature helps the dealer to provide quick and reliable
service to the customer. Over a period of time the location of an inventory could be changed owing to
practical circumstances, this is taken into consideration and a form to update the current bin location is
also provided.
Multiple search types help in the search for an inventory from the database, at the time of placing
order, could be either through the knowledge of the inventory number or name. This adds flexibility to
the system as this does not demand the user to remember complex alphanumeric numbers. The system
provides the user with the flexibility to choose the search type with the help of radio button controls.
An integrated module comprising the inventory ordering system and the billing system is provided to
the user. This dismisses the additional need of software for printing the purchase details of the
5. customer of the dealer. Cost in purchasing new software for printing, maintaining of the same is totally
absent with the employment of the software system.
Figure 1 shows the main form, which forms the hub of all activities performed on the software. This
form contains six command buttons labeled Ordering Inventory, Add new entry, Edit quantity, Billing,
Bin location, Exit.
The “Ordering inventory” module is to enable the dealer to place inventory order to the parent
company. The purpose is solved with the ORDER BASKET form, shown in Figure 2, INVENTORY
SELECTING form, shown in Figure 3. The inventory order is e-mailed with the aid of Microsoft
Outlook Express.
The “Add new entry” module of the software is to facilitate the addition of a new inventory to the
database. The form is shown in Figure 4. The module collects details such as the inventory name,
number, bin location and adds it to the database of inventory at the warehouse.
The “edit quantity”, module is to provide the dealer with the knowledge of the current stock of a
particular inventory. Two distinct parameters, price and quantity, of the inventory at the database can
be modified using the module. The form is shown in Figure 5.
The “inventory billing” module helps to provide the knowledge of the current stock in hand. The
details of the purchase of the customer are billed by the billing module. The Figure 6 shows the
Inventory billing form.
The “Bin location” feature, Figure 7, locates the inventory at the warehouse with the knowledge of the
product id of the particular inventory. Initially the bin location is entered along with the entry of the
new product. This knowledge is displayed in the inventory ordering module and also the billing
module. The feature saves a lot of time in the searching of a particular inventory in real time.
The software has been demonstrated to different dealers and the actual users were also asked to
explore it.
4
CONCLUSION
The Automobile dealer Inventory management software is a sophisticated, reliable software tool for
automobile dealers to order inventories and to maintain inventory database. This software dynamically
updates the inventory in hand through the Billing module. The software is simple to work without
complex forms and icons. The software is very easy to learn and so even a layman can work with ease.
The software takes minimum loading time.
The possibility for errors in the data entry operations are few as input validation code is provided with
every data entry control. Since dealers can place their orders through on-line this software eliminates
the need of the conventional system of placing orders. The software ensures optimal utilization of
inventory and reduces inventory wastage. But this requires efficient management in the Dealership.
This software has multiple searching facilities to select spare parts while placing orders or billing.
The benefits of the software can be summarized as Improved forecast accuracy, Improved planning
and scheduling capabilities, Increased asset utilization, Enhanced customer satisfaction, Reduced
volume of errors and exception, Reduced time in locating the inventory. The software
comprehensively solves the necessary problems of an automobile dealer with regard to the inventory
management. The necessary objective of the software is met.
The software’s potentiality to address the challenging issues regarding inventory control has earned
the sincere interests of automobile dealers. The demonstration of the software was well received and
recognised.
6. REFERENCES
Francesco, B. (2003), “Programming Microsoft Visual Basic 6.0”, WP Publishers and Distributors
Bester field D.H. (2005), “Total Quality Management”, Pierson Education
Hedrick, F.D. (2001), “Inventory Management”, SBA Publications
http:www.kmworld.com knowledgemanagement
Moore, P.G. (1998), “Basic Operational Research”, Sir Isaac Pitman Sons Ltd.
User manual, Inventory Management Software, HYUNDAI MOTORS
User manual, Inventory Management Software, TATA MOTORS
User manual, Inventory Management Software, EASWARI MOTORS
User manual, Inventory Management Software, MAHINDRA MOTORS
Wilkes, F.M. (1987), “Elements of Operational Research”, Tata-Mcgraw Hill
Wood, F. R. (1995), “Forecasting and planning”, Sanon House Limited
7. Programming
Language
Database Server
Operating System
Primary
Java
Macromedia
Flash
Visual Basic
SQL Server
MS access
Oracle
MS-Dos
Windows
Linux
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M
S
0
M
0
M
0
S
5
M
W
0
S
S
5
S
S
0
4
5
4
4
3
4
3
4
0
5
0
0
0
0
5
0
5
0
0
0
0
5
0
0
5
0
5
0
0
9
0
1
5
6
0
5
0
0
1
5
6
0
8
Our product
Product A
Product B
Product C
3
2
7
Absolute Weight
226
630
482
576
225
26
9
543
172
690
657
Relative Weight
385
963
814
924
489
41
6
864
288
1110
1074
Secondary
W
Primary
C,C++
Secondary
Additional Features
User
Friendliness
No Data
Loss
Backup to Secondary
Storage Devices
Spare parts Database
Reference Number
Accessibility
Usability
Navigation Keys
Form Presentation
Searching Methods
Recent Activity
Display
Financial Year Based
Multiple Accounts
Current Stock in Hand
Interchangeability
Form
ROQ,MOQ
Customized Controls
Our Product
Hyundai
Technical
DMS
Competitive
Mahindra
Assessment
DMS
Honda DMS
Degree of Technical difficulty
Table 1. Adding prioritized technical descriptors to the house of quality
5
0
Customer
competitive
Assessment
8. Figure 1. opening form
Figure 3. Selecting Inventory form
with multiple search types and
current stock in hand
Figure 2. Order basket form
Figure 4. Enter new product form
9. Figure 5. Edit Quantity/Price form
Figure 7. Bin Location Form
Figure 6. Billing inventory form