Documentation for Related Literature free essay sample

Maintaining a wide assortment without spreading the rapidly moving items too thin, 2) Increasing inventory turnover without sacrificing service, 3) Keeping stock low without sacrificing performance , ) Obtaining lower prices by making volume purchases, 5) Maintaining an adequate inventory without an excess of obsolete items. Anyone in business must understand the business of inventory. Below is a look at six different inventory systems as well as a comparison of the advantages and disadvantages. Wal-Mart Inventory System Wal-Mart runs its stores on a perpetual inventory system. This system recordsthe quantity of items sold as items are purchased. The computer system at Wal-Mart constantly keeps up with additions or deductions from inventory and tells management what items are on hand. The organization also conducts counts of employee manual counts of inventory periodically. When an item arrives at the Wal-Mart distribution center it is scanned into the inventory system. When the items are purchased by the consumer, the point-of-sale system reduces the inventory from that purchase. We will write a custom essay sample on Documentation for Related Literature or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page According to Wal-Mart’s Gail Lavielle, a leaner inventory will help clear out store clutter and help Wal-Mart focus on specific brands and products that consumers want (The Associated Press, 2006). Advantages and Disadvantages of the Wal-Mart Inventory System The advantages of a perpetual inventory system are that inventory is quickly updated in real-time, which gives a constant picture of the inventory status. With this data, inventory counts will be more accurate and allow one to keep up with demand Student Information System (SIS) is a web-based application software designed to introduce a conducive and structured information exchange environment for integrating students, parents, teachers and the administration of a school or college. Some of the other software packages available for this purpose include Student Management System (SMS), Student Information Management System (SIMS) and Student Records System (SRS). These software systems enable educational institutions to supervise student-related activities such as keeping records of tests or examinations conducted, attendance, appraisal on performance including details of marks scored, particulars of everyday school attendance, and all other institution-related activities; in short, they provide a complete student records system. They are designed with diverse application potentials ranging from simple management of students’ records at school to management of all student-related functions as well as administrativefunctions of a university or a chain of educational establishments. History Much of the software used in erstwhile student information systems and school administration worked on an outdated code base and had a curious mix of presentation, business sense, and data accessibility. It was impossible and often expensive to modify these systems to cater to future demands. Some of the early initiative software programs such as WebCT, SCT Campus Pipeline, Jetspeed, and Blackboard merely enabled interactions between students and teachers for academic purposes and served only as a student information system. The advantage of having a student management system was missing as it was not possible to integrate any of the campus-based activities within these systems. Most often, student data were kept strewn in multiple locations, making it difficult to construe and project. Educational institutions were looking for a web-based solution such as a student information management