The paper analyzes the Point of Sale (POS) inventory management system used by retailer Wal-Mart to keep inventory and labor costs low while increasing the accuracy of their inventory management.
Written in 2002; 3,108 words; 7 sources; MLA; $ 90.95
Paper Summary:
The paper looks at how inventory management systems benefit large firms and examines how Wal-Mart's information system functions. The paper explores the effect of the management information system on its users and focuses on the software specifically designed to support the team approach essential to the organization. The paper also discusses the necessity for creating a model for the system prior to its creation.
From the Paper:
"Much of the action required to operate and manage inventory levels with this system is back up, verification, and system maintenance. Strict government regulation regarding computerized pricing practices mandate that retailers keep the marked priced on the products as well as maintain the computer database. Managing this dual pricing system is time consuming. Actual inventory levels must be checked against computer records on an ongoing basis in order to ensure proper inventory levels on every item. At a corporate level, this sales and inventory information can be used to determine items to carry, discontinue, feature on special, etc."
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