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Thesis Chapter I
Thesis Chapter I
Province of Batangas
By:
Mark John Arriola
Leslie Garcia
Hazel Jean Jolongbayan
Introduction
holds a form of inventory in its daily business operations. Inventory is the most
Thus, inventory means an item of value and asset in the books of the company.
This is the most important category of item that needs to be focused upon for in
levels, smart planning and quick decision making in the part of the management
suppliers. In order for suppliers to have the goods their customers need, it is
optimum level of inventory is vital for achieving higher levels of profits and cash
Almost all areas of the business activity are interrelated and connected to
entity that would not require inventory support. Thus, proper and efficient
inventory management should never be taken for granted. Due to the importance
management.
keeps an accurate count of the product and maintain an organized item inventory
maintaining regular deliveries are also important so that the business will be able
effective winning. It ensures the business to have the right inventories, at the
right place, at the right time, to drive improved margins, minimize inventory levels
companies can make critical mistakes, tie up capital in excess inventory, create
picking errors in the warehouse, and even miss sales opportunities due to out-of-
stock products. Your company may also rely on inventory management systems
to assess your current assets, balance your accounts, and provide financial
reporting.
Inventory management is important to bookstore businesses in
maintaining the right balance of stock. You don’t want to lose a sale because you
didn’t have enough inventory to fill an order. When you have control over your
inventory, you’re able to provide better customer service. It will also help you get
One the other hand, you don’t want to have excess inventory taking up
space in your warehouse unnecessarily. Too much inventory can trigger profit
losses whether a product expires, gets damaged, or goes out of season. Key to
products.
Statement of the Problem
Book Stores in Batangas Province. Specifically this study ought to answer the
following:
1.3 Capitalization?
2. How may the company assess their inventory management in terms of:
2.1 Demand;
2.3 Procurement;
2.5 Cost?
have of the lead time. The lead time is the period between the time when
need to know the extent to which demand and lead time may vary; the
greater the potential variability, the greater the need for additional stock to
unlike the more common case where an order is but one a sequence of
orders through time. In the dynamic case, however, one decision directly
affects the next, and it is necessary to reflect the situation in the analysis.
The major aspect of this framework is the cost structure of the
problem. In some cases, price discounts are relevant, while in the other
they are not. Stock outs may be acceptable in one situation and quite
late changes and similar costs. The other relevant cost are holding or
The result of this study will provide knowledge and ideas on the
To the Employees, the result of this study gives them idea on how
To the Customer, the result of this study helps them to know if they
in related literature.