Transcript Inventory Control Alexis Vasavilbazo 5/25/2016 1

Inventory Control
Alexis Vasavilbazo
5/25/2016
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Introduction
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There are many different systems
that a company can use to manage
and control its inventory.
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Past
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In the past it was very tedious and
difficult to keep good and accurate
records of inventory.
It was time consuming
Lots of manual transactions and
ledger postings were required.
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Present
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Today we have a lot of systems
and software that can help us
manage our inventories better
Less manual transactions are
needed.
More accurate and up to date
records are kept.
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Future
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Faster and better computers are
being developed, which will help us
keep track of our inventory.
Devices such as bar code readers
and scanners will be used almost
everywhere.
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Conclusion
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The market for almost every product gets
more competitive every day, that is why
we need to focus in having a competitive
advantage in relation to other
companies.
That is why we need to focus in reducing
inventory, without sacrificing customer
service. one way to do this is to have
better control of our inventory.
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