A Development Plan for Integrated Inventory Management System to Support Decision Making for Disaster Response

The ERP is the main source of business data while store mobile inventory management is one of very important modules in ERP that cover a critical role for retail organizations such as Panda retail company. The goal of this study is to show the high correlation between information and effective decision-making process. Descriptive analysis research method was used in this study where theoretical data collected from published papers, in Jeddah city (60) employees of mobile inventory management system users participated the survey and statistical techniques such as frequency tables, Percentages, Average value, standard deviation, etc. This used survey consists of 3 companies namely the effectiveness of information to support decision making, the effectiveness of store mobile inventory management at Panda retail company, the effectiveness of ERP for organizations. The key results of this study clarifies that it’s very important to have as much as possible data and the relationships between data at any point of time to identify problems, analyze them in order to make the most effective decisions and role of ERP in providing such information at any point of time. Recommendations had been provided such as the importunacy of ERP, modern business applications, and technology to improve business outcomes and provide continues learning and development culture for employees to increase their competencies to use these digital tools.

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Integrated Inventory Management Control Framework

International Journal of Management, Technology, and Social Sciences ◽

10.47992/ijmts.2581.6012.0087 ◽

2020 ◽

pp. 147-157 ◽

Cited By ~ 2

Author(s):

H.R. Ganesh ◽

P. S. Aithal ◽

P. Kirubadevi

Keyword(s):

Decision Making ◽

Inventory Management ◽

Performance Indicators ◽

Management System ◽

Management Control ◽

Inventory Management System ◽

Control Framework ◽

Brick And Mortar ◽

And Control ◽

New Framework

The concept of minimum display quantity (MDQ) is unavoidable in brick-and-mortar retailing format owing to which, retailers need to ensure a minimum level of inventory displayed at each store irrespective of the revenue or inventory turns generated by a particular store. It is observed that majority of bricks-and-mortar retailers in India assume;(a) existing inventory management system is ideal to their store, (b) software solutions record accurate inventory movement, (c) involving store management team in inventory related decision making is risky/biased and most importantly (d) loss of sale due to stockouts is inevitable. Such assumptions and widely followed practice have created a predisposition and mindset in store managers and they believe that their store delivers revenue and profit to the best of its potential with the inventory which is made available to them through existing inventory management system and we cannot avoid a number of instances consumers are unsatisfied due to stockout situations. In this research, we have analysed the existing decision-making process and control systems related to inventory management of a select retailer, attempted to design a new framework and applied the same through an experiment to evaluate the change in (a) overall store profitability and (b) inventory related key performance indicators.

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