COMPUTER ASSISTED INVENTORY CONTROL SYSTEM

Abstract

The basic purpose of holding inventories is to provide an
essential decoupling between demand and unequal flow
rate of materials in a supp~v chain. Therefore. a major
issue in supply chain inventory manugement is to
coordinate inventory policies adapted by the different
supply chain actions. This includes integration of
information coming from vendors. manufacturers and
distributors, so as to smooth up the flow of materials in,
through and out of a manufacturing firm. in a more
responsive way to customer's demand. The main
drawback for effective inventory management is the lack
of accurate and timely information. e.\pecially at the
operational level. The materials information system
enables management to use the inventory classification
scheme for tighter control. to determine material
requirements. to handle schedule changes, to evaluate
vendors, and to utilize material exchanges more
effectively. The information system in business and
manufacturing organizations is better organized with the
help of computers. In a computer based system, the flow
of information within the different departments of an
organization and with the external environment can
easily be maintained. A computer based decision support
system may possess additional decision-aiding tools like
selective inventory control techniques, EOQ
determination, demand forecasting, statistical ana~vsis
etc. This paper briefly presents an integrated and
systematic approach towards the management of
independent demand inventories using computer
database systems.