Inventory Analyst 1.0.8
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Publisher: Applied Sciences and Technology, Inc
File size: 7.24MB
OS: Windows XP, 2000, 98, NT
Date added: 2009-10-27
Homepage: http://www.inventoryanalyst.biz/
Category: Business
Inventory Analyst 1.0.8 Description
"Inventory Analyst is a computer application basesd on Inventory Control Theory"
BS Editor: If you are in business, you may have been faced with such a problem:
Suppose you are ordering 1,000 item/goods at the price of $50/unit, but the supplier offers a lower price, say $45/unit, if you order more than 1,500 units. Do you think it is a good deal and accept this offer?
To answer this question, there are two things that need to be considered. On one hand, the lower price appears to lower inventory cost. On the other hand, however, ordering more to get the discount will tie your Company’s funds. If the money tied is borrowed from bank, more interest has to be paid. If the money used is your own, this amount of money may be used to make more money elsewhere (for example, by investing). Either can actually increase your total cost. So, would you or would you not accept this offer?
If you are an IT manager for a business, you may have to answer another question:
In a database for inventory, there is usually a field called “re-order point” or “re-order level” or whatever it is called we all know what it means. It means that when the inventory of an item falls to this level, we should place an order to replenish the inventory.
The question is: how to determine this “re-order level”?
If you are not sure how to answer either of the two questions raised above, you may find this product helpful. These questions can be answered with the theory of Inventory control.
In fact, one of the most pressing problems in business is the inventory control. Inadequate inventory causes costly interruptions, while too much of it results in idle capital. This can be briefly illustrated in the following chart:
From this chart, we can see that the total inventory cost depends on the order quantity, and that there is an order quantity value corresponding to the lowest cost. At or around this value, a business can maintain a reasonable inventory to ensure a Smooth operation at a minimum cost. This is a goal of many businesses. To achieve this goal,..... you can free download Inventory Analyst 1.0.8 now.
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