Inventory Control Proposal

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10 pages not including title and reference pages. APA format w / in text citations.

The CEO wants you to develop an inventory solution proposal to lower costs. You are asked to research and identify the following inventory solutions and provide a recommendation by selecting one of them:

Requirement 1: Research, select and compare two "Off The Shelf" inventory systems available for purchase in the market today.

Requirement 2: Define and compare passive RFID and active RFID Inventory solutions

Requirement 3: Identify and describe three products and/or services offered by an Inventory Third Party Logistics (3PL) company.

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Running Head: INVENTORY CONTROL PROPOSAL

Inventory Control Proposal
Institution:
Date:

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INVENTORY CONTROL PROPOSAL

2

It is evident that when the costs of production are high in any company, the continuity of
such a Company is always at risk. The ultimate goal of every profit-making Organization is to
minimize the costs as they maximize the profits. Having a dependable, secure and
straightforward inventory app is so vital for the survival of Companies and profit-making
Organizations. To this extent, therefore, Companies adopts inventory systems and soft wares that
will help them lower the costs as much as possible. Since the world has moved from analogue to
digital, all these inventory control systems are developed online. They allow the users to manage
orders and inventory in their Companies. This paper seeks, to compare any two “off the shell”
inventory systems available for purchase in the market, define and compare passive RFID and
active RFID Inventory solutions and finally identify and designate three products or services
offered by an Inventory Third Party Logistics (3PL) Company.
It is paramount that a good inventory management App should be in a position to satisfy
the needs of the end user. A good Inventory Management App should consider factors such as
the number of users, volume of inventory, type of inventory, the budget and the equipment. For
instance, the Inventory management system should be simple and be in a position to
accommodate any other user who may need to fill or count inventory in the Company. The
Inventory management system should also consider the volume of inventory one has on hand
considering the volume in future too which will define the level of sophistication needed in the
system. The type of inventory is also a factor to consider when defining the right Inventory
system to use. For instance, some systems are associated with specific products and services such
as healthcare and food service. Additionally, the Inventory management system should consider
the price the Company is willing to spend on it. The company should adopt something they
should be in a position to maintain (Bowers & Clare, 2016).

INVENTORY CONTROL PROPOSAL

3

The following are the comparisons between Zoho inventory and QuickBooks.
Quickbooks and Zoho Inventory are inventory systems that are mainly used by small scale
businesses. The comparisons are:
Quickbooks is accounting software mainly designed to offer solutions to payroll,
inventory, sales and other needs of small scale businesses. On the other hand, Zoho inventory is
a system that allows the Companies to automate their order and inventory management and to
keep good records of the inventory in the stores.
Regarding the price, Zoho book is a system which allows the users to pay via
subscription either monthly or annually. It is normally cloud-based. On the other hand,
Quickbooks is accounting software which also offers a cloud-based solution to users. Similarly,
the Companies may subscribe either monthly or yearly. The two apps have the features that
allow customer invoicing, the creation of estimates, the creation of purchase orders, the creation
of recurrent invoices, tracking of inventory or stock, accepting online payments and connection
of bank card and credit card accounts among others. However, if one is to choose the best in
terms of pricing, Zoho is slightly better than Quickbooks. For instance, the cheap plan for Zoho
Books is around $9 per month as compared to $15 per month for Quickbooks. The higher end
plan for Zoho is estimated to be around $29 per month as compared to $60 for Quickbooks. This
is a whopping difference which allows the Company using Zoho to save more than the one using
the Quickbooks (Bowers & Clare, 2016).
On the contract terms, both Zoho Books and Quickbooks do not require any c...


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