An inventory management system for EMELS Ghana
Date
2017-04
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Abstract
Emels Ghana Ltd is a start-up all-naturals cosmetic retail store which seeks to
provide clients with organic cosmetic products aimed at providing the skin and hair
the essential nutrients to promote growth.
The purpose of this project is to aid Emels generate a simple and efficient
inventory management system that would help solve its ineffective and complicated
method of tracking inventory. This problem was deduced from constant interactions
with the owners, who indicated that despite its poor marketing and inadequate funds,
the issue of a complicated inventory management needed urgent attention. As such,
the company wants a system that would reduce overstocking, aid in determining
reorder levels of products, as well as determine the optimal order quantity of each
product.
In deciding which tool to implement for the company, secondary research
findings and interactions with the company to better understand how best the tool can
serve the desired purpose. The size, as well as the financial state of the company were
taken into consideration in designing the tool. This is because some tools may not fit
in small companies due to their complexity, time needed to be allocated to them and
the cost that may be associated with implementing. The final tool, Google
Spreadsheets, was chosen due to its simplicity, cost effectiveness, and user
friendliness. This tool when implemented is to reduce overstocking, while increasing
sales and profitability.
Description
Applied project submitted to the Department of Business Administration, Ashesi University College, in partial fulfillment of Bachelor of Science degree in Business Administration, April 2017.
item.page.type
Applied project
item.page.format
Keywords
tracking inventory, inventory management, management system, Ghana