Inventory management system for Denaks Frozen Foods
Date
2019-12
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Abstract
Denaks Frozen Foods is a start-up in the heart of Jamestown (Accra, Ghana) which
seeks to provide its customers (rich, middle-class and poor) with frozen foods. There are a
variety of products it serves to the market. These products include fish, gizzard, chicken,
and sausages. Dede Nakoh, the owner of the company, started the business to make profit
after doing an intense study of the market. Currently, the company has four working staff
excluding the owner, two salespeople and two butchers. The company aims at establishing
more branches in Accra to become a well-known company in Ghana. However, the
company faces a problem which is likely to prevent them from achieving their goals. The
needs assessment conducted showed a poor inventory management system as the main
problem the company faces. The company is unable to effectively and efficiently track and
monitor its stock. Further analysis was done in through literature review to understand the
problem better and gain mastery of the possible solutions to address the issue. The
literature review highlights the various inventory management strategies which could be
used by Small Medium Enterprises (SME) to monitor their inventory to yield maximum
performance. These inventory strategies include Economic Order Quantity, ABC Analysis,
Just-in-time and Enterprise Resources Planning. From the literature review, Orderly POS,
an inventory management software and a Point of sale was the best solution to manage the
inventory of the company. The software has relevant inventory management features which
allows the user to monitor inventory, count products using a bar code scanner and signals
the user when there is low inventory stock.
Description
Applied project submitted to the Department of Business Administration, Ashesi University, in partial fulfillment of Bachelor of Science degree in Management Information Systems, December 2019
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Applied project
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Keywords
inventory management, Accra, supply chain, frozen food industry, software