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The Methodologies and Technologies Models for Performing Physical Inventory Counts - Review
Abstract
Inventory management is considered the high management's responsibility and the main concern for managers in all types of businesses, especially in the manufacturing industry, and controlling of inventory is a key issue experienced by many sectors of the economy. This paper will review and examine best practices and technologies that can be used by firms to control inventory through implementing different physical inventory methodologies for cost saving and better customer services. However, in current business, the availability of information systems can allow business to make a great improvement for effective and efficient control of inventory and physical counting. The paper reviews the literature and previous studies to discuss the best effects for performing an inventory cycle and physical counting, and review the new technologies that are proposed to enhance the process. The paper also discussed potential areas for research.
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References
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