Logistics and operations Essay Example | Topics and Well Written Essays - 2250 words

Logistics and operations - Essay Example According to Airman (n.d.), different companies use different types of inventory systems for inventory management and asset tracking. Inventory systems help managers in keeping track of assets and stocks, as well as in knowing where and when they have used their assets within companies. Some of the widely used inventory systems include information services inventory system, fixed asset inventory system, and information system (IS) for inventory management. All of these inventory systems are useful as they help companies keep an eye over stock and assets. In this paper, we will discuss IS-based inventory management system in order to know its effectiveness, as well as the way managers can use this to track deliveries. In today’s age of information technology, almost every company and organization is making a good use of technology based information services to carry out business activities. An information system (IS) based inventory system is one of such tools which helps managers keep track of incoming and outgoing stock. According to Kietzman (n.d.), inventory software is a specialized computer-based program that is used to keep track of the stock inventory, quantity, location, and current status. IS-based inventory management system deals with the use of information technology tools to help managers in doing information processing and management. An information system is a part of internal business control system that deals with a company’s inventory information, stock keeping procedures, and information technology. IS-based inventory systems help managers in tracking deliveries while improving efficiency and keeping control of business processes. A manufacturing or distribution company can never be successful without an IS-based inventory management system because IS keeps proper record of information related to inventory that managers can use for analysis and decision-making purposes. IS-based inventory management