1. Mini-Max Inventory System
Good inventory systems help employees and managers with the function of managing. For an inventory system to be effective, there is a need for a constant updates so that it functions according to plan. While computers provide an easier way of managing inventory, the real process lies in the effectiveness of employees on doing tasks that are assigned to them. I researched and figured out that a Consolidated Electrics could make use of a new sophisticated inventory system. This new inventory system is called Minimum-Maximum, or Mini-max. This inventory system involves predetermining of two levels of inventory for each ...
