Issues of Forming Inventory Management System in Small Businesses

Year 2016, Volume: 6 Issue: 3, 522 - 527, 01.05.2016

Inna Babenko Viktorovna Pavel Pochechun Ivanovich

Abstract

An increase in the inventories efficient use gives a jump-start to the growth of small business economic efficiency. Application of the system approach to inventory management allows monitoring the whole process of material flow and minimize randomness of this process. The very system of inventory management should be understood as a system of material flow planning, control and regulation. Application of the system approach to inventory management allows carrying out goal and target decomposition at different levels of management. For the said purpose, the stages of forming inventory management system taking into account the whole cycle of enterprise material flow are represented in the article.

Keywords

Inventory, Functions of the Inventory Management, Production Scheduling, Supply Chain