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As customers order products from an online web store, an operational database can be used to keep track of how many items have been sold and when the company will need to reorder stock. An operational database stores information about the activities of an organization , for example customer relationship management transactions or financial ...
Inventory control is the process of managing stock once it arrives at a warehouse, store or other storage location. It is solely concerned with regulating what is already present, and involves planning for sales and stock-outs, optimizing inventory for maximum benefit and preventing the pile-up of dead stock. [17]
When a product is in a warehouse or store, it can be tracked via its barcode and/or other tracking criteria, such as serial number, lot number or revision number.Systems for Business, Encyclopedia of Business, 2nd ed. Nowadays, inventory management software often utilizes barcode, radio-frequency identification (RFID), and/or wireless tracking technology.
The company's flagship product, formerly called Fishbowl Inventory, is inventory management software that integrates with QuickBooks. It separated into three products, Fishbowl Manufacturing, Fishbowl Warehouse, and Boxstorm, which is a SaaS product.
Cycle stock: Used in batch processes, cycle stock is the available inventory, excluding buffer stock. De-coupling: Buffer stock held between the machines in a single process which serves as a buffer for the next one allowing smooth flow of work instead of waiting the previous or next machine in the same process.
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Image source: The Motley Fool. Jumia Technologies Ag (NYSE: JMIA) Q4 2024 Earnings Call Feb 20, 2025, 8:30 a.m. ET. Contents: Prepared Remarks. Questions and Answers. Call Participants