DocumentCode
538266
Title
Design of an Inventory Order Management (IOM) system: A case study of Pak Yuen Tong Traditional Medicine Factory Ltd.
Author
Yung, Spencer K C ; Tam, Migar M C ; Chu, K.F.
Author_Institution
Dept. of Ind. & Syst., Hong Kong Polytech. Univ., Hong Kong, China
fYear
2010
fDate
6-9 Oct. 2010
Firstpage
1
Lastpage
9
Abstract
This paper articulates the concept of Inventory Order Management (IOM) as a model for company executives to improve stock utilization through effective information exchange No doubt that inventory acts as a critical parameter affecting cost and order fulfilling lead time of a company. Contradiction appears all the time between inventory cost and order fulfilling lead time In order to enhance competitive competence and balance inventory cost and order fulfilling lead time, IOM is a possible solution.
Keywords
costing; inventory management; order processing; personnel; company executives; competitive competence; information exchange; inventory cost; inventory order management system; order fulfilling lead time; stock utilization; Companies; Copper; Manufacturing; Patents; Production; Raw materials; Consume unit; Inventory; Inventory Order management; Supply unit; repeating unit;
fLanguage
English
Publisher
ieee
Conference_Titel
Supply Chain Management and Information Systems (SCMIS), 2010 8th International Conference on
Conference_Location
Hong Kong
Print_ISBN
978-962-367-696-0
Type
conf
Filename
5681753
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