Developing A Cost-effective Stock Control System For The Ashesi Shop

44 pages ID: BAM3995

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DepartmentBusiness Administration and Management
TypeProject
Pages44
Reference StyleYES
FormatMS Word & PDF
Reference No.BAM3995

Abstract

EXECUTIVE SUMMARY The Ashesi souvenir shop is a relatively small shop with a restricted target market. The shop since its inception in 2016 has been experiencing lapses in its inventory control as there have been continuous stockouts due to a poor understanding of what to order, when to order and how to order. According to research, the shop can prevent significant losses in revenue by developing a cost-effective stock control system which provides key information on the usage value, unit cost and accessibility of the shop's items, which are all strategic elements of arriving at the optimal de…

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