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http://cdr.uum.edu.my/jspui/handle/123456789/162| Title: | EPM INVENTORY PRACTICES |
| Authors: | Chandren, Sitraselvi Nadarajan, Santhirasegaran |
| Keywords: | Inventory;inventory management;financial performance;optical industry |
| Issue Date: | 2022 |
| Abstract: | Mr Tim is a Certified Optometrist and a graduate of Axismatics Professional Institute with 15 years of work experience in the optical industry. He has been working with EPM for more than 5 years. As the Manager of EPM, he oversees the outlet operations by directing optical services, managing inventories and repairing and adjusting eyewear. He is assisted by three employees i.e., Ms Mary as the Eyewear Consultant and two other Shop Assistants. Mr Tim is aware of the competitive nature of the eyewear industry. An effective inventory management will be a good solution to attain competitive advantage to outperform its competitors particularly for small medium enterprises. The inventory practices are evaluated from the point of inventory arrival to the outlets until it is sold to customers. The inventory practices should be evaluated based on inventory recording, planning (holding level, reorder level and safety stock), software system, safety measures and physical inventory count. Thus, Mr Tim had to prioritize the evaluation of the current inventory practices as inventory management is crucial for the EPM business profitability |
| URI: | http://cdr.uum.edu.my/jspui/handle/123456789/162 |
| Payment Link: | http://epay.uum.edu.my/go.php?billcode=CDRCASE&productid=TC221-1 |
| Appears in Collections: | Cases in CDR |
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