Information Technology Impact on Inventory Performance

Renu Bala

Abstract


In the past twenty years, financial services have undergone deep and extensive changes in all aspects of their business: product and services, sect oral structure, market segmentation, competitive environment. Globalisation has been particularly pronounced in wholesale banking and over-the counter financial markets such as foreign exchange. Corporate lending and investment banking are dominated by few global players, active in all markets, established or emergent. Modern inventory management systems must have the ability to track sales and available inventory, communicate with suppliers in near real-time and receive and incorporate other data, such as seasonal demand. They also must be flexible, allowing for a merchant's intuition. Inventory management systems are used to track products and provide business intelligence reporting. Inventory management systems are software programs used to maintain, gather and track inventory from the moment it reaches a retail setup to the moment it is sold.

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