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Student
Title
Supervisor
Faculty
Educational Programme
Final Grade
Year of Graduation
Natalia Goncharova
Improvement of the Inventory Management System on the Example of a Trading Company
Logistics and Supply Chain Management
(Bachelor’s programme)
2018
Nowadays, the ever-increasing competition between trading companies has become commonplace in the market. In the current environment, to keep customers, standard methods to reduce cost and total costs are becoming less effective. The quality and level of service is determined by consumers, who in turn become more demanding. Buyers have the opportunity to change the supplier at any time, if they are dissatisfied with the waiting time and terms. As a result, this leads to the fact that companies can lose their customers.

The founder of the success of the trading companies is the ability to respond to changes in customer needs while ensuring proper service. In this connection, special attention is paid to the accuracy of the forecast at the procurement stage. Of course, in order to achieve high accuracy of the forecast, it is necessary to build a process for planning a variety of operations, starting from the stage of production and coordination of orders with factories and ending with the delivery of goods to end users. Planning of operations, in this case, takes over logistics and procurement Department. Based on the above, we can say that the flexibility of the inventory management system is becoming more relevant than ever.

The purpose of WRC is to identify ways to reduce costs and risks associated with inventory management, improve the level of service in relation to customers, as well as to optimize the time required at various stages in the management of inventory by improving the inventory management system in the supply of trading company.

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