ACC 100 Week 5 Discussion
Week 5 Discussion
No need for a cover page, just a paragraph for each question in word.
Video: Modernizing Inventory Management (5:04)
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This video explores the technological tools Cole Hardware uses to simplify its daily routines and reporting. After watching this video, explain how Cole Hardware used technology to manage inventory, and identify at least two (2) benefits of the use of this technology by the company.
Please read and respond to the post from another student below.
Cole Hardware used a barcode scanner technology system to perform cycle counting and tracking the location of merchandise to manage their inventory. This technology helped to Cole Hardware to keep track of thousands of items across their supply chain.
Since the organization has about 45,000 different items, it was important for the current business owner to implement strategic methods to scale business. The two benefits of this technology are:
Simple and Better management of Inventory thus reducing stock-outs, etc
This technology has made the management of inventory cost effective.