Abstract:
This project entails the use of SMART business processes in inventory management and control. The SMART business processes assist in creating new ordering policies.
The business involved in this project is C-Track. C-Track is a business from Digicore Holdings Group Ltd. They specialise in advance vehicle and personal tracking by using the latest GPS (Global Positioning System) and GSM (Global Systems for Mobile communications) technologies. C-Track sells and installs their devices in a network of Branches country wide.
C-Track recently decided to distribute stock to their various branches, using a centralised warehouse. The Inventory Management and control of this warehouse is under investigation.
A new optimal order policy needs to be initiated of the stock of this warehouse. A PID (Proportional-, Integral-, and Derivative Control) Control Process will be created as an adaptive control process and will be in an alignment with other techniques. Collected it will form the SMART business processes. The SMART processes are a new intriguing engineering approach for inventory management.
