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Essay / Research Paper Abstract
This 5 page paper considers the potential application which could be useful in helping a corporation and support international strategies and create value. The application discussed is the Oracle warehouse management database, with its application will not discussed in order to demonstrate the value it could create. The bibliography cites 8 sources.
Page Count:
5 pages (~225 words per page)
File: TS14_TEorcware.rtf
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Unformatted sample text from the term paper:
need to be moved or shipped with which there are both risks and costs. For many manufacturing firms there is the need to track goods inwards and outwards in different
location. There may also an internal value chain that is spread across different countries. The management of inventory needs to be effective, but it can also involve high overheads and
tie up a high level of working capital, especially where the firm holds a significant number of days stock (Elliott and Elliott, 2007). Improving the efficiency of stock management can
have a direct impact on costs as well as reduce the indirect costs, such as the level of working capital with its opportunity cost (Nellis and Parker, 2006) The application
chosen is an Oracle Warehouse Management database used to manage the inventory and facilitate interaction with the suppliers, similar to the database used by the retail giant Wal-Mart. This has
a large number of potential benefits and can be tied in with the use of RFID technology for the management of the stock, with identity tags that can be read
remotely. To consider this we can look at the Wal-Mart system and the benefits that it brings. In order to manage their
inventory, including management with the vendors, Wal-Mart utilize an Oracle database, the database is one which meets the needs of Wal-Marts vast operations and the development of new technology with
the latest version of Oracle(r) Warehouse Management software being compatible with the radio frequency identification (RFID), which is being used by Wal-Mart to increase efficiency in its inventory management. The
data carried by the system includes the use of data collected from the RFID tags and data from manual or automated inputs such as of current stock levels, and sales,
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