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Chapter 70
DOI: 10.4018/978-1-4666-9840-6.ch070
ABSTRACT
This chapter provides the relation between automated inventory control and generation of big data
using the process. Conversion from manual to automated inventory process leads to generation and
management of too much data. Possible boons and banes of the conversion of inventory control system
to automated one are discussed in detail. In the initial sections explanation about inventory control and
benefts of automating is given. Then overall architecture of big data and its management is discussed.
Finally, tradeof between the usage of automated inventory control system with its benefts and genera-
tion of too much data and handling it, is discussed.
INVENTORY CONTROL: THE CONCEPT
Inventory Control is the system that involves processing the requisition, managing the inventory, purchas-
ing, and physical inventory reconciliation. The following key objectives define the design of Inventory
Control (Board of Trade of Metropolitan Montreal, 2009):
• Informing about the availability of stocked items and the status of requisition in stock.
• Facilitating the requisition process to fnish in time.
• Automatic recording and backorders serving.
• Minimizing inventory investments based on the previous purchasing patterns.
• Automated tools which assists in servicing, purchasing, and management of the inventory.
• Improvement in the fnancial control of the inventory through timely and regular check of the
inventory balances with the physical counts.
A set of master tables (User as well as system-maintained), transaction document types, and offline
programs are used to meet the above-mentioned objectives. The reports are also created for the same.
Inventory Control and Big Data
Meghna Sharma
The NorthCap University, India
Niharika Garg
The NorthCap University, India