AN INVENTORY MANAGEMENT SYSTEM FOR EMELS GHANA

ABSTRACT Emels Ghana Ltd is a start-up all-naturals cosmetic retail store which seeks to provide clients with organic cosmetic products aimed at providing the skin and hair the essential nutrients to promote growth. The purpose of this project is to aid Emels generate a simple and efficient inventory management system that would help solve its ineffective and complicated method of tracking inventory. This problem was deduced from constant interactions with the owners, who indicated that despite its poor marketing and inadequate funds, the issue of a complicated inventory management needed urgent attention. As such, the company wants a system that would reduce overstocking, aid in determining reorder levels of products, as well as determine the optimal order quantity of each product. In deciding which tool to implement for the company, secondary research findings and interactions with the company to better understand how best the tool can serve the desired purpose. The size, as well as the financial state of the company were taken into consideration in designing the tool. This is because some tools may not fit in small companies due to their complexity, time needed to be allocated to them and the cost that may be associated with implementing. The final tool, Google Spreadsheets, was chosen due to its simplicity, cost effectiveness, and user friendliness. This tool when implemented is to reduce overstocking, while increasing sales and profitability.