Inventory Management Research Paper Example | Topics and Well Written Essays - 250 words

Inventory Management - Research Paper Example This means that the employees order new stock as soon as the existing one is depleted. Full maximization of employee use is essential in times of failure of the system. Many businesses have employed the use of self-checkout machines in retailing to enhance productivity. Among the major advantages of these machines is the improvement of efficiency in that they reduce the checkout time. A store can run six self-check units all controlled by one employee who tracks the progress of all customers in all the machines as opposed to one cashier and thus reduce time. The customer also gets a false sense of privacy thus improving satisfaction and productivity. For a retailer, there is reduced staffing and therefore reduced cost of management due to less administration costs. The machines enhance efficiency in the payment as they accept many methods of payment such as the debit and credit cards, cash through coin slots and electronic food assistance cards. However, the system is vulnerable to theft from shoplifters. The trustworthiness of customers is questionable but the machines may detect incidences of theft and cause the customer to change attitude toward s