Inventory Management System

Technology Roadmap

Roadmap Overview

Inventory management system is a critical component of business operations' supply chain management that ensures efficient flows of materials and products from vendors to customers.

‎Key Goals of the SCM – inventory management system are:

• Providing timely, complete, and accurate inventory levels to managements
• Minimizing carrying costs while ensuring product availability.
• Reducing stockouts and overstock situations.
• Enhancing supply chain visibility and responsiveness.
• Streamlining operations and reducing inefficiencies.
• Lowering costs while maintaining service levels.
• Meeting customer demand accurately and on time.
• Adapting to changes in demand, supply, and market conditions.

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Effective management systems provide the right products at the right time and place to meet growing customer demand. It is a critical aspect of modern business operations and plays a crucial role in achieving profitability and customer satisfaction.

*image-source - https://jelvix.com/blog/automated-inventory-management-system

Design Structure Matrix (DSM) Allocation

DSM of the Inventory Management System:

The tree structure of the Inventory Management System. This roadmap focuses on the Inventory Management System.

Inventory Management System

Object Process Model (OPM)

The following picture shows the whole OPM for the retail payment system. These OPM diagrams in the picture are designed referring to the example of Appendix A in the book "Object-Process Methodology A Holistic Systems Paradigm" written by Dov Dori.

The following diagrams show each OPM for the retail payment system.

Figures of Merit (FOM)

The table below show a list of FOMs by which can assess a Payment System:

Class	Figure of Merit	Units	Metric
Performance	Value of transactions processed per annum	[US$]	Monetary value of all transactions processed per annum.
Productivity	Number of transactions processed per annum	# of transactions processed per country, per individual or business client type	Count of the number of transactions processed per annum.
	Machine learning accuracy	Weighted False Positive ratio	<math>\sum_{i=1}^{Systems} Weight_i \frac{FalsePositives_i}{(FalsePositives_i + TrueNegatives_i)} </math>
Efficiency	Average cost per transaction	[US cents]	The total Earnings Before Interest and Tax (Tax) divided by the Number of transactions processed per annum
	Transaction settlement period	[Seconds]	The time lag between the payment initiation of the payment order and its final settlement.
Sustainability	System downtime per year	[Seconds]	The seconds in a year is that the system is not online and processing successfully, i.e., not “up and running”.
	Payment conversion rate	[%]	# of settled transactions per annum / # of attempted transactions per annum
	Fraud prevention	[%]	# of fraudulent transactions / # approved transactions

Examples of FOM performance