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The Informational System: Its Importance and Role in Inventory/Stocks Management

Author

Listed:
  • Maria-Andreia Iliescu (Ristea)

    (University of Craiova)

  • Marioara Avram

    (University of Craiova)

Abstract

In this article we want to present the importance of the informational system in inventory management. Due to the fact that inventories represent a significant part of the entity's assets, they have a great influence on the results of activities carried out by economic entities, but also on the value of balance sheet assets, since they participate in the continuous development of the activity. Information systems simplify work, reduce the likelihood of errors in decision making and increase efficiency. The interest of our research is theoretical, by defining the notions regarding stocks and the informational system, and methodological, by the research methodology used during the research, i.e. by the research stage.

Suggested Citation

  • Maria-Andreia Iliescu (Ristea) & Marioara Avram, 2020. "The Informational System: Its Importance and Role in Inventory/Stocks Management," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 962-966, August.
    • Handle: RePEc:ovi:oviste:v:xx:y:2020:i:1:p:962-966
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    More about this item

    Keywords

    stocks/inventory; informational system; decision-making process;
    All these keywords.

    JEL classification:

    • M40 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - General
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting

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