Application of database technology to improve the efficiency of inventory management for small businesses
Full, accurate and evident information about stocks is a key factor of successful inventory management process. Effective inventory management should include a comprehensive solution, based on mathematical methods and control of current balances and software. Such solution for small businesses should be effective and should not be too expensive. The paper shows an approach to using database technology for solution of inventory management problems of small businesses with both single-product and multi-product inventory models. © 2014, World Scientific and Engineering Academy and Society. All rights reserved.