SOFTWARE RESOURCE CENTRE

satellite TV and Project management Software Packages

2009-07-12T22:21:00.001-07:00

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TNM-Logistics© is an inventory management system designed to help retailers, distribution companies and factories with large volumes of stock manage their inventory, pricing, sales, purchases, ordering and production aspects of their operation.

Grindstone!

.This software is used for project management. It help you to capture the project status and get relevent graphs that shows the project status at a glance. it reduces the complexity of project management
Xpert-Timer(XT) Project Tracking Software ensures that you'll keep accurate records on the time that all of your employees spend on each of your projects. You'll never lose billable hours but will have accurate information for your payroll and tax reports. Each project can be linked to a customer, a tasks and important documents.

XT Single-User!

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XT Small Office 3 (3 users) !

XT Small Office 5 (5 users) !

XT Business Edition 10(10 users)!

XT Business Edition 20 (20 users) !

Business Edition 50 (50 users) !

2009-07-11T01:12:00.000-07:00

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Learn how software Application improves Business Performance

2009-07-07T14:03:00.000-07:00

The impact of software in the business world cannot be over emphasized due to its numerous benefits. This is why businesses that are built on automation are always performing better than those that are semi-automatic or not automated at all.
The benefits of using software applications for different business concern are making operations easy and more efficient while results and outputs are excellent. Software driven businesses have numerous advantages that give them a good edge over those that are not dependent on it.
Among the numerous benefits of software driven business are:
1. Timeliness of Operation: there is no need of wasting precious time that could be used for other tasks in a business on just one thing. Software application in planning, execution, monitoring etc helps to get work done at limited time frame. It should be noted that production/service provision in real time is the soul of any business. This is because the patronage of over 80% of customers is hinged on timely execution of orders in supply and other services.
2. High quality output: when work is done with software tools, there is always a high quality output. This is because of the precision and accuracy associated with most of the software applications. This singular advantage has the ability to turnaround the fortune of entrepreneurs since quality drives success. The quality of the services that businesses that use software packages depend on the quality of the software. If software was properly designed by seasoned professionals and has high level of precision, the result got from such packages is always fantastic. This is why business management, design and production software that will be used by firms should be such with high degree of accuracy if a good result is expected in the output. It should be noted that high precision software packages that are not maintained regularly will not be able to function creditably hence the need for regular “compute system error scan checks” and software upgrade.
3. Reduced manpower cost: this is not new to most entrepreneurs. If you are fully automated, your manpower utilization will be small. If you have limited manpower, it will be easy to manage the overall business activities. The cost of running the business will equally be reduced. This is because the software will carry out more functions than what man will do.
4. Execution of Complex operations: when proper models are developed with appropriate software, complex and cumbersome tasks can be performed with much ease. This helps to rule out the impossibilities with men in creating certain designs. Utilizing software for production management makes it easy for the creation of masterpiece designs and products at short duration and costs.
5. Multiple tasks execution: Most software packages are hydra-headed in operations. They can be utilized to carryout numerous tasks at the same time or independently. This only takes the software operator to set out the necessary profiles or templates and issue few commands that will bring about complete execution of laborious and complex tasks at small time intervals.
If truly that necessity is a mother of invention as it is popularly said, then those experts who was the need of software and then designed them (and are still designing numerous software packages) to aid our businesses are worthy of double honour because their innovative ideas have put many businesses on the flight of success.

In my own opinion, I think that you should earnestly seek for relevant software packages that will make meaningful difference in your business today if you are not using one already. If you are using a software that has not enabled you to have a foretaste of real progress in business then you will need to make a change. Remember that if you must be successful, you will not be slothful.

Project Time Tracking Software

2009-07-04T11:50:00.000-07:00

Project management in posing great challenges to many experts today. This because of the difficulty in tracking project activities times. This problem has resulted in the varying degrees of downtimes in project management hence resulting in spending of excessive amount in most projects. There are times when the delay in project execution results from improper planning of activities durations and faulty tracking of project times results in over 50% additional spending on the cost of the project.
To combat project time tracking problems, the project time tracking software was designed to enhance the efficiency of project management experts. The software has the features that make it unique for making project management easy. Among the numerous characteristics of the software are:
1. Ability to keep accurate records on time spent on individual projects. This includes the duration of the activities that are component of the projects.
2. Ease of linking to a customer. This makes the software specific and target oriented.
3. Quick link of project to documents. This enhances the retrieval of important records that are associated with the project.
4. There is a floating time bar on the software that helps in the control of the project activities. This will enable you to start or stop your project at will and still be able to manage operations in the project.
5. There is no need of manually writing your project time. This is because the software automatically writes your project time for you as you start.
6. The software can be used by one person or by 50 persons at the same time depending on the version you are using.
This software will enhance your project management capabilities due to its simplicity of use and the quality of output you can get for result. It is always good to use software tools for enhancing operations in your production or service provision because of the ability to eliminate a lot of bottlenecks.
Finally, it is always advisable to start from the known to the unknown. If your team do not understand the integrities of project management, a software tool will not make much difference.

Cost Reduction Strategies for Increased Business Performance

2009-07-04T09:39:00.000-07:00

The sole aim of most businesses today is to make profit. For any business to be profitable, the cost of running it must be minimal in comparison with the income generated. The idea of growing and increasing the overall output of any business can only be achieved if there is cost reduction in the running of the business activities.

The following approaches can help you to save cost in your business:
a. Performance Review: There is need to introduce a system that will carry out simplified specific functions, measure the duration of activities, agree on the rate of doing things and also ensure that goals are realizable while keeping to time. Always review expenditure in non-critical areas of your business and focus on areas of huge turnover.
b. Capacity Review: Review roles, responsibilities and personnel targets of your workforce in a bid to ensure optimal to maximal output.
c. Space utilization: Always consider your space to ensure that it is necessary for your operations. No unnecessary expenditure in large spaces if there is no need for it in your business.
d. Financial Review: Determine critical areas of financial need and determine how to invest in capital projects like equipment and buildings. It should be noted that assets depreciates hence a critical analyses of the benefit of accumulating assets to the business profitability
e. Input Review: Check the input used for your production/services and look for possible ways of getting more discounts to the cost of the materials and services
f. Process Time Review: Ensure that your production/service provision is prompt i.e. has a quick response time. This will impact a lot on the customers who mostly do not like delays
g. Customer Review: weed out customers that don’t contribute sufficiently to your growth. This process involves re-orientation and termination of relationship with some of the customers.
h. IT Review: To reduce the cost of using old system, information technology need to come into play in your business. This involves utilization of modern facilities that will require minimum maintenance cost.
Smart software tools are a companion of any successful entrepreneur. This is simply because the workings of the software packages are in both quick response and quality of service. Thinking of cost reduction without technology powered software is a rouse.

Entrepreneur’s Risk Management Strategies

2009-07-04T09:32:00.000-07:00

Risk is as old as man and has been an old time acquaintance of businesses. There is no approach that will make risk to go extinct in business environment however; it can be controlled to an appreciable level. As an entrepreneur, you are duty bound to reduce your risk level to the barest minimum if you can continue to make profit. To this end, better risk management strategies are good inhibitors of business failures.
No matter what the sizes are, companies must have an approach to risk management since they can be easily managed when identified. To protect a business against risk, an entrepreneur needs to do the following:
1. Stop activities associated with risk: Activities that brings about risks to an organization need to be stopped. For instance, if a business fund is not separated from a personal fund, the temptation of using the company’s fund for personal expenses will always be there. Quick and unilateral decisions of top members of the management most times pose great risks to the company.
2. Spread the risk: there is no need for the risk to be concentrated on your desk. Spread the risks in form of contracting out some projects/services with a performance bond signed by the contracted firm can help. Sometimes, selling out products on credit to trusted customers can help to minimize the risk of obsolesce and high inventory cost.
3. Reducing risk through better management control: if the pros and cons of running an organization is properly spelt out for management staff, employee and customers etc, certain risks will be averted in the business. Proper management of the company’s data also helps to prevent risk. Hardcopy data can be digitalized and stored by reputable data managers for safety.
4. Insuring against risk if possible: a company need to insure against damage brought about by fire and natural disasters.
5. Apply improved technology: if risks will be averted, modern techniques will be applied in the operation and service provision of any company. This will enhance the business supply chain management hence making service provision to be excellent.
Managing some aspects of our businesses against risks takes automation. This will eliminated a lot of human errors associated with the risks. To be able to reduce risks in planning, monitoring and evaluation, software tools will be a veritable instrument.

THE IMPACT OF COMPETITIVENESS ON SATELLITE TV SERVICES IN THE DEVELOPING WORLD

2009-07-03T08:22:00.000-07:00

Ab initio, satellite TV services was only within the reach of privileged rich few in the society. Around late 1980s to mid 1990s, only the bourgeoisies were seen with very large diameter (about 2m) dishes pointing to the sky on their roof tops and at secluded areas around the courts in their compounds. Some of the dishes were fancifully designed plastics with nets while others were metallic and painted to protect them against rust. During this period, it takes a great resources and manpower to mount a satellite dish since crane trucks and fork lifts were used for carrying and mounting the dishes that receive signals mainly free from stations that transmit in Arabic and few English speaking stations. The paid satellite TV services were very few with large dishes as well. The ownership of the satellite TV dish at this time is a mark of affluence and a sign of distinction.
Today, what used to be the pride of the wealthy in the society has become of little consequence to the poor and depraved among men. Thanks to satellite TV service proliferation and competitiveness among providers. It is a common phenomena to see very small apartments ( sometimes even mud houses) in the remote villages in some developing nations having very small dishes(about 0.35m diameter) hanging either on the wall or on small metallic poles (of about 2m high and 0.1m diameter) providing satellite TV services to the occupants of the houses. Some of the houses do not have dishes but specialized antennas for receiving signals from the base stations of their service providers.
Prior to this era of proliferation and competitiveness among satellite TV service providers, the cost of providing decoder, dish and other accessories needed for the working of the satellite TV was not less than $600 whereas the monthly subscription was about $100 for paid satellite TV services. This cost can only be afforded by high income level persons. It could be stated that the trend has reverted and spending as low as $50 during promotion periods can be able to afford a satellite TV connection whereas about $12 can be spent on monthly subscription. This development has made information to be at the reach of the folks with low income levels in the developing world.
Since many satellite TV providers are striving for mastery in the business world, they have introduced many innovations aimed at having edge over their competitors. These innovations which includes watching the satellite TV on the mobile phone everywhere you go, codes for controlling channels to ensure children are not endangered, recording services to ensure that telecasted programs can be stored and watched at convenience etc. have placed some providers at advantage over others and left customers the choice to migrate through providers at will.
The introduction of software to surf thousands of satellite TV stations over the internet with the computer at no service charge by some programmers have gone a long way to liberalize the satellite TV services hence, making the customer to be at freedom to decide how and when to use satellite TV service. Since the internet facility is not domicile in any country, the satellite TV services can now be view by customers at no service charge from around the world with internet facility. This has made information dissemination easy hence emancipation of the poor and mediocre from ignorance is imminent.
I believe that as technology continues to be dynamic, satellite TV service competitiveness will continue and the level of knowledge dissemination will increase. This will make it possible to achieve the UN millennium development goals among developing nations of the world.

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SATELLITE TV SERVICES AND SOCIO-ECONOMIC DEVELOPMENT

2009-07-03T07:55:00.000-07:00

The proliferation of satellite television services in the latter part of the 20th century has undoubtedly impacted positively to the socio-economic development of the world. The satellite TV technology which was meant for advanced nations and the rich as a quick means of transmitting digital information to home television sets has come to the reach of the poor and lowly in the developing nations of the world.
The spread of satellite TV services in many countries of the world today has brought about socio-economic developments in the following areas:
1. Increase in revenue generation
2. Promotion of cultural values
3. Information dissemination in science and technological advancements
The revenue base of many nations has increased due to their ability to export different aspects of their cultural heritage via satellite TV networks. For instance, the Washington Post reported that international sales of American entertainment and software products totalled $60.2 billion in 1996, more than any US industry ( Washington Post, Oct 25, 1998, P. A01). The revenue accruing from the Nigerian entertainment industry the “Nollywood” is increasing by the day due to the demand for the firms from this industry in different parts of Africa, Europe and America. The South African satellite TV station (DSTV) is increasing the country’s earning via satellite TV coverage of most African countries. Jobs have been provided for hundreds of thousands of persons who are directly or indirectly employed by these stations as journalists, engineers, technician, advertisers, etc. The stations also pay different revenues and tax to the government .
With satellite TV , many cultures in the world are able to transmit their identities far and wide. This has made it possible for communities, government and non-governmental agencies to promote their ancient cultural heritages to all and sundry.
Lots of invaluable information about science and technology have been easily passed through satellite TV to viewers all over the world. For instance, the popular SARS, bird flu and at present the swine flu epidemics have been promptly telecasted by different satellite TV stations and appropriate precautionary measures handed down to travellers and other inhabitants of the globe on how to forestall attack of the pandemic.
In some parts of the world where tyranny by government has been on the increase, the continual criticism by opposition groups via popular satellite TV stations has helped to check the excesses of such government officials.
From this discussion, it will be nice for the critics of satellite TV services to have a rethink knowing well that its advantages are enormous. It is necessary for us to look at these advantages as enough reason for its promotion while we do our best to inculcate better moral virtues that will make the youths to shun the negative impacts of satellite TV programs.

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Database Management Software and Business Performance

2009-07-03T02:02:00.000-07:00

For the growth of any business, there must be some driving forces that enable it to be so. One of these drivers of business success is database management. Database management is an easy way of getting and storing relevant information about a business. It involves the gathering and processing of data regarding employees, sales, raw materials, finished goods etc. Database information can be limitless however; it can be tailored down to the specific need of an organization.
The organization and utilization of database of any firm determines to what extent the organization will go in achieving its profitability aims. This is because the proper management of inherent data ensures smooth and accountable business management. To manage data accurately, the database manager will have the following qualities:
a. Careful and pays attention to minute details: the meticulous nature of a database analyst makes it possible for information to be captured despite how small it may be. When this is done, the organization will be able to progress because all issues relating to its operation are known hence the ease of determining shortfalls when they exist.
b. Tolerant: if the data will be absolutely managed at any time in the life cycle of any business, the tolerance of the database administrator cannot be overemphasised. This is because the data that will be stored must be in a specific format before storage. If there will be a good flow of information between the originator of the data and the personnel storing the data, there must be patient in the life of the database management officer. This will make the officer to tolerate the originating departments in data submission delays, uncoordinated data, improper data presentation and clumsy formats.
c. Integrity: If the officer in-charge of database management is lacking integrity in any form, the organization will be betrayed. This will give room to the falsification of information and subsequently the defrauding of the organization. It should be noted that auditors of any organization depends on the information supplied to them for determining the account status hence when integrity is lacking in a database administrator, an organization will not be able to establish the true financial position at anytime.
If the a database administrator with the enumerated key qualities above is in place in any establishment, the main task of the management of the business is to get a high quality database management software that will have the following characteristics:
a. Not too complex to operate: complex database management software give the operators tough time to handle. This sometimes gives room for some unwholesome manipulations that may affect the stored data in the software program.
b. Must be upgradeable: the software should be upgradeable to newer versions
c. It should have varying degree of access authority: This access authority (password) will expire within short time intervals and other authority granted. This will help to control the access to the database.
d. The software need to be compatible with windows, Linux and other popular operating systems
e. The database software should better work in a network even if at least with two computers. This gives room for better control of data.
f. Data retrieval should be fast and easy. Report generation should be in basic formats that will be understood by all and sundry especially the management team of the company.
g. The software should be robust. This will enable it to contain most of the viable data which is necessary for measuring the performance indexes of the company.
If an organization is having very high productivity with very poor database management strategies, the organization is bound to have low profitability because many grey areas in the organization’s financial transactions will be hidden to management. It pays to have good database management principles in order to allow a realizable profit.

Easy Project Management

2009-06-26T15:00:00.000-07:00

To manage project effectively is one of the most important aspect of a business. It entails having a proper grasp of the project phases and the determination of the chronology of the project activities. When a project is properly scoped with all the activities arranged in preceding order, the project manager will be in a good stand to estimate the project duration and cost.

To manage project the easy way, the firm will think of applying some simple principles which includes the following:
a. Employment/ utilization of the services of professional project management team
b. Utilization of project management software tools
c. Proper scoping of projects
d. Determination of the proper duration of the project activities
e. Estimation of the proper precedence activities to any activity in the project.
f. Proper management of input resources
g. Training of workforce for the project
h. Establishing and contracting out the activities in the project that will cause delay or that will be better handled by another professional firm.
i. Make room for contingencies and other uncertainties that may crop up in the cause of the project execution.
The list of the information necessary for the better project management is inexhaustible but the key to easy project management is the utilization of software tools. The software tool is the arch supporting project management because of the following reasons:
a. It makes determination of project duration easy
b. When there is a slack in the time needed for an activity, it will be easy to adjust the start and end time of other activities in the project
c. In case of delay/overlap in the activity duration/introduction of new activities, there will be an easy re-planning to forestall project delay.
d. With the utilization of software tools, there is always a limited error in the overall cost of project implementation because the degree of accuracy of calculating of input to the project is very high
e. Project planning and control can be done within short time duration
The beauty of any project execution is the ease of operation. To this end, project management can only be smooth, fast, efficient and cost effective if software tools are applied. It should be noted however, that if unseasoned professionals are utilized in the execution of project management software, the result may not be better than that got when the projects is managed without software.

Economic Satellite TV Service Provision

2009-06-25T16:01:00.000-07:00

Today satellite TV service cannot be done without in many families around the world. Mornings, afternoons and evenings, programs are telecasted by these providers to capture the interest of viewers in music, politics, religion, tourism and culture, sports, education, science and technology etc. the programs have today become the life-wire of many folks around the world since they are fully reliant on their service providers for information dissemination.

The current trend in service provision whereby dishes, decoders, receivers, cables and other different gadgets are put together for either transmitting signals to the clients or receiving signals from the satellites are all good and better technology than the analogue system that is currently obsolete. This digitized system makes imaging on the television sets to be superb hence making satellite transmission a lot more attractive. In the current trend, people can spend as low as $100 to buy the dish and decoder from the favourite provider and pay an annual subscription as low as $200 ($16.67 per month) in the developing world. This cost of connection and subscription rate may be smaller in the advanced nations where more providers and competitiveness exists.
Comparing the cost mentioned above and the adduced gain of the satellite TV services, one can simply conclude that it is a good deal. Good deal indeed I think so but you need a better deal and even a best deal that allows your pocket more liquidity. These providers allow access to between 50 to 100 channels at the subscription rate of about $200 per annum. When you initially subscribe, the services of a technician is required to fix the dish, connect the decoder, run the cables, position the dish to the receiving longitude and latitude etc at a cost of about $65. This is a one-time payment however, on the event of shift of the dish or other minor technical hitches on the operation, the services of a technician will still be needed again.

You can see that the acclaimed economical satellite TV services may not necessarily be economical at the long run. Consider the recurring $16.67 monthly subscription and other maintenance cost that may accrue within one year, you can then believe with me that it is not that economical. Sometimes to make matters worst, the wind may damage the dish or lightening can affect the decoder warranting a replacement (this may cost about $50). It is noteworthy that the dishes and the decoders are immobile hence the satellite TV programs can only be enjoyed at home or at points they are mounted.
Today the trend is changed with the introduction of software that work with the internet facility to enable you to watch satellite TV programs on your personnel computers (PC) and laptops. This tested and proven software packages have the potentials of making your information reception via satellite TV channels in your house, office, anywhere you go without dish, decoder, cable etc. you only need an internet connection. I think that this innovation is most noble in making satellite TV signals receptions most convenient. Imagine using your laptop and PC to watch over 3000 satellite TV channels without toil. This software makes you the technician, the service provider and the user hence eliminating all the recurring expenditure accruing from subscriptions and sometimes repairs. If you consider a 3000 channel subscription from a satellite TV service provider, I think your monthly subscription will not be less than $150. Consider this economic satellite TV service provision that does not even require a TV set. You subscribe to nobody but only get the software that could cost lesser than your 3 months subscription. I think that this new way of watching satellite TV channels from over 170 countries in the world is the most economic way of information dissemination. Considering the need to spend less at this time of critical economic insolvency , the utilization of products that make you spend less and have enough satisfaction should be the ultimate goal.

Satellite TV Software

2009-06-25T13:29:00.000-07:00

Satellite TV service has undergone series of revolutions in the recent past. Among the new innovations is the use of software to watch satellite TV on the personal computers. To many folks this new means of watching satellite TV is strange while others will see it as a welcome development due to its uniqueness. The overview of this software will be x-rayed in this article in a bid to acquaint all and sundry about the software and how it works as well as the advantages and disadvantages of using it.
The satellite TV software like any other software is written in high level programming language for the computer hardware to decode and take necessary actions contained in the set of commands which characterizes the program. The software is digital and could be installed from digital storing devices or downloaded directly from a website in the internet on the personal computer. There is no need for dishes, cables and decoders. There is no recurring monthly, quarterly or annual subscription as the case may be in the use of this software. Once it is purchased and installed, the installer will be able to access over 3000 different channels from around the world. It can be utilized anywhere you have internet access on your computer system. You can watch satellite TV channels from your home country from a far land where most of the satellite TV providers do not telecast programs from your home country, region or tribe. With this software, you can overcome the parochial telecasting approach of Resource Box
For mormany satellite TV providers by having more than enough stations to choose from. This software will help you to know what is happening in different parts of the world that are not properly covered by the popular satellite TV services.
One of the basic challenges of this software is your ability to have an internet facility that is fast. When using an internet facility that is not fast, the resolution of the pictures will be poor and sometimes they will be freezing when watching and the sound will be crackly. There may be this challenge of choosing from so many stations. This may be stressful to many hence there may be the possibility of not being patient enough to search out the best stations while they are hidden within the program.

Watch over 3000 satellite TV Sations on your PCs!

Improving Business Performance with Inventory Management

2009-06-24T08:50:00.000-07:00

Inventory control is a day-to-day practice in all fields of human endeavour, households, manufacturing firms, servicing firms etc. The ability to store or stock materials for the provision of goods and services is inventory control. It is a sure way of managing businesses to ensure that customers are satisfied and organizations remains in operation via minimization of losses. A reliable inventory system implies higher confidence of customers and their attendant continuous patronage.

Inventory in the industry includes production inputs like human, financial, equipment and raw materials. Other forms of inventory are spare parts and partially finished goods (work in process). Inventory is kept to meet independence of operations, variation in product demand and flexibility in production scheduling, variation in raw material delivery time and variation in economic purchase order-size

An inventory system provides the organizational structure and operating policies for maintaining and controlling goods to be stocked. An effective management of inventory system requires a means of keeping track of items in inventory and an appropriate way of making decisions about how much to order and when to order. Decisions about inventory in any establishment requires information about on-hand inventory level, demand information with regard to the forecasted quantity (with a consideration of the forecast errors), lead-time and lead-time variation, inventory holding costs, ordering costs and shortage cost. This information aids the inventory control manager in meeting the competitive advantage desired by the organization.

In this era of product obsolesce caused by reduced product life cycle, inventory system should inevitably conform to Just-In-Time (JIT) production philosophy to bring about reduced process lead-time for service provision . This situation warrants reduction of the work-in -process (W.I.P) inventory level to reduce holding cost hence maximizing service quality, utilization of product and on-time delivery of goods and service to designated customers. The inventory system is always conscious of meeting target at minimum W.I.P inventory level.

Good inventory control system always guards against stock-out, which results in an increase W.I.P inventory cost that affects the production process negatively. Better demand management through appropriate forecast of stock usage helps to maintain an optimal stock that will achieve a desirable cover against unforeseen variation in service provision. It will equally put the firm in a good position to follow the market-changing trend of goods and service provision without recourse to accruing losses brought about by high inventory level of obsolete materials.

When there is no discipline in planning operations in an organisation especially where the capacity is tight, there is always a problem of high number of expedited orders; stock-outs and customers service failures. This uneconomical production trend resulting from poor master production schedule (MPS) policies borders on poor inventory systems which did not embrace material requirement planning (MRP) principles in the formulation of explicit demands from organisations aggregate planning. When poor data management envelops an organisation, operations planning and control system, MPS decisions are found to be improper and inventory system is affected by the limited flow of information.

If efficient equipment maintenance operation will be achieved in the industry, the spare parts inventory should conform to explicit demand for the service provision. This implies that the service level of the firm will be duly considered in planning the level of inventory for maintaining the equipment. The efficiency of a plant/equipment in an industrial setting is a measure of the extent of downtime accruing from the component equipment. When downtime accrues on the equipment, the plant obviously malfunctions or breakdown and there is loss of revenue. In order to ensure prompt equipment maintenance and the attendant minimal downtime, critical levels of spare parts should be kept in accordance with the maintenance schedule of the equipment. This critical stock level is dependent on the demand rate, which may be a function of the equipment breakdown or frequency of preventive maintenance over a certain period.

In order to effectively manage inventory in any business, software will be utilized. This is because the human levity has the tendency of hampering the accuracy of the inventory controlled manually thereby affecting the business performance. When software is used in managing a business inventory flow, the entrepreneur will be in a position to predict with a high degree of certainty the expected income over a time frame. This is because most of the software has the ability to cost inventory inflow and outflow thereby making it easy to make categorical statement about the business profitability.