Business Finance Homework Help

The following videos illustrate how a modern warehouse/fulfillment center operates. The first video provides a quick introduction to inventory and warehouse processes. Video 2, is more specific to Amazon’s fulfillment center located in Kent, WA.

Instructions: Based on your understanding of Warehouse and Inventory Management process, this week’s material and Amazon’s example, answer the 3 questions below and comment on a classmate’s post (5 sentences minimum). Your answer should have at least 200 words total (not including the questions, if you decide to add them to your response).

1. What role ERP systems such as SAP play in Inventory and Warehouse Management process?
2. How does Inventory and Warehouse management process integrate with other enterprise process? (You may pick any other process you would like to relate to such as accounting, procurement, fulfillment, production, planning, etc)
3. Given the current COVID-19 scenario, do you think eCommerce activities are/will change? What changes will enterprise process need to make in order to adapt to their environment? (Provide an example)

Please respond to this student’s post: “SAP plays a big role in inventory and warehouse management process. It’s important to note that during the goods receipt, the SAP ERP system is used to change the movement type. This resulting in an increase of materials in inventory. Also stock transfers and transfer postings are both accomplished via a transfer posting in SAP ERP. Systems such as SAP are how inventory and warehouse management are kept track of, and helps with the overall process of an items. SAP is how the inventory and warehouse process are managed. This is how they stay organized and get each step done correctly.

Inventory and warehouse management integrate with the accounting process. One way is when a goods receipt is issued. When a goods receipt is issued, financial accounting documents are also created. If at anytime material is moved that is split-valued, the valuation type changes and results in a financial accounting impact. Also, during a plan warehouse movement, when the goods receipt is recorded accounting documents are also created. Which will also be used during the confirmation of warehouse movement.

Due to covid-19, I think that eCommerce activities will continue to change. Amazon in the last year have made over 80 billion in sales alone. Most people have started relying more on the internet for buying items, and also apps like post mates for food/grocery’s. I believe this growth will continue over the next few years even if the country re-opens. One change that I think should be made in order to adapt to their environment is to make larger storage location. This is because sales are moving up, so they need more room to store more items to sale and to continue to grow.”