An analysis of reorder point process on stock levels in Sun-Rise International Company

Abstract

I joined the Sun-Rise International company as an assistant accountant. It was a deed based job and my agreement was for 3-month based on my performance it can be extended if I wanted to. This report is an overview of my 3-month journey in Sun-Rise International company including thing that I have learned, my work experience and observation. While joining the company I have learned many new things and got to know how a company works in person. When I joined the company for the first time, they welcomed me with warm heart and give me an overview of the company’s policy. Since, I was an assistant accountant employee, my job was to record how much tape was order and replying to the customers need on the product overview. Further, I also had to reorder product from Japan and China according to my supervisor’s instruction. My supervisor (Shirajul Karim) would follow the traditional method of reordering product for example seeing and ordering by looking at the previous records of the company since, they don’t that much idea about the reorder point of economic order quantity. For that reason, most of the time the company would not be able to meet the customers demand due to the lead time the firm needs to get the product when its purchased. Furthermore, I learned how companies use Microsoft excel and how data is recorded in them. Further, how to write a formal email to the clients. Moreover, management of inventory, recoding data, when to order for more inventory and how inventory is being distributed to customers. All of these things are discussed broadly in the paper.