Inventory management Literature review Example | Topics and Well Written Essays - 500 words

Inventory management - Literature review Example In scientific meaning, the inventory management finds the way of maintaining the stock to meet the demands for production in order to provide the right product at the right time at the competitive prices with right quantities. Objectives of inventory management include as the best services for customers, minimizing the cost of the inventory, optimized use of the machine and men, and achieving the best production targets. According to Waters (2003) inventory management works for three main objectives as it manages the flow of material or products through the entire chain of supply. Inventory management helps the logistic in order to achieve the aims of the organization. Inventory managers support the managers to be sure about availability of the needed goods. The main aim of inventory management is the arrangement of all material of library in a proper manner. The books must arrange in accurate order. The librarian periodically checks for missing books (Xavier University Library 2013). Inventory management like many other activities of the company contributes the welfare for the company. Logistic operations of the company contribute to profit in marketing services and financial requirements of the company. Inventory management meets the demands of the customers at the minimum cost. Inventory management optimizes the support in the three main areas as inventory cost, customer services and operating costs (Wild 2002). The book by O’Neil (1998) is based on the management of library and archival security. The author focused on the management of the library as well as the security. Libraries are the treasures of knowledge and information, so security is very important. The libraries of universities are mostly having donors. If there is a lack in management of the library, it will give a bad impact of university in front of donors. The proper inventory management system is required to follow for the maintenance of library. The investment

Machiavelli's Understanding of Virtue Essay Example | Topics and Well Written Essays - 750 words

Machiavelli's Understanding of Virtue - Essay Example In his work The Prince, Machiavelli suggests that he has authored something of practical value for anyone who understands it, and it will appear that he strives for practical utility rather than abstract or religious notions of goodness or virtue.3 Although tradition and religion equated effective rule by a ruler with upright behaviour and virtue, requiring a ruler to be a good Christian, Machiavelli goes forth to suggest boldly that any ruler who took such advice was staring at ruin. In Machiavelli’s opinion, it is far more important for any ruler to save the state than to worry about vices. Thus, according to Machiavelli, a ruler or a prince should only appear to possess conventional virtues such as liberality, mercy, trustworthiness, and piety.4 Machiavelli states that it is likely that the people will take for granted generosity in a ruler and then proceed to demand generosity. Thus, it is best to avoid generosity because this virtue is likely to force a ruler to burden th e people with taxes to make the ruler unpopular.5 Machiavelli argues against the bad use of mercy by a ruler because it is impossible to keep a people united and prepared for action towards progress without a fear of the ruler.6 In Machiavelli’s opinion, it does not make sense for a wise ruler to keep his word if the consequences of this were to cause the ruler harm because all men are wicked and self-interested creatures who do similarly.7 Thus, Machiavelli argues only for appearances of virtues in a ruler because such appearances serve best, but in reality, a ruler must do that which benefits the ruler most.8 In all his arguments presented in his work The Prince, Machiavelli maintains a focus on the growth of the state, with a ruler or prince having a need for recognising that states grow, or they may end. Thus, although Machiavelli does not dismiss Christian virtues, recognising their appeal and prestige, he urges the ruler to adopt a proper use of traditional virtues. Acc ording to Machiavelli, if times are peaceful and all men virtuous, a ruler can afford the luxury of moral practice, but a ruler should be prepared to cultivate an appearance of virtue while exercising its opposite to ensure that the state will remain secure. Machiavelli maintains in The Prince his stance that a prince or a ruler, especially a new ruler, cannot maintain all things good and virtuous because of a need for maintaining the state by acting against faith, charity, humanity and religion when the situation demands this.9 Thus, it will appear that according to Machiavelli, practical utility and success are far more important than any loyalty to notions of virtue or good. In his work The Prince, Machiavelli observes that the remarkable deeds of Hannibal, involving a tortuous logistical movement of men and elephants over tall and virtually impassable mountains, was cruel but practically necessary for success, and this is what he expects from his prince.10 Machiavelli’