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Foreign related literature for computerized inventory system

Foreign studies on computerized sales and inventory system

It makes the work easier, faster and more accurate. Due to that fact, the automated scheme has become essential to small and big companies for they are expected to give the best services possible. Nevertheless, some businesses still prefer sticking with the system that is not integrated with technology.

Probable causes are computer illiterate staff and lack of funds.

  • Some inventory items have barcodes attached to them or imprinted on them;
  • It will monitor the availability of product items for reorder to prevent under stocking, overstocking or running out of stocks, the system will also generate necessary reports of inventory such as sales reports;
  • The said foreign and local studies contribute ideas to the proponent in order to originate the proposed literature;
  • The current system that the company uses is manual receipt recording;
  • It will minimize the difficulty of the manager in processing inventory because physical counting products, stocks and computing inventory summary will be the system job.

One of the most sought after automated systems of different companies is a purchasing and inventory system which comes hand in hand. A purchasing and inventory system is very important in every organization because a good purchase and inventory management can create excellent productivity.

Primarily, inventory work consists of input, output and restock. Input is a process of buying new products into the inventory and replacing the old products with the new ones. Meanwhile, output is a procedure of taking out the products from the inventory for sales or usage and refill is a process of increasing the number of existing products in the inventory in order to fulfill the insufficient products or escalating demands.

Most of the retailing market is using traditional way in the inventory management system where a person is assigned to check and record the stock by hand using pen and paper. It is where operations with regards to all the stock will be archived. The said system is much reliable, eliminated errors and inaccurate information, and provided integrity valuable reports.

The process of counting the sacks of rice is done manually, which corresponds to difficulty in tallying the number of available stocks and sold items. The manual generation of inventory reports such as daily, weekly, quarterly and annual inventory list of records remains as one of their key problem since the establishment of the business.

  1. A purchasing and inventory system is very important in every organization because a good and inventory management can create an excellent productivity.
  2. It gives realistic ideas, guides and an alysis to be able to come up with the proposed study. The subsystems that perform these functions include sales, manufacturing, warehousing, ordering, and receiving.
  3. Her system aims to come up with an efficient, and accurate mechanized system of preparing invoices that will keep track of the daily transaction and generate reports. Primarily, inventory work consists of input, output and restock.
  4. By using a computerized inventory system, a business owner can ensures that all orders, reports and other documents relating to inventory are uniform in their presentation, regardless of who has created them. A computer start with an inventory counts in memory.
  5. They account for inventory purchases and sales in one of two ways.

The transaction processing system for Best Choice Rice Dealer will minimize the difficulty of owner in processing inventory.

It will monitor the availability of product items for reorder to prevent under stocking, overstocking or running out of stocks, the system will also generate necessary reports of inventory such as sales reports. The proponents used database to easy access of files and for easier and faster processing of the selling and inventory transaction. The program was designated to generate reports such as monthly reports, inventory reports, sales invoice and list of items.

In connection with the proposed system, the proponents proposed a new and faster way of processing business transactions. The system also helped the user to know the availability of the products.

It also helped the manager to monitor the stocks and to get immediate notice for acquisition of additional products. The Proponents acquires knowledge about the file processing and report generations through this study.

Monitoring and Inventory for discovery Mall. It will minimize the difficulty of the manager in processing inventory because physical counting products, stocks and computing inventory summary will be the system job. It will monitor the availability of products, items to prevent under stocking, over stocking and running out of stock. The system will also simplify the transaction between dealer and supplier relationship because of the updated supplier information and price list of items will correspond to collaboration with other supplier.

They state that the main problem of the Osaka Iridology is what modern effective tool must be use in creating and developing a sales and inventory system that will manage efficiently their transaction. So they develop a system that inclusively for the transaction of Osaka Iridology, such as monitoring of their medicine and their daily sales.

Sale Inventory System StudyMode. This system enables us to make every detailed work and follows accurate directives without error. In order to know the problem, we conducted an interview with the managing team for sales, billing, and inventory. This led us to problems like the manual time-consuming record of documents, billing errors and difficulty in data retrieval. The basic advantages of the proposed system are to make the process fast and well-organized which means that they can process much more quickly than humans.

Data retrieval has to be searched in lots of registers slowly and it wastes a lot of time. The current system that the company uses is manual receipt recording.

Foreign studies on computerized sales and inventory system

It makes the data not reliable enough as it is handwritten and there is a high probability of errors to occur. Data recording consumes a lot of space since it is stored in cabinets and folders. It is also prone to data loss where it could be missing because of improper file management. The employees need to know how many units of their products are available for reservation and sales and the items that are sold. All of these rely on the inventory system to present solutions.

The sales inventory system would provide service to the user, input information to the database, summarize the inquiry of bills, and manage the product releases and storage. This would generate a faster improvisation of work given less time and effort. McHugh 2011 According to Thomas M. McHugh 2011 computerized inventory management systems provide many benefits that are hard to obtain using paper methods or an in-house spreadsheet.

Systems that are specific to the lab can be used relatively quickly without a significant learning curve or system customization.

The ability to analyze the inventory, item usage, purchasing history, and other areas e. If the system includes equipment tracking, it can be used to determine the capital asset as well as track the service history and lifespan of equipment.

The ability to streamline and automate many of the inventory control tasks will be increasingly important to reduce hands-on time while improving the analysis of foreign related literature for computerized inventory system, reducing stock-outs, and avoiding expiring reagents.

The ability to ensure that the right reagent in the right quantity is present at the right time is critical to laboratory operations.

Given that reagents are approximately one-half of most labs' operating budgets, a continued focus on this expense will assist the laboratory in continuing to provide accurate and timely laboratory testing at the lowest cost. Small Business Administration 2010 According to the U. Small Business Foreign related literature for computerized inventory system, 2010. Small Business Administration publication describes what constitutes successful inventory management balancing cost versus benefits of inventory, including maintaining a wide assortment without spreading the rapidly moving items too thin, increasing inventory turnover without sacrificing service, keeping stock low without sacrificing performance, obtaining lower prices bymaking volume purchases, maintaining an adequate inventory without an excess of absolute items.

Inventory system is a process whereby a business keeps track of the goods and material available. In simplest explanation, it can be done manually by counting every at the end of each day. It is also possible to keep a record of goods coming into the business and goods being sold. School inventory system is the process of counting the chairs, tables, computers, papers, etc. After its establishment 14 years ago, they have used manual type of inventory system.

She executes the inventory keeping occasionally by manually counting the school materials like chairs, tables, computers, door, lamps, etc.

Then she transfers it to the Microsoft Excel to complete her record. The office inventory is managed by the one who is in charge of the office.