Inventory system Essay

INTRODUCTIONBACKGROUND AND RATIONALEIn todays generation, we be engaged in highly information processing systemized applied science aiming to enhance individual lifestyle and some especially in the serviceman of caper. Certainly, there are plenty of small retail forthlets, manufacturers, and early(a) businesses that overlay to rely on manual means of line of descent tracking. Mevery companies and businesses are using gross revenue observe and breed systems for their success and growth. It is an effective dash for observe sales and tracking different products and materials that are transferred in and out of a partys warehouse or establishment. Moreover, a sales supervise and muniment system promotes effective inventory control which ensures stocking the salable and correct items in correct quantities. This system ordure help the play along to revoke overstocking.When a accompany overstocks, money is wasted since procuring, storing, and accounting for redundant i tems require time, space, and money which could collect been used on more than favourable and marketable assets. Having a developed system on sales monitor and inventory makes the company more productive, efficient and convenient both to the company and its client. The sales and inventory system is meant to help the company employees and personnel to repoint customers more relevant items, hoping to expedite and increase the sales and most importantly to increase the profit of the company. With the aid of a sales observe and inventory systems, product anxiety get out be more invariable, reliable and efficient.Soundpoint Electronics and superior general trade is a retail opening come ond at Brgy. Taboc, Borongan City, own and managed by Mr. Crisanto Jose C. Labro.The com regorgeerization of their existing system is one of the primary rationality why I conducted this look at. I believed that with the computerized sales monitoring and inventory system, the problems met o n the existing system depart lessen and eventually eliminate.STATEMENT OF THE botherThis rent aims to solve the following existing manual sales monitoring and inventory problems1. Their present sales and inventory system is highly grok intensive because they require continuous monitoring on their business green light on a daily basis.2. In footing of their sales transactions, the save record that they have are the customers functionary avail and the problem with that is non all customers ask for an official receipt. They cannot determine how much their total earnings are at the give notice of the day because their records or the official receipts that they keep are not complete.3. Lack of security in terms of their sales and their products. The business possessor bequeath find it difficult to see if some products are absentminded or missing because they dont have any write records about the available products. 4. Unreliable inventory and sales account. Because they d ont have a complete records of their inventory and sales transactions, they cannot produce any inventory or sales report that are really consistent and dependable.SCOPE AND LIMITATION OF THE STUDYThis study was conducted at Soundpoint Electronics and General Merchandise located at Brgy. Taboc, Borongan City. This was conducted during the first semester of school year 2013 2014. The proposed sales monitoring and inventory system will 1. This can no longer be highly labor intensive because with the aid of the sales monitoring and inventory system, they can monitor their sales and determine their wanting(p) and unavailable products with the perfect reports that the system will generate. 2. After each customer transaction, the system will generate an official receipt and from then, they will be able to have a record and they can now determine their earnings.3. Promote data security in terms of making the files always updated and easy to locate to provide a faster mean of doing the i nventory. Unauthorized employees and persons will not be able to use the system unless under the supervision of the business enterprise owner. 4. Enable to produce accurate reports. A sales report to know the earnings of the business enterprise daily, weekly, monthly and yearly and an inventory report to seewhat products are lacking and unavailable. However this sales monitoring and inventory system will not cover the following1. payroll department report of the employees.2. Ordering of the needed / lacking products in the business enterprise. importation OF THE STUDYSOUNDPOINT ELECTRONICS AND GEN. MERCHANDISEThis study will greatly contribute to the management in improving its level of sales and inventory management consistency, efficiency, trueness and convenience in providing and giving services to owner, employees and customers.PROPONENTThis study will help the proponent understand and appreciate the importance of the sales monitoring and inventory system for all business enter prises and establishments. This study will similarly improve her knowledge and experience in thesis writing as well as creating the Sales Monitoring and broth System.FUTURE RESEARCHERSThis study will greatly help the succeeding(a) researchers to be aware on how important a sales and inventory systems in a definite business enterprise.This study can be a reference to the futurity researchers who undertake studies in the same nature, also as contribution for other topics/areas. In addition to this, it will offer essential reading and acquire experiences to the future researchers, to expand their knowledge in the fields of System psychoanalysis and Design and Software Development. And the study will also help the future researchers to gather significant information and to learn more about the problems that most business enterprises encountered in their sales and inventory management.CUSTOMERSThe customers will be benefited in a way that their processes andtransactions in the bu siness enterprise will be much easier and faster because of the computerized sales monitoring and inventory system.SUPPLIERSThis study will also be helpful to the product suppliers in terms of in every product name, the name of the supplier or the company of the supplier will be seen. If the time comes that the products are already lacking in the business enterprise, the proprietor will know who the suppliers are and can contact the suppliers immediately.DEFINITION OF TERMSAccuracy- the ability to be precise and avoid errorsComplexity- the condition of being difficult to analyse, understand and solveComputer- machine that perpetrate tasks, such as calculations or electronic communication, under the control of a set of instructions called a program Computerize to store information in a computer system or process it by a computerConvenience the quality of being or making things easy, useful, or of increasing comfortCustomer a person or company that buys goods or servicesData info rmation, a form that is adequate for storage in or processing by a computerEmployee a paid workerEnd User a person or group that is one of the ultimate consumers or users that a software program product has been designed forFeasible capable of being achieved or put into effectGantt Chart a chart in which horizontal lines cross-file the actual and projected amounts of time involved in completing a particular task or reaching specific levels of productionInventory System are tracking systems that inform you of the amount of raw materials, supplies or final products you have readily availableManageability able to be handled or controlled without much difficultyManufacture a factory, person, or transcription that produces finished goods from raw materials, especially on large industrial scale of measurementMarketable Assets products that fit to be sold, in demand and therefore comparatively easy to sellMonitoring Staff- anemployee or personnel who checks for incorrect and handicap productsPersonnel the people employed in an organization, business or fortify forceProducts items sold in a storeProponent- the student who analyzes and researches in great detail in order to understand and discover more about this studyProprietor the owner of a commercial enterprise or establishmentReference a source of information researcher a person who study something methodicallySuppliers- a person that provides or sells available or needed products by a company or any retail enterprisesUtilize- to make use of something or find a practical or effective use of something