Business owners and managers typically setup systems or processes to aid them with this function. Using a computerized inventory system is quite common in the business industry. Function Computerized inventory systems help companies order, count, sell and maintain different products in an organization.
Technology is derived from discoveries of man; therefore, it includes the use of both primitive and highly advanced tools and methods of works. The inventions and the development of technology permitted people to expand their work at the shortest possible time. With the assistance of technology, people are now using the most important and most highly developed machine man has ever invented: Computer has changed the way people work specially in the field of industry and commerce.
Most businesses have used this in carrying out different business transactions.
Computer has been greatly valued for its skill to execute tasks more hastily and more accurately than any human being had. These tasks include solving numerical calculations, storing necessary information, and organizing files that can be used by management and other departments in the company in making economic decisions.
However, even with the existence of these highly developed technologies, some business firms still prefer the manual system, which requires more effort, time, costs, and resources, because of its simplicity.
Organizations have to consider, acquire, allocate and control certain factors which are necessary to achieve these goals and objectives.
The aim of inventory management is to hold inventories at the lowest possible cost, given the objectives to ensure uninterrupted supplies for on-going operations. When making decisions on inventory, management has to find a compromise between the different cost components, such as the costs of supplying inventory, inventory-holding costs and costs resulting from insufficient inventories Hugo, Badenhorst-Weiss and Van Rooyen One example of an organization that has a wide range of inventories and still employs a manual system is 2M Trading was formally established to take part in the Philippine Economy's growth as it envisioned for making the road in the circle of newly industrialized countries.
This modification could help the aforementioned business perform this essential function with more speed and accuracy. Through this, the researchers may be able to make a corresponding program that would answer the problem identified in the former part of this research.
All the data needed in producing those report will be supplied by the system. This would also minimize their time in doing a yearly physical count because of the computerized system that can search and update records quickly. The system could lessen inconvenience to customers when they make a purchase.
It would be easily known if the certain item they want to buy is still available or how many stocks are still available. This study shall enhance their skills and knowledge in advance technology by developing a system, and become more aware of the existence and benefits of new technology.
This study would serve as a guide in the area of Inventory Transaction Processing System and in the conduct of a similar study. Through this study, the proposed system will greatly help the company in updating, maintenance of records of their products and costumer and executing of reports systematically.
The proposed system includes certain processes limited to achieve the purpose including the product entry, update stocks, sales, report and utilities. The system has admin account wherein the user is limited to access to the sales modules only.
The researchers will use Visual Basic. Net as the programming language and Microsoft Access as their database. Sales and Inventory System of 2M Trading using computerize system is limited only to the official activities and products of 2M Trading.
First, an interview was conducted in order to know the inventory operations of 2M TRADING such as the manner in which inventories are recorded, updated and purchased. Second, previous studies in relation with the topic were gathered from books, past theses and net, to properly and fully comply with the current inventory needs of the said entity.
Third, an inventory system via VB.
NET was then created. Using this, inventory sold and purchased can easily be monitored and recorded, inventory shortage may be prevented, and high cost due to labour, inventory handling and ordering may be eliminated.
Conceptual framework The staff encoded the merchandise information like name of item barcode, item name, description, quantity, market price, sale price, and item sold this is the input. The system automatically inventorying the item and the sales of each item every day or week even the month and this is the process, the output will be the inventory and sales report that will receive of the staff that encode for the merchandise or item information.
Sales — the activities involved in selling goods or services 2.Inventory System Thesis. Submitted by: admin. Visitors have accessed this post times. Computerized Inventory System Using MS Access by Ranielle Canlas1 Point of Sale and Inventory System using Barcode by mindgamez Inventory Management System by alexgoof.
You can use a computerized inventory system to manage your counting and record-keeping, or invest in a full blown perpetual inventory system that adds and subtracts product in real time as it goes. Thesis Presentation.
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Sales and Inventory System Thesis Documentation. In today's business environment, even small and mid-sized businesses have come to rely on computerized inventory management systems. Certainly, there are plenty of small retail outlets, manufacturers, and other businesses that continue to rely on manual means of inventory tracking.
. You can use a computerized inventory system to manage your counting and record-keeping, or invest in a full blown perpetual inventory system that adds and subtracts product in real time as it goes.