Inventory System
Chapter I
Introduction and its Background
Introduction
Inventories are very essential to meet the shareholder needs and demands for financial information.
A computerized inventory stock system helps the companies to keep track of their inventory from initial purchase to final sale automatically. It may contain quantities, description, price, purchasing of items, the stock – in and out, total amount of products on initial purchase and making reports on the inventory.
A store sells certain products. Most stores still uses the manual system for recording transactions upon the inventory. Everyday, they can encounter day-to-day operations for instance, the receiving or releasing of product supplies in the inventory.
So in this case, the stores might need a computerized inventory system to record transactions.
The result of having a computerized inventory system could provide a real time assessment of the inventory levels as it keeps track on the inventory information. To concretely describe how this works, for an instance, a given stocks of a product has been delivered, the inventory level for that certain product will be automatically updated. Moreover, the system could provide the store a more convenient and easy to look at the list of stocks.
However, the proponents should also consider that if the certain product reaches its minimum stock, the system itself would automatically tell that it needs to be supplied more and that the system should provide a quick, accurate and organized information in order to give the owners, shareholders or managers a strategy on what to do for their businesses. The researchers decided to choose Appliance Center to conduct the study because the shop manually records the stocks and other related transactions and the study proposes a more advance system than of the present use.
Background of the study The Appliance Center sells different appliances that had started a few years ago. It is situated in
Introduction and its Background
Introduction
Inventories are very essential to meet the shareholder needs and demands for financial information.
A computerized inventory stock system helps the companies to keep track of their inventory from initial purchase to final sale automatically. It may contain quantities, description, price, purchasing of items, the stock – in and out, total amount of products on initial purchase and making reports on the inventory.
A store sells certain products. Most stores still uses the manual system for recording transactions upon the inventory. Everyday, they can encounter day-to-day operations for instance, the receiving or releasing of product supplies in the inventory.
So in this case, the stores might need a computerized inventory system to record transactions.
The result of having a computerized inventory system could provide a real time assessment of the inventory levels as it keeps track on the inventory information. To concretely describe how this works, for an instance, a given stocks of a product has been delivered, the inventory level for that certain product will be automatically updated. Moreover, the system could provide the store a more convenient and easy to look at the list of stocks.
However, the proponents should also consider that if the certain product reaches its minimum stock, the system itself would automatically tell that it needs to be supplied more and that the system should provide a quick, accurate and organized information in order to give the owners, shareholders or managers a strategy on what to do for their businesses. The researchers decided to choose Appliance Center to conduct the study because the shop manually records the stocks and other related transactions and the study proposes a more advance system than of the present use.
Background of the study The Appliance Center sells different appliances that had started a few years ago. It is situated in