Free Essay

Inventory System

In:

Submitted By ddyum
Words 3213
Pages 13
DLSU Engineering e-Journal Vol. 1 No. 1, March 2007, pp. 138-150

Automated Inventory System Using Portable Data Acquisition Module for Bell Electronics Corporation
Zarina Ira V. Bernabe Monchie C. Dela Cruz Karen K. Jao Department of Electronics and Communications Engineering De La Salle University, Manila email: ira.bernabe@yahoo.com, chie08_elx@yahoo.com, karenjao@yahoo.com, Jingel A. Tio, Antonio S. Gonzales Jr. Department of Electronics and Communications Engineering De La Salle University, Manila Email: tioj@dlsu.edu.ph, gonzalesa@dlsu.edu.ph

Bell Electronics Lab Corporation situated in Calamba, Laguna is engaged in test and assembly of optoelectronics and sensor devices. The company is concentrating on its resources in metal can packaging. The second phase of the company's program is towards the development of other types of optoelectronics and sensors device packaging to support their customer requirements. In this paper, the proponents will present an Automated Inventory System using Portable Data Acquisition (PDA) module to help the company’s growing business. The PDA module is composed of barcode scanner to scan issued and received items, and a Z8F6423 Zilog microcontroller to store the information. A Product Inventory System (PIS) application program is also discussed to show how the PDA module can be interfaced with the PIS. Test results presented in this paper will show apparent improvement of company’s inventory system.

1.0 INTRODUCTION Inventory system is an effective way for monitoring and tracking different materials that are transferred in and out of a company’s warehouse or establishment usually for accounting purposes. It is also important for a company to monitor all the transactions and

140

Bernabe, Dela Cruz, Jao, Tio and Gonzales

movement of goods in order to keep an account of all their stocks. However in some establishments, the inventory of materials is done manually in such a way that an employee writes down the information of different materials every time it is transferred in and out of the room. The same case applies in Bell Electronics Corporation; and as a result, the inventory system becomes prone to human error and would be more time consuming which will most likely be a loss for the company. In Bell Electronics Corporation, there is a corresponding form for every incoming or outgoing item (from the stock room). These forms serve as the basis of comparison when inspecting; that is, the amount of item that goes in or out must tally with those written in the forms. Afterwards, all the transactions will then be encoded manually in Microsoft Excel for future reference. In addition to the complexity of the process, the employee responsible on this task also needs to check the stocks once in a while so as to monitor which items are already getting below the allowable minimum quantity. Because of the draining work, there were circumstances when the inventory record in the computer does not tally with the actual amount of the available items. Another thing to consider in manual inventory is prone to errors since it is inevitable that the employee assigned to do the inventory would commit mistakes. Due to the inefficiency of manual inventory, security is also being risked. If not properly monitored, theft and loss of items can actually take place. It is also time consuming to take note of several details each time an item is brought in and out of the stock room. Since manual inventory consumes a lot of time and is susceptible to errors, it would be helpful to build a system that will automate the transactions from acquisition of the product description to updating the inventory database. Work efficiency of employees is defined as how productive they are in their work. The automated inventory system will improve employees’ work efficiency by automating routinely and time consuming tasks such as the time spent in taking down product information. As a result, the time can be used in more productive activities. Accuracy is defined as the correctness of accessing information. The accuracy of the current system will also be improved, since the automated inventory system would eliminate the need of constantly encoding lengthy details of products by having an inventory database. 2.0 SYSTEM BLOCK DIAGRAM

Figure 1: System Block Diagram

Automated Inventory using Portable Data Acquisition Module for Bell Corp.

141
The project is divided into two sub-systems: hardware and software components. The hardware part is made up of the barcode scanner which is responsible for decoding the equivalent binary information in the barcodes of the material to be recorded; the Control Panel or the Status Module, which comprises of the battery level indicator, material status buttons, and alert system; and finally, the Z8F6423 microcontroller. On the other hand, the software portion of the system is composed of the PC to module and module to PC serial communication algorithm assembled in Visual Basic software; Data transfer operations utilizing UART (Universal Asynchronous Receiver / Transmitter); a SQL-based database system; and a graphical user interface also in Visual Basic. The block diagram of the over all system of the project is shown in figure 1.

3.0 PORTABLE DATA ACQUISITION MODULE

Figure 2: Block Diagram of Portable Data Acquisition Module
The portable data acquisition module which is mainly considered as the hardware component of this project is responsible for the data acquisition of the barcode information as well as the storage and manipulation of these data through Zilog microcontroller. Shown in figure 2 is the block diagram of the portable data acquisition module which is basically comprised of the barcode scanner, Zilog microcontroller and the power supply.

3.1 Barcode Scanner
The MS9540 Voyager barcode scanner converts the barcodes into text messages and delivers them into its output serial port. These string output of the barcode scanner are then fed into the Z8F6423 microcontroller which are then processed whether for quantity update, input verification or just simply memory storage. This scanner was set to operate at a port setting of a data rate of 9600 bits per second, 8 data bits, no parity, 1 stop bit and no flow control. The scanner has an operating voltage of 5V and an

142

Bernabe, Dela Cruz, Jao, Tio and Gonzales

operating current of about 200mA. One of the features of this barcode scanner is its Codegate technology, which automatically activates the laser from the scanner in order to scan the barcode when it senses a barcode and automatically deactivates when the user is not scanning any barcodes. This feature, can be considered as a power saver, since the scanner only consumes energy during the scanning process and idles itself during no operation.

3.2 Zilog Z8F6423 Microcontroller
The Zilog Z8F6423 microcontroller is the heart and soul of the data acquisition module since it performs almost all of the functions of the module. One of the main features of this microcontroller was the DB9 female serial port connector that was already in the kit which allows the proponent to easily access the UART and SPI (Serial Peripheral Interface) of the microcontroller. These features effectively communicate with the barcode scanner and relay the scanned information and store it in a temporary memory of the microcontroller. Another feature that was greatly utilized was the GPIO or General Purpose Input/Output pins. These pins enabled to interface the necessary switches and LED indicators to the user in order for him/her to control the operation of the microcontroller. The pins are interfaced with the toggle switches, push-buttons and LEDs with the use of 2 pin connectors.

3.3 Power Supply
The portable module utilized two power supplies in order for it to operate effectively. One would be responsible to power up the barcode scanner and the other for the Zilog microcontroller. Both power supplies are similar in design since similar output parameters are required for them. A 7805 voltage regulator, 741 op-amp and 5V relay where utilized in the design. In addition to this, a Nokia BLK-4S Lithium Ion rechargeable Battery was used in the design which has an ampere hour rating of 800mAh.

4.0 SOFTWARE COMPONENT

4.1 Structured Query Language
There are three basic categories of SQL Statements. These include SQL-Data Statements, which are used to query and modify tables and columns, SQL-Transaction Statements which handles control of transactions and SQL-Schema Statements which are used to maintain schema. In this thesis project, SQL-Data Statements played a big role in the software part. They allowed access and modifications to the database once certain events happened while running the program. Three modification statements under this category are the action queries – INSERT statement, UPDATE statements, and DELETE statements. As the terminologies imply, INSERT Statement adds row/s to tables, UPDATE Statement modifies columns in table rows while the DELETE Statement removes row/s from tables. Another SQL Data Statement is the SELECT statement, which is used to retrieve data from the database. With these commands as

Automated Inventory using Portable Data Acquisition Module for Bell Corp.

143 the project’s basic tools, features related to editing of database records are made possible.

4.2 Updating the Database

Figure 3: Summarized Program Sequence
Figure 3 summarizes the program sequence of updating the database. After a serial connection between the PC and the module was established, the application reads the data sent by the module. The said data is comprised of the product’s barcode, quantity and transaction status. The first step is to determine the status of the product, whether it is an incoming or outgoing stock. This will then be followed by the updating of the database. If the product is an incoming stock, the application will simply add the quantity sent by the module to the original quantity in the database, otherwise a subtraction process occurs. If the product is incoming, the next step is to check if that same product also has outgoing transaction. If in case the product was not issued during that day, the monitoring of the critical inventory level follows. The critical inventory level consist the minimum and maximum limits for the quantity of each inventory item. If after the addition process, the program detected that the critical inventory level is reached or exceeded, the program will alert the user. On the other hand, if the same product was issued during that day, which is indicated by having an outgoing status transaction for the same barcode, the program will skip first the monitoring of the critical inventory level since the sum is still not yet the final quantity of the product because of the subtraction process that will still happen afterwards. The next step is to check if the item is one of the expected products uploaded in the module. If it is, the program then proceeds to the verification of the expected quantity. If the transaction status of the barcode being evaluated is outgoing and the subtraction process is already done, the program immediately proceeds to check if critical inventory level was reached or exceeded by the new product quantity. This is because the difference after the subtraction process is considered as the final quantity of the product for that day. The same procedure is repeated for every barcode detected from the data sent by the module. Note that a barcode “FINISH” is to be scanned by the user to signify end of transactions for the day; thus in the program, the data downloading code will be terminated once the barcode “FINISH” is reached.

4.1 Software Features
The system provides a graphical user interface which gives the user access to some features. The application program is created in Visual Basic .NET and uses a Structured

144

Bernabe, Dela Cruz, Jao, Tio and Gonzales

Query Language (SQL) for database maintenance. Table 1 shows the summary of GUI windows and its corresponding functions.

Table 1: GUI windows

Figures 4 to 6 present screenshots of GUI windows. The Log-in window will ask the user to input the username and password. If the log-in is successful the menu window will be shown on screen. The user can upload the information from the Data Acquisition module when Upload option is invoke. The Upload menu is shown in Figure 6.

Automated Inventory using Portable Data Acquisition Module for Bell Corp.

145

Figure 4: Log-in Window

Figure 5: Menu Window

Figure 6: Upload Window

5.0 ANALYSIS OF RESULTS The proponents conducted series of tests assessing the overall system performance to have a thorough analysis and evaluation of the system, To check and evaluate the efficiency of the new system, the group compared the quantity in the inventory generated by the program and the data written in the company’s MRIV forms (Materials Request Issuance Voucher) on that day (testing day). The result showed that the quantity of the products matched perfectly and thus proved that the new system is in fact 100% accurate.

146

Bernabe, Dela Cruz, Jao, Tio and Gonzales

Figure 7: Process Flow of Bell Electronics Corp. Automated Inventory
Figure 7 illustrates the checking of quantity and authentication step of the manual inventory process has been replaced by a simple step of barcode scanning and thus eliminates the risk of human error occurring. In the first procedure alone, the new system already has an advantage of speed over the manual process. On the other hand, manual checking of the availability of the material has also been eliminated since the records in the database system are already accurate and updated. This way, human manual encoding errors are reduced. Furthermore, a lot of time consuming manual work has been eliminated. Records are automatically updated once the information from the module is uploaded to the database. In addition, monitoring of the quantity level of each material is already being done by the software application program, so manual verification is also unnecessary anymore.

5.1 Simulations
Aside from the comparison and analysis of the steps and procedures of automated and manual inventory processes, simulations of two inventory processes were tested while taking note of the time consumed for each process. To compute for the total Standard Time (ST) per task, total Observed Time (OT) per cycle is first obtained. Note that one cycle is equivalent to one transaction / routine. Total Observed Time is the summations of all observe times divided by the number of observations.

OT=Xi/n

Equation 1

Then, the Total Observed Time was multiplied by a certain performance rating of the operator / user to obtain the Normal Time (NT). Calculation of Performance Rating (PR) was based on the Westinghouse System. [4]

NT = OT * PR

Equation. 2

Finally, to obtain the Standard Time, Normal Time is multiplied by an allowance factor. Allowance factor is the interruptions to process such as personal needs for rest and for

Automated Inventory using Portable Data Acquisition Module for Bell Corp.

147 reasons beyond his or her control. The Allowance Factor used is based on a Typical Allowance Percentages for Working Conditions Standards.[5]

ST = NT * AF

Equation 3

Tables 2 to 5 present the sample computations of outgoing and incoming product simulations for both the manual and automated systems.

Table 2: Sample Computation of Outgoing Product Simulation (Manual Process)

Table 3: Sample Computation of Outgoing Product Simulation (Automated Process)

148

Bernabe, Dela Cruz, Jao, Tio and Gonzales

Table 4: Sample Computation of Incoming Product Simulation (Manual Process)

Table 5: Sample Computation of Incoming Product Simulation (Automated Process)

From those 30 samples, the average standard time for a transaction with an outgoing product in the manual inventory process amounts to 41.55 seconds while 30.52 seconds for the automated inventory system. This results to a percentage difference of 30.61% and the automated process was able to save 26.55% of the manual inventory time. On the other hand, the average standard time for a transaction with an incoming product in the manual inventory process amounts to 44.19 seconds while 29.36 seconds for the automated inventory system. A percentage difference of 40.33% resulted and using this data, the automated process saved 33.56% of the manual inventory time as shown in Table 6. With regard to the generation of inventory reports, the automated inventory system has significantly reduced the time from 72.04 minutes to 1.55 minute thus saving 97.86% of the time. Table 2 shows the average standard time for transactions with outgoing and incoming materials while the average standard time in creating summary of inventory report is illustrated in Table 7.

Automated Inventory using Portable Data Acquisition Module for Bell Corp.

149
Table 6: Average Standard Time of Manual and Automated Processes

Table 7: Average Standard Time for the Generation of Inventory Report

The group also measured the amount of time consumed in downloading the data from the module as well as the time it took the application to display the summary of inventory from the moment the user clicked the appropriate button in the graphical user interface. The standard times for these tests are summarized in Table 8.

Table 8: Standard Time of other operations

6.0 CONCLUSION In this paper, the design of Automated Inventory System using Portable Data Acquisition Module for Bell Electronics Corporation is presented. The tests that have been conducted in Bell Electronics Corporation lessen a significant amount of time dedicated in creating summary reports of inventory along with other related records. In addition, the company finds the proposed system more effective in their inventory management not only because of the improved speed, but also due to the increased of efficiency by reducing manual interventions. However, it is recommended to automate other manual transactions in order to improve the productivity of the company. Furthermore, to increase the storage capability of the portable data acquisition module the researchers recommend incorporating EEPROMs to the microcontroller. Finally, it is recommended to make the inventory system web-enable for easy access. REFERENCES [1] Tersine, R. Principles of inventory and material management. New York: North Holland Inc. [2] Young, J.B. (1991). Modern Inventory Operations. New York: Van Nostrand Reinhold [3] Mansfield R. (1993).The Visual Guide to Visual Basic for Windows, 2ed. Philippines: Global Publishing [4] S.M. Lowry et. al. (1940). Time and Motion Study and Formulas for Wage Incentives, 3rd ed. New York : Mc Graw Hill

150

Bernabe, Dela Cruz, Jao, Tio and Gonzales

[5] Stevenson, W. J. (1982) Production/Operations Management. Illinois: Irwin Professional Publishing [6] Bar Code Technology. http://www.aimglobal.org/technologies/barcode [7] Visual Basic Tutorial1-The Basic IDE. http://www.theopensourcery.com/vb01tut.htm

About the Authors

Zarina Ira V. Bernabe, Monchie C. Dela Cruz and Karen K. Jao obtained their B.S. Electronics and Communications Engineering degree from De La Salle University-Manila last October 2006. Jingel A. Tio is an Assistant Professor of Electronics and Communications Engineering at De La Salle University-Manila. She obtained her Master of Computer Science from the same university. She specializes in microprocessor-based and microcontroller-based systems design and application. Antonio S. Gonzales, Jr. is an Assistant Professor of Electronics and Communications Engineering at De La Salle University-Manila. He obtained his Master of Engineering degree in from De La Salle UniversityManila, and his BS ECE degree from University of the East. He specializes in Industrial Electronics and Instrumentation and Computer programming.

Similar Documents

Premium Essay

Inventory System

...Pamplona Tres,Las Piñas City Title: Computerized Inventory System Subject: Software Engineering Author: Bautista,Jan Royette L. Calim,Michellle Lumbang,Matt Andrew Degree: 2nd year student Date Started: January 2016 Date completed: Objective of the Study The general objective of the study is to develop a computerized inventory system that will make the owners inventory system easier and comfortable for the benefits of the company. And to identify a minimum stock level to keep detailed records with a good inventory system. Scope and Limitation The Computerized Inventory System provides a good quality system that can organize the food inventory system easier than manual of the system. The Inventory keeper of the company can handle the security of their inventory using the system provides. The system we provided is limited because it only keeps or stores the inventory record. Easily deletes the data in the system. The other limitation is that an employee might enter data incorrectly, introducing inaccurate information that can compromise decision-making. Output of the study A computerized inventory system can manage the stocks of their inventory if it is low count or a big count of food supply. The system can be also use for keeping the previous data of the food inventory. Stores the food stocks and manage inadequate and volume...

Words: 4399 - Pages: 18

Premium Essay

Inventory System

...Inventory System Background of the Study Effective inventory management is an important part of a manager’s job. Managers are tasked to make consistent, reliable, and timely decisions under the challenges of uncertainty, pressure, and lack of information. It is often that managers do not have enough time or information to make a perfect decision but they are forced to solve problems using resources within their control. Effective inventory control requires managers to ensure inventories of the right items in the correct quantities. When an organization overstocks, money is wasted since procuring, storing, and accounting for unneeded items require time, space, and money which could have been used on more critical assets. Likewise, when understocking occurs the organization will more likely to only partly meet their mission or possibly not meet the mission at all. Also, a weak inventory control system is more prone to errors and fraud. Statement of the Problem 1. How can our system generate quality use for the user? 2. Is our proposed system effective in processing needed reports? 3. How can our system guarantee the safety of the information stored? 4. How can our system reduce servile works for the staff involved in the type of field of work? Objectives of the Study This study tries to improve, introduce, and develop the use of inventory system for the ASIA GOLD CORPORATION. The system reduces work for the staff can make inputting of data at easier and faster...

Words: 321 - Pages: 2

Premium Essay

Inventory System

...[pic] Proposal of the software Inventory Control System Today’s competitive environment is forcing companies to optimize the procurement processes and inventory levels while at the same time ensure accuracy of controls and implementation Of standard procedures for the flow of materials. However, in the absence of appropriate systems and information infrastructure, companies are finding it difficult to achieve smooth and efficient Materials planning and execution due to the following information-based limitations. If these reflect your procurement and inventory management limitations as well, then Inventory Control and Valuation System by Core Solutions has the right answers to These critical problems ICVS – providing the right solutions for an efficient materials management. All-inclusive, functionality-rich software, the Inventory Control & Valuation System (ICVS) meets all the requirements for efficient management of inventories and materials procurement function Of small to large scale organizations. ICVS caters to all activities involved in the flow of materials Right from materials requirement determination, generating purchase orders to issue and receipt Of goods. The outcome is reliable maintenance of real-time records for item-wise, location-wise Stock count and its valuation. Issues in management of material flow • Unavailability of real-time and reliable record of inventories. • Manual requirement generation for materials across...

Words: 700 - Pages: 3

Premium Essay

Inventory System

...Background of the Study Effective inventory management is an important part of a manager’s job. Managers are tasked to make consistent, reliable, and timely decisions under the challenges of uncertainty, pressure, and lack of information. It is often that managers do not have enough time or information to make a perfect decision but they are forced to solve problems using resources within their control. Effective inventory control requires managers to ensure inventories of the right items in the correct quantities. When an organization overstocks, money is wasted since procuring, storing, and accounting for unneeded items require time, space, and money which could have been used on more critical assets. Likewise, when understocking occurs the organization will more likely to only partly meet their mission or possibly not meet the mission at all. Also, a weak inventory control system is more prone to errors and fraud. Statement of the Problem 1. How can our system generate quality use for the user? 2. Is our proposed system effective in processing needed reports? 3. How can our system guarantee the safety of the information stored? 4. How can our system reduce servile works for the staff involved in the type of field of work? Objectives of the Study This study tries to improve, introduce, and develop the use of inventory system for the ASIA GOLD CORPORATION. The system reduces work for the staff can make inputting of data at easier and faster generating outputs...

Words: 363 - Pages: 2

Free Essay

Inventory Systems

...Businesses and Inventory Systems Inventory Systems Inventory systems are tracking systems designed for companies to maintain an accurate accountability of products in stock or on hand. Each time items are added or removed from inventory items on hand either decrease or increase in number. This paper will review inventory systems within Starbucks, Wal- Mart, Dell, Arby’s, and Starbucks. The paper will also provide information regarding the success of the inventory systems and if the companies are happy with the current systems. Businesses and Inventory Systems Dell is a leading global software company that manufactures desktop computers, notebook computers, network servers, work stations, and storage products. Dell uses the Just-In Time inventory system. Just-In-Time means a company can receive raw materials just in time to go into production and complete and assemble manufacturing parts just in time to ship to customers (Accounting 4 Management, 2012). The advantages of the Just-In-Time system are that it permits Dell to reduce overhead and have certainty that products are available. The Just –In-Time inventory system reduces the cost of doing business. For example, Dell does not have to spend an enormous amount of funds on the cost of warehouse storage and the customer receives the benefit of lower cost for products. The company has a high satisfaction rating because of their ability to produce products at a fast rate. The challenge includes the possibility...

Words: 1202 - Pages: 5

Premium Essay

Inventory Systems

...Inventory Systems Summary With the increasing demand to cut cost and increase revenues, developing the right inventory systems have become essential to compete in business. According to the Counselors to America’s Small Business, “Control of inventory, which typically represents 45% to 90% of all expenses for business, is needed to ensure that business has the right goods on hand to avoid product shortage and meet the consumer’s needs” (Counselors to America’s Small Business, p. 1). To ensure proper business practice Team A will evaluate four inventory systems and provide advantages and disadvantaged to ensure businesses can be cost-efficient, profitable, and provide for consumer’s needs. At the end of this report, a system will be suggested to meet the above criteria. Adria System Retailers are consistently faced with the challenge of properly managing their inventory to maximize profit for the company. As the second largest retailer in the United States, Target Corporation has implemented successfully an inventory system that works well for their business. Target currently uses the RFID program, also known as the radio frequency identification program. With this program, small tags are attached to each carton or pallet of merchandise delivered to the stores. “Many regard RFID tags as the new barcode to help businesses track and trace goods through the supply chain” (2011). Once the merchandise arrives at the store, the entire carton or pallet is scanned and the inventory...

Words: 1529 - Pages: 7

Premium Essay

Inventory System

... Inventory Valuation Overview Learning Team B Zhra Ghavam, Rochelle Ingram, Chris Staphylaris, and Glorina Tukes QRB/501 31 January 2013 Instructor: David Libhart Inventory Valuation Overview The inventory a company holds often accounts for a significant portion of all assets with a direct correlation to the balance sheet. Inventory includes assets intended for sale, assets in production, and assets that will be used for future production of goods. A company’s ending inventory can be calculated by adding the value of any beginning inventory with net purchases then subtracting the cost of goods sold. The equivalent mathematical representation is: Ending Inventory = Beginning Inventory + Net Purchases - Cost of Goods Sold (Inventory valuation, 2010). While there are numerous industry recognized standards for a valuation of inventory, three of the most common valuation systems include First-In, First-Out – FIFO, Last-In, First-Out – LIFO and Just-In-Time – JIT valuation systems. First-In, First-Out Goods processed or received by an organization are placed in holding as First-In, First-Out; this inventory system is used to track product for use and revenue gained. In the FIFO inventory valuation system, assets or inventory received first are the first ones to be used...

Words: 2902 - Pages: 12

Free Essay

Inventory System

...Shop Inventory System Student No: 081835 : 082232 An Information Systems Project Proposal Submitted to the Faculty of Information Technology in partial fulfillment of the requirements for the award of a Diploma in Business Information Technology Date of Submission: 10th February, 2015 Declaration We declare that this project has not been submitted to any other University for the award of a Diploma in Business Information Technology. Student Signature: Sign: ________________________ Date: ________________________ Sign: ________________________ Date: ________________________ Supervisor’s Signature: Sign: ________________________ Date: ________________________ Abstract In today’s growing market many businesses are turning towards automated systems to perform their everyday tasks. Automated systems have proved to outdate the cost and time wasting processes that are done and completed by manually while providing most businesses with more accurate and reliable data. The system will handle the processes in a well-manner running on a specific time, reducing the overwhelming power of doing them manually taking note of the products diversity. It will allow the business to input their inventory and track products that are delivered and sold on a daily basis. At the time of arrival of new ordered stock, the goods are registered into the database...

Words: 6438 - Pages: 26

Premium Essay

System and Inventory

...customers, since they have been manageing their transactions and producing reports manually and have not manege to upgrade to a computerized system which will be a big improvement to their business operations like most successful business today. 1.2 Overview of the Current State of Technology 1.3 Project Rationale This Computerized Sales and Inventory System for (campany name)will improve their business transaction efficiency with its capability of securely compute, manage, save, back-up, restore and check critical inventory level all their business transaction information. Project Description 2.1 Problem Statement * To create a module that will always monitor the number of their products sold and stored * To create a module that will generate reports * To create a module that will maintain file in a safe storage * To create module that will store data accurately in a secure database 2.2 Proposed Research Project 2.2.1 General Problem * The company encounters problem on ordering of products. They are checking the stocks manually that can result to some confusion and inaccuracy 2.2.2 Specific Problem * The list of products information is only recorded in their logbook. 2.3 Proposed Research Project 2.3.1 General Objectives * To develop a Computerized Sales and Inventory System...

Words: 584 - Pages: 3

Premium Essay

Inventory System

...located in Pulang Lupa, Las Piňas and Marikina. The advent of new technology, most company nowadays is using computers in their transactions. Pharmacies in particular, are now making their systems computerized since that helps them minimize the time and efforts consumed by using manual system. Point-of-Sale Inventory System is one of the essential components of a successful business. It is a modern replacement for cash register in retail applications. It can help to record securely all the sales and customer’s orders and track products. A sale refers to the exchange of product or services for an amount of money or its equivalent while inventory, on the other hand, is the total amount of items and the act of counting them. A pharmacy owner must know the precise number of items in their storage areas in order to place orders and control losses up to date. Hence, computerizing both Sales and Inventory System will make an easier and faster transaction among the customers as well as monitoring the stocks of the products. Furthermore, the system also gives the person up-to-the-minute and detailed information on each item in your inventory. He/she will know exactly how much inventory comes in; is on-hand now, and where it goes. In fact, most entrepreneurs these days find that computerizing a system gives them a far wider range of information with less effort....

Words: 16309 - Pages: 66

Premium Essay

Inventory System

...complete functionality of how the inventory Updation takes place in the Inventory Management System for the products (both online and club) which are purchased from the eCommerce shopping site. Also this document will help you understand how the Inventory Management System is integrated with other applications in order to maintain the inventory level. 2. Overview of IMS: Global Inventory Management System is otherwise called as IMS. IMS is a single resource/entity where the inventory for all kinds of items is maintained/monitored. The different kinds of items available in the eCommerce shopping site are Online, Club and Auctions. The three important terms used in IMS are SUPPLY, DEMAND and AVAILABLE. These are the fields with which the inventory is monitored in IMS applications. SUPPLY – Overall Item Inventory available for purchase DEMAND – Ordered quantity by the customer for an item AVAILABLE – Item inventory available for purchase after the demand Let’s discuss more about these fields and the inventory updates in the following sections 3. Order Creation and Inventory Validation in IMS When an order is placed for an item from eCommerce application, immediately the inventory update happens in both Demand and Available fields in IMS application. When an item is added to shopping cart and on navigating to Shipping page, the item inventory is reserved for the ordered quantity in IMS. For example, let’s consider the item inventory as below before order creation. ...

Words: 1095 - Pages: 5

Premium Essay

Inventory Systems

...Inventory Systems and Calculating Revenues, Expenses, and Income Inventory Systems and Calculating Revenues, Expenses, and Income QS 5-8A Contrasting periodic and perpetual systems Identify whether each description best applies to a periodic or a perpetual inventory system. a. Provides more timely information to managers. - Perpetual b. Requires an adjusting entry to record inventory shrinkage – Perpetual c. Markedly increased in frequency and popularity in business within the past decade. - Perpetual d. Records cost of goods sold each time a sales transaction occurs. - Perpetual Cost of goods sold = (Purchases + Beginning inventory – ending inventory) Gross Profit = (Net Sales – COGS) Net Income (Gross Profit – Expenses) a.36000 + 6000 - x = 3405042000 - x = 34050-x = -7950x = 7950 | b.x + 17050 - 2700 = 15900x + 14350 = 15950x = 1600 | c.36000 - x = 3750-x = 3750 - 36000-x = -32250x = 32250 | d.32000 + 7000 - 6600 = x32400 = x | e.5600 + 2560 - x = 56008160 - x = 5600-x = -2560x = 2560 | | | x + 7500 - 9000 = 32250x - 1500 = 32250x = 33750 | x - 32400 = 45600x = 78000 | | Journalize the following merchandising transactions for CSI Systems assuming it uses (a) a periodic inventory system and (b) a perpetual inventory system. 1. On November 1, CSI Systems purchases merchandise for $1,400 on credit with terms of 2_5, n_30, FOB shipping point; invoice dated November 1. n_30, FOB shipping point; invoice dated November 1. 2. On...

Words: 310 - Pages: 2

Premium Essay

Inventory System

...Introduction An inventory system is basically a process whereby a business keeps track of the goods and material it has available. In its simplest sense it can be done manually by a count at the end of each day. In this way it is possible to keep a record of the goods coming in to the business and goods being sold. However this is only really appropriate for small businesses that do not have a lot of stock. For larger business it is more likely that a computerized system will be required. Transaction processing systems are commonly used to operate businesses. In this era, manual transactions evolved into computerized ones. Manual inventory systems turned out to be slow and inaccurate resulting to problems like running out of stocks and slow computations of product prices being bought by the customers. The degree of success of a business greatly depends upon controlling the merchandise inventory. The continuously improving and upgrading of computer usage into more powerful and useful applications has made managing business transactions a lot more efficient and easier. Today, businesses use the computer to assist in controlling and monitoring many aspects of the businesses, since manual approach in data processing could no longer meet the demands of increasing volume of transactions. Background of the Study Inventory is the term used for compiled list of goods. Inventory is important process in effective management of a business. The Company named Fast Services Corporation...

Words: 1212 - Pages: 5

Premium Essay

Inventory System

...THE BASIC INVENTORY SYSTEM The basic inventory problem that the firm is now facing is that Joan Glass is holding minimal stock on hand, evidently proving that she is working with the Lean inventory system. This system is a strategic method which is a credible and desirable system, but on the same note it poses profitable implications of the firm such that if excess stock needed at any given time there is none available due to decreases with in-process inventory levels and associated carrying costs thus causing major problems. With this problem the firm also faces the repercussions of additional costs and problems such as: drastic changes in transport costing; damaged materials; interrupted integration; long lead times; late supplies; unsatisfied customers; inability to build up strong working capital; inaccurate forecasting of present sales and future sales and cost of the firm. Joan is un-able to use other cheaper methods of transportation such as road and ship transportation, due to her taking upon multiple last minute orders, thus resulting in her using the Airfreight method. This method is preferred as its travel times are much quicker than most other transport methods given that she has limited time to supply to customer, with this advantage the major downfall of using this method is that is that it brings about a huge financial loss on the company (Moncka,et al,2009). “Look at these air freight bills! Here’s one for R955—more than the damn part is worth.”(President...

Words: 703 - Pages: 3

Free Essay

Inventory System

...4 local Studies: 1. Facility Inventory System Introduction: Nowadays, companies becoming more competent as time pass. Anytime from now a new strategy, technology and discoveries may come up just for them to gain much profit. The problem that will be encountered is the maintenance for the system and the consistency of it to be used for a long time. We will be using a Structured system analysis and design for our methodology. We will also use Microsoft Visual Basic 6.0 as our programming language. 2. Online Sales and Inventory System of ACME Hardware Introduction: From the very earliest moments in the modern history of thecomputer, the people and the business world have witnessed theproliferation of computer system that obliges to meet the goal of Information technology. This problems are commonly encountered on the current Salesand Inventory System of Tacloban ACME Hardware? What must be proposed to make it happen? What are the input needed to develop this type of program. We will be using Microsoft Visual Basic 6.0 develop our program and we will be using Structured System Analysis And Design for our Methodology. 3. COMPUTERIZED MANAGEMENT AND MONITORING SYSTEM FOR MONTEJO NEWSPAPER SUPPLY AND MAGAZINE DISTRIBUTOR Introduction: The used of manual processes in business has decline since the rise of computerized and automated systems. And in fact, nowadays, the use of computer-based business system has become prevalent all throughout the developed...

Words: 282 - Pages: 2