...Chapter 1 1.1 Introduction Sales inventory systems are often standardised i.e. A business will adopt a general model for their own use. This means that they are able to track sales of a product and match it against their existing inventory to regulate how much stock they keep to hand and how much it costs them to do so. Obviously this is necessary for any business in order to run efficiently. Sales and Inventory Control is an inventory tracking system that gives you up-to-the-minute detailed information on each item in your inventory. You'll know exactly how much inventory comes in, how much is on-hand now, and where it goes. While manual methods may have their place, most entrepreneurs these days find that computerizing gives them a far wider range of information with far less effort. Sales and inventory programs now on the market let you track usage, monitor changes in unit costs, calculate when you need to reorder, and analyze inventory levels on an item-by-item basis. Indeed, automation process or electronic-based operations have invaded every work place. It is being employed into operational activities to be able to simplify all related activities and operations. Every business owner wants to know which product sells the most, which customer’s or client’s buys frequently, how much inventory is on hand, and what method is preferred by customer when paying and how much did they actually sell on a particular day. The sales and Inventory system is software that manages incoming...
Words: 956 - Pages: 4
...Every business owner wants to know which product sells the most, which customer(s) or client(s) buys frequently, how much inventory is on hand, and what method is preferred by customer when paying and how much did they actually sell on a particular day. The sales and Inventory system issoftware that manages incoming and outgoing stocks, sales, quotations and inventory report etc. The system features point of sales, tracking of employees’ payables and other company’s features. The automation process has also extended more in various companies since expansion of transactions in every company’s branches have been maximizing too. This has been the concern of the study to initiate something beneficial to a company. The study intends to develop a sales and inventory system for the company of Dwinar Computer Center. The purpose of having Sales and Inventory System is to process the tracking inventory products as well as the sales transactions. This support updating information for all items, monitoring inventory depletion and importing and exporting inventory information to form and from external system of records. It does almost every work which is related to an automatic sales and inventory via sales transactions and it is automatically directly to an inventory products. It generates reports in a particular given situation. The Sales and Inventory System is developed as per seeing the increasing requirement to speed up the work and incorporate a new work culture. Thus new software...
Words: 3062 - Pages: 13
...Champ’s Sales and Inventory System A Project Presented to the Faculty of College St Michael’s College Iligan City In partial fulfillment of the Requirements For Software Engineering By: Albritz B. Centural March 2016 Chapter 1 THE PROBLEM AND ITS SETTING 1.1 Introduction Nowadays all establishment are becoming modernized, they use modern technologies to make their transaction fast, easy, and accurate in order to avoid waste of time and for the sake of safety and security. It also helps human to solve and understand complex problem and analysis such us the computational need of humans. Especially to business establishment or corporation processing enormous data and complex transaction. The system is designed for the enhancement of the current Champs sales and inventory system. It includes the features that can add products, Stock reports, Inventory and the Sales of the store. With this, the researcher wants to propose Champ’s Convinience store sales and inventory System. With the proposed system the Store will have a system capable of there Sales and inventory of their products. 1.2 Statement of the Problem This study seeks to give essential solution to the following problems: * 1.3 Objective of the Study The objectives of the study are the following: 1) 1.4 Scope and limitations of the Study Scope Limitation * Only the admin can add the products. 1.5 Significance of the Study Employees. This study can...
Words: 837 - Pages: 4
...SYSTEM SELECTION Proper heating and cooling system selection takes into consideration fuel sources (e.g., natural gas and electricity), distribution mechanisms (e.g., air and hydronic), equipment options (e.g., furnace and heat pump), and equipment efficiency. Perform a life-cycle analysis of various properly sized HVAC options to select a cost-effective system. Cost considerations include equipment and installation prices, annual heating and cooling expenses, and maintenance costs. Although more difficult to evaluate, equipment reliability, longevity, warranty coverage, and safety are also important. For example, the heating fuel source directly impacts operating costs. Also, high-efficiency heating equipment often costs more than standard-efficiency models, but it costs less to run. So the life-cycle cost—rather than initial purchase price—may make high-efficiency equipment or one fuel rather than another the economical choice. Some HVAC contractors and local utilities provide life-cycle analysis of various equipment options. A summary of many easy-to-use software products for estimating annual heating and cooling costs is compiled by DOE’s BTS (www.eren.doe.gov/buildings) WHY SIZING IS IMPORTANT A common mistake in the heating, ventilation, and air conditioning (HVAC) industry is to oversize heating and cooling equipment, especially air conditioners and heat pumps. Bigger does not always mean better. Overcapacity equipment has a higher initial...
Words: 333 - Pages: 2
...CRITICAL ANALYSIS ON POETRY I. TITLE: A POISON TREE II. AUTHROR: William Blake III. BRIEF BACKGROUND OF THE AUTHOR Born November 28, 1757 – London, England Died August 12, 1827 - London, England • Early years – Began his artistic career at 10 years old when his father sent him to the best drawing school in England – Apprenticed to an engraver at 14 • Adult life – Always worked as an engraver and professional artist – Was very poor, especially later in life – Always felt rich in spirit IV. FIGURATIVE LANGUAGE A Poison Tree BY WILLIAM BLAKE I was angry with my friend; I told my wrath, my wrath did end. I was angry with my foe: I told it not, my wrath did grow. And I watered it in fears, Night & morning with my tears: And I sunned it with smiles, And with soft deceitful wiles. HYPERBOLE And it grew both day and night. Till it bore an apple bright. And my foe beheld it shine, And he knew that it was mine. PERSONIFICATION HYPERBOLE/Symbolizes Sin/Wrath And into my garden stole, When the night had veiled the pole; In the morning glad I see; My foe outstretched beneath the tree. V. Symbolizes of Innocence Symbolizes Anger Symbolizes Experience PERSONIFICATION Allusion of Garden of Eden PERSONIFICATION METAPHOR METAPHOR MESSAGE STANZA 1: I was angry with my friend; I told my wrath, my wrath did end. I was angry with my foe: I told it not, my wrath did grow As stated in the first line, the persona said that if he is mad to his friend he will tell it and he will...
Words: 713 - Pages: 3
...Chapter I Background of the study An automated system nowadays is becoming prominent for a business that needs accurate, efficient and reliable results. Today, many businesses are engaging to automated systems, its manual setup can be applied automatically through computer. By using a computer, a business can perform its transaction in a less amount of time. Having a way to organize transactions by the use of automated system is an asset. Especially when you apply the automation to the most commonly used transaction, Sales and Inventory System. Inventory is a list of goods and raw materials that is needed for the everyday production of a business which is held available in stock. Updating the records of the stocks in a business plays an important part for the organization of business functions. Manual application of transaction can bring interruption, thus, the Automated Sales and Inventory System is considered as the best solution to this problem. A business owner can franchise more than one line of franchise, Mrs. Teresa has a group of franchised business which she named, R and E food station. Her business started last February 2014 and successfully opened 2 branches in 3 months. Since then, they record their daily sales and inventory manually by the use of record book and Microsoft excel. It starts from counting and checking their previous available stocks individually, computer for the total used stocks, record it in a record book and update the whole record in Microsoft...
Words: 927 - Pages: 4
...for the Choice of the Study: The proponents chose to generate an Automated Sales and Inventory System Utilizing Barcode Technology for the *name of company Whey King* to set their time and effort at ease as this system will be able to eliminate the hassle of entering data manually. With the help of the barcode technology, the proponents aim to eliminate the possibility of human error with the companies’ processes. The occurrence of manually entered information should become lesser with the use of the proposed system. A barcode scan is swift and consistent, and takes lesser time than the manual entry of data. The Proposed system will also be able to save employee’s training time for it only takes a few minutes to be familiarized with the handheld scanner. Furthermore, the system ought to make the employee training less expensive since they do not have to be paid extra for spending hours on training, and another employee does not have to be compensated for training them. Importance of the Study: The Proponents believe that the company will be able to operate more efficiently when all of its processes are conducted in a consistent and accurate manner whether it is done manually or automatically. The proposed system does not only provide accurate report but also provides a breeze on preparation of financial statements for the company. It gives an excellent summary of the company’s expenses, sales, losses and profits that are essential in reporting taxes and other tracking...
Words: 434 - Pages: 2
...Studies Computerized sales and inventory systems help manage products and ensure that transactions are completed correctly. These tools track products and provide ongoing inventory controls that reduce shrinkage. Use of these resources makes retail activities much easier and efficient. Using computerized sales and inventory systems allows for much greater accuracy in stocking and product management. They encourage ease of interaction between employees and shoppers as transactions are processed and items move from the business to the consumer. Computerized sales help provide better insight into which products are most popular. It also allows for enhanced marketing, stocking and oversight of critical sales objectives. Computerized sales and inventory systems save time for businesses by speeding up transactions while raising accuracy. This allows for confidence in accounting and accountability among employees as it is easy to verify how much money is in a till and what time transactions took place. They also allow for consistent experiences in terms of customer service. People know there is always a uniform interaction at the register that requires tendering payment, taking a receipt and transition of ownership of products and services. This generates confidence in a business and ensures ongoing consumer relationships. Computerized systems are the most common method of inventory control and sales processing in retail markets. Description of the Existing System This part describes...
Words: 1374 - Pages: 6
...turning toward automated systems to perform their everyday tasks. Automated systems can replace the cost and time consuming processes that were once completed by hand while providing companies with more accurate data. One automated system that is becoming more popular is the automated inventory system. This system is used to track the merchandise and goods of retail stores, grocery stores, hardware stores, etc. In this paper I will discuss the background of automated inventory systems, including what they are, how they work and what type of data and information that they provide for businesses. I will also give some examples of companies that have automated inventory systems and how they have changed their business. I will provide the advantages and disadvantages of automated inventory systems and the affect they can have on a businesses’ growth and competitive edge. Automated inventory systems play a large role in today’s businesses, especially the retail industry. This is because businesses want the ability to access and organize data in a quick and efficient manner. With an automated inventory system, businesses can rely on computers to do tasks that were once performed manually, such as inventory checks and product sales. These tasks can be very overwhelming for businesses to do manually because of their size, number of stores, and their product diversity. This can all be changed, though. With automated inventory systems these processes can be handled...
Words: 2288 - Pages: 10
...CHAPTER I INTRODUCTION Many companies are using inventory systems for their success and growth. Inventory systems have a variety of functions purposes in businesses. Promoting the sales and shrinkage control are two main functions of inventory system. Promoting the sales function deals with availability of sufficient products for the customers whereas shrinkage control function deals with monitoring the occurrence of damage loss, or theft, etc. of the products. Another very important function of inventory control systems is asset valuation; that establishing the value of the products on the shelf for tax purposes at the end of the tax year. According to the Small Business Administration, all inventory systems strive to strike a balance between managing costs and the business advantages of a broad selection of goods to offer to customers. All inventory systems, regardless of technology, require some element of visual inventory management. The proposed system is a combination of an Inventory System for the King Dnarmsa Spirulina Int. The benefits of this system definitely outweigh any negative side effects the system may have. Inventory Systems also help businesses out because they help the specified site with the upkeep of their inventory and all their sales. This is beneficial to the business because doing things manually is very hustle. Inventory control requires the tracking of all parts and materials purchased, products processed, and products stored and ready for shipment...
Words: 1437 - Pages: 6
...Existing System's Inventory Process The current inventory management process at Mo's Boots begins with the stock manager. Each week the stock manager will visually inspect the inventory on hand. Based off an ad hoc cyclic inventory count he/she will create and submit a purchase order that is to be sent to the supplier for fulfillment. Once the supplier receives the purchase order they will ship the required stock to the store's receiving department. It is here that the stock manager will review the items on the truck and compare them to the truck bill that is shipped along with the supplies. Assuming that all the supplies on the truck match the items listed on the truck bill, the stock manager will manually load the incoming inventory into Mo's QuickBooks Point of Sale system based on the items barcode number. Also, it is at this time that the stock manager will release the funds and pay the supplier for the received inventory. Next in this process is the actual sale of products to the customers. A given customer will come into the store and make their selections. Once the customer has decided on what products to purchase then a request for sale will be made with the sales clerk. The sales clerk will scan each item's barcode to retrieve the sales data that has been stored into the POS system currently in place. Once the transaction is complete the inventory that was purchased will then be removed from the inventory stored on the POS system. If a customer were to decided that...
Words: 1267 - Pages: 6
...18, 2011 at 10:56pm Foreign And Local Literature About Sales And Inventory System AMA EDUCATION SYSTEM LUCENA CAMPUS LC Pc Net Sales and Inventory System A Case Study Presented To The Dean and Faculty Of Department of Computer Studies Background of the Study Technology has taken a big leap forward in 21st century, with computer programs, electronics upgrading by the month & even by the day. Technology has influenced & greatly simplified almost in every aspect of a student’s life today. It is amazing what technology has done to our society and how dependent we have become on it. Having computers in the workplace has enable the business to our more efficiently and has contributed in having on all around Is this Essay helpful? Join OPPapers to read more and access more than 350,000 just like it! GET BETTER GRADES better businesses, using computers cut down our work time, we don’t have to write everything out by hands or type out on typewriters. This increase in usage of computer proves that computers have affected every aspect of our lives and have become one of the necessities. Many developers have contributed to such an advancement and widespread of computer technology. Nowadays there are so many companies using technical system to improve the quality of service of their company, but there are some companies still using manual computing for their product inventory like LC Pc Net Sales & Services. LC Pc Net Sales & Services is owned by Mr. Leo Boongaling. It is established...
Words: 2006 - Pages: 9
...CHAPTER 6 Inventory Costing ASSIGNMENT CLASSIFICATION TABLE | | |Brief | |Problems |Problems | |Study Objectives |Questions |Exercises |Exercises |Set A |Set B | |1. Describe the steps in determining inventory|1, 2, 3, 4 |1, 2 | 1 | 1 | 1 | |quantities. | | | | | | |Prepare the entries for purchases and sales of |6, 8 | 3 | 2, 10 |2, 8, *9 |2, 8, *9 | |inventory under a periodic inventory system. | | | | | | |3. Determine the cost of goods sold under a | 5, 7, 8 |4, 5 | 3, 4 | 2 | 2 | |periodic inventory system. | | | | | | |4. Identify the unique features of the income |9 | 5, 6 | 5 | 2, 3 | 2, 3 | |statement for a...
Words: 3751 - Pages: 16
...practice which contributes to the sale of products to a retail consumer. at a retail in-store level, merchandising refers to the variety of products available for sale and the display of those products in such a way that it stimulates interest and entices customers to make a purchase. Business that sell a product are called merchandiser. The operating cycle of merchandiser: it begins when the company purchases inventory from a vendor and the company sells the inventory to the customer. Finally the company collects cash from customers. Objectives of merchandising operations Account for the sale of inventory Use sales and gross profit to evaluate a company Adjust and close the accounts of a merchandising business Prepare a merchandiser’s financial statements Use gross profit percentage and inventory turnover to evaluate a business Accounting inventory Merchandising companies use several accounts that service companies do not use. The balance sheet includes an additional current asset called merchandise inventory, or simply inventory, which records the cost of merchandise held for resale. On balance sheets, the inventory account usually appears just below accounts receivable because inventory is less liquid than accounts receivable. Merchandising companies also have several specific income statement accounts designed to provide detailed information about revenues and expenses associated with salable merchandise. Recording sales Sales invoices are source documents that...
Words: 1689 - Pages: 7
...Inventory Management System for small business Jim Shrestha Washington Adventist University, Takoma Park, Silver Spring, MD Abstract In this paper, I tried to illustrate the importance of inventory management system for small business. The term small business denotes to all those business which is family or person owned and donot have maximum revenue. This paper explains the idea, how to set up new inventory management system with minimal budget. As my paper focuses more on small business, I explain very common and effortless way of setting up new inventory management system. Most of the informations are extracted from different inventory management supplier’s official websites. With these information and some visual figures, I anticipate everyone can understand how setting up new inventory management system in their business can be more economical and time saving. Inventory Management System Inventory management system is the key term to the modern business era. Without a proper inventory management tools, a business cannot perform in it’s fullest. Simply it is the automated management method of business inventory where every purchase and sale are listed in an organised fashion. The systems ensure customers always have enough of what they want and balance that goal against a retailer's financial need to maintain as little stock as possible. Because mismanaged inventory leads to disappointed customers. That’s why this inventory management system has become...
Words: 988 - Pages: 4