...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...
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...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...
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...[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...
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...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...
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...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...
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...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...
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...would like to upgrade to an automated system that is on the low end of the expensive level. Being that I have technological skills and experience within the field, I agreed to help her purchase and installed a low budget automated inventory management system. I also took the time to explain to her how the system works. Inventory management is a database of hardware and software based tools that automate the process of tracking inventory. The kinds of inventory tracked with an inventory control system can include almost any type of quantifiable good, including food, clothing, books, equipment, and any other item that consumers, retailers, or wholesalers may purchase (inventory control system). This automated system is able to track merchandise, while altering when inventory is low, seasonal demands change, and communicating with suppliers in real-time. In addition the system can reduce the cost and time-consuming processes that were once completed by her manually, while providing her business with more accurate data. In addition, the system helps save time, keep a balanced inventory, and tracks inventory stock efficiently (Loackard). In order to establish an inventory management system there are necessary equipment that must be purchased. Due to the low availability of monetary funds, I would purchase the following; one laptop, wireless router, barcode scanner, barcode printer, barcode software, a printer, Internet service, and inventory software. An extra hard drive for backup/recovery...
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...Inventory Management Systems Inventory Management Systems Background: The client, my sister, owns a small clothing store. The store is not web-based; its customers are locals. There are three employees, a computer with Windows 7 Professional operating system, internet access, cash drawer and an inventory of over two hundreds clothing in stock. Client has been manually performing inventory and was frustrated at having to manually track and reorder high demand items. Objectives: To develop an inventory management system that will automatically perform inventory and track high demand items. Client’s budget is $3000 and at the moment she does not have any plan for expansion to internet commerce. There are five key components in information system: hardware, software, data, processes and personnel (Shelly & Rosenblatt, 2012). Hardware includes computer, monitor, printer, modem, cables, cash drawer, scanner, barcode maker, and barcode label. For a small budget I would not recommend networking, however, if future expansion is planned then it is better to set up network as soon as possible. Computer will be the central storage for data and software used for the system. Monitor, printer, modem and cables are input/output devices for the computer. Scanner or scanners are necessary for performing inventory which is automatically entered to the computer. Barcode maker and barcode label are for the clothing items. Software will include an operating system such as...
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...on computerized inventory management systems. Automated systems can replace the cost and time consuming processes that were once completed by hand while providing companies with more accurate data. Inventory control is important to ensure control in businesses that handle transactions revolving around consumer goods. Without proper inventory control, a store may run out of stock on an important item. A good inventory control system will alert the retailer when it is time to reorder (www.barcodesinc.com). It will also aid in the prevention of theft and product loss. Overall, a good inventory system will increase the value of your business, satisfy your customers and create more freedom in your life. In this paper, I will describe all the necessary equipment for a low-cost automated inventory system for a small clothing store. I will also explain the costs involved in the creation of the system, describe the ongoing maintenance that will be required and provide a workflow diagram to illustrate how the system will work. An inventory control system that I feel best provides the need of a small clothing store consists of a PC (laptop), backup/recovery and archive device, wireless router, inventory control software, mobile scanning device, and barcode printer. The system shall provide versatility and reliable performance application demands. This system will make tracking inventory simple and intuitive. This system will allow for flexibility to scan and track inventory away from the...
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...Inventory Management Systems Inventory Management Systems In the past inventories where done manually. An innovative business owner today will use an automated system to keep track of their inventory. This system would keep track of the products that support the business mission. “Before the Industrial Revolution, merchants basically had to write down all of the products they sold every day (Inventory Systems Blog, R. Lockard, 2012).” Automated inventory management systems would be advantageous to both the business owner and their customers. For the business the products can be monitored for their types, quantity, price, availability, cost, and trends. For the customer, reliability of the business to provide the latest trends, stock on hand, and price. In order to help my sister in creating an automated inventory system, converting from her manual inventory to an automated system on a small budget, would be to create a plan to identify what is needed. “Cost justification is the process of determining the return on a productivity investment. The savings are measured and evaluated relative to the cost of the system, in present value terms (Systems ID Warehouse, 2006).” The first would be to identify all aspects of the project for instance creating a list of the equipment, maintenance, and cost. Below is a spreadsheet identifying each item by name, cost, quantity, and total. Project Estimated Cost | | | | | | | Hardware | Item Name | Cost | Quantity...
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...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...
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...Inventory Management Systems Sean Reynolds Ali Shaykhian, Ph,D CIS 210 10/20/12 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 in a timelier manner and also be more accurate and reliable than ever before. Since I would have had this conversation with a family member at dinner time I would more than likely have to have a further conversation later about what they would want as far as a system is concerned and what the budget was since there are a few ideas that come to mind about systems like that. I would have to ask them what they want to achieve with having the automated inventory system. I would also have to figure out what their budget is for it as there are different levels of systems depending on the budget of the company. The budget would have to include buying the system itself as well as the maintenance of the system. One of the things that would be needed in the inventory management system...
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...Management Systems 1 Inventory Management Systems An inventory control system is a set of hardware and software based tools that automate the process of tracking goods. The type of inventory tracked with an inventory control system may include almost any type of calculable good to include food, clothing, books, equipment, and any other item that consumers, retailers, or wholesalers may purchase. Modern-day inventory control systems are practically completely based on barcode technology. Regardless of technology, all inventory systems require some element of visual inventory management. The use of bar codes, point of sale or stub control all requires manual verification periodically. As an owner of a small clothing store it is important to use an inventory system for the success and growth of the business. Inventory systems serve multiple purposes and have many functions. The systems’ primary function is to assist in promoting sales by tracking available good and materials by providing sufficient availability of products for customers. In addition, establishing the value of the products on the shelf will enable the owner to monitor the number of goods at a specific period of time which will assist in maximizing profits and minimize losses. The Small Business Administration suggests all inventory systems strive to strike a balance between managing costs and the business advantages of a broad selection of good to offer to customers. Management Systems...
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...For an automated system she will need various types of equipment that will fit her daily needs. It will also provide her with the ease of tracking certain pertinent information needed for her merchandise. This could assist her in accessing the information in a quick and efficient manner with the use of computers. Therefore, the first piece of equipment that will be necessary for her to complete her inventory tasks is a computer. She could use this to keep track of all the information. The information that will be needed stored in a computer where it can be assessed anytime it is needed in real time. Using this automated system could help with most of the daily tasks that were completed manually. This also may decrease the chances of errors and may be more accurate and reliable. The product sales can be analyzed in real time and that’s important especially in the retail environment. She has to be sure what items are selling and which items aren’t. Doing inventory manually usually only occurs certain time through the year. Companies usually have to extend their hours to make sure they complete this task. This can leave openings for over and under stocking. With the automated software they can make more accurate sales predictions for the future. The software is also available to tell you when a specific item needs to be ordered again. There are also many inventory software that would send the order to the supplier once a item reaches it lowest point. They will be able to detect...
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...DESIGNING AN INVENTORY SYSTEM WEEK 2 – ASSIGNMENT 1 INVENTORY MANAGEMENT SYSTEMS Designing an effective inventory system for a small business can have a rewarding effect on a business with proper planning and implementation to provide employees and management a way to manage inventory. Having a proper plan in place it will save the company money, time, and provide a balances way of having stock available for customer. Assigning product code numbers on clothing merchandise upon delivery from vendors allow the item to be accounted for and to re-ordered the item and ensure that it will always be in stock and not create overstock that hurts company profit. Not meeting customer demands for a product by not keeping it in stock lessens the chance of repeat customers. There are a few disadvantages to having an automated inventory system such as human error due to inventory not being logged properly, software issues such as power outages, and software errors. Viruses and hacking can be an issue as well. Providing a backup of the inventory is a great way to ensure no total loss of inventory information. Policy and Procedures will need to be developed for employees and management to ensure everyone is being consistent with documenting inventory and to reduce errors. A case study done on the Herman Goelitz Candy Co. showed the difference having an automated inventory system had on the operations of the company. By utilizing this time of inventory control it gave them greater control...
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