REVIEW OF RELATED STUDIES AND LITERATURE

We will write a custom essay sample
on About daily sales and inventory system or any similar
topic specifically for you

Hire Writer

By conducting a research of some related studies and literature, it enables the researchers to understand the conducted study. The survey and investigation of the past studies is essential to the researchers to for it to give ideas and also as guide. Also some related studies are intended to seek the solution to the problem and make them better by the used of proponent.

Foreign Literature

[1]According to the Right Pharmacy Management System, the key benefits of the pharmacy management system-automating processes, streamlining workflow and thereby enhancing the customer base-are attracting enough to draw retail pharmacy chains competing in a world of growing challenges. However, the choices are tough with a handful of products and the high cost of customized solutions. This Infosys paper outlines some ideas on selecting the right option.

[2] “Inventory”, to many small business owners is one of the more visible and tangible aspects of doing business. Raw materials, goods in process and finished goods all represent various forms of inventory. Each type represents money tied up until the inventory leaves the company as purchased products. Likewise, merchandise stocks in a retail store contribute to profits only when their sale puts money into the cash register.

In a literal sense, inventory refers to stocks of anything necessary to do business. These stocks represent a large portion of the business investment and must be well managed in order to maximize profits. In fact, many small businesses cannot absorb the types of losses arising from poor inventory management. Unless inventories are controlled, they are unreliable, inefficient and costly. Successful inventory management involves balancing the costs of inventory with the benefits of inventory. Many small business owners fail to appreciate fully the true costs of carrying inventory, which include not only…

See More on

Related Posts

Tiffany from New York Essays

Hi there, would you like to get such a paper? How about receiving a customized one? Check it out https://goo.gl/MdQVRT