In an aim for an efficient & well-managed inventory management system necessities as today’s society the production of a store billing & management system that functions as an easy to check stocks & make a reservation of a costumers in what transaction needed of the costumer. They need to have an efficiently inventory management system makes it necessary considering that the same time is business in the making. This inventory management system helps you increase revenue because it saves processing time & help to provide better management for checking stocks and stock prices.
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It can be used to manage daily transactions of a store, which includes billing, check stocks in/out and a complete accounting module. Aside from security concerns, it is also our obligation to give our customers an efficient & well-accounted break down of what is due to the management in a specified period of time, thereby, installing an atmosphere of fairness. With the advent of today’s technological advancement, the same will be easy & realizable.
In an epic of today’s technological advancement, it thus necessities to symbiotically needing the help of this technological advancement to be able to effectively manage the said store billing purposely to ensure profit & realized return revenue of the capital invested. Therefore, we are motivated to conduct a system study regarding their inventory due to the fact that during inventory, they have encountered a very time consuming transaction and processing of products. Products inventory have been made every week but personnel can’t finish the inventory directly because of manual processing. Theoretical/Conceptual Framework
Statement of the Problem The work was aimed towards giving a state-of-the art introduction to synthetic instrument technology; also in order to provide the work an introductory nature. This system was developed by having seen and observed the importance of time in our daily lives and activities. For this reason, saving time is essential to us. In fact, making inventory works is a hard thing and it takes time consuming and exertion of effort especially to the big companies. In view to this, problems arise suchas follows: Manual listing of stocks what is left. Manual issuing of receipts. Manual pricing of items.
Page 2 Sales and inventory system Essay
No proper back-up of files. Objectives of the Study To come up with the new method of Inventory managing system that helps you increase revenue that saves processing time and help toprovide better management for stocks. Inventory Management software is the modern solution which has whole range of integrated modules to cover every function of store management. To make the operations more easier To make the logs and records can be easily stored in a digital form without any hassles and otherwise necessary paperwork. To make store tasks and jobs, inventory services can be controlled and monitored by a single system.
Significance of the study This research program sought to reliable, & creates a system/coded program inherent therein that will be used in conceptualizing inventory management system. Further, the herein research project is beneficial to the following persons, as follows: The Entrepreneur. The said coded project helps in providing new avenue of business venturing that will be ensured return of investment. The Researchers. The said research helps the researcher to adapt & used of the known techniques of programming in order to bring about the best of them. The Client.
The clients doesn’t need to wait for the product they bought, they the most efficient way in buying. Scope and Delimitation of the Study We focus on stocks in/out and pricing system. Making all transactions of the store is operated in computer. This system work particularly focuses on record keeping of Stock In/Out, daily and monthly report for the sales, order, delivery, and return order, and more specific on the following: Record keeping of person who made a transaction and information consisting of Name, Stocks in/out, Payment, and prepared: Pricing -Pricing of specified items. Stocks
Checks the availability of the item. Update stocks automatically. Reports checks the daily, monthly record checks the sales orders, delivery and return order Operational Definition of Terms Chapter 2 REVIEW OF LITERATURE AND STUDIES Literature A significant amount of literature is available on inventory systems. A majority of the findings are derived from experiences in the US, Japan and Western Europe. Some inventory systems however, can be affected by variations in local conditions such as infrastructure, customs, duties, and regulations. Hence, it is essential to view such systems in an international context.
To frame this research, we will examine the literature on operations in NIC countries followed by an analysis of local conditions in Thailand. A number of articles are available that examine the inventory setups in Singapore, Hong Kong, and Korea (Amsden, 1989). For example, Cheng (1988) and Hum and Ng (1995) examine the workings of Just In Time (JIT) systems in Hong Kong and Singapore, respectively. Other studies related to inventory management include facility location decisions (Sisodia, 1992; Nambiar, fielders, and Van Wassenhove, L. N, 1989; Mathews,1997) and distributed systems.
These studies indicate that Thailand is not as industrialized as the other NIC countries such as Singapore, and infrastructure shortcomings play an important role. Next, we will examine the literature on the quality of infrastructure in Thailand. Infrastructure affects both the productivity and effectiveness of manufacturing companies. It has a direct impact on the distribution of raw materials, parts, and finished goods to customers. The few studies focused on Thailand have primarily addressed infrastructural problems in Thailand (Chalamwong, Chalongphob and Wattanalee, 1994; Chalamwong, 1993).
In identifying the infrastructure-related problems, Yukio (1990) calls for the Thai government to pay closer attention to transportation systems in their effort to attract more Japanese and foreign investment. Sibunruang (1986) also points to infrastructural constraints having a bearing on the development of the Thai economy. The present government, however, does realizes the importance of infrastructure for the country’s overall economy. In its efforts to improve infrastructure, the Thai government has privatized telecommunication service and has started seeking help from private local and foreign companies to cope with the road shortage.
The government has also approved a number of projects for the construction of highways in and around Bangkok. Furthermore, the airports in Thailand are now better managed. Although infrastructure remains a problem, there is a substantial pool of investors looking to open shop in Thailand. Information on production and inventory management practices in Thailand can help managers better understand and identify approaches that might be suitable for their companies’ operations in that country. As noted earlier, no research on inventory management in Thailand has been undertaken and reported in the literature.
The next section presents the methodology used in examining the types of inventory systems employed by foreign companies in Thailand. Chapter 3 RESEARCH METHODOLOGY Setting of the Study In conducting this system design & eventual implementation, the researchers uses requirement analysis of system designing & eventual engineering. Requirement analysis method in programming especially the inventory system is accumulated data gathered from the data gathering phase in order to provide fundamental requirements analysis principles by creating hierarchical representation of system.
Further, said method demands for a careful consideration of software as they will provide foundation for the design & implementation of the proposed system. Research Design and Procedure of the Study The researcher at first looked for a perspective client for their system study. They have chosen the CBG Cyberlynx and Marketing at Dipolog City and as permission from the manager. Through the consent and supervision of the manager, the researchers were able to conduct a system study out from the said establishment.
Upon the consent, a letter request signed by the adviser, and the Dean of the College of Technology was sent to the manager of the CBG Cyberlynx and Marketing. When the letter was approved by the manager, interviews were conducted and questionnaires were administered to know the flow of their transactions and the way the processed it. The researchers then prepared for the research adviser to critic and approval if it was ready for proposal and face to panellist. Data Gathering ProcedureSee More on Costs