Inventory System
1.0 INTRODUCTION
1.1 Background of the Study
Inventory is basically the total amount of goods and materials held in stock by a factory, store and other business. An inventory system is 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. The same case applies in Kuya’s Lumpiang Sariwa and as a result, the inventory system becomes prone to human error and would be more time consuming and security is also being risked.
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. 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. 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.
1.2 Statement of the Problem
1.2.1General Problem The inefficient rate of manually mandating a system or accessing manual inventory system is widely known due to the time consumed of manually recording of the transactions being done, security of data is at risk, and inaccuracy of data. The authors considered the problems encountered in using manual inventory system.
Automated Inventory System|
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1.2.2 Specific Problems
1. Time Consuming The inventory of materials is done manually in such a way that employee writes down the details of different materials every time a transaction is being done. These results, taking too much time.
2. Data Loss It defines to the
1.1 Background of the Study
Inventory is basically the total amount of goods and materials held in stock by a factory, store and other business. An inventory system is 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. The same case applies in Kuya’s Lumpiang Sariwa and as a result, the inventory system becomes prone to human error and would be more time consuming and security is also being risked.
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. 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. 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.
1.2 Statement of the Problem
1.2.1General Problem The inefficient rate of manually mandating a system or accessing manual inventory system is widely known due to the time consumed of manually recording of the transactions being done, security of data is at risk, and inaccuracy of data. The authors considered the problems encountered in using manual inventory system.
Automated Inventory System|
1
1.2.2 Specific Problems
1. Time Consuming The inventory of materials is done manually in such a way that employee writes down the details of different materials every time a transaction is being done. These results, taking too much time.
2. Data Loss It defines to the
Bibliography: 1.] N. N. Nagarur, T. Hu and N. K. Baid, “ A computer-based inventory management for spare parts” in Industrial Managemnt & Data Systems, vol. 94, 1994, pp. 22-28. World Academy of Science, Engineering and Technology 59 2009 271 SHAZIA ARSHAD, MUHAMAMD SHOAIB AND MUHAMMAD SAJJAD KHAN, Computerized Inventory System – Program Development and Execution, INTERNATIONAL JOURNAL OF AGRICULTURE & BIOLOGY 1560– 8530/2000/02–1-2–55–58 Zarina Ira V. Bernabe, Monchie C. Dela Cruz, Karen K. Jao, Automated Inventory System Using Portable Data Acquisition Module for Bell Electronics Corporation, DLSU Engineering e-Journal Vol. 1 No. 1, March 2007, pp. 138-150 Ling Shi Cai, Leau Yu Beng, Charlie Albert Lasuin, Tan Soo Fun, Chin Pei Yee, Multifunctional Barcode Inventory System for Retailing, World Academy of Science, Engineering and Technology 59 2009 2.] 3.] 4.] Automated Inventory System| 21