M & R Security Inc.: Inventory Management
Project 1 Virtual Presentation-ECOM15616
Company: M&R Security Inc.
Business Process: Inventory Management
EDWARD ROCHA-MARTINEZ (ROCHAMAE)
GULSHANVIR SINGH KHAIRA(KHAIRGUL)
SARABJIT SINGH (SING2932)
RAJVINDER KAUR KANG (KANGRAJV)
JASKARAN SINGH GILL (GILL326)
April 13, 2015
Carlene Blackwood,
Monday: 10-12PM
Company Introduction
M&R Security Inc. was created in October of 2014 by Cristhian Martinez and Amy Raad-Martinez.
They provide the following services:
Automation
Monitoring
Alarm
CCTV
Systems
Systems
Access
Control
Audio/Video
Telecommunications
Network
Wire
& Cabling
Structured
Cabling
They are located in Brampton, ON.
For our project we interviewed the founder and director of operations, …show more content…
Amy Raad-Martinez
Chosen Business Process:
Inventory
Inventory is the process of collecting an accurate number of products and/or parts that a business has in its possession.
It is done manually in most cases to avoid any mistakes and depending on the size of the company and how many products it offers, it can take anywhere from a few hours to a few days.
After the numbers are collected, they are later input into a system, most likely a spreadsheet and stored in a computer HDD or database.
This process makes it easier to identify the number of a certain product or part your company has.
It is especially useful when working on a new job because before you order any new parts or products you can check your inventory to see if you have that particular good you need.
Q. What is the objective of the business process?
The objective of doing inventory management is to collect accurate information about the number of products and parts our company possesses
It helps to allocate the inventory that needs to be purchased by looking at the past copy of the inventory.
Q. What parts of the business process are managed by technology?
After all of the items are put into the excel worksheet, it sorts out and finds any duplicates and such.
Printing copies of the inventory records when needed is also done by technology.
Q. What decisions or parts of the business process are managed by people, i.e. done manually?
The physical counting of the products and parts, and writing them down is done manually by one of our employees.
This past year we had our junior technician do it and submit it to me.
When I am inputting the inventory information to the computer, it is also concerned manual work.
Q. What are the data inputs to the business process?
Inputting the numbers into the excel worksheet is a data input.
Searching for a specific product or part is also a data input.
Q. How is the data put into the system and who does it?
The data is input into the system using a computer and typed in using a keyboard. It was input by myself.
This is done after the physical counting of all the products or parts we have on hand.
Q. Where is the data stored? (on client machines, on a server, in the cloud, etc.)
The data is stored mainly on the HDD of the computer in the main office.
It is also copied onto a sheet of paper which is stored in the office for our records.
Q. What is/are the output(s) from the system?
The output from the system is an excel sheet that contains all the information of the inventory we possess.
It is printed and saved for our records as well.
Q. Who uses the output to achieve what objectives?
Myself and the accountant use the output to achieve the objective of finding out how many products/parts we have.
It is useful for checking the files when working on a new job and ordering new products and
parts.
The sole objective is to ensure we do not order duplicates of certain products or parts.
Q. How recently has the system been updated?
The system itself is updated regularly with the newest version of
Microsoft Excel when it becomes available.
Q. What do users like about the system?
Users like how the system is very simple to use
It is also very easy to learn the basics of the system itself
It is very easy to read and understand the worksheet as well
Q. What do users not like about the system?
Users do not like how the system does not offer a lot of options when it comes to sorting out the information that is input to it.
Summary
Inventory management is the counting and recording of the number of products and parts you have available on hand.
This helps prevent ordering multiple copies of products or parts in the future.
It is also useful for easily locating parts or products when they are needed.
M&R Security Inc. completes their inventory management by using a computer and Microsoft Excel.
They also keep printed copies of the inventory for their records.
References
Investopedia. (2011, January 21). Retrieved from http://www.investopedia.com/terms/i/inventory-management.asp
M&R Security Inc. (2015, April 3). Retrieved from http://mnrsecurity.ca/
People Interviewed: Amy Raad-Martinez (Co-Founder/Director of
Operations), Cristhian Martinez (Founder/Sr. Technician)
Company: M&R Security Inc.
Business Process: Inventory Management
EDWARD ROCHA-MARTINEZ (ROCHAMAE)
GULSHANVIR SINGH KHAIRA(KHAIRGUL)
SARABJIT SINGH (SING2932)
RAJVINDER KAUR KANG (KANGRAJV)
JASKARAN SINGH GILL (GILL326)
April 13, 2015
Carlene Blackwood,
Monday: 10-12PM
Company Introduction
M&R Security Inc. was created in October of 2014 by Cristhian Martinez and Amy Raad-Martinez.
They provide the following services:
Automation
Monitoring
Alarm
CCTV
Systems
Systems
Access
Control
Audio/Video
Telecommunications
Network
Wire
& Cabling
Structured
Cabling
They are located in Brampton, ON.
For our project we interviewed the founder and director of operations, …show more content…
Amy Raad-Martinez
Chosen Business Process:
Inventory
Inventory is the process of collecting an accurate number of products and/or parts that a business has in its possession.
It is done manually in most cases to avoid any mistakes and depending on the size of the company and how many products it offers, it can take anywhere from a few hours to a few days.
After the numbers are collected, they are later input into a system, most likely a spreadsheet and stored in a computer HDD or database.
This process makes it easier to identify the number of a certain product or part your company has.
It is especially useful when working on a new job because before you order any new parts or products you can check your inventory to see if you have that particular good you need.
Q. What is the objective of the business process?
The objective of doing inventory management is to collect accurate information about the number of products and parts our company possesses
It helps to allocate the inventory that needs to be purchased by looking at the past copy of the inventory.
Q. What parts of the business process are managed by technology?
After all of the items are put into the excel worksheet, it sorts out and finds any duplicates and such.
Printing copies of the inventory records when needed is also done by technology.
Q. What decisions or parts of the business process are managed by people, i.e. done manually?
The physical counting of the products and parts, and writing them down is done manually by one of our employees.
This past year we had our junior technician do it and submit it to me.
When I am inputting the inventory information to the computer, it is also concerned manual work.
Q. What are the data inputs to the business process?
Inputting the numbers into the excel worksheet is a data input.
Searching for a specific product or part is also a data input.
Q. How is the data put into the system and who does it?
The data is input into the system using a computer and typed in using a keyboard. It was input by myself.
This is done after the physical counting of all the products or parts we have on hand.
Q. Where is the data stored? (on client machines, on a server, in the cloud, etc.)
The data is stored mainly on the HDD of the computer in the main office.
It is also copied onto a sheet of paper which is stored in the office for our records.
Q. What is/are the output(s) from the system?
The output from the system is an excel sheet that contains all the information of the inventory we possess.
It is printed and saved for our records as well.
Q. Who uses the output to achieve what objectives?
Myself and the accountant use the output to achieve the objective of finding out how many products/parts we have.
It is useful for checking the files when working on a new job and ordering new products and
parts.
The sole objective is to ensure we do not order duplicates of certain products or parts.
Q. How recently has the system been updated?
The system itself is updated regularly with the newest version of
Microsoft Excel when it becomes available.
Q. What do users like about the system?
Users like how the system is very simple to use
It is also very easy to learn the basics of the system itself
It is very easy to read and understand the worksheet as well
Q. What do users not like about the system?
Users do not like how the system does not offer a lot of options when it comes to sorting out the information that is input to it.
Summary
Inventory management is the counting and recording of the number of products and parts you have available on hand.
This helps prevent ordering multiple copies of products or parts in the future.
It is also useful for easily locating parts or products when they are needed.
M&R Security Inc. completes their inventory management by using a computer and Microsoft Excel.
They also keep printed copies of the inventory for their records.
References
Investopedia. (2011, January 21). Retrieved from http://www.investopedia.com/terms/i/inventory-management.asp
M&R Security Inc. (2015, April 3). Retrieved from http://mnrsecurity.ca/
People Interviewed: Amy Raad-Martinez (Co-Founder/Director of
Operations), Cristhian Martinez (Founder/Sr. Technician)