A computer is a finite state machine that takes external inputs, manipulates data according to a set of instructions and gives output in a useful format. The ability to store and execute lists of instructions called programs makes computers extremely versatile, distinguishing them from calculators.
Inventory system deals with finished product meant either for transfer or sale is called stock. On completion of production process in factories, these are dispatched to different destinations of company’s warehouses for subsequent sale. Responsibilities & compliances; Inventories are transported through company’s approved transporters in order to take care of in-transit problems, like shortage, damage etc. At the time of taking delivery of materials each and every material whether packed or unpacked, utmost vigilance and alertness are required. Because once goods are acknowledged, carrier does not have any further liability and it becomes the property of warehouse.
When an item arrives, you can use your purchase order to receive the items into stock. When you receive the item (s), the system will immediately update so you will know by browsing your work orders or shipping orders that you now have the parts required to make a work order or ship a finished good.
At the point of receiving you can enter pertinent information such as serial numbers or expiration dates and track them through the shipping or work order process. Receiving also supports Partial receipts, Locating items to specific warehouse locations (including on hold functionality).
A Transaction Processing System (TPS) is a type of information system that collects, stores, modifies, and retrieves the transactions of an organization. A transaction is an event that generates or modifies data that is eventually stored in an information system. To be considered a transaction processing system, the computer must pass the ACID test.
Not so long ago,