Preview

Sales and Inventory System

Powerful Essays
Open Document
Open Document
1627 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Sales and Inventory System
1.0 Introduction

Sales and Inventory System is a computer based way of checking and auditing of the sales of the company, it is faster and more reliable rather than doing manually. The system can lessen errors in editing and can be easily accessed any time by the company.
Sales and Inventory System makes the company more productive, efficient, and convenient to the company and its customers. The system is meant to help the company show more relevant items to the customers, hoping to expedite and increase the sales and most importantly to increase the profit of the company. [PEAVLER2013]
With the aid of Sales and Inventory System, management can easily make consistent, reliable, and timely decisions. A computerized system is far superior to a manual system when it comes to accessing files, as the speed at which this can be done is faster. If records are needed, these can be accessed in a matter of seconds by just searching relevant information on screen. All the information need can be stored in a single file, as opposed to having reams of paper and various files for each products that would require sifting through to access in a manual system.
All files can be kept on a computer, taking up far less space than having to house filing cabinets and drawers to keep track on the paperwork.

1.1 Background of the Study
Inventory is basically the stock of goods from a company to a business. An inventory system is a process whereby a business keeps track of the products it has available.
It can be done manually by a count at the end of each day. In this way, it is possible to keep track of the products coming in the business and the products being sold.
Since manual inventory consumes a lot of time and is prone to errors, it would be helpful to build a system that will computerize the transactions from acquisition of the product description to updating the inventory database. The system will improve the work efficiency by computerizing routine and time consuming

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Businesses depend on POS systems to conduct their day-to-day operations of trade and customers depend on them to provide information in a clear and accurate manner. Sales and inventory system helps the company to improve productivity, convenience and efficiency for both the company and customers. This kind of system is designed to help people improve services and to increase profit and can easily make reliable and timely decisions.…

    • 353 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Most companies nowadays use computers in transacting with their clients. Companies are now making their systems computerized because using a computerized system will help the company minimize the time and efforts consumed by using manual system. A sale refers to the exchange of product or services for an amount of money or its equivalent while Inventory in a business, is a total amount of goods and the act of counting them. A company owner must know the precise number of items in their storage areas in order to place orders and control losses. Computerizing both Sales and Inventory System will make an easier and faster transaction with the customers as well as monitoring the stocks of the products.…

    • 3433 Words
    • 14 Pages
    Powerful Essays
  • Satisfactory Essays

    Inventory Systems help companies with huge inventories to easily and accurately monitor their stocks. With the use of a database, information will be readily available to the user and can be easily updated without having to scroll through spreadsheets.…

    • 656 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    Inventory System

    • 419 Words
    • 2 Pages

    Inventory system is a process for managing and locating objects or materials. The objects or items represented on such a list, as a merchant’s stock of goods. It is a complete listing of merchandise or stock on hand, work in progress, raw materials, finished goods on hand, etc., made by a business concern. The raw materials from the…

    • 419 Words
    • 2 Pages
    Good Essays
  • Powerful Essays

    1.0 Introduction As the world is embracing the epoch of Information Age, it has provided new concepts and perspective in looking at things especially in every aspect of the business. It has created wide transformations in the management. It is always expected that the newly designed system is better than the old ones like a Computerized Inventory System. Inventory Software allows companies to track and evaluate the sales of the product using a single software application. Inventory Software enables the company to store, track and organize the sales every month. Everything needed to track and evaluate the sales is available on a computer. Computerized Inventory System implements a new set of records to be computed accurately and effectively and easy to deal with. It generates a quality time in computing such report on sales of the product, and easier and lesser access time. Computerized Inventory System used to eradicate endless paperwork, sifting though documents and manual computation.…

    • 3985 Words
    • 16 Pages
    Powerful Essays
  • Powerful Essays

    Point of Sale

    • 2347 Words
    • 10 Pages

    Inventory System is a process of checking/monitoring the volume such as stock and assets where as you can identify the missing stocks and any frauds occurred for a certain…

    • 2347 Words
    • 10 Pages
    Powerful Essays
  • Powerful Essays

    The researcher’s planned to develop a Computerized Sales and Inventory System to solve the problems in the said establishment. The main goal of the study is to provide and implement better and accurate sales and inventory system that can handle a certain task in a much more time saving and fluent operation. Through this Sales and Inventory System the employee in-charge will have a less stressing and will only require them to maintain the stability of the flow of the system.…

    • 6562 Words
    • 27 Pages
    Powerful Essays
  • Satisfactory Essays

    As part of the advancement and strategic planning in business firms, inventory is the essential tool in backtracking and monitoring all the items they have-both the outgoing and ingoing. In this part computation of the overall items, the total outgoing and ingoing elements purchased and sold by a certain business establishment are done. An inventory system is an effective way of monitoring and tracking different materials that are transferred in and out. It is also important for a company to monitor all transactions and movements of goods in order to keep an account of all their stocks.…

    • 383 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Ha-Ji

    • 6601 Words
    • 27 Pages

    Sales and Inventory System is a process wherein a business keeps track of the goods and materials that is available and record its sales every transaction. The term inventory means the total amount of goods or materials contained in a store or factory at any given time while sales means an act of selling of a product or service in return for money or other compensation. Sales and inventory system could monitor the movements of the stocks as well as the sales transactions (“Small Business Management”, n.d.).…

    • 6601 Words
    • 27 Pages
    Powerful Essays
  • Satisfactory Essays

    Online Billing System

    • 611 Words
    • 3 Pages

    Inventory System can be used for transactional updates or it can view all the available stocks and display out of stock products or items. Inventory System can have many advantages and are suitable in availability and display the in and out of stocks products.…

    • 611 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    Document Inventory System

    • 1111 Words
    • 6 Pages

    An inventory system is a process for managing and locating objects or materials. It is a tracking system that tells you the quantity of supplies, raw materials, or final products you have on hand. It encompasses all aspects of managing a company's inventories in purchasing, shipping, receiving, tracking, warehousing and storage, turnover, and even in reordering.…

    • 1111 Words
    • 6 Pages
    Powerful Essays
  • Good Essays

    inventory system

    • 3336 Words
    • 13 Pages

    Inventory system is an efficient way to monitor and track different products that are being transferred in and out of the company. Inventory system serves several different purposes for the company. One purpose is to monitor the availability of the products. It is important for a company to monitor all transactions and movements of goods in order to keep an account of all their stocks. Another purpose is to gain security from unauthorized personnel.…

    • 3336 Words
    • 13 Pages
    Good Essays
  • Good Essays

    Sales and inventory system is very important in business transactions and to that businessperson who don’t want to be bankrupt and loss profits. That’s why several studies were conducted to develop more reliable system and to help businessperson in doing their b business transaction and process easier and faster providing the business more convenience and satisfaction.…

    • 1669 Words
    • 7 Pages
    Good Essays
  • Good Essays

    To ease the problems that are being encounter by the store, the proposed Computerized Sales and Inventory system is designed to improve their every task. The proposed system will help them in computing and recording the sales per day, monitoring of the products to avoid the out-of-stock. It will also help in monitoring the expiration of the product and adjusting the number of stocks.…

    • 634 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Inventory

    • 315 Words
    • 2 Pages

    Sales and Inventory system is a systematic way of handling the flow of material which will be beneficial for industries. An inventory control system is a set of hardware and software based tools that automate the process of tracking inventory. The kinds of inventory tracked with an inventory control system can include almost any type of quantifiable good, including food, clothing, books, equipment, and any other item that consumers, retailers, or wholesalers may…

    • 315 Words
    • 2 Pages
    Satisfactory Essays