Sales and inventory System
Chapter 1
Introduction
Background of the Study A business is an organization involved in the trade of goods, services, or both to consumers. One of the three types of business is merchandising. This type of business buys products at wholesale price and sells the same at retail price. They are known as "buy and sell" businesses. They make profit by selling the products at prices higher than their purchase costs. Merchandising activities may include display techniques, free samples, on-the-spot demonstration, pricing, shelf talkers, special offers, and other point-of-sale methods. Most of the small scale businesses use manual inventory system where they write orders, deliveries, expenses, and sales per day, bad order, and details about the product and so many more, where in there is a lot of paper works, slow data processing, unsecured, and is not user-friendly. Above all this hassles it is time consuming and is difficult in managing records. In manual inventory system the work is slow and so the money will moves slow too. In an early age when the most of the company are still using the manual system in the sales and inventory most of the company encountered so many problems and this is because of the process of the existing system is too slow and too long. According to Kaye Morris (2010), manual inventory management system can help sales and production managers control costs by identifying lost sales due to inventory shortages; inventory overrides on products that are not selling; losses due to employee’s theft or damage. In order to solve the manual inventory system companies has converted their system into automated inventory system. Automated inventory system monitors and records the merchandise and goods of a retail store with the help of computer. With an automated Sales and Inventory System, business rely on computers to do tasks that were once performed manually, such as inventory check and product sales. Automated Sales and Inventory System these
Introduction
Background of the Study A business is an organization involved in the trade of goods, services, or both to consumers. One of the three types of business is merchandising. This type of business buys products at wholesale price and sells the same at retail price. They are known as "buy and sell" businesses. They make profit by selling the products at prices higher than their purchase costs. Merchandising activities may include display techniques, free samples, on-the-spot demonstration, pricing, shelf talkers, special offers, and other point-of-sale methods. Most of the small scale businesses use manual inventory system where they write orders, deliveries, expenses, and sales per day, bad order, and details about the product and so many more, where in there is a lot of paper works, slow data processing, unsecured, and is not user-friendly. Above all this hassles it is time consuming and is difficult in managing records. In manual inventory system the work is slow and so the money will moves slow too. In an early age when the most of the company are still using the manual system in the sales and inventory most of the company encountered so many problems and this is because of the process of the existing system is too slow and too long. According to Kaye Morris (2010), manual inventory management system can help sales and production managers control costs by identifying lost sales due to inventory shortages; inventory overrides on products that are not selling; losses due to employee’s theft or damage. In order to solve the manual inventory system companies has converted their system into automated inventory system. Automated inventory system monitors and records the merchandise and goods of a retail store with the help of computer. With an automated Sales and Inventory System, business rely on computers to do tasks that were once performed manually, such as inventory check and product sales. Automated Sales and Inventory System these