Introduction Background of the study An Inventory System supports updating inventory information for all items‚ monitoring inventory depletion‚ and importing and exporting inventory information to and from external systems of record. Many companies are using inventory systems for their success and growth. Inventory systems have a variety functions purposes in business promoting the sales and shrinkage control are two main functions of inventory systems. In its simplest sense‚ it can be done manually
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Chapter4 Result and of Findings This chapter presents findings from employee side‚ and then analyzes and discusses these findings from small business and literature review as a whole. 4.1. Finding from Questionnaire - Automated System and Manual System 4.1.1. Personal Profile Among 10 questionnaire that have been delivered‚ only 9 are collected back with all questions completed‚ from these usable surveys‚ 77.78% of our respondents are male and 22.22% are female. In term of age‚ 22.22% of our respondent
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I. Title : DESIGN AND DEVELOPMENT OF INVENTORY SYSTEM USING BARCODE II. Proponents : MACALINDONG‚ Roselle P. MALABANAN‚ Rocel M. VERTUCIO‚ Joanne Marie G. Campus : Batangas State University Balayan Campus III. College Department : College of Industrial Technology Major in Computer Technology IV. Adviser V. Rationale Nowadays‚ computer gadgets and various electronic communication and productivity devices are now becoming
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of an inventory system considers which needs the inventory system addresses. These include valuing the inventory‚ measuring the change in inventory and planning for future inventory levels. The value of the inventory at the end of each period provides a basis for financial reporting on the balance sheet. Measuring the change in inventory allows the company to determine the cost of inventory sold during the period. The inventory level and changes allow the company to plan for future inventory needs
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manual means of inventory tracking. Many companies and businesses are using sales monitoring and inventory systems for their success and growth. It is an effective way for monitoring sales and tracking different products and materials that are transferred in and out of a company’s warehouse or establishment. Moreover‚ a sales monitoring and inventory system promotes effective inventory control which ensures stocking the marketable and correct items in correct quantities. This system can help the
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Just in time (JIT) is described as a philosophy‚ managerial concept or manufacturing strategy. It achieved fame in the late 1970’s through Taiichi Ohno and is used in many companies till this day especially automotive industries. Just in time was originally a practice of the Toyota motor company in Japan. Chakravorty and Atwater 1995 (cited in Singh and Ahija‚ 2015) suggest that the fundamental of Just in time philosophy is continuous improvement in process through removal of all types of waste.
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II System Design Description of the Existing System The Memory Lane Bookstore is a medium sized bookstore in the heart of Bacolod City. The owners had the idea of putting up this kind of business because they themselves love to read and has collected books throughout their school years. It started four years ago as a simple "pocket book for rent" business and blossomed to cater as textbooks source for various college courses. It didn’t stop there as they started stocking their inventory with
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end users and has its own laboratories of development‚ production centers and marketing department. The company develops and produces its own products. Thus‚ it has total control of production including quality and volume. What is Inventory System 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‚
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Study An inventory system is a method of immediately accounting for inventory sales in the inventory account‚ if there is no item missing. It is an inventory management system where store balances of inventory are recorded after every transaction. It eliminates the need for the store to close down constantly for inventory. Inventory systems keep a running account of the company’s inventory. Inventory systems involve more record-keeping than manual inventory systems. But in every inventory there’s
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Just in time production (JIT) Just in time is a ‘pull’ system of production‚ so actual orders provide a signal for when a product should be manufactured. Demand-pull enables a firm to produce only what is required‚ in the correct quantity and at the correct time. `Just-in-time ’ is a management philosophy and not a technique. It originally referred to the production of goods to meet customer demand exactly‚ in time‚ quality and quantity‚ whether the `customer ’ is the final purchaser of the
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