1.0 BACKGROUND OF THE STUDY The problem of the conducted research is about the company’s sales monitoring and inventory system. Keeping records of sales and inventories manually are the current method used by the company. Due to this current method of inventory system‚ the company has encountered several problems regarding the monitoring and stocks checking. KONEK.COM management once said‚ “Manual method is very hassle and time consuming process of inventory. It has many drawbacks as there are
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University Bayombong‚ Nueva Vizcaya Generic Pharmacy Inventory and Point of Sale System Presented By: Melrie Joy E. Vicente Raquel G. Andres Maria Odessa D. Lacbayan Edrilyn M. Ramel Professor: Mr. Rogie B. Taborda March 18‚ 2013 CHAPTER I INTRODUCTION BACKGROUND OF THE STUDY Point of Sale (POS) and Inventory management is vitally important for any business that sells a physical product. An inventory system must balance having enough inventories on hand to meet the demand of customers while investing
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(but don’t sell them). Treacy and Carey (1998) examined the credit risk rating mechanism at US Banks. The paper highlighted the architecture of Bank Internal Rating System and Operating Design of rating system and made a comparison of bank system relative to the rating agency system. They concluded that banks internal rating system helps in managing credit risk‚ profitability analysis and product pricing. Duffee and Zhou (1999) model the effects on banks due to the introduction of a market for
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Merchandising Sales and Inventory System A Project Presented to the Faculty of the College of Sciences Palawan State University In Partial Fulfillment of the Requirement for the Degree of Bachelor of Science in Computer Science Lauzon‚ Morris Alvin G. De Guzman‚ Vav Maria M. CHAPTER I INTRODUCTION This chapter includes the Background of the Study‚ Statement of the Problem‚ Objectives‚ Significance of the Study and Scope and Delimitations. Background of the Study Christopher Lim
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SYSTEM ANALYSIS & DESIGN CASE STUDY PROPOSAL OUTLINE CHAPTER 1: THE PROBLEM AND ITS SETTING PAGE 1.1 Introduction 3 1.2 Background of the Locale 1.3 Statement of the Problem 1.3.1 General Problem 1.3.2 Specific Problem 1.4 Objective of the Study
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1.1. Project Description and Background Nowadays‚ computerized system are very much needed in companies and business that will help them in order to come up with a better products or services and even accurate data for the firm through the Information System. Information System is defined as combination of technology‚ people‚ and data to support business requirements. Bossing’s General Merchandise was founded by Ms. Agnes Filomeno last July 3‚ 2001. it is located at 1242 Jacinto St. Extension‚
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Proposed Point of Sale with Inventory System for Botica Capas I. Introduction 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. Drugstores sell not only medicines‚ but also miscellaneous items such as candy‚ cosmetics‚ and magazines‚ as well as light refreshments. A sale refers to
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Case study: Manufacturing Supply Chain Logistics & Inventory Control A specialty chemical company with worldwide operations serving the electronics‚ surface finishing‚ and decorative industries engaged Daniel Penn Associates to improve its supply chain logistics and inventory control systems. At the time‚ the company had 14 manufacturing site‚ six R&D facilities‚ sales‚ and distribution centers worldwide and employs 1‚300 people. In their efforts to reduce finished goods inventories and expenses
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THE PROBLEM AND ITS BACKGROUND I. Introduction This study shall focus on how to improve the system of records for the inventory and sales of the company. This may help in creating a better system to avoid mistakes in recording data that may contribute to loss of income. The study shall provide us an opportunity to experience on how to handle similar problems and to create a solution for future companies. Gilmore Wines and Spirits‚ was founded by Messrs. Magnus Villafuerte and Marcus
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Background of the Study Inventory is basically the total amount of goods and materials held in stock by a factory‚ store and other business. An inventory system is a process whereby a business keeps track of the goods and material it has available. In its simplest sense it can be done manually by a count at the end of each day. In this way it is possible to keep a record of the goods coming in to the business and goods being sold. (Chapter 1 Inventory System‚ 2011) Since manual inventory consumes a
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