The Inventory System Inventory management is a vital part of any retail business‚ whether it’s a traditional brick-and-mortar shop or an online Web site. Inventory management provides you with critical information about the condition of your products‚ such as whether you are low on stock and your inventory needs to be replenished. Inventory management also provides your customers with accurate information‚ letting them know when items are out-ofstock‚ back-ordered‚ or pre-orderable. Failure to provide
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18th May 2011 Table of Contents Need for Inventory Underlying Principles Current Philosophies of Inventory Mgmt Pros and Cons of IM Principles TOC and MEIO Primary Needs of an Effective IM System MapMySupplyChain 5/27/2011 Strictly Private & Confidential 2 Need for Inventory Inventory Need Principles Philosophies Pros and Cons TOC and MEIO Effective IM System MapMySupply Chsin To tide against Supply Chain Uncertainities – Transporter uncertainity‚ Supplier Lead Time
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I INTRODUCTION Most of the hardware businesses being establish then and now uses the same old ways of product inventory .Due to their wide business they tend to neglect the importance of product inventory. Because of the growing numbers of computers users‚ this became an effective medium to demonstrate the promotion of their business to the public. From manual way of product inventory it will be more convenient and faster through the use of computers. Business owner can avoid human error because
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Computerized Inventory System A Research Paper Presented to ACSI COLLEGE ILOILO In Partial Fulfillment of the Requirements in the Course of CSC209 System Analysis and Design (SAD) By: James Nick Amoroso Audrey Brillantes Renato Calubiran Jr Kristian Jebsen Germia Vicente Guarin Jr. Kristine Yap (BSCS II-A) Table of Contents Introduction Chapter I 1.1 Background of the Study . . . . . . . . . . 2 1.2 Statement of the Problem . . . . . . . . . . 3 1.3 Objectives of the
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including company’s businesses. In today’s business environment‚ even small and mid-sized businesses have come to rely on sales and inventory systems. Advanced system on sales provide more reliable recording of sales of the company. Sales and inventory makes the company more productive‚ efficient and convenient to the company and it’s clients. This sales and inventory system is meant to help the company to show to their customers that they are inline with the use of technology for it’s demand is extremely
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goods is constant‚ the inventory model is called deterministic. However‚ when the demand rate is not constant and not deterministic‚ the inventory model is called probabilistic and is best described by a probability distribution. The minimum-cost order quantity and re-order policies are based on the assumptions of the demand rate. PROBABILISTIC INVENTORY MODELS 1. A single-period inventory model with probabilistic demand The single-period inventory model refers to inventory situations in which
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BUSINESS CYCLES Trend and cycle of the business cycle Phases of the cycle Pro‐cyclical‚ counter‐cyclical‚ and a‐cyclical variables Lead‚ lagged‚ and contemporary variables Stylized facts and cyclical behavior of key macroeconomic variables 2 BUSINESS CYCLES Over time GDP grows but not in a linear way GDP 2006 constant prices (in logs) 6.5 6.3 6.1 5.9 5.7 5.5 5.3 5.1 4.9 4.7 4.5 3 BUSINESS CYCLES Time Series Components 1. 2. 3. 4. Trend (long‐run) Cycle (short‐run)
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The products are counted manually and data is stored in a record book including the quantity and the price of the product. These are then computed manually using a calculator until they find the total inventory. User of the Existing System The Owner and the Auditor is responsible for the inventory of the products and update records Data Flow of the Existing System CHAPTER 3 Statement of the Problem General Problem Manual System is currently used by the business generally results to
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beneficial to all? Or to a certain person/institution only? Computerized Inventory Systems * Computers and bar codes allow for a more efficient management of inventory levels and provide a clearer view of inventory movement. More businesses are using transactional review systems because computerized systems can link to the point of sale with automatic debiting of inventory occurring in real time when the sale occurs. Inventory software can also link to other business systems to integrate more fully
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products as well as computer accessories. The transaction and inventory of this company is currently using a traditional system which is manual. And when it comes to their sales transaction‚ the log book is the only record that represents the whole transaction. They did not provide any database. They depend only on the names of items written on their log book. Statement of the Problems This study intends to create Customized sales and inventory system; specifically it will seek to answer the following
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