2 Existing System History of the Existing System The current system used in the business is processed manually. 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
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2.0 Review of related Literature The review of related literature specified in this study facilitates the purpose and significance of HRMS‚ to promote further understanding and conceptualized this study. Related studies will be noted to help and support that HRMS is need to be taken to view its importance and advantages not only in the Philippines but globally as well. Human Resources Management System (HRMS) refers to the system which processes between Human Resource Management and Information
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analyze the Inventory Management of Beximco Pharmaceutical Ltd. and help management in future policy formulation that is likely to improve the quality of their Inventory Management.. The specific objectives are: * To give a brief overview of Beximco Pharmaceutical Limited. * To be familiar with the corporate environment. * To analyze the inventory management and forecast & recommend the future policy. * To know about the procedures Inventory Management System. * Determining
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The City of Cebu (Cebuano: Dakbayan sa Sugbo‚ Filipino: Lungsod ng Cebu‚ Spanish: Ciudad de Cebú) is the capital city of the province of Cebu and is the "second city" of the Philippines‚ being the center of Metro Cebu‚ the second most populous Metropolitan area in the Philippines after Metro Manila. With a population of 866‚171 as per the 2010 census‚ it is the fifth most populated city in the country.[2] Cebu City is a significant center of commerce‚ trade and education in the Visayas area. The
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INTRODUCTION 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 as little money as possible in inventory. Perishable products add another dimension of management considerations because they must be cycled through the inventory system more quickly and stored in a way that preserves their value. An inventory control system is an integrated package
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Chapter II REVIEW OF RELATED LITERATURE This chapter presents the literature and related studies that clarifies the different aspects of the research. It also discusses the theories about the subject‚ and its purpose. The commodities‚ new devices‚ services‚ in technology are needs of man for a better fuller life which is the concern of the research. These useful arts are the products of the technological environment and the end-user is society in general. The excerpt was
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Case Study Related to Advising Action Steps for Better Inventory Management A leading consumer products company dealing in cosmetics and other personal care products was seeking ways to: _ Reduce inventory levels across their forward supply chain _ Improve Inventory Record Accuracy at their storage points _ Accurately track damaged goods at various points in the supply chain The above problems together were a significant burden to the company. Implementation of best practices after a detailed
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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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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. The same case applies in Kuya’s Lumpiang Sariwa and as a result‚ the inventory system
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Chapter 2 Review of Related Literature and Studies This chapter presented the review of related literature and studies gathered by the researchers which has relation to the proposed study‚ as well as the theoretical framework of the study is shown here‚ and the operational definition of terms are also defined to provide an explanation and for a better understanding on the part of the readers. Theoretical Framework of the Study The primary concept of the study was to build a Computerized
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