that keeping a simple system of keeping track products and services being delivered or exchanged were important to keep the business operations as organized as possible. This paved the way to one of the most chief aspects of a business and was almost as important as having an investment: inventory management. Be it in barter system‚ small village livelihoods or up to the most basic unit of dealership‚ people had been knowledgeable of one of the simplest principle of inventory: the first-in-first-out
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Introduction and its Background Introduction Inventories are very essential to meet the shareholder needs and demands for financial information. A computerized inventory stock system helps the companies to keep track of their inventory from initial purchase to final sale automatically. It may contain quantities‚ description‚ price‚ purchasing of items‚ the stock – in and out‚ total amount of products on initial purchase and making reports on the inventory. A store sells certain products
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computerized system in our modern time‚ especially on the field of business is undeniable. The manual process in a business may be the cause of poor services‚ unorganized data or unreliable security. In this documentation‚ the big differences of a manual process to a computerized system will be manifest beyond the following chapters. The researcher‚ propose a computerized system to the company of I.T Mechanics. Even though they have a point of sale they don’t have a computerized system when
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2 THEORETICAL/CONCEPTUAL FRAMEWORKS 2.1 Introduction Inventory theory (or more formally the mathematical theory of inventory and production) is the sub-specialty within operations research that is concerned with the design of production/inventory systems to minimize costs. It studies the decisions faced by firms and the military in connection with manufacturing‚ warehousing‚ supply chains‚ spare part allocation and so on; it provides the mathematical foundation for logistics. CURRENT SYSTEM1
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Chapter II Local Related Studies A computerized reservations and scheduling system is provided which alternately allows transportation consumers to select from pre-scheduled transportation services provided by transportation providers or to negotiate and contract with transportation providers who have available unscheduled transportation space. The system comprises a central computerized data base. Transportation providers and consumers alike access the computer via a plurality of terminal units
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interviews during the course of this study and had observed some problems with regards to the inventory system used by the XMart Corporation‚ These problems had been confided to the proponents by the warehouse manager Mr. Brian Delos Santos in an anticipation of providing the Company with a more efficient and user-friendly inventory system. The primary issue at this point was XMart Corporation’s current inventory system not being able to perform its major task of recording the items and tracking on how many
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washer system and in the sale of repair parts for these systems. In recent years Harvey Industries has been in financial difficulty. The company has lost money for three of the last four years‚ with the last year’s loss being $17‚ 174 on sales of $1‚238‚674. Inventory levels have been steadily increasing to their present levels of $124‚324. Inventory Control System “When planning an approach to inventory management‚ it is important to bring the internal players in the inventory supply
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interested with the inventory of the products. When people see how they do their services‚ the people are amazed of how fast they work‚ how fast they cook and how fast they serve‚ but do people see how’s the inventory of the products? The Researchers decided to study about “The Effectiveness of Inventory Control Management of Selected Franchise Branches of Jollibee Foods Corporation in Manila‚” to know the disadvantages and advantages of it in every branch. Inventory Control manages how much to invest
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Analysis of the Perpetual and Periodic Inventory Review Systems MANGT‚ Spring Instructor: Dr. C. I. ABSTRACT There are two focal inventory control systems that fall under Supply Chain Management: the perpetual review system and the periodic review system. The perpetual review system helps control inventory management by way of tracking the inventory amount on a continuous basis. There is usually a reorder point calculated that when inventory dips below a certain level‚ a new
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Foreign Literature Inventory Systems Summary According to the U.S. Small Business Administration‚ “Inventory refers to stocks of anything necessary to do business” (U.S. Small Business Administration‚ 2010) The U.S. Small Business Administration publication describes what constitutes successful inventory management balancing cost versus benefits of inventory‚ including Maintaining a wide assortment without spreading the rapidly moving items too thin‚ Increasing inventory turnover without sacrificing
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