Inventory System

4158 Words17 Pages
1.0 INTRODUCTION
1.1 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. The same case applies in Kuya’s Lumpiang Sariwa and as a result, the inventory system becomes prone to human error and would be more time consuming and security is also being risked.

Since manual inventory consumes a lot of time and is susceptible to errors, it would be helpful to build a
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Computerized Inventory system has many advantages over the manual inventory system. Some of the features are as follows:  The new system is more efficient as compared to the old system.  Data entry task is easier and fast.  There is no chance of entering wrong data, because there are all possible checks, which have been built in the system.
Automated Inventory System|

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 The new computerized system is user friendly. A user having little knowledge about computer can run this system effectively.

Moreover, the new system is designed in such a way as it can provide the user with facility of updating the data whenever required.

1.5 Scope and Limitation
The authors’ of this study is centrally focused on the proposed inventory database system and does not include any other systems such as ordering system. Scope  Data Manipulation such as adding, updating and deleting of data in the database to a more user friendly system.  All reports can be generated automatically, at the press of a button.  Ability to handle huge volumes of transactions without compromising on speed or efficiency.  Monitoring of Stocks

Limitation  Tracking and Storing of received payments are not part of the system.  Employees’ Number and Information is not covered on the system.

2.0 METHODOLGY OF THE STUDY
Authors of this study have a clear outset that the goal is to find a company where their system is manually mandated. They agreed that manual inventory system is their

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