DEVELOPMENT OF AN AUTOMATED INVENTORY CONTROL SYSTEM FOR SMALL AND MEDIUM SIZE ENTERPRISES
TO BE SUPERVISED BY
SUBMITTED TO THE DEPARTMENT OF INFORMATION TECHNOLOGY,
COLLEGE OF INFORMATION AND COMMUNICATION TECHNOLOGY,
BELLS UNIVERSITY OF TECHNOLOGY, OTA, OGUN STATE.
IN PARTIAL FULFILMENT FOR THE REQUIREMENTS FOR THE AWARD OF THE DEGREE OF BACHELOR OF TECHNOLOGY (B.TECH) IN INFORMATION TECHNOLOGY.
An inventory control system is a set of hardware and software based tools that automate the process of tracking inventory. The kinds of inventory tracked with an inventory control system can include almost any type of quantifiable good, including food, clothing, books, equipment, and any other item that consumers, retailers, or wholesalers may purchase. Modern inventory control systems are almost exclusively based on barcode technology. Though barcodes were initially developed to automate the process of grocery store checkout, their ability to encode a wide variety of alphabetic and numeric symbols makes them ideal for encoding merchandise for inventory applications. In recent years, another promising technology for tracking inventory has also has made its way into stores, warehouses and factories. Radio frequency identification, or RFID, uses a microchip to transmit product information -- such as type, manufacturer and serial number -- to a scanner or other data collection device. Inventory control systems work in real-time using wireless technology to transmit information to a central computer system as transactions occur.
Control of inventory, which typically represents 45% to 90% of all expenses for business, is needed to ensure that the business has the right goods on hand to avoid stock-outs, to prevent shrinkage (spoilage/theft), and to provide proper accounting. Many businesses have too much of their limited resource, capital, tied up... [continues]
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