THE PROBLEM AND ITS BACKGROUND
Computerization, commonly referred to as digitalization, refers to the shift to a society where computers are ubiquitous; to carry out, control, or conduct by means of a computer. When we talk about computerization we are speaking of the growth of computer technology that controls most of the items we use in our daily lives. Everywhere we turn we see an electronic item run by computers. Basically, computers make life easier for people. In most any task that a person must perform, there is something computerized to help perform the task. The uses of computers can range from hundreds to billions of things. Not only of things is useful for the word processing programs to do homework, it can be used to hold an unimaginable amount of data. It can also regulate commerce, and even communicate to numerous amounts of people halfway around the world in a matter of seconds, only for the price of one phone call. This technology has been so far advanced that every large corporation is using it. Computers are an inexpensive investment for the convenience of the opportunities that it can give the investor. These tools allow as looking for jobs online, learning various things, do researching, going shopping or even by stocks. Besides the large computers, new technology has made PDA as possible. Palm pilots are one of the hottest items out there. Not only can use it as an organizer, you can also use to send email, download books to read, save a hundred of one recipes for cocktails, you can even play games. Many business people own one for the convenience of having a miniature computer in their pocket. Ever since computers were released to the public for private, non-military use, people have been thinking of ways to use them for profit. One industry that has seen a huge impact of computerization is the retail sales industry. These are the commercial businesses that are closed to the customer, distributing finished products directly off the shelves and into the customer’s home. Technology results computerization which has been a common part of our every day needs in this world. Rapid advances in technology have helped to meet these demands of society. Computerization has been somehow revolutionized the modern world which ushered what we called the “Information Age”, where knowledge has become accessible and available to everyone. The retail sales report captures in-store sales as well as catalogue and other out-of-store sales. The report also breaks down sales figures into groups such as food and beverages, clothing, and autos. The results are often presented two ways: with and without auto sales being counted, because their high sticker price can add extra volatility to the data.
Retail sales figures are vital to stock investors as a whole, and especially to those who invest in retail companies directly. They are also are a big component of total gross domestic product (GDP) in the United States, so any extended drop-offs in retail spending can trigger a recession by lowering tax receipts and forcing companies to reduce head counts.
As far as broad economic indicators go, the retail sales report is one of the most timely, providing data that is only a few weeks old. Individual retail companies often give their own sales figures around the same time per month, and their stocks can be very volatile around this time as investors process the data. Retail sales are an important economic indicator because consumer spending drives much of our economy. Think of all of the people and companies involved in producing, distributing, and selling the goods you use on a daily basis like food, clothes, fuel, and so on. The Sales and Inventory System is used at the company for planning and investigation of their customers through the credit application form and credit investigation report given to them and in doing the company’s sales reports and inventory process....
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