Generic Pharmacy Inventory and Point of Sale
System
Saint Mary’s University Bayombong, Nueva Vizcaya
Generic Pharmacy Inventory and Point of Sale System
Presented By: Melrie Joy E. Vicente Raquel G. Andres Maria Odessa D. Lacbayan Edrilyn M. Ramel
Professor: Mr. Rogie B. Taborda
March 18, 2013
CHAPTER I INTRODUCTION
BACKGROUND OF THE STUDY
Point of Sale (POS) and 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. An inventory system is basically 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. For such businesses, it is more likely that a computerized system will be required. This can be used to monitor the stock a business has available and also provides details of when inventory needs to be restocked. One of the focal points of any retail or hospitality business is the cash register. The ability to process transactions and tender cash are essential to the efficient operation of the enterprise. If you have a lot of cash transactions, replacing the cash registers with a Point-Of-Sale (POS) system saves business owner money. A POS system is computer software and hardware networked together to track sales and inventory as they occur. POS systems will solve a multitude of problems in a business.
STATEMENT OF THE PROBLEM 1. Employee errors can cause inaccuracies in the inventory records, which can cause purchasing to fail to purchase materials or to acquire an excessive amount of inventory. 2. Business owners using manual inventory management can’t identify missing inventory and untrustworthy employees who may be stealing from the inventory.
3. Tallying can give an inaccurate result, products that
Generic Pharmacy Inventory and Point of Sale System
Presented By: Melrie Joy E. Vicente Raquel G. Andres Maria Odessa D. Lacbayan Edrilyn M. Ramel
Professor: Mr. Rogie B. Taborda
March 18, 2013
CHAPTER I INTRODUCTION
BACKGROUND OF THE STUDY
Point of Sale (POS) and 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. An inventory system is basically 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. For such businesses, it is more likely that a computerized system will be required. This can be used to monitor the stock a business has available and also provides details of when inventory needs to be restocked. One of the focal points of any retail or hospitality business is the cash register. The ability to process transactions and tender cash are essential to the efficient operation of the enterprise. If you have a lot of cash transactions, replacing the cash registers with a Point-Of-Sale (POS) system saves business owner money. A POS system is computer software and hardware networked together to track sales and inventory as they occur. POS systems will solve a multitude of problems in a business.
STATEMENT OF THE PROBLEM 1. Employee errors can cause inaccuracies in the inventory records, which can cause purchasing to fail to purchase materials or to acquire an excessive amount of inventory. 2. Business owners using manual inventory management can’t identify missing inventory and untrustworthy employees who may be stealing from the inventory.
3. Tallying can give an inaccurate result, products that