Chapter1 Inventory System of G-Erb Construction Supply

Topics: Inventory, Supply chain management, Supply chain Pages: 5 (1273 words) Published: January 9, 2012
Chapter 1

1. Introduction

In just half a century man’s way of life has drastically changed from black and white to vivid colors, for simplicity to complexity, and from laborious tasks to an easy click of the mouse. All these were brought about by the advent of modern technology, specifically with the invention and advancement of computers. High technology such as computers and other mediums is now in demand. Man is concerned on how to consume time wisely. They learned to explore and discover something new and tried to solve questions that pump up in their mind. Most of the establishments and institutions are using computer programs for business transactions. It helps employees to work efficiently in more comfortable way. New application is being developed to solve society’s problem. In this

connection, computerized inventory is needed for G-ERB Construction Supply. Manual operation of inventory would cost a lot of effort and time; however, through a computerized inventory system everything would be better. This research is trying to establish a computerized inventory system.

1. Background of the Study
Companies use information as a weapon in the battle to increase productivity, delivery quality products and services, maintain customer loyalty, and make sound decisions. In a global economy with intense competition, information technology can mean the difference between success and failure. Information technology has revolutionized the phase of business around the world. It helped business in advertising and in customer services. Accessibility of files also has become an easy task with series of password keys and shared folders. Cash transactions are

easily made. Many companies are using inventory systems for their success and growth. Inventory systems have a variety of functions purposes in business such as promoting the sales functions of inventory. Promoting the sale function deals with availability of sufficient products for the customer whereas shrinkage control function deals with monitoring the occurrence of damage less or theft, etc of the products. The G-ERB Construction Supply was established by Engineer Gregorio Valdez and managed by his wife Michelle O. Valdez. His main branch is located at Cuartero Highway, Jaro Iloilo City. The business started in December 2000 with 10 employees at main branch and 15 at the other branch making his business more successful. As we all know, technology is obviously of help by saving money, time and effort. The purpose of this study is to create a computerized inventory system for G-ERB Construction Supply. The research will develop a software application which could be

able to meet the needs of the company when it comes to their inventory management.

2. Statement of the Problem

1.2.1 General Problem
After thorough gathering of data through investigation, the group was able to determine the inventory system for G-ERB Construction Supply which needs to developed a better inventory management and eliminate or reduce risks of errors and fraud. This study will seek to answer what enhancement and design the construction supply can adopt for a more effective and efficient inventory system.

1.2.2 Specific Problem
According to the information gathered, it has obviously identified the specific problems:

a. Inaccurate inventory report
This affects the stock control and recording and the reliability of records and supply management system. Also, error in recording and computation was encountered by the manager. b. Unsecured stocks information

Manual inventory slip has and often been lost because it was only written in a piece of paper. It might be an unauthorized person can intrude and freely changed any possible information anytime they want. c. Unorganized stocks information...
Continue Reading

Please join StudyMode to read the full document

You May Also Find These Documents Helpful

  • Chapter1 Inventory System Research Paper
  • Essay about EMCOR Inventory System
  • Inventory System Essay
  • Inventory System Essay
  • Inventory System Essay
  • Inventory System Essay
  • Inventory System Essay
  • Inventory System Essay

Become a StudyMode Member

Sign Up - It's Free