Preview

Inventory

Good Essays
Open Document
Open Document
574 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Inventory
Statement of the Problem The business thought of expanding their company’s operation by using a computer system that will assist the owner in transaction of the businesses. For the past years to present, the business is using manual type of system in recording, transactions, and preparing the sales report. The systems analysts will indicate the following sub-problem of the business existing system.

Unsecured records of Sales Inventory

Security of the business is not properly monitored using manual type of system. Unauthorized users or individuals can easily access and alter those records of sales. The records can also be misplaced or lost due to unsecured storage of keeping their records like placing them in such that can be transferable. In addition, the records cannot be brought back that may result to the inconsistency.

Time Consuming

Using manual system, transaction for the operations of the business will take a long time. The times that are supposedly pertained and allotted for other business transactions will be wasted on encoding such information on the printed copy of the sales report.

Error in computations

Due to the manual system, the business can experience losses in terms of their gross sales. With this kind of system, the administrator can commit errors in computing the total sales of the business. The encoding of the total amount of stocks is also at risk in engaging in manual type of system.

Problems and Objectives

The following are the problems of the business current system: * The slow process or method in preparing and encoding the sales information in the daily sales report. * The inaccurate computation of total sales. * How would the owner be able to review and analyse their sales. * How can the business be protected from alterations or unsecured use.

The following are the objectives of the system analysts: * To create a sales and inventory system that will provide the computation of the

You May Also Find These Documents Helpful

  • Powerful Essays

    The new implemented accounting information system is only as good as the information entered into the database as per company requirements. While the primary purpose of the new system was to reduce time and money, the implementation of the new system, however ended up in an avoidable lapse in judgment by the management and the employees. All financial transactions have three main requirements to ensure proper accounting of business operations: timeliness, accuracy, and validity. If these transactions failed to meet these guidelines, information entered into the software* will lead to improperly prepared reports and a total system failure.…

    • 1287 Words
    • 6 Pages
    Powerful Essays
  • Good Essays

    Accounts Receivable

    • 341 Words
    • 2 Pages

    The company currently has three systems: debit/credit system, website, and accounts receivable system. The debit/credit system and the website are already automated while the accounts receivable system is currently manual. The debit/credit system records all the expenses of the company, may it be capitalization expense or daily operating expense. It also records the sales from the job orders. The website simply advertises the company’s sold units and shows the company site map. The accounts receivable system holds the schedule of payment of the clients, the requirements and other necessary information.…

    • 341 Words
    • 2 Pages
    Good Essays
  • Powerful Essays

    Most companies nowadays use computers in transacting with their clients. Companies are now making their systems computerized because using a computerized system will help the company minimize the time and efforts consumed by using manual system. A sale refers to the exchange of product or services for an amount of money or its equivalent while Inventory in a business, is a total amount of goods and the act of counting them. A company owner must know the precise number of items in their storage areas in order to place orders and control losses. Computerizing both Sales and Inventory System will make an easier and faster transaction with the customers as well as monitoring the stocks of the products.…

    • 3433 Words
    • 14 Pages
    Powerful Essays
  • Satisfactory Essays

    Salon Management System

    • 1893 Words
    • 8 Pages

    In using the manual Management System, there are disadvantage for the Salon. As said, Edwin B. Samot’s Salon doesn’t include receipt in their transaction. They just noted it in a notebook. Sometimes the records that are indicated in the notebook may not be accurate. The manual product inventory may not be efficient because not every time the manager don’t check it regularly. The manual payroll is also difficult to handle because it is not accurate.…

    • 1893 Words
    • 8 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Recording System

    • 474 Words
    • 2 Pages

    The purpose of the Study is to develop the system that will help the company to have a computerized recording system for them to have also the information of their clients in case of error they can manage to make contact with their clients for any difficulty. The propose system will provides valuable information and details for the sale of the business where that is required and increases the chances of the business operating and achieving success.…

    • 474 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    To record all the business activities they use a manual system which consist lots of disadvantages. Current manual system required great amount of paperwork. It can cause for errors and also it decreases the company’s productivity.…

    • 8872 Words
    • 36 Pages
    Powerful Essays
  • Satisfactory Essays

    Rapa Generics Pharmacy

    • 362 Words
    • 2 Pages

    2. Time consuming when it comes to generating sales and inventory reports for obvious reasons that it is done manually.…

    • 362 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    RLM Drugstore, using manual system according to our interview to the owner of the drugstore, they cannot specify the exact amount of sales and item sold, they have complications on sales and Inventory due to human errors and also laboriousness and time consuming when it comes to generating sales and inventory reports, for obvious reasons that it is done manually. Manual inventory systems turned out to be slow and inaccurate resulting to problems like running out of stocks and slow computations of product prices being bought by the customers. List of files, and papers in these files are difficult to document and maintain, thus prone to risk of loss or damage, making the system inefficient. The owner of RLM Drugstore want a computerized system to hasten their work for the inventory, so the developer makes computerized sales and inventory system to solve the problem of RLM Drugstore. The degree of success of a business greatly depends upon controlling the merchandise inventory.…

    • 501 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    Part Three, Overview of the Current System and Related System, describes and also discusses the operation of the current manual system being used by the business and it provides certain characteristics that are subjected to the study.…

    • 2723 Words
    • 12 Pages
    Powerful Essays
  • Powerful Essays

    Nowadays there are so many companies using technical system to improve the quality of service of their company, but there are some companies still using manual computing for their product inventory like LC Pc Net Sales & Services.…

    • 5082 Words
    • 21 Pages
    Powerful Essays
  • Good Essays

    A business that handles large volumes of detailed or repetitious information in short periods of time will benefit from computerization. Some of its common applications are: performing complicated computations quickly and accurately (i.e., the total bills that would be charged to the customers and total sales of the day and of a certain period as well); printing information such as official receipt and sales report; and keeping transaction records in a more organized manner.…

    • 426 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Point of Sale

    • 2488 Words
    • 10 Pages

    The proposed system will not only lessen exerted time and effort, but it will also be helpful in manipulating the inventory of sales and keeping up old records or document reserved for future use.…

    • 2488 Words
    • 10 Pages
    Good Essays
  • Satisfactory Essays

    Computerized System

    • 559 Words
    • 3 Pages

    The system mainly consists of functions for sales and inventory management. A customer orders an item and the system checks the inventory by accessing the master item table. New items can be added by the management and the master item record is updated as such. A process computes the total price for the items ordered by using the input from the customer and data(prices) from the inventory master table. After the transaction, receipt will be given to the customer and both the inventory record and sales record are updated. If the system detects any item to be at critical level, a notification will be sent to the management.…

    • 559 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    In a business establishment such as Masuerte Supermarket, computerization of their system will lead them to a well-organized company and suited for future competitiveness. The company doesn’t have an automated system to use for the necessity of an advance file and reports. It takes a lot of reports to produce. This is the reason why the proponents want them to ease their burden. With the knowledge about the computer capabilities, the difficulty of manipulating their files manually will no longer be a problem. With the use of computers, simple tasks can be performed according to specific instructions at such fresh speed at a high degree of accuracy.…

    • 317 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Drug Store Management

    • 8533 Words
    • 35 Pages

    Owing to the number of drawbacks evident in the existing system, an automated solution is proposed. The Proposed System aims to remove most of the drawbacks found extensively in the existing system. The PS is aimed to simply the complex and redundant process. The proposed system being developed as a replacement for the existing system is a graphical user interface with good interactions with the database. The proposed system has certain Modules .These are as below, Login User, Administrator, Purchase, Sales, Billing and Stock.…

    • 8533 Words
    • 35 Pages
    Good Essays