Inventory Management

Powerful Essays
CHAPTER I
INTRODUCTION
Most of the hardware businesses being establish then and now uses the same old ways of product inventory .Due to their wide business they tend to neglect the importance of product inventory. Because of the growing numbers of computers users, this became an effective medium to demonstrate the promotion of their business to the public. From manual way of product inventory it will be more convenient and faster through the use of computers. Business owner can avoid human error because computer program is more consistent. Interactive usages to run and the stocks, sales, debit, credit are easier to monitor. The interactive usage of computers can be now addressed as part of the hardware inventory system.
Inventory System is commonly used in the business world since these are needed to keep and track the systems of inventories in any company. This automation is an answer to the manual process that takes a lot of time in recording the transactions. This technologically aided process allows efficiency in data management. It paves the way for removal of inconsistent data and costly charges for massive spreadsheet purchases. Moreover, this is a practical system and allows user to easily track down the purchases, expenses and record for all inventories. Automated Inventory System has become main stream in the business industry because in the line of business time means profit.

BACKGROUND OF THE STUDY
In the aim of enterprise to supply the necessary materials to their clients, they idea of Inventory System is introduces. This includes the utilization for listing. Accessing and retrieving information that can effectively support the process of inventory and service approaches. The Accessibility and the restriction of products to sorted files in the retail store can be easy and improve the manual method doing by the owner are done completely finished within a week. From the start the owner never had an inventory for his business

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