Inventory Management System

Topics: Inventory control system, Supply chain management, Inventory Pages: 15 (5099 words) Published: October 20, 2012
This chapter presented the review of related literatures and studies, underlying the framework of the study. It includes the conceptual model of the study and the operational definition of terms. Review of Related Literatures

Foreign Literature:
* PHP [Roane C. (2002)]
According to Roane C. (2002), “PHP is a powerful tool to write web applications in, it is by no means the only (or best) way to do it for all situations. He suggests, though, that for the endurance of your business and the future of your applications as a whole, you go with something like PHP that has a good solid community and is in constant development to make it and its features better. The flexibility that PHP offers also means that the possibility for someone to write nasty code that works (for now) goes up greatly. * Adobe Dreamweaver [Heaton (1998)]

According to Heaton (1998), he states that,“I personally recommend Dreamweaver to both learners and seasoned experts’ think Adobe can make is more accessible to people by having various versions of it much like Elements is a poor man’s Photoshop, there should be a cut down version of DW. So in my opinion no, it is not just an overpriced text editor. Dreamweaver is a powerful and highly applicable tool that every designer should be able to own.” * Inventory [Donald Reimer (1989)]

According to Donald Reimer (1989), “Today, maintaining the right inventory levels is a tough challenge. If not properly managed, your inventory can result in a significant expense. Looking over your shoulder is the lender who is concerned about the cost of carrying too much inventory- which can affect profitability.” * Inventory System [Michael Bernacchi (2002)]

According to an author Michael Bernacchi (2002),an inventory systems maintain information about activities within firms that ensure the delivery of products to customers. The subsystems that perform these functions include sales, manufacturing, warehousing, ordering, and receiving. In different firms the activities associated with each of these areas may not be strictly contained within separate subsystems, but these functions must be performed in sequence in order to have a well-run inventory control system. According to Godwin Udo (1993), given such developments, it is little wonder that business experts commonly cite inventory management as a vital element that can spell the difference between success and failure in today’s keenly competitive business world. Writing in production and inventory Management Journal, Godwin Udo described telecommunications technology as a critical organizational asset that can help a company realize important competitive gains in the area of inventory management. He noted that companies that make good use of this technology are far better equipped to succeed than those who rely on outdated or unwieldy methods of inventory control. According to Dennis Eskow (1990), automation can dramatically impact all phases of inventory management, including counting and monitoring of inventory items; recording and retrieval of item storage location; recording changes to inventory; and anticipating inventory needs, including inventory handling requirements. This is true even of stand-alone systems that are not integrated with other areas of the business, but many analysts indicate that productivity and hence profitability gains that are garnered through use of automated systems can be increased even more when a business integrates its inventory control systems with other systems such as accounting and sales to better control inventory levels. As Dennis Eskow noted in PC Week, business executives are “increasingly integrating financial data, such as accounts receivable, with sales information that includes customer histories, the goal: to control inventory quarter to quarter, so it doesn’t come back to bite the bottom line. Key components of an integrated system are general...
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