The used of manual processes in business has decline since the rise of computerized and automated systems. And in fact, nowadays, the use of computer-based business system has become prevalent all throughout the developed and developing countries around the world due to the increased productivity and efficiency of data processing
A collection of components that work together to realize some objective forms a system.There are three major components in every system, namely, input, processing and output. The most commonly used system by several companies is the sales system and inventory system creating a window based system. Inventories are often the largest asset of company and a precise inventory management system is often needed to take into accent the sales, orders and the need for replenishments. It also ensures that goods are always stocked to an optimum level to meet customer demands. One of the most samples of overstock levels is Hardware’s, Marketing’s and the Furniture’s that are using manuals.
A sale is an activity involved in the selling of products or services in return for money or other compensation. It is an act of completion of a commercial activity while inventory A list of what you have. In company accounts, inventory usually refers to the value of stocks, as distinct from fixed assets.
Advanced system on sales provide more reliable recording of sales of the company with comparison to its actual cost. In addition, the data needed by the company to decide matters in relation to inventory can be easily generated.
Moreover, the inventory system promotes effective inventory control which ensures stocking the in demand and correct items in the correct quantities. This system can help the company to avoid overstocking. It maintains a Database of the Suppliers and Customers to handle a hundreds to thousands of products for sale, allow several users to use the system with varying access level, easily track