Sales and Inventory System

Topics: Decision making, Inventory control system, Computer Pages: 7 (2413 words) Published: September 14, 2012
Chapter I
Good decision making is important for organizations to survive. In order for good decision making to occur, the proper steps must be taken to ensure accurate information used. Sales and Inventory System (SIS) is a computer-based system that is designed to aid decision makers in making decision that may include multiple attributes, objectives and goals. Good decision making tools are necessary to make good strategic decisions. Sales and Inventory Systems are used to collect data, analyze and shape the data that is collected, and make sound decisions or construct strategies from analysis. Whether computers, databases, or people are involved usually does not matter. It is important to note that although computers and artificial intelligence are at work, it is ultimately up to humans to execute these strategies or formulate the data into a usable hypothesis. The SIS is viewed and used at many levels by management. It should be supportive of the institution's long term strategic goals and objectives. To the other extreme it is also those everyday financial accounting systems that are used to ensure that basic control is maintained over financial record keeping activities. The framework of the system will provides terminology, concepts and guidelines that are useful to apply the system. A Sales and Inventory System (SIS) is a way to model data and make quality decisions based on it. Making the right decision in business is usually based on data quality and one’s ability to examine through and analyze the data to find trends that solves and gives strategies that can be created from/for. Sales and Inventory Systems are usually computer applications with a human component. They can examine through large amounts of data and pick between the many choices. This is a big contribution to the Information Communication Technology (ICT) for this help organize many different activities in the business industry and to also have a proper interactions of the people within the industry.

A. Background of the study
Chin Hong was established since 1950s by the Yao Cabigon family. It started in a small store in Justice Romauldez St. in Tacloban City. And at the early 1990s, the family changed the store to a merchandising company. And as time passed it became widely known Commercial Company in the region. Chin Hong is a commercial company that supplies the products of Magnolia, Mega Sardines, Purefoods, and etc. However, the Commercial Company has been encountering different difficulties like calculating the sales and profit for the entire month, tracking products and giving summaries to the consumers of their total purchase of products. The reason they encounter this kind of difficulties is that they often work with their transactions manually, that consumes most of their time. After learning about the difficulties of the company through the conducted interview, through careful study about the issue, the researchers came up with a solution that meets all the requirements for the problems of the company. They came up with a Sales and Inventory system. This will help the company to track products, calculate profit and sales and solve all other inconvenience that company encounters in a lesser amount of time. The researchers also realized that the company needs a computerized system because of its partnerships with different huge companies e.g. Magnolia, Mega Sardines, B-Meg, Purefoods etc. and having a manual transaction is very hard even though the company has several employees. The researchers thought that this kind of system can offer a big contribution to the management of the company. They also thought that with this system, the company can grow in the business industry faster than it was especially that technology in this kind of business is constantly improving, that’s why with our proposed system for this company the “Sales and Inventory System” will make their productions, transactions and sales more...
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