Background of the Study
In an aim for an efficient & well-managed inventory management system necessities as today’s society the production of a store billing & management system that functions as an easy to check stocks & make a reservation of a costumers in what transaction needed of the costumer. They need to have an efficiently inventory management system makes it necessary considering that the same time is business in the making.
This inventory management system helps you increase revenue because it saves processing time & help to provide better management for checking stocks and stock prices. It can be used to manage daily transactions of a store, which includes billing, check stocks in/out and a complete accounting module.
Aside from security concerns, it is also our obligation to give our customers an efficient & well-accounted break down of what is due to the management in a specified period of time, thereby, installing an atmosphere of fairness.
With the advent of today’s technological advancement, the same will be easy & realizable. In an epic of today’s technological advancement, it thus necessities to symbiotically needing the help of this technological advancement to be able to effectively manage the said store billing purposely to ensure profit & realized return revenue of the capital invested.
Therefore, we are motivated to conduct a system study regarding their inventory due to the fact that during inventory, they have encountered a very time consuming transaction and processing of products. Products inventory have been made every week but personnel can’t finish the inventory directly because of manual processing.
Statement of the Problem
The work was aimed towards giving a state-of-the art introduction to synthetic instrument technology; also in order to provide the work an introductory nature. This system was developed by having seen and observed the importance of time in our daily lives and activities. For this reason, saving time is essential to us. In fact, making inventory works is a hard thing and it takes time consuming and exertion of effort especially to the big companies.
In view to this, problems arise such as follows:
Manual listing of stocks what is left.
Manual issuing of receipts.
Manual pricing of items.
No proper back-up of files.
Objectives of the Study
To come up with the new method of Inventory managing system that helps you increase revenue that saves processing time and help to provide better management for stocks. Inventory Management software is the modern solution which has whole range of integrated modules to cover every function of store management. To make the operations more easier
To make the logs and records can be easily stored in a digital form without any hassles and otherwise necessary paperwork. To make store tasks and jobs, inventory services can be controlled and monitored by a single system.
Significance of the study
This research program sought to reliable, & creates a system/coded program inherent therein that will be used in conceptualizing inventory management system.
Further, the herein research project is beneficial to the following persons, as follows:
The Entrepreneur. The said coded project helps in providing new avenue of business venturing that will be ensured return of investment.
The Researchers. The said research helps the researcher to adapt & used of the known techniques of programming in order to bring about the best of them.
The Client. The clients doesn’t need to wait for the product they bought, they the most efficient way in buying.
Scope and Delimitation of the Study
We focus on stocks in/out and pricing system. Making all transactions of the store is operated in computer. This system work particularly focuses on record keeping of Stock In/Out, daily and monthly report...
Please join StudyMode to read the full document