Sales and Inventory System

Topics: Theory of Forms, Error, Time Pages: 4 (1133 words) Published: September 16, 2011
Problem and its Background


Sales and Inventory system is an effective way for monitoring and tracking different products and materials that are transferred in and out of a company’s warehouse or establishment, store or market place usually for accounting purposes. It is also important for a company to monitor all the transactions, events or movements of goods in order to keep an account of all their stocks. However in some establishments or company, the inventory of the product is done manually in such a way that an employee writes down the information of different products every time it is transferred in and out of the room. The same case applies in Jackwell Shoe Plaza; and as a result, the sales and inventory system becomes prone to human error and would be more time consuming which will most likely be a loss for the company. In Jackwell Shoe Plaza, there is a corresponding form for every incoming or outgoing item (from the stock room). These forms serve as the basis of comparison when inspecting; that is, the amount of item that goes in or out must tally with those written in the forms. Afterwards, all the forms and records used in the transactions will then be kept for future reference. Besides, sales are being computed everyday without any tally or documentation for everyday sales inventory. Their inventory is being done once a week, sometimes once a month. In addition to the complexity of the process, the employee responsible on this task also needs to check the stocks once in a while so as to monitor which items are already getting below the allowable minimum quantity. Because of the draining work, there were circumstances when the inventory record in the admin does not tally with the actual amount of the available items. Another thing to consider in manual sales and inventory is prone to errors since it is inevitable that the employee assigned to do the sales and inventory would commit mistakes. Due to the inefficiency...
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