of the study Inventory system is critical to gathering and applying information effectively in today’s competitive markets. Automation of one’s inventory system puts you a step ahead in the game. It helps you conduct business transactions with ease as you only have to press a few keys. It liberates you from countless paper works as computation of the day’s sale and keeping track of inventory are done automatically. Statement of Objectives The objective of this system is to lessen the effort handled
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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
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Relationship of Sales and Inventory In order for your sales force to do its job‚ there must be enough inventory on hand to sell. A successful relationship between sales and inventory operations involves either a predictable rhythm of inventory turnover as a result of consistent sales‚ or dependable communication between the two divisions so the inventory department will know how much the sales department needs. In order for this system to function smoothly‚ the sales department must have a clear
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WHAT IS A MODEL? *A model is a physical‚ mathematical‚ or logical representation of a system entity‚ phenomenon‚ or process. *A simulation is the implementation of a model over time. *A simulation brings a model to life and shows how a particular object or phenomenon will behave. -Useful for testing‚ analysis or training where real-world systems or concepts can be represented by a model. *Modeling and simulation (M&S) provides virtual duplication of products and processes -Represents those
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Sales and Inventory System of Bounty Fresh Chooks to go 1. EXECUTIVE SUMMARY This business project will address current business concerns‚ the benefits of the project‚ and the recommendations and justifications of the project. This business case also discusses the project goals‚ performance measures‚ assumptions‚ constraints‚ and alternative options. Sale’s and inventory system is manufacturing companies rely on forecasting to project demand to schedule production. Production rates are
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Sales and Inventory System For Snack – a – holic A Project Presented to The Faculty of STI College-Global City In Partial Fulfilment of the Requirements for Theory of Database and System Analysis and Design By Corpuz‚ Clarence S. Mahusay‚ Cheyene H . Manalili‚ German L. Sta. Ana‚ Gelene C. Mr.Joselito Oyao Project Adviser Table of Contents 1. Introduction I 1.1. Background of the Study 1 1.2. Business Rules 2 1.3. Statement
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Chapter 1 THE PROBLEM AND ITS BACKGROUND Introduction This research also reflects the change of emphasis in information systems development from developing customized systems to developing tools which are flexible and easy to use. This is a very significant change‚ as it allows end users at all levels in organizations‚ and society as a whole‚ to use technology more actively‚ and to find‚ manipulate‚ and reconfigure information to suit their own purposes. Access to such tools and the information
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Specific Requirements This section provides comprehensive details on all requirements. It should include all of the details which the designer will need to create the design. The details that is shown below should be defined as individual specific requirements such as User Requirements and System Requirements. It also contains all of the software requirements to a level of detail sufficient to enable designer to design a system to satisfy those requirements and testers to test that the system satisfies
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Title: Sales & Inventory System by 4Brothers Trapal Supply Mrs. Michelle Alisna Caiña Instructor October 8‚ 2013 Acknowledgement We would like to thank our instructor‚ Mrs. Michelle Alisa Caiña‚ for guiding and supporting us all throughput this project. His constant reminders and progress report checks have helped us become more focused during this writing process. He taught us how to undertake this writing task and even provided us with examples‚ which were
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TABLE OF CONTENTS - CHAPTER 11 I. CHAPTER 11 – INVENTORY 1 II. OVERVIEW AND OBJECTIVES 1 A. Overview 1 B. Objectives 1 III. DEFINITION OF INVENTORY 1 IV. INTERNAL CONTROLS 2 V. ESTABLISHING AND MAINTAINING AN INVENTORY 2 VI. VALUING THE INVENTORY 4 A. FIFO 5 B. Weighted Average 6 VII. YEAR-END PHYSICAL INVENTORY 7 VIII. EXHIBITS 8 CHAPTER 11 – INVENTORY The purpose of this chapter of The Guide is to explain the concept of inventory and to discuss the policies‚ guidelines
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