Chapter 2 REVIEW OF RELATED LITERATURE AND SYSTEM This part shows the related literature and system studies‚ including the topical outline of literature related to the study of Warehouse Inventory System with SMS Alert and Barcode Reader. Review of Related Literature This review is about Bell Electronics Lab Corporation situated in Calamba‚ Laguna March 2007‚ engaging in test and assembly of optoelectronics and sensor devices. The company is concentrating on its resources in metal can packaging
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3900 * Jan 4Cost of merchandise sold 2630 * Merchandise inventory 2630 Sales 3900 Cost of merchandise sold 2630 Gross profit 1270 Ending inventory 3250 B. * Jan 4 acc rec 3900 * Sales 3900 * Jan 4 cost of merchandise sold 2660 * Merchandise inventory 2660 Sales 3900 Cost of merchandise sold 2660 Gross profit 1240 Ending inventory 3220 Inventory system 1. Perpetua: record sales and cost of merchandise sold uses FIFO LIFO
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of the Study Inventory is basically the total amount of goods and materials held in stock by a factory‚ store and other business. An inventory system is a process whereby a business keeps track of the goods and material it has available. In its simplest sense it can be done manually by a count at the end of each day. In this way it is possible to keep a record of the goods coming in to the business and goods being sold. (Chapter 1 Inventory System‚ 2011) Since manual inventory consumes a lot
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problem. At approximately 8:30 A.M.‚ it arrives in the form of status reports on inventory and orders shipped. At the top of an extensive computer printout is a handwritten note from Joe Donnell‚ the purchasing manager: "Attached you will find the inventory and customer service performance data. Rest assured that the individual inventory levels are accurate because we took a complete physical inventory count at the end of last week. Unfortunately‚ we do not keep compiled records in some of the areas
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A REPORT ON “A STUDY ON INVENTORY MANAGEMENT IN LUCAS TVS AT PADI (T.N.)” By: Karthikeyan M S LUCAS-TVS PRIVATE LIMITED PADI (T.N.) A REPORT ON “(A STUDY ON INVENTORY MANAGEMENT IN LUCAS TVS AT PADI (T.N.)” By: Karthikeyan M.S Register No. 3511010320 Master of business Administration A report submitted in partial fulfillment of the requirements of MBA (2010-2012) SRM School of management Chennai
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* INTRODUCTION “Adequate inventories facilitates production activities and help to customers satisfaction by providing good service.” The basic financial aim of an enterprise is maximization of its value. At the same time‚ a large both theoretical and practical meaning has the research for determinants increasing the firm value. Most financial literature contains information about numerous factors influencing the value. Among those factors is the net working capital and
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INVENTORY MANAGEMENT Introduction The overseeing and controlling of the ordering‚ storage and use of components that a company will use in the production of the items it will sell as well as the overseeing and controlling of quantities of finished products for sale. A business’s inventory is one of its major assets and represents an investment that is tied up until the item is sold or used in the production of an item that is sold. It also costs money to store‚ track and insure inventory. Inventories
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A STUDY ON “INVENTORY MANAGEMENT” [pic] “H.P.C.L VISAKHA REFINERY‚ VISAKHAPATNAM” With Reference To Hindusthan Petroleum Corporation Limited‚Visakhapatnam For The Partial Fulfillment of the Requirements For The Award of the Degree Of “MASTER OF BUSINESS ADMINISTRATION” Under the esteemed guidance CH.TRINADH RAO Submitted By K.SHANTHI REGD NO: 116C1E024 MIRACLE EDUCATIONAL GROUP OF INSTITUTIONS (Affiliated To JNTU‚ KAKINADA ) BHOGAPURAM
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cotten in India. Inventory is a central process in Manufacturing Unit. This Inventory is concerns to all departments i.e.‚ from Planning Department to Selling Department in which it passes though Production Department‚ HR Department‚ Logistic Department‚ Finance Department‚ Costing Department‚ and Commercial Department etc. So managing of Inventory is having wide Scope in manufacturing Company. “INVENTORY MANAGEMENT” Statement of the problem “Inventory management and its
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future utility of the inventory item falls below its original cost. 2. The lower-of-cost-or-market method is used for inventory despite being less conservative than valuing inventory at market value. 3. The purpose of the “floor” in lower-of-cost-or-market considerations is to avoid overstating inventory. 4. Application of the lower-of-cost-or-market rule results in inconsistency because a company may value inventory at cost in one year and at market in the next year. 5. GAAP requires
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