Preview

Specific Objectives

Satisfactory Essays
Open Document
Open Document
546 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Specific Objectives
Objectives of the Project General Objective The main objective of this study is to develop a LAN-Based Sales and Inventory System for FAD24 Convenience Store that will provide a solution for inaccurate outputs caused by manual sales and inventory scheme to make the task easier, faster, relevant and more efficient. Specific Objectives
• To design a prototype that will help them ascertain their goods on hand at any given time, and will compute and automatically update databases for each sales transactions and inventory details to generate daily, weekly, monthly and annual reports on sales and inventory with more accuracy and less time-consuming process.

• To develop a system that will have a rhythm for selling inventory on hand at a rate comparable to a pace at which it is being produced, so the company will have neither too much nor too little inventory on hand and at the same time to have extra inventory holders to handle the extra inventories for peak season

• To test and evaluate the acceptability of the system in terms of functionality, reliability, usability and so on by gathering feedback from prospective users and technical experts.

Statement of Work

• Scopes of the Project
We’ve decided to provide a LAN-Based Sales and Inventory System to improve their transaction procedures faster and easier, and to monitor their inventory and sales regularly, These include valuing the inventory, measuring the change in inventory and planning for future inventory levels. It also includes monitoring of critical levels to avoid either having too much or too little inventory on hand. It will also monitor returned goods by the customer. Measuring the change in inventory allows the company to determine the cost of inventory sold during the period. The system will also include updating of supplier, inventory, and sales records, like adding, deleting, and editing. It will automatically compute and record the daily, weekly, monthly and the annual

You May Also Find These Documents Helpful

  • Good Essays

    Cis 210

    • 312 Words
    • 2 Pages

    The system will be user-friendly and provide reliability and versatility in performance of application. It will make tracking inventory simple and flexible. It will allow tracking and scanning inventory away from the physical computer. The automated system will update the inventory records and perform transactions on an instant basis. The system…

    • 312 Words
    • 2 Pages
    Good Essays
  • Better Essays

    My sister owns a small clothing store. During a conversation at a family dinner, she mentioned her frustration with having to manually track and reorder high demand items. She would like an automated system but has a very small budget. To accomplish I propose an inventory management technology. Inventory management technology is a mix of hardware and software designed to add reliability to inventory accounting, reduce incidents of theft and facilitate inventory audits. Individual inventory items or batches of items could be equipped with RFID tags that identify the item type, cost, price, shipment number, date of shipment and virtually any other useful information. Software inventory management solutions replace pen-and-paper systems, reducing the time required to account for inventory additions and subtractions (2002-2006, Kenneth Hamlett). Due to the low availability of funds, I will buy only one laptop, wireless router, barcode scanner, barcode printer, printer and the internet service. For startup we will begin with the use of the inflow inventory system from Archon Systems. The software will help my sister to take orders and deduct out of the inventory with one click. This software will also generate reports one of which will show the demand for a given product. We will also setup the laptop with wireless internet access which will enable her to conduct sales and do inventory with the same equipment using a wireless barcode scanner. We will add or upgrade the system in future as soon she is financially capable.…

    • 1231 Words
    • 5 Pages
    Better Essays
  • Powerful Essays

    Unit 41

    • 6070 Words
    • 25 Pages

    Ensuring enough stock is available to meet customer demand is very important. Ways and places in which retail is conducted.…

    • 6070 Words
    • 25 Pages
    Powerful Essays
  • Good Essays

    This system will be able to keep up with the different items bought with each transaction. By using a computer, it can keep up with an daily records of what is bought each day. From there it can subtract it in real-time from the current inventory, and you can have an updated list of how much product you have on hand. This is critical because if you are getting low on a particular product, you can adjust your ordering level to compensate.…

    • 828 Words
    • 2 Pages
    Good Essays
  • Better Essays

    In today's business environment, even many smaller businesses have come to rely on computerized inventory management systems. Automated systems can replace the cost and time consuming processes that were once completed by hand while providing companies with more accurate data. Inventory control is important to ensure control in businesses that handle transactions revolving around consumer goods. Without proper inventory control, a store may run out of stock on an important item. A good inventory control system will alert the retailer when it is time to reorder (www.barcodesinc.com). It will also aid in the prevention of theft and product loss. Overall, a good inventory system will increase the value of your business, satisfy your customers and create more freedom in your life. In this paper, I will describe all the necessary equipment for a low-cost automated inventory system for a small clothing store. I will also explain the costs involved in the creation of the system, describe the ongoing maintenance that will be required and provide a workflow diagram to illustrate how the system will work.…

    • 973 Words
    • 4 Pages
    Better Essays
  • Powerful Essays

    Supply Chain Management..

    • 4981 Words
    • 20 Pages

    Inventory Management . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .…

    • 4981 Words
    • 20 Pages
    Powerful Essays
  • Good Essays

    Goals & Objectives

    • 656 Words
    • 3 Pages

    Throughout my senior year, I have discovered that I want to be a teacher and lead others. I am very passionate about working with kids, implementing school plans, and being the teacher I always wished for. I am a natural-born leader and do not get nervous in front of crowds, I always tend to take a leadership position within my personal life and at work. I would like to start teaching younger children and eventually work my up to high school or possibly college. I must become certified by an accredited school and receive my ECE (Early Childhood Education) certification. For the time being, I would love to job shadow or even assist a teacher at an elementary school. I have chosen education as my major and would be ecstatic to pursue it any form. I believe that filling out my FAFSA and applying to schools is vital right now. I need to find an educator to guide me in the right direction and to be a good reference. Once I graduate from college, I am required to complete an unpaid internship in an elementary school. I would love to attend graduate school and continue my education whilst working.…

    • 656 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Objectives and Goals

    • 318 Words
    • 2 Pages

    The terms objectives and goals seem to be interchangeable in many management discussions. The two terms are very different, and both are essential and fully compatible in results-oriented project management.…

    • 318 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    The Primary user of the new computerized system is the biller and the warehouse supervisor. The Biller prefers more convenient design and arrangement of interface. The use of icons or images together with its description to represent a function is much appreciated. There must be a function where a biller can modify saved data for correction of typographical error. There should be sales back tracking function depending on what date is desired. System should allow modification of receipt prior to printing the data. There should be a report generator base on the desired type of report needed. The warehouse supervisor also prefers non complicated design and arrangement of functions. In monitoring inventory there should be a function to easily display items categorized per manufacturer or supplier name. There should be a filtration of data in each category like product expiration date and product quantity. The computerized system should be able to produce inventory report.…

    • 782 Words
    • 4 Pages
    Satisfactory Essays
  • Powerful Essays

    The proponents have come up with a proposed study to develop their existing manual system through computerization, design, create a link database system in their inventory functions to easily process their transaction and avoid the common problems that they encounter.…

    • 11651 Words
    • 47 Pages
    Powerful Essays
  • Satisfactory Essays

    In business like merchandising, Sales and Inventory system plays an important role. It is used to track all the transactions made by the business and responsible for monitoring the items supplies. All the business transactions must be properly recorded and must be fully secured by password. A Computerized system is the best solution and most innovative answer for their needs.…

    • 467 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    • To turn inventory five times and to maintain profit margins at 15-20% through close attention to expenses and cost of goods sold…

    • 5815 Words
    • 24 Pages
    Powerful Essays
  • Satisfactory Essays

    RLM Drugstore, using manual system according to our interview to the owner of the drugstore, they cannot specify the exact amount of sales and item sold, they have complications on sales and Inventory due to human errors and also laboriousness and time consuming when it comes to generating sales and inventory reports, for obvious reasons that it is done manually. Manual inventory systems turned out to be slow and inaccurate resulting to problems like running out of stocks and slow computations of product prices being bought by the customers. List of files, and papers in these files are difficult to document and maintain, thus prone to risk of loss or damage, making the system inefficient. The owner of RLM Drugstore want a computerized system to hasten their work for the inventory, so the developer makes computerized sales and inventory system to solve the problem of RLM Drugstore. The degree of success of a business greatly depends upon controlling the merchandise inventory.…

    • 501 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    We are thankful not only for those people who helped us but also we are thankful for the new information that this project brought forth to us, information that neither of us didn’t know before.…

    • 3921 Words
    • 16 Pages
    Powerful Essays
  • Powerful Essays

    point of sale system

    • 1228 Words
    • 5 Pages

    As the latest knowledge of development in computer technology grows, people’s standard increase. La Mamita’s Bakery seeks and craves for better and more efficient ways to accomplish tedious task. The company needs an effective and accurate computerized point of sale system that will enable them to assure their revenue and will provide accurate and detailed sales reports. A Point of sale (POS) system is where a retail transaction is completed. It is the point at which a customer makes a payment to a cashier in exchange for goods or services. The project ‘Computerized Point of Sale System’ will enable the company to have the control over their transactions, and also will put wealth of information to La Mamita’s Bakery.…

    • 1228 Words
    • 5 Pages
    Powerful Essays