Chapter 1 5 sales and inventory system

What Is an Information System? Dave Bourgeois and David T. Bourgeois Learning Objectives Upon successful completion of this chapter, you will be able to:

Chapter 1 5 sales and inventory system

Technology is derived from discoveries of man; therefore, it includes the use of both primitive and highly advanced tools and methods of works.

The inventions and the development of technology permitted people to expand their work at the shortest possible time.

With the assistance of technology, people are now using the most important and most highly developed machine man has ever invented: Computer has changed the way people work specially in the field of industry and commerce.

Most businesses have used this in carrying out different business transactions. Computer has been greatly valued for its skill to execute tasks more hastily and more accurately than any human being had. These tasks include solving numerical calculations, storing necessary information, and organizing files that can be used by management and other departments in the company in making economic decisions.

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However, even with the existence of these highly developed technologies, some business firms still prefer the manual system, which requires more effort, time, costs, and resources, because of its simplicity. Organizations have to consider, acquire, allocate and control certain factors which are necessary to achieve these goals and objectives.

The aim of inventory management is to hold inventories at the lowest possible cost, given the objectives to ensure uninterrupted supplies for on-going operations. When making decisions on inventory, management has to find a compromise between the different cost components, such as the costs of supplying inventory, inventory-holding costs and costs resulting from insufficient inventories Hugo, Badenhorst-Weiss and Van Rooyen One example of an organization that has a wide range of inventories and still employs a manual system is 2M Trading was formally established to take part in the Philippine Economy's growth as it envisioned for making the road in the circle of newly industrialized countries.

This modification could help the aforementioned business perform this essential function with more speed and accuracy. Through this, the researchers may be able to make a corresponding program that would answer the problem identified in the former part of this research.

All the data needed in producing those report will be supplied by the system.

Chapter 1 5 sales and inventory system

This would also minimize their time in doing a yearly physical count because of the computerized system that can search and update records quickly.

The system could lessen inconvenience to customers when they make a purchase. It would be easily known if the certain item they want to buy is still available or how many stocks are still available.

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This study shall enhance their skills and knowledge in advance technology by developing a system, and become more aware of the existence and benefits of new technology.

This study would serve as a guide in the area of Inventory Transaction Processing System and in the conduct of a similar study. Through this study, the proposed system will greatly help the company in updating, maintenance of records of their products and costumer and executing of reports systematically.

The proposed system includes certain processes limited to achieve the purpose including the product entry, update stocks, sales, report and utilities. The system has admin account wherein the user is limited to access to the sales modules only.

The researchers will use Visual Basic. Net as the programming language and Microsoft Access as their database. Sales and Inventory System of 2M Trading using computerize system is limited only to the official activities and products of 2M Trading.

First, an interview was conducted in order to know the inventory operations of 2M TRADING such as the manner in which inventories are recorded, updated and purchased.CHAPTER 1 I. INTRODUCTION A.

Motivation and Background A sales and inventory system is a software-based business solution used to simultaneously track sales activity and inventory. § § § § §§ § § § a § § § § §§ § § § § § § § a.

1 Chapter 1: What Is an Information System?. Dave Bourgeois and David T. Bourgeois. Learning Objectives. Upon successful completion of this chapter, you will be able to: define what an information system is by identifying its major components;. REG USE TAX. Use Tax in General.

Use tax is not a duplication of the sales tax. The sales tax and the use tax complement each other and together provide a uniform tax upon the sale, lease, rental, storage, use, distribution, or other consumption of tangible personal property and certain specified labor and services.

Introduction. This publication provides general information about the federal tax laws that apply to you if you are a self-employed person or a statutory employee.

The system generates timely information about demand forecast, cost of needed inventory and “days of supply of inventory”. It compares actual to forecasted demand. This enables Dell to communicate critical information to external and internal customers, reducing SCM delays.

Chapter 1 5 sales and inventory system
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