Sales and Inventory Essay Example for Free

Sales and scrutinise EssayNowadays, technology is commonly used by people in different various fields. The breakthroughs of science and technology encounter been applied in many ways to medico and industry. Some of the spin-offs of these breakthroughs eventually filter down to provide benefits for the average person. The best example of this is harvest-times that were invented during the space program, which have allowed engineers and new(prenominal) scientists to use these to new products and materials in manufacturing. In the field of communication, mobile ph sensation is one of the innovations that be being used by millions of people around the world. Most operations like planning and computer programming depend on origin.This study is about a outline of a mobile phone go with wherein a documentation of a gross revenue inventory scheme is being proposed. Inventory control dodging is precise Copernican to understand system of inventory management. (Shore, 2002) A very old but very wise adage t to each onees that a journey of a thousand miles begins with a single step. For man of affairs Guan Kay Lo, this adage holds true. He took the first single step in 1945 and established a small problem which underwent several changes and challenges, an amazing journey, and through commitment, dedication, hard work and the miracle of time, it is now known as the Guanzon Group of Companies.The Guanzon MobiTek situated at Perez St. Dagupan City uses a logbook wherein they record the products arrived and to be delivered to their branches. It is besides used to record customers name and the product he/she had purchased. The dodging shall be established at the Guanzon Mobitek located at the Perez St. Dagupan City. (Lo, 2009) Statement of the ObjectivesThe main finale of the study is to evaluate the current sales inventory control system of Guanzon MobiTek and come up with an heighten inventory control system for the mobile company for a better invento ry management and sign risks of errors and fraud. It provide seek to give an enhancement and design the company could adopt for a more telling and efficient inventory system. Specifically, the study aimed to* Develop a system to manage sales and inventory products including add, modify and delete record.* Develop a Password-secured program* Be able to impart our knowledge in Inventory System that would help the Guanzon MobiTek Significance of the StudyEnsuring continuous growth of firm is the main proposal on this study. It explains that it is important for a company to monitor its products demand from consumers. When demand arises there must be a sufficient run to meet it without delay. It should also provide that the production must always be ready(prenominal) and in good. Guanzon MobiTek Company. Guanzon can adopt the recommendations to be done by the researchers to improve the efficiency and powerfulness of their sales inventory control system. Customers.The system records the specifics purchased by the customer easily. Personnel. It helps the personnel to lessen the time of whole caboodle regarding in checking and recording the products sold, unsold, and to be sold. Researchers of this Study. The researchers, being the main participants, will gain knowledge and experience to improve their skills. time to come researchers. This research can provide basis and references for future studies related to inventories.Scope and LimitationsThis inventory system is intentional and implemented to Guanzon MobiTek wherewith it is limited to the monitor of stocks for mobile phones and mobile devices. Alert signals were being given to the user when stock goes beyond the reordering system. This study consists of adding, updating, and deleting record of the stocks. If the suppliers had delivered the companys orders, the allowed personnel will login in this system then add the product including its quantity, model and the date delivered. For those unsold products, the personnel updates the records then delete the product. The proponents center in monitoring the sales and inventory of the Guanzon MobiTek which is located at Perez St. Dagupan City. The study is limited on the system on how to record the sold, unsold, and to be sold mobile phone products of the company.Definition of termsInventory management. all important(predicate) for the business that sells a physical product to make the companys system quick and reliable. runny phone. Mobile electronic device sold by the company which is used to make mobile knell calls across a wide geographic area, served by many public cells.Sales management. Management of sales operation, it is an important business functionas net cells through the sales of products and divine services.Computerization. To equip with computers.End user. The one who operates the computing system.Field. hotshot piece of information, such as customers last name, or items code number.Chapter 2REVIEW OF RELATED LITERATURE AND STUDIESThis chapter deals with the different literature and studies base on different sources such as books, magazine and Internet. The related literature is written based on the necessary information related to the system to provide the better understanding how Sales and Inventory System works and give a brief theoretical background. Data Processing or information, operation (e.g., handling, merging, sorting and computing) performed upon data in accordance with strictly defines procedures, such as recording and summarizing the financial transaction of a business. An self-activating or electronic data processing the operations are performed by the computer. Computer Security techniques certain to safeguard information and information system stored on computers. Potential threats include the destruction of computer computer hardware and software and the loss, modification, theft, unauthorized use, or disclosure of computer data. Inventory serves a number of functions.Among th e most important are the following To meet anticipated customer demand. These inventories are referred to as anticipation stocks because they are held to fit planned or expected demand. Inventory management has two main concerns. One release to the take aim of customer service, that is, to have the right goods, in sufficient quantities, in the right place, and at the right time. The other relates to the cost of ordering and carrying inventories. The overall objective of inventory management is to achieve satisfactory trains of customer service while keeping inventory costs within reasonable bounds. The management has two basic functions concerning inventory. One is to establish a system ofkeeping track of items in inventory, and the other is to make decisions about how a lot and when to order.A system to keep track of the inventory on hand and on order.A reliable imagine of demand that includes an indication of possible forecast error. Knowledge of lead times and lead-time vari ability. Reasonable estimates of inventory prop costs, ordering costs, and shortage costs. A classification system for inventory items. However, inventory-counting system can be semiweekly or perpetual. Under a periodic system, a physical count of items in inventory is make at periodic intervals (e.g., weekly, and monthly) in order to each item.An advantage of this type of system is that orders for many items come out at the same time, which can result in economies in processing and shipping orders. But it has also several disadvantages. These are lack of control between reviews, the urgencys against shortages between review periods by carrying stocks and the need to make a decision on order quantities at each review. A perpetual inventory system (also known as a continual system) keeps track of removal from inventory on a continuous basis so the system can provide information on the current level of inventory on each item.An obvious advantage of this system is the control provi ded by the continuous monitoring of inventory withdrawals. Another is the fixed level quantity. One disadvantage of this approach is the added cost of record keeping. check to Ariel Magat (2002), he stated that the Inventory System of the vital to any institution, agency, or department. The proper safekeeping, processing and electric pig of records play important roles in the efficient, effective and smooth operation that eventually, he stated that the Inventory System of the vital to any institution, agency, or department.The proper safekeeping, processing and disposal of records play important roles in the efficient, effective and smooth operation that eventually would lead to the success attainment of the goal and objectives of institution, agency and department concerned. establish on her recommendation there should be a central record management office that will hold data of the agency to serve as locator of the record and to control the disposal of each record. This can be p ossible through the use of computerized system. Computer with the appropriate software package is fitting if handling records efficiently and effectively. And locating records that are computerized is faster tha finding them in the filling cabinet (Magat, 2002).