Those that were included in thus chapter helps in familiarizing information that are relevant and similar to the present study 2. Sales and inventory data enables the company to increase or decrease production in the factory so the company won't have too many finished goods stored in its warehouses. Function A sales and inventory monitoring system collects data to aid in production scheduling. For example, some systems use recent sales data to forecast how many of a type of product will be needed to meet consumer demand in the near future.
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Get Access Review of Related Literature and Studies Essay Sample This chapter presents a brief discussion of the literature reviewed by the researchers which further enriched the conceptualization of the study and helped in describing the cognitive design that guided the conduct of the researcher.
Foreign Studies Automation can draidatically affect all phases of inventory management, including counting and monitoring of inventory items; recording and retrieval of item storage locations; recording changes to inventory; and anticipating inventory needs, including inventory handling requirements.
For many distributors, inventory is the largest and perhaps the most important asset. Read more about simple measurements that can help you maximize your investment in inventory. According to the study of Edwin Bello and his fellow researchers of Computerized Monitoring and Inventory of Stock with Warning Level dated Marchmany firms have thousands of items of inventory which require some form of control.
The usage calculations and record keeping chores would soon become overwhelming were it not for the computer and its unique information storage and retrieval capabilities.
Related Literature and Studies of Inventory System. Retrieved 09,from http: Her system aims to come up with an efficient, and accurate mechanized system of preparing invoices that will keep trSack of the daily transaction and generate reports. Her system focuses on the analysis and design of the sales monitoring system which will monitor the stacks inventory of the sales departments.
This system of hers is somewhat related to our study but our system focuses more on the inventory monitoring system of a trading company.
Popular author of Accounting, Waldo T. Passion in his book stated that, to improve their efficiency and reduce their cost of operation.
Reports are more timely and accurate. Computers have large capacity to store data and tremendous speed to manipulate and recall data to the format a user wishes to use which the introduction of microcomputer computation of business is more affordable.
Synthesis The proponents believe that every literature and every studies stated in this research is similar on the present study. The proponents relate and differentiate the research based on the flow of their transaction from the proposed study.
The transaction and process and also the design specialization will easy help to acquire and accommodate and communicate with the user. The proponents get and use other research in this chapter, in which it helps to them, because they get knowledge during creating the systems.
This Review of Related Literature and Studies, illustrate the specific and general task of the Inventory Management System, also the types of Inventory that gives a lot of knowledge for everyone before entering into business and using Inventory. In this chapter the proponents put a different opinion of others interms of Inventory, the Literatures and studies should get on the Book articles on the internet.
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A sales and inventory monitoring system collects data to aid in production scheduling. For example, some systems use recent sales data to forecast how many of a type of product will be needed to meet consumer demand in the near future.
The related literature discussed all the deal of the attendance system which have something to do with the present study.
The profiles of the items give easier efforts to monitor the attendance. The related studies discussed the time efforts of employees concerned are maximizes for productivity of reports and our proposed system provides .
1. RELATED LITERATURE. Foreign Related Literature. Sales & Inventory Monitoring Systems. by.
Audra Bianca, Demand Media. Data Collection for Decision-Making. Using this type of system, a company makes strategic business decisions regarding raw material purchases, production scheduling, pricing, logistics and other decisions in the supply chain.
Local Related Literature Inventory Ordering System By Globe Business Philippines With just a few keystrokes, track your supplies using Globe’s Inventory Ordering System.
The cost-effective and highly innovative inventory management system gives you instant access to stock levels, allowing for timely orders and zero wastage.