Inventory System for Gamot Publiko Drugstore Document Essay

1.1Background of the directIt has been disclosed during the interview that Gamot Publiko Drug terminus needs a computerized enumeration system. The confederacys current stock-take monitory system though whole kit and boodle for them has to automate. A simplified computerized inscription system pass on be real helpful to the company since this forget expedite its armory workflow as well as generate very judgment of convictionly composings needed by the charge for its evaluation and review and over any decision making. An inventory mastery system is a process for managing and locating objects or materials. In public usage, the term may also refer to just the software components. late inventory control systems often rely upon barcodes and RFID tags to provide automatic acknowledgement of inventory objects. In an academic study performed at Wal-Mart, RFID reduced emerge of memory boards by 30 percent for products selling between 0.1 and 15 units a day. Inventory objects co uld include any kind of physical asset merchandise, consumables, heady assets, circulating tools, library books, or capital equipment. Inventory Systems help companies with colossal inventories to good and accurately monitor their stocks. With the use of a database, information will be readily available to the exploiter and can be easily updated without having to scroll through spreadsheets.1.2Statement of the ProblemAs employment has grown speedily , inventory monitoring becomes significant factor in managing overall business operation. The company had humble beginnings in terms of gross sales. From a few sluttish to handle flow of inventory stocks, the company had to handle bulky majority of stocks due to sales demand. The stock cards used as inventory monitoring sheets , were transferred to MS excel type control sheets. As sales and purchase volume increased, sales returns and inventory claims were inevitable. The process of updating inventory files became slow .Though reports are generated, they were usually delayed. The need for timely inventory reports is requisite in assessing business performance . A more convenient, slow to monitor, easy to access inventory monitoring system will ease the hassle on unaccounted inventory and delayed inventory reports.1.3Objectives of the Study1.3.1General ObjectiveTo mystify a computerized inventory system for Gamot Publiko Drugstore that will make its inventory monitoring convenient, efficient and timely.1.3.2Specific ObjectiveTo develop a module that will automate the monitoring and updating of the companys inventory. To develop a module that will provide a timely and convenient report generation.1.4Significance of the StudyThe company currently maintains inventory level at triad months of its sales requirements. Before the companys inventory turns low of its inventory level requirement, an order needs to be placed through a acquire Order duly approved by the companys responsible approving officers. T his Purchase Order is then sent to providers for credenza and sales pitch. Sometimes, the company does bulk order as negotiated between the supplier for big discounts and low pricing. So far, the company has never encountered any problem among its supplier . Goods were so far been delivered in good condition and on time .1.5Scope and LimitationFor the companyOur System would help the company to make easier to store and retrieve all the data file. I will allow the management to check and closely monitor the data file transaction and office of their stock.For the userThis System lessens their time of work in checking and updating all the files and protecting of the files are included in this system so the user might open the file without concern of something happen to it.TransactionsStock OrderingA stock order simply means the order of magnitude of new stock to refill the inventory, replenish shelves or when a large order has been made etc. The warehouse will be contacted and the delivery will be made.Customer PurchaseA Customer Purchase simply means that the customer will buy what they want or what they need in the company.