Inventory

SAMSON COLLEGE OF SCIENCE AND TECHNOLOGY

CUBAO BRANCH

Name: Fentolo , Cristopher

Singson,Laurence

Clemente, Lai –ann

Point of Sales and Inventory System

For

MOBEA ENTERPRISES

TOPIC

I. GENERAL SUBJECT AREA

POS AND INVENTORY SYSTEM FOR MOBEA ENTERPRISES

II. SPECIFIC TOPIC

DEVELOPMENT OF INVENTORY SYSTEM

III. SPECIFIC RESEARCH

A. INTRODUCTION

Point of Sale (POS) and Inventory management is vitally important for any business that sells a physical product. An inventory system must balance having enough inventories on hand to meet the demand of customers while investing as little money as possible in inventory. An inventory system is basically a process whereby a business keeps track of the goods and material it has available. In its simplest sense it can be done manually by a count at the end of each day. In this way it is possible to keep a record of the goods coming in to the business and goods being sold. However this is only really appropriate for small businesses that do not have a lot of stock. For larger business it is more likely that a computerized system will be required. These days a computerized Point of Sale and inventory system is the most likely to be used by medium and large businesses although some small businesses may also use this. These typically use barcodes or radio frequency identification tags to keep a record of inventory objects. This can be used to keep a track of customer orders, monitor the stock a business has available for fulfilling orders and also provide details of when inventory needs to be restocked. Using computerized Point of Sale with Inventory will give benefits to the business owners, employees and to the customers. Computers and bar codes allow for a more efficient management of inventory levels and provide a clearer view of inventory movement. More businesses are using transactional review systems because computerized systems can link to the point of sale with automatic debiting of...