Sales and Inventory System

CHAPTER 1

PPROBLEM AND ITS SETTINGS

INTRODUCTION

Computers and information systems are essential parts of every business today. Like accounting and legal, every business needs to invest in technology to compete. Technology is both a cost of doing business, and an opportunity to do more business. Most people I talk with recognize the necessity of having a computer, an email address, and a web site, but still look at the upfront cost more than other issues.

Now the researchers decided to create a Point of Sale and Inventory Monitoring System. The point of sale system keeps track of that and you have the information at a glance.

A point of sale inventory monitoring system allows a business owner to have more than one business location and adequately keep track of inventory at each without being present. No more worries about employee theft or pricing inconsistency between one location and another. The boss can be away and not worry about employee theft. Employee efficiency can be maintained. Point of sale systems take care of those problems that result when management isn't present.

Another issue with more than one business location and inventory management is that point of sale systems help keep prices of inventory stable from one location to the next.

Points of sale systems make marking down prices and recording the markdowns easy. Instead of going through a mountain of receipts at the end of the day, the point of sale system calculates the markdowns automatically as sales occur. Like markdowns, if you want to promote your products, point of sales systems make it easy.

Promotions, discounts, and coupons can be tracked and the effect of these promotions recorded daily. Tracking the effect of promotions of products is almost impossible without point of sales inventory management systems.

Perhaps the biggest benefit of the point of sale inventory management system is that employees and management can focus more on the customer service aspect of the business...