Inventory

Chapter II

REVIEW OF RELATED LITERATURE AND STUDIES

This chapter covers the conceptual framework of the researcher’s proposed system. It also includes the local and foreign literature and studies, definition of terms which defines the technical words and terms used in the system.

Conceptual Framework

OUTPUT

PROCESS

INPUT

Figure 2.1 IPO Diagram

This shows the IPO (Input-process-output) diagram of the system

More Record that contains Errors,

Wasted time and effort

Manual Record of Sales and lnventory for LMC

Record

of Sales and

Inventory

Figure 2.2 Existing System Diagram

This is the existing system diagram illustrates the problem in the manual style and system of the company; record that contains errors and wasted time and energy.

Record

of Sales,

Inventory

and Stocks

Less error of records,

Saves time and effort efficiently

Computerized Records

of Sales and Inventory for LMC

Figure 2.3 Researcher’s Proposed System

This is the researcher’s proposed diagram shows the solution to problem; less errors and saves time and effort efficiently.

Review of Related Literature

This discusses the foreign and local literature. The informations indicated were gathered in internet sites, journals and various books relating to the researcher’s topic.

Foreign Literature

According to Janes (2011) stated that computers are extremely reliable device and very powerful calculators with some great accessories applications like word processing problem for all of business activities, regardless of size, computers have three advantages over other type of office equipment that process information because computer are faster, more accurate more economical.

Inventory management systems were created to help dealerships implement, maintain, and fine-tune their inventory plans. Dealers who use inventory management systems realize quicker vehicle turns and a higher ROI than dealers that don’t....