Submitted by: Submitted by jcarl27
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Date Submitted: 09/15/2016 05:46 AM
Chapter 1
INTRODUCTION
Background of the Study
A point of sale inventory management 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.
Ravi (2010) pointed out that manual sales systems are time consuming, it is very
tedious, lots of paper work, slow data processing, it is not user-friendly environment and
it is difficult to found records due file management system.
In an early age when the most of the company are still using the manual system in
the sales and inventory most of the company encountered so many problems and this is
because of the process of the existing system is too slow and too long. According to Kaye
Morris (2010), manual inventory management system can help sales and production
managers control costs by identifying lost sales due to inventory shortages; inventory
overrides on products that are not selling; losses due to employee’s theft or damage.
Implementing an inventory management system can take a large amount of time
depending on the size and diversity of inventory.
ERRORS! Beyond it being time consuming, inventory counts and incorrect sales
figures can be detrimental to your business (Juarez, 2010).
1
To overcome the deficiencies of manual system, many companies have
automated their inventory system. This system is used to track or monitor the
merchandise and goods of a retail store. With an automated Sales and Inventory System,
business rely on computers to do tasks that were once performed manually, such as
inventory check and product sales. Automated Sales and Inventory System these process
can be handled in a timely manner and also be...