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Inventory Management

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    CHAPTER I
    INTRODUCTION
    Most of the hardware businesses being establish then and now uses the same old ways of product inventory .Due to their wide business they tend to neglect the importance of product inventory. Because of the growing numbers of computers users, this became an effective medium to demonstrate the promotion of their business to the public. From manual way of product inventory it will be more convenient and faster through the use of computers. Business owner can avoid human error because computer program is more consistent. Interactive usages to run and the stocks, sales, debit, credit are easier to monitor. The interactive usage of computers can be now addressed as part of the hardware inventory system. Inventory System is commonly used in the business world since these are needed to keep and track the systems of inventories in any company. This automation is an answer to the manual process that takes a lot of time in recording the transactions. This technologically aided process allows efficiency in data management. It paves the way for removal of inconsistent data and costly charges for massive spreadsheet purchases. Moreover, this is a practical system and allows user to easily track down the purchases, expenses and record for all inventories. Automated Inventory System has become main stream in the business industry because in the line of business time means profit.

    BACKGROUND OF THE STUDY
    In the aim of enterprise to supply the necessary materials to their clients, they idea of Inventory System is introduces. This includes the utilization for listing. Accessing and retrieving information that can effectively support the process of inventory and service approaches. The Accessibility and the restriction of products to sorted files in the retail store can be easy and improve the manual method doing by the owner are done completely finished within a week. From the start the owner never had an inventory for his business and imaging the vast of their business update using the hand written for inventory the computerized Inventory System will help them with this problem.

    OBJECTIVES OF THE STUDY
    Prevent shortages and production delay
    To know how much inventory should keep on hand meeting demand Track inventory levels in real time and optimize warehouse organization Can group similar product together and position popular products in ways that make easier to access when orders come in No double entry of product and control on pricing and inventory Searching, browsing, reviewing details, inventory search options that include product filtering and assigning inventory condition Flexible configuration that allows for back and during and display of out stock

    SIGNIFICANCE OF THE STUDY
    The proponent intended to enrich and upgrade the managing of their products into a systematic and faster way by developing a new system that will help the owner. More over this study address itself to the buyers, the clients, the suppliers, the owners and the workers who are planning to construct and build infrastructures which will give them enjoyment and less hassle in finding and inventing of their products. It will also help the hardware to attract customers to buy their productand to invest more materials to them.

    ECONOMICAL SIGNIFICANCE
    This study will help the enterprise store in their time management. It will help the owner to accomplish his/her task easily in generating stocks. It can help save time in updating and recording any supplies in their stocks.

    EDUCATIONAL SIGNIFICANCE
    This study will show to the public the importance of having an automated system that is very unusual to find in an enterprise like hardware most commonly on those who are using the manual processes.

    SOCIAL SIGNIFICANCE
    The study will be useful in making inventory in a short period of time. The value of work with progressed. Using computers it could be easy to record a new list of item or enter a specific item in an inventory.

    TECHNICAL SIGNIFICANCE
    This would help the owner to easily generate stocks about the merchandise records including the transactions and the available items. Thus this system will lessen the work in manually construction materials then update it. It will save much time and effort and it can be easily used.

    STATEMENT OF THE PROBLEM

    A. General Problem

    R.M Lazaro Enterprises is using a manual method of searching, listing and computing the price of the products and other construction materials that will consume a lot of time instead of using a more advance way that will lessen the work of the enterprise owner.

    B. Specific Problem

    Since they are using a manual method of searching, listing and computing the price of their products, compiling of files and receipt will be difficult. Also waste of time and hassle to both part of the worker and the owner in making an inventory of their products. It is also very unorganized and unsorted.

    SCOPE AND DELIMITATION
    SCOPE
    The proposal aims to establish a better way of communicating for RM Lazaro Hardware Enterprises. It also aims to lessen the work of the authorized personnel in accordance with the inventory monitoring of products and items and lastly the project aims to lessen data discrepancies and errors which are frequently arising from the current operations.

    DELIMITATION
    The project is delimited by the procurement system which is not included in the proposed system but accepts the procured products and items as an input
    for the inventory system.

    CHAPTER II
    REVIEW OF RELATED LITERATURE AND STUDIES

    RELATED LOCAL STUDIES
    J.P. Ryan Resources Inc. was established in February 1999 as a firm engaged in importing and trading of quality architectural and builder’s hardware. As of date, our company is the exclusive country distributor of P.C. Henderson, Reguitti spa, Dorint, Showa, Balco, PDQ Locks and Casa Serrature hardware products. Our company also acts as agent/dealer of other architectural products including a wide range of door locks, sliding door hardware, cabinet hardware, hinges, door closers, bathroom accessories, taps and drains and high-pressure laminates. We have since developed a sales and inventory system supplying to most major hardware stores and Builder Depot.

    RELATED FOREIGN STUDIES
    Under the Korean Red Ginseng Enterprise Sales and Inventory System, the researchers came up with a computerized sales and inventory system. The proponents used database to easy access of files and for easier and faster processing of the selling and inventory transaction. The program was designated to generate reports such as monthly reports, inventory reports, sales invoice and list of items.

    In connection with the proposed system, the proponents proposed a new and faster way of processing business transactions. The system also helped the user to know the availability of the products. It also helped the manager to monitor the stocks and to get immediate notice for acquisition of additional products.

    The Proponents acquires knowledge about the file processing and report generations through this study. It also gives the proponents ideas to create the proposed system’s reports in online sales and inventory system. Automation is mandatory, thus automated report generation for precise reports is to be included in the proponent’s proposed system. (J. De Leon,
    M. Ferrer, 2001)

    RELATED LOCAL LITERATURE
    Computer-based system is a complex system wherein information technology plays a major role. It makes the work easier, faster and more accurate. Due to that fact, the automated scheme has become essential to small and big companies for they are expected to give the best services possible. Nevertheless, some businesses still prefer sticking with the system that is not integrated with technology. Probable causes are computer illiterate staff and lack of funds. Companies, especially the big ones are recommended to switch from manual to automated systems because this will improve the efficiency and productivity of the business which will uplift the industry’s reputation.

    One of the most sought after automated systems of different companies is a purchasing and inventory system which comes hand in hand. A purchasing and inventory system is very important in every organization because a good purchase and inventory management can create excellent productivity. Primarily, i6nventory work consists of input, output and restock. Input is a process of buying new products into the inventory and replacing the old products with the new ones. Meanwhile, output is a procedure of taking out the products from the inventory for sales or usage and refill is a process of increasing the number of existing products in the inventory in order to fulfill the insufficient products or escalating demands. Most of the retailing market is using traditional way in the inventory management system where a person is assigned to check and record the stock by hand using pen and paper. It is where operations with regards to all the stock will be archived.

    RELATED FOREIGN LITERATURE
    Through the use of necessary infrastructure and implementation of the process, the computerized system can be more effective. The Computerized Inventory System with a point of sale the proponents will develop for PhilCom will help the company to manage their inventory keep record of sales. Track accounts and more proficient in customer relationship management. However the country or the company should answer the various challenges including the interactive connections, the electricity problems and the process of accessibility and privacy issues. In building the strengthamong the hardware, it is foremost important to address the issues that might affect the efficiency and effectiveness of the process. The idea of computerized inventory system is supported with the interactive environment of the country. This will serve as an advantage of the country to implement and negotiate the movement towards the computerized inventory system. (Porcado, 1992)

    SYNTHESIS
    The proponents believe that every literature and every studies stated in this research is similar on the present study. The proponents relate and differentiate the research based on theflow of their transaction from the proposed study. The transaction and process and also thedesign specialization will easy help to acquire and accommodate and communicate with the user.The proponents get and use other research in this chapter, in which it helps to them, because theyget knowledge during creating the systems.This Review of Related Literature and Studies, illustrate the specific and general task of the Inventory Management System, also the types of Inventory that gives a lot of knowledge for everyone before entering into business and using Inventory. In this chapter the proponents put adifferent opinion of others interms of Inventory, the Literatures and studies should get on theBook articles on the internet. Inventory Management system, tackled how you manage your inventory whether manualor computerized, both of that having advantages and disadvantages for the business, this chapter gives an idea also for the reader to review what use of Inventory to the business is.

    CHAPTER III
    MATERIALS AND METHODOLOGY

    Development Method

    After having a preliminary literature review, the next step is to show the method used in this study. The researchers decided to the waterfall model as their methodology. Waterfall is a software development model in which each phases is viewed as flowing downward, these phases were implemented in a sequential manner.

    Figure.1.1 Waterfall Model

    Planning, Requirements Gathering
    The researchers gathered all the possible requirements from the employee of RM.LAZARO Enterprises or the user of the system. This was done by observing and asking several questions from the user of the system and their customer. The proponent prepared needed materials for the development of the system such as related documents like books and internet to gathered information of the system on the purpose and possible impact and benefits of system to user. Conceptual Framework

    This figure shows the process of the proposed system. It shows the relationship of raw data, its process and its expected output.The system shows the workflow and the process that it can perform.

    Figure 1.2 Conceptual Frameworks

    System Design
    After documenting and analyzing the system requirements the researchers are now on the stage wherein the requirements gathered are being studied to come up with an idea of how should the system will look like. In this case, the researchers tried to specify the real problem for them to come up with a goal solution .In order to describe the flow of the system, there were different diagrams that are made by the researchers. These diagrams are used in doing and designing the system.

    System Coding and Debugging
    The student programmer will use the Visual Basic 6.0 as their master language and PhpMyAdmin Database System as their back end. They use different approach in coding their system, comments, names, labels and the formats. These coding techniques create and defined as more on efficient and effective for making the system. In order to gather ideas in coding difficult and complicated process to work the system, the programmer will look for related and other resources to find ideas on how to execute complicated flow of the process. Running the system is always executed by the programmers for the possible bugs and errors during execution. Other errors will be handled manually through changing code syntaxes or through syntax manipulation to improve the system accordingly and orderly.

    Testing
    All the programs that are individually made were tested and combine it together. The proponent reviewed the codes and tested the functionality of the whole system to make sure that there are no errors and bugs that affects on the execution of the system. After the software was tested the researchers connect the identified errors and modify the functionality of the system.

    System Development
    The researchers deployed the software in RM Lazaro Enterprises to test the system and to test the system and to see it really works well and meet the requirements of functionality by using the automated system.

    Final Evaluation and Presentation
    The proponents present the proposed system to RM Lazaro Enterprises owner and presents questionnaires for the final evaluation of the new feature and functionality of the system.

    Hardware and Software Requirements
    Hardware
    Intel (R) Core™ i5-2450M (processor)
    2GB DDR3 Memory (RAM)
    500GB HDD (Hard Drive)
    Mouse
    Keyboard
    Monitor (with screen resolution of 1366×768 or higher)
    Canon Printer (printer)

    Software
    Windows 7 Home Basic (64 bit)
    Visual Basic 6.0
    Microsoft Office 2010
    MySQL 3.51 ODBC Driver

    Tangible and Intangible Benefits
    Tangible
    Less time consuming for doing the inventory process
    Promote hardware use among customers and buyers

    Intangible
    Time saving
    The accuracy it ensures
    Organize Stocks
    Reduce the work of the employee
    Can easily update records and stocks

    Inventory Management. (2016, Jul 29). Retrieved from https://graduateway.com/inventory-management/

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