Philippines related study of billing and inventory systems

Nara Mondigo CHAPTER II Review of Related Literature and Studies This chapter presents a brief discussion of the literature reviewed by the researchers which further enriched the conceptualization of the study and helped in describing the cognitive design that guided the conduct of the researcher. Small Business Administration, The U. Small Business Administration publication describes what constitutes successful inventory management balancing cost versus benefits of inventory, including Maintaining a wide assortment without spreading the rapidly moving items too thin, Increasing inventory turnover without sacrificing service, Keeping stock low without sacrificing performance, Obtaining lower prices by making volume purchases, Maintaining an adequate inventory without an excess of obsolute items. This system records the quantity of items sold as items are purchased.

Philippines related study of billing and inventory systems

Sales and Inventory System Thesis Documentation | kim ivory santiago - regardbouddhiste.com

It also includes the local and foreign literature and studies, definition of terms which defines the technical words and terms used in the system.

Review of Related Literature This discusses the foreign and local literature. Foreign Literature According to Janes 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. Choosing the right system can make a significant contribution to your inventory management efforts.

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This strategy helps a lot to come up with a successful outcome. According to the U. Small Business Administration,pp Small Business Administration publication describes what constitutes successful inventory management balancing cost versus benefits of inventoryincluding: Maintaining a wide assortment without spreading the rapidly moving items too thin, Increasing inventory turnover without sacrificing service, Keeping stock low without sacrificing performanceObtaining lower prices by making volume purchases, Maintaining an adequate inventory without an excess of obsolete items.

According to the Nicole Falloninvestors in uncertain, rapidly changing product markets likeconsumer electronics react more strongly to customer satisfaction. Nokia, for example, saw a rise in its American Customer Satisfaction Index ASCI figure in May, followed by reports of increased interest from large institutional investors.

According to Stair and Reynolds on their book, Principles of Information System, sales and marketing information systems are used to develop new good and services product analysisdetermine the best location for production and distribution facilities place or site analysisdetermine the best advertising and sales approaches promotion analysisand set product prices to get the highest total revenues price analysis.

Systems made for Filipinos by Filipinos. We are a dedicated team of locally nurtured but globally competitive Filipinos who are striving to provide the best possible service to their fellow countrymen. We are not just eyeing for the profit, we are aiming to give you the best. The study entitled “LAN-based Assessment and Billing System for Camiling Colleges”, presents the possibilities of helping the cashier or person-in-charge by developing a system that enhances the existing manual system to satisfy their clients, the students. In the study from Averion, Gaela, and Libo () entitled “Monitoring and Inventory for discovery regardbouddhiste.com”, it stated that: “It will minimize the difficulty of the manager in processing inventory because physical counting products, stocks and computing inventory summary will be the system job.

Transaction processing are efficient because they process a set of transaction related commands as a group rather than individually to protect data integrity however, TP systems ensure that if any single element of a transaction fails, the system does not process the next transaction.

Sales are affected by maany factor besides advertsing, such as product features, price and availability. Service is the anything which organization offers to customers.

It is the means by which customers needs are satisfied. Service organizations nee to follow a strategic approach for effecctive service that can increase customer satisfaction that influences the profitability Ketler, The process of counting the sacks of rice is done manually, which corresponds to difficulty in tallying the number of available stocks and sold items.

The Manual generation of inventory reports such as daily, weekly, quarterly and annual inventory list of records remains as one of their key problem since the establishment of the business. The transaction processing system for Best Choice Rice Dealer will minimize the difficulty the owner in processing inventory.

It will monitor the availability of product items for reorder to prevent under stocking, overstocking or running out of stocks. The system will also generate necessary reports of inventory such as sales reports. It will monitor the availability of products, items to prevent under stocking, over stocking and running out of stocks.

This system of hers is somewhat related to our study but our system focuses more on the inventory monitoring system of a trading company. Popular author of Accounting, Waldo T. Passion () in his book stated that, to improve their efficiency and reduce their cost of operation. In business like merchandising, Sales and Inventory system plays an important role. It is used to track all the transactions made by the business and responsible for monitoring the items supplies. All the business transactions must be properly recorded and must be fully secured by password. In the study conducted by Benipayo (), entitled “Study on the RM/GS Billing System of the Manila Electronic Hotline Telephone Company”, stated that billing system is an essential component of the revenue generating function of the company.

The system will also simplify the transaction between dealer and supplier relationship because of the updated supplier information and price list of items will correspond to collaboration with other supplier.

It is therefore highly advisable to do both the manual and the computerized inventory system in a retail and wholesale business. The commodities, new devices, services, in technology are needs of man for a better fuller life which is concern of the research.local studies in inventory system in philippines can cost-effectively deepen their local customer relationships.

For example, a Midwest distributor created an online catalog tool that it adapts for each customer based on purchase history and that provides real-time inventory and order status. ACCOUNTING AND AUDITING IN THE PHILIPPINES 31 The Accountancy Act , which replaced the Accountancy Act , governed the standardization of accounting education, stipulated the examination process for CPA registration, and regulated the practice of.

Philippines related study of billing and inventory systems

Dynamic Inventory is a powerful, user-friendly inventory-control software solution designed specifically with small to mid-size companies in mind. Our solution is cost-effective and solves many common problems that only expensive enterprise-level solutions have solved in the past.

In the study from Averion, Gaela, and Libo () entitled “Monitoring and Inventory for discovery regardbouddhiste.com”, it stated that: “It will minimize the difficulty of the manager in processing inventory because physical counting products, stocks and computing inventory summary will be the system job.

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This system of hers is somewhat related to our study but our system focuses more on the inventory monitoring system of a trading company. (9)According to Kj Henderson, they have a three major advantages by using of inventory system these are (Time savings, Accuracy, and Consistency) which helps a lot for a business man to increase the sales .

Chapter II. REVIEW OF RELATED LITERATURE AND STUDIES¶.

Philippines related study of billing and inventory systems

The literature and studies cited in this chapter tackle the different concept, understanding, and ideas, generalization or conclusions and different development related to study of the enrollment from the past up to the present and which serves as the researchers guide in .

CHAPTER II | Nara Mondigo - regardbouddhiste.com