Review of Related Literature and Studies College
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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. Foreign Studies
Automation can draidatically affect all phases of inventory management, including counting and monitoring of inventory items; recording and retrieval of item storage locations; recording changes to inventory; and anticipating inventory needs, including inventory handling requirements. Effective Inventory Analysis. Get Data Related to Effective Inventory Analysis. For many distributors, inventory is the largest and perhaps the most important asset. Inventory ties up more money than buildings or equipment, and is often less “liquid.” It is crucial, then, that distributors develop and use a comprehensive set of tools that allows close monitoring of the performance of inventory investments. Read more about simple measurements that can help you maximize your investment in inventory.
According to the study of Edwin Bello and his fellow researchers of Computerized Monitoring and Inventory of Stock with Warning Level dated March 2005, many firms have thousands of items of inventory which require some form of control. The usage calculations and record keeping chores would soon become overwhelming were it not for the computer and its unique information storage and retrieval capabilities. http://www.studymode.com/subjects/related-studies-in-pos-page2.html (2011, 09). Chapter Ii: Related Literature and Studies of Inventory System.StudyMode.com. Retrieved 09, 2011, from http://www.studymode.com/essays/Chapter-Ii-Related-Literature-And-Studies-767850.html
According to the study of Anna Marie Beltran Distor of Proposed Sales Monitoring System issued 1995, the accelerated work structure of the company proper monitoring is essential in order to keep track of the company’s sales activities. Her system aims to come up with an efficient, and accurate mechanized system of preparing invoices that will keep trSack of the daily transaction and generate reports. Important information will be provided by this study in order to prove that the computerization of the company’s operation and achieve a more reliable and efficient means of monitoring day to day activities. Her system focuses on the analysis and design of the sales monitoring system which will monitor the stacks inventory of the sales departments. 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 (1990) in his book stated that, to improve their efficiency and reduce their cost of operation. Reports are more timely and accurate. Computers have large capacity to store data and tremendous speed to manipulate and recall data to the format a user wishes to use which the introduction of microcomputer computation of business is more affordable.
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 the flow of their transaction from the proposed study. The transaction and process and also the design 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 they get 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 a different opinion of others interms of Inventory, the Literatures and studies should get on the Book articles on the internet.
Inventory Management system, tackled how you manage your inventory whether manual or computerized, both of that having advantages and disadvantages for the business, this chapter gives an idea also for the reader to review what’s use of Inventory to the business.