ipl-logo

Intended Project Goal Paper

1059 Words5 Pages

Intended Project Goal - Ensure a continuous supply of raw materials to facilitate uninterrupted production. - Maintain sufficient stock of raw materials in periods of short supply and anticipate price changes. - Maintain sufficient finished good inventory for smooth sales operation, and efficient customer service. - Minimize the carrying cost and time. - Control investment in inventory and keep it at an optimum level. Objective - To keep the inventory list organized. - To ensure the time efficiency to increase productivity. - To minimize the inventories’ investment and maximize the profitability. - To make sure the optimum size of inventory for effective sales operations by controlling the quantity of products to reduce overcrowding. - To …show more content…

- Analyses the total sale and proportionately deducts appropriate amount from the resource database. - Keep track of any changes that may influence inventory needs. Stakeholder Information - Staff : direct users of the system to carry out business in the shop - CEO of EL company : making decision that will affect the specification of the software to obtain more profitability. - Marketing manager : the person who is responsible to pay the software engineer for the project - Suppliers : The people who provide the goods for the shop. Technology Aspect - Hardware aspect  Require a computer RAM, memory space of at least 2GB, RFID (barcode) scanner - Software aspect  Compatible with window XP and newer  Using java, flash player, adobe plugin  IDE used Microsoft visual studio 2015  Software language used C++, C#, java, java …show more content…

These methodologies help us to define what kind of the inventory system the company and the staff needed and bring more convenience to them. (D4). Functional Requirement  Purchase item(s) - The system is able to scan and read bar code, identify the item(s) according to the bar code. - The system is able to track the cost of the product by scanning the bar code of the item(s), or by manually key in the name, serial number and bar code.  Search item(s) - The system allows user to search and filter item(s). - The system allows user to trace the product.  Record payment - The system is able to calculate the total pay amount for each purchase. - The system is able to total up the sales every day. - The system is able to calculate the profit. - The system is able to generate receipt.  Record stock quantity - The system is able to record the quantity of stocks. - The system is able to update the quantity after incoming and outgoing of stocks. - The system is able to save the record for existing amount of stock available in the outlet.  Restock item(s) - The system allows the user to check the quantity of

Show More
Related

Unit 20 M1

876 Words | 4 Pages

BTEC SALES PLANNING AND OPERATIONS Unit-20 By: Aishath Shivany (A000934) Submitted Date: 29 April 2017 Assignment Zacoom Holdings presents 1 | P a g e By: Aishath Shivany (A000934) BTEC Sales Planning and Operations Unit 20 29 April 2017 Table of Content Page Executive Summary .............................................................................................................................. 2 P3.5. The Use of Database in Effective Sales Management ............................................................... 3 1.

Read More

Wgu Audit Task

529 Words | 3 Pages

Clients must keep records and books of accounts including cash book, sales ledger, purchases ledger and general ledger. Supporting documents such as invoices, bank statements, pay-in slips, cheque butts, and receipts for payments, payroll records and copies of receipts issued should be retained. A valuation of the stock in trade should be made at the end of the accounting period and the appropriate records maintained. Company should record sufficient to explain each transaction and to enable a true and fair profit & loss account and balance sheet to be prepared. At the end of the accounting period, a physical stock-take should be made to ascertain the quantity and the cost of the stock in hand or the cost of work in progress statements and

Read More

Nt1310 Unit 3 Data Collection

616 Words | 3 Pages

It is imperative to understand the current conditions of what materials are candidates for return, compared to the performance level of returns achieved each day. The delta between the identified material returns and the actual returns will provide information for goal setting. Additionally, with the transfer of raw materials into the warehouse, there must be a transaction to receive it into inventory and distribute it to the appropriate location. At that point, the process will be complete for the appropriate accounting of the materials, creating availability for consumption at the next production demand. The data collected will be influential in developing a robust procedure for each assembly line to follow in a consistent manner.

Read More

Est1 Task 5

713 Words | 3 Pages

So these restaurants should be really careful in managing the inventories. RFC using fixed –time period model in order to managing their inventories. This model is used in order to maintain the item “in stock”. This can monitoring the inventory level and

Read More

Business Analysis: Target's ERP System

1231 Words | 5 Pages

The inception of new technology by the company made it easier and cheaper to keep track of the exact location, current price and other related and useful data about most items in a store or en-route to a store. Target uses scanners to avoid errors and delays while accurately creating a record of what has been sold and what remains in stock. To send data from the scanners to computers, radio transmitters are used. The floor clerks can scan the barcode of any item to tell them the number of that particular item that should be on the sales floor and the number in the storeroom. It helps to locate the item on a particular shelf and can also indicate if the item is in transit from the distribution center.

Read More

Walgreens Business Plan

871 Words | 4 Pages

Clerks use the above information to track Customer transactions to resolve any customer complaints for refunds & exchanges

Read More

Financial Benefits Of Cole Hardware

134 Words | 1 Pages

The technology offers optimization by providing the store owner a process that embraces the greatest value and benefit of their overall inventory management strategies. Furthermore, the technology also offers analytics that provides the store owner sales tracking and revenue stamina

Read More

Tamplin's Core Businesses To Increase Operational Profit

664 Words | 3 Pages

Effective inventory management may enhance asset turnover and lower carrying costs. In order to fulfill demand, managers should maintain an ideal amount of inventory without using up too much cash. . A thorough analysis of capital investments might result in increased asset turnover. Division managers should concentrate on initiatives that have a greater potential to boost productivity and income, which will enhance the asset turnover

Read More

Stein Mart's Downturn

936 Words | 4 Pages

Point-of-sale systems and mobile technologies can be used to increase efficiency in the system by tracking sales of items in inventory. Since shelf space is the largest costs for companies selling their products, inventory tracking and optimization can help remove items that don’t generate sales. This in turn can create additional space for other items that are profitable and allow for experimenting with new products. Another application for prescriptive analysis could be optimization of

Read More

Aztek Chocolate Studio Accounting System

1244 Words | 5 Pages

Development in both technology and information science has seen revolutionary changes in accounting. Today there are some programs aiding bookkeeping, reporting, and record of financial process within a business (Pal, 2014). The majorroles of an accounting system include; first, data collection and storage. An accounting system effectively and efficiently does storage (Pal, 2014).

Read More

Fit-4-Life Fitness Center: Database Analysis

520 Words | 3 Pages

It serves, for example, for the management of stock data, allowing the recording of input and output data of the various products of the

Read More

Walmart Vs Target

1044 Words | 5 Pages

With the economy not doing so well and millions of families looking for ways to get more bang for their buck, companies have to make sure that customer satisfaction is upheld. Americans are more aware of value these days and want to stretch their dollars. A great way to accomplish this is by having great customer service, excellent company performance and operational efficiency. Some key benefits that tracking inventory delivers are high sales, a decrease in inventory stock out and rain checks and increase in inventory turnover.

Read More

The Direct Project Goals

686 Words | 3 Pages

The Direct Project and Its Goals In 2010, the Nationwide Health Information Network created something to “specify a simple, secure, scalable, standards-based way for participants to send authenticated, encrypted health information directly to known, trusted recipients over the internet” ("Direct project," 2014). The Direct Project was created and focuses on technical standards and services that are necessary to push content from a sender to a receiver and not the actual content exchanged securely. Using the Direct-Project-specified transport standards may satisfy some Stage 1 Meaningful Use requirements when these services are used by providers to transport and share qualifying clinical content. It is my hope that by reading this,

Read More

Target Vs Walmart

1727 Words | 7 Pages

By reading the RFID signals on each product, information is collected and entered on a database on a continuous basis. This information can be automatically transmitted to suppliers. Thus, allowing both Target and its suppliers to efficiently track inventories. Walmart has been using this system since the recession of 2008; which as aloud them to out preform Target which sales have dropped by over 10% and their revue has dropped even

Read More

Determining Goal Discussion Paper

422 Words | 2 Pages

CM3100-Week Three- Determining Goals Discussion “Leaders that clearly understand the significance of goal setting and how they play an important role in developing goals, will ultimately lead a more successful team in their work environment” (eep5109, 2013, p. 1). Before leaders can determine goals for an organization, they must first understand the importance of goal planning and practice it in their everyday life. A person who practices goal setting in their personal life can set the example for others. Shawn Doyle (2016) gives his advice, “Start setting goals in your personal life.

Read More

More about Intended Project Goal Paper

Open Document