Chapter 2 Related Studies and Literature

Chapter 2 Review of Local and strange Studies and Literature Local Studies According to the guinea pig of Anna Marie Beltran Distor of Proposed Sales Monitoring placement issued 1995, the accelerated work structure of the company proper monitoring is intrinsic in order to keep track of the companys gross revenue activities. Her arranging aims to come up with an efficient, and accurate mechanized form of preparing invoices that entrust keep track of the daily transaction and generate reports.Important schooling bequeath be provided by this study in order to prove that the information processing systemization of the companys operation and achieve a much trusty 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 much on the inventory monitoring system of a trading company. Local Literature Popular author of Accounting, Waldo T.Passion (1990) in his bear stated that, to improve their efficiency and fall their cost of operation. Reports atomic number 18 more timely and accurate. Computers deplete hulky capacity to store selective information 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 afford up to(p). Foreign Study According to the study of Edwin Bello and his fellow researchers of Computerized Monitoring and scroll 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 retentiveness chores would soon become overwhelming were it not for the computer and its unique information storage and retrieval capabilities. Iventory solicitude is a process of developing and maintaining products that be in demand by cu stomers efficient inventory management, an important scenery of physical distributor, can help a firm achieve its dinero goals. For instance, Hanes Hosiery Inc. evelop a computerized inventory management system to drastically reduce the time needed to restock a store carrying Hanes product, orders that once took septet days to reach a store now arrive in one. Good inventory management balances the cost of holding a large inventory with the cost of losing sales because of shortages, or stock outs, of certain products. star inventory management technique used to achieve this balance I just-in-time(JIT) inventory, popularized in Japan.Companies using JIT maintain smaller inventories by ordering more often and in smaller quantities, just in time for production. put down place manufactures, which makes metal fireplace in Santa Ana, California, trimmed its inventory from $1. 1 million to $75,000 using JIT. In the meantime, sales doubled because the firm was able to be respond to cust omers orders much faster. The study is somewhat similar to our systembut we ar focusing on inventory monitoring rather than inventory management of a system. Foreign Literature Kendal and Kendal (1999) p. 85 in his book said, The computer was adapted initially to take over the routine work and ramp personnel for more creative task(in addition to holding certain exceedingly routine task for more rapidly done manuals). Ralph M. Stair(1984) p. 57 of his book Priciple of Data Processing said, The purpose of a management information system is to get the ripe information to the right people at the right time. The success of any organization depends on good decision-making and good decision-making depends on good information.