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Inventory Management System - Essay Example

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This paper "Inventory Management System" focuses on the inventory and asset tracking which means the manner in which physical assets followed. This can either be in the form of smart tags or scanned barcodes tags that are usually attached to the physical assets…
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Inventory Management System
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Download file to see previous pages The term computer means an electronic device that is capable of accepting information which is the form of data and thereby converting it to the desired outcome based on the set of instructions handed over (DeMarco, 2005). Also, a program may be used to influence the desired out. However, the main purpose of a computer comes down to storing of useful information which may include records on inventory.
Printer: this is an output hardware that is capable of printing documents in an alphanumeric or graphic way. In this case, the printer will be used in printing out daily and sales reports. This is very important since it is a source of backing up documents for future use.
Barcode scanner: this is a special device that scans the barcodes and interprets the information therein (DeMarco, 2005). There is the need of using it when making a sale so as to prevent any mistakes from happening. Therefore, the moment it captures the data, the system automatically subtracts the bought item from the available stock.
Material: these are funds which will be used for purchasing the necessary materials. The materials are necessary for the general running of the system and the include printers, computers and furniture.
The purpose of these reports is to help the manager in understanding which orders that are open and the ones that are overdue. This is very important because the manager is aware the orders they are yet to receive and the ones that are overdue. ...Download file to see next pagesRead More
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