StudyBoss » Business » The Computerized Inventory System

The Computerized Inventory System

In 1999, the University of Alberta Facility Inventory System benchmarked the practice of computerized Inventory System of equipment on campus for departmental, faculty, and central administrative functions. The accountability to ensure that all new equipment acquisitions are itemized is always given to the Facility Inventory System. At the outset, this involves scrutinizing all completed purchase orders followed by an Equipment Inventory staff member locating and tagging the equipment and processing the information needed by the system to easily track the equipment given to a certain office in the near future. The ability to provide with the complete task by using borrowing and lending system that elaborate data user is solely entrusted and assigned to the Facility Inventory System.

Magat in 2002, on his local study, pointed out that the employment of an Inventory System is vital to any institution, agency, or department. Magat put forward that proper safekeeping, processing, and disposal of records play important roles in the efficient, effective, and smooth operation that will eventually lead to the success attainment of the goal and objectives of institution, agency, and department concerned.

Vividly written on Magat’s recommendation towards a better inventory procedure is to have a central record management office that will hold data of the agency to function and serve as a locator of the record and to control the disposal of each record. This will only be made possible and realistic through the use of a computerized system. A computer with the appropriate software package is capable of handling records efficiently and effectively. In a similar way, locating records that have been computerized is much faster and less tedious than finding them in a dusty filling cabinet.

In this study, the researchers focused on the inflow and outflow of motors, number of stocks available, and income of the said business the researchers are referring at. The researchers provided an Inventory System that ensures that the right volume of the right motor units are on hand and available. With this, expected distribution on a particular day was also deemed significant.

Furthermore, related studies reviewed in this section were of great help and assistance in pursuing this research which sought to create and innovate a system that will provide an efficient Inventory System that will make the target users easily recognize and tally their sales.

The previous studies that had been particularly focused on this subject matter are presented as follows leading to the optimum opportunity to develop the idea of this research.

Cite This Work

To export a reference to this article please select a referencing style below:

Reference Copied to Clipboard.
Reference Copied to Clipboard.
Reference Copied to Clipboard.
Reference Copied to Clipboard.

Leave a Comment