ABSTRACT
Inventory system is important to ensure quality control in businesses that handle transactions revolving around consumer goods. Without proper inventory control, a large retail store may run out of drug stock on an important item. A good Inventory system will alert the retailer when it is time to reorder. Inventory system is also an important means of automatically tracking large shipments. For example, if a business orders ten pairs of socks for retail resale, but only receives nine pairs, this will be obvious upon inspecting the contents of the package, and error is not likely. On the other hand, say a wholesaler orders 100,000 pairs of socks and 10,000 are missing. Manually counting each pair of socks is likely to result in error. An automated Inventory system helps to minimize the risk of error. In retail stores, an Inventory system also helps track theft of retail merchandise, providing valuable information about store profits and the need for theft-prevention systems. Automated Inventory system work by scanning a barcode either on the item. A barcode scanner is used to read the barcode, and the information encoded by the barcode is read by the machine. This information is then tracked by a central computer system. For example, a purchase order may contain a list of items to be pulled for packing and shipping. The Inventory system can serve a variety of functions in this case. It can help a worker locate the items on the order list in the warehouse, it can encode shipping information like tracking numbers and delivery addresses, and it can remove these purchased items from the inventory tally to keep an accurate count of in-drug stock items. All of this data works in tandem to provide businesses with real-time inventory tracking information. Inventory system make it simple to locate and analyze inventory information in real-time with a simple database search.
TABLE OF CONTENTS
TITLE PAGE
CERTIFICATION PAGE
DEDICATION
ACKNOWLEDGEMENT
ABSTRACT
TABLE OF CONTENTS
CHAPTER ONE
INTRODUCTION
STATEMENT OF THE PROBLEM
PURPOSE OF THE STUDY
IMPORTANCE OF THE STUDY
DEFINITION OF TERMS
ASSUMPTION OF THE STUDY
CHAPTER TWO
LITERATURE REVIEW
APPLICATIONS
INVENTORY CONTROL
CHAPTER THREE
3.0THE EYEBALL SYSTEM
3.1RESERVE DRUG STOCK (OR BROWN BAG) SYSTEM
3.2PERPETUAL INVENTORY SYSTEMS
CHAPTER FOUR
4.0DRUG STOCK CONTROL
INVENTORY CONTROL RECORDS
CHAPTER FIVE
CONCLUSION
LIMITATIONS OF STUDY
SUGGESTION FOR FURTHER RESEARCH
REFERENCE