Inventory System


Review of Related Literature and Studies
This chapter presents a brief discussion of the literature reviewed by the researchers which further enriched the conceptualization of the study and helped in describing the cognitive design that guided the conduct of the researcher.

Foreign Literature
Companies need Inventory System
According to Eugene F. Brigman, in the book of Fundamentals of Financial Management published at year 2000 in the publishing company of Holt, Richard and Winston Sounders College Publishing; Companies are increasingly employing Inventory System. A computer start with an inventory counts in memory. Withdrawals are recorded by the computer as they are made, and the inventory balance is constantly revised. When the recorded point is reached, the computer automatically places an order, when this new order is received, the recorded balance is increased. Retail stores have carried this system quite far, each item has a magnetic codes, and as on item is checked out, and it passes over an electronic reader, which then adjusts the computers inventory balance, at the same time the price is fed to cash register tape.

Inventory System Consist
An inventory control system is used in many warehouses to track the location, quantity, and status of goods that are to be sold. Shipping and receiving of products is scheduled by an inventory control system. Inventory control uses barcodes and RFID tags to track specific items. An audit, or a physical count of inventory, is used to find out how many items are in an inventory. Inventory taking is often required in order to get an accurate count for accounting valuation purposes. Some inventory items have barcodes attached to them or imprinted on them. These barcodes can be read during an audit by barcode reading devices.
Source: Online Article (

Steps for   Inventory Management
This section of...