Moreover, the recent development of powerful computer programs capable of addressing a wide variety of record keeping needs including inventory management in one integrated system have also contributed to the growing popularity of electronic inventory control options. Effective results from measuring the performance of each salesperson should have a purpose: Management can make rapid decisions to increase revenues, such as ramping up production immediately in one location because of a sudden surge in demand in another part of the world. The design of the system will depend on the extent to which the department of materials management is involved with other hospital departments. Planning in its final form should be in writing with the steps needed to reach the final destination. Once it has been corrected it is time to outline an agreement to reach the stated goals. By using a computerized inventory system, a business owner can ensures that all orders, reports and other documents relating to inventory are uniform in their presentation, regardless of who has created them.
Project Study 2 25 Sales Monitoring System Chapter 2 The researchers had been motivated to do a study on this topic according to the above observation. Remember me on this computer. Also, the inventory monitoring system slows down production when a product’s retail sales levels don’t meet the sales forecast and the company overproduces the product. Merchandisers, also called retailers, buy products from wholesalers and manufacturers, add a mark-up or gross profit amount, and sell the products to consumers at a higher price than what they paid. For example, some systems use recent sales data to forecast how many of a type of product will be needed to meet consumer demand in the near future.
Probable causes are computer illiterate staff and lack of funds. Competitive Advantage Automated sales and inventory monitoring gives a company a competitive advantage by linking different automated processes within the supply chain.
(DOC) CHAPTER 2 Review of Related Literature and Studies | Mon De Mamon –
Once it has been corrected it is time to outline an agreement to reach the stated goals. Keeping records of sales and inventories manually are the current method used by the company.
One of the most sought after automated systems of different companies tthesis a purchasing and inventory system which comes hand in hands. The design of the system will depend on the extent to which the department of materials management is involved with other hospital departments.
Project Study 2 19 Sales Monitoring System Chapter 2 Measuring the Performance The ability to measure performance depends on the use of success-based criteria as a model to compare daily, weekly and monthly numbers.
Some intangible factors that can be difficult to quantify are the salesperson’s ability to build relationships and “connect” with customers, and whether or not there is a clear purpose of the call or meeting.
Chapter 2 – Sales Monitoring System
Then review the progress for the last 12 months and determine how it compares to the budget compliance standards. Based on the data gathered, the researchers find out that San Miguel Corporation Tubigun Sales Office will be benefited if their sales and inventory system will be automated.
The factors can be tangible and intangible. Computers today are now used as a substitute to manual processes and other past inventions like the radio, television, etc. Because a sale involves customers, there are other factors impacting sales, as well.
Inventory systems can be affected by a host of international, product, and supply factors. As multinationals invest billions of dollars into Thai operations, it is essential that they design and manage systems that are congruent with the local needs.
The system also helped the user to know the availability of the products. According to Balbiran, Geronimo, Porters, and Ruiz who develop an automated sales and inventory system for San Miguel Corporation Tubigon office that designing a system for involve careful planning and the system analyst must consider some factors in order to have an application program that is compact, efficient and could handle day-to-day transaction. Meanwhile output is a procedure of taking out the products for the inventory for sales or usage and refill the insufficient products or escalating demands.
Most of the retailing market is using traditional way in the inventory management system where a person is assigned to check and record the stock by hand using pen and paper. Monitoring the transactions and other significant information regarding the customer is the main concern of this study.
If the performance levels do not lnventory the basic standards set by the company, or if lnventory performance falls more than 10 percent from last year’s numbers then it is time to move into a corrective step of action. Though it might sound unnecessary but in some cases when storing a file for such a big company, can you manage it properly?
Factors involved in computerizing the purchasing and inventory control functions in hospital pharmacies are described. Also the work of the management and the time consume during inventory will be minimize.
The said foreign and local studies contribute ideas to the proponent in order to originate the proposed literature. Project Study 2 25 Sales Monitoring System Chapter 2 The researchers had been motivated to do a study on this topic according to the above observation.
Data retrieval has to be searched in lots of registers slowly and it wastes a lot of time.
Chapter 2 – Sales Monitoring System
How it Works The system compares current inventory levels of a product and the number scheduled for production with the number needed, and determines if the level of production must be changed. You can invemtory this document to your saved list Sign in Available only to authorized users.
Merchandisers, also called retailers, buy products from wholesalers and manufacturers, add a mark-up or gross profit amount, and sell the products to consumers at a higher price than what they iinventory. This article highlights key factors affecting the type of inventory systems implemented in Thailand, which can be of value to developing countries making the transition into newly industrialized ones.
This increase in usage of iventory proves that computers have affected every aspect of our lives and have become one of the necessities. Monitoring Sales for Accountability By Sales Creator Measuring Sales Performance Most companies have the problem of measuring the performance of their sales staff because each salesperson is different and they work in varied methods.
This system enables us to make every detailed work and follows accurate directives without error. Also, the inventory monitoring system slows down invsntory when a product’s retail sales levels don’t meet the sales forecast and the company overproduces the product.
The facts and data contained in related literatures and studies are related to the proponent proposed study.