The automated inventory management system will enable the company view various reports containing

vital data such as the estimated profits to be accrued from the available stock. The system can also easily give
details such the name of the product, quantities sold and the quantities in store.
Such information is needed when making decisions on what items are reducing in stock and thus needto
be purchased.The automated inventory management system will improve the process of selling products
tocustomers that is quantities for sale will be identified against that customer and the system willautomatically
calculate the total costs for each thus saving on time spent while serving a customer.The system will enable the
managers track transactions and total sales made by specific salespersonper day and also view reports of the loyal
customers which information would later be useful fordecision making.

This IT project intends to provide an accurate and effective Online Inventory

and Monitoring System which will benefit the following:

Provincial Health Office.The Provincial Health Office (PHO) handles the

monitoring of records regarding the inventory of medicines of the different District
Hospitals in the whole province of Benguet.

Provincial Accounting Office.The proposed system will lessen the time,

enhance the level of work, help its processes more reliable and efficient, and
provide accuracy and security of data and information. It will contribute to the
development of the Benguet Capitol and add to its competence.

District Hospitals. The development of better data manipulation, retrieval,

and data storage through computer based systems can strengthen Benguet district

hospitals transactions and operations. It will enable users to retrieve and render
correct data on the records. Computerization of files and documents saves time and
space in office environment. It will contribute to the development of the district
hospitals.

Furthermore, the proposed system will lessen the work of employees or

officer-in-charge in the inventory and monitoring process and provides faster access
of inventorys information. It will also reduce or eliminate the percentage of human
error in tallying in the inventory process. Monitoring and updating of inventory
records can be easily accommodated.

Researchers.The project serves as a basis of their study. It engages their

knowledge in programming activities to create a computerized system. It will also
serve as a tool to sharpen their knowledge and ability in developing a computerized
system.

Employees and other personnel who are having difficulty counting the inventory stock
manually and many small calculations on payroll that is wrong due to human error will
acknowledge the proposed MiniMart Convenience Store Inventory and Payroll System.

https://www.youtube.com/watch?v=1-iSxKsQdFs

https://prezi.com/yqgzliy-rkrk/sales-and-inventory-system/
For the company:

The study is significant to the company because it will provide easy-to-use and easyaccessed system thus; transactions will be more reliable and faster that they do not have to hire
another employee to do the job efficiently.
For the employee:
This study is important for the employee because it will provide easy-to-use system so
their job will be easier and faster.

Significance of study:
-

The research is believed to have the following importance.

The study will show the overall inventory management system of the
campus
The study will suggest solutions for the problem related to inventory
management function in main campus
It enables employees of inventory management evaluate them selves
It will indicate the strengths and weakness of the firm inventory
management practice.

Inventory management cover wide variety of activities in the in

venture management there is some functions the function are
To carry adequate stock to avoid stock out
To ensure optimum level of stock so that total inventory cost is
minimized (Nair, 2002, PP 575-576)
To bay the right quantity of perishable items so that loss in cured by
unsold items are minimized.
To order sufficiently higher quantity at a time so that repeated ordering
and costs incurred in such manner can be reduced.

2.3. The need for inventory

Inventory is essential for every thing to get their resources efficiently
and effectively.
To gain economies in purchasing beyond current requirements.
To maintain service stock while replacement stocks are in transit.
To protect against variations in demand. (S. C. Sharma (1999), P. 509)

2.6 Significance of inventory

The word inventory refers to any stock on hand at a given time. If
materials is held for future use in an idle or unproductive sate waiting
its intended purpose.
The relative importance of inventory management to an organization
can b arrange by the over all investment in inventory and the
magnitude of materials costs for all products. Inventory so late one
part of the system from the next to allow each work independently
absorb the stock of for cost errors, and permit the effective utilization
of inventory management to control the lot sizes to that the over all
costs associated with the purchase or manufacture are at a minimum
(Terisine, R.J. 1994. 20-2)
Poor inventory management implies having enough item available
when needed but not so much that an unnecessarily cost surplus
incurred inventories are assort of lubrication for the supply production
supply distribution system that protects it from excessive friction.