Related Literature and Studies Inventory System Essay Sample

Related Literature and Studies Inventory System Pages
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Every piece of ongoing research needs to be connected with the work already done to attain an overall relevance and purposes. The review of literature thus becomes a link between the research proposed and the studies already done.

I. REVIEW OF RELATED LITERATURE

A. Foreign Literature

1. Janes (2011) stated that computers are extremely reliable device and very powerful calculators with some great accessories applications like word processing problem for all of business activities, regardless of size, computers have three advantages over other type of office equipment that process information because computer are faster, more accurate more economical.

2. Reyes (2005) task would be time consuming to accomplish manually and more practical with the aid of computers field in cabinet.

3. Inventory Management Systems

Inventory management systems were created to help dealerships implement, maintain, and fine-tune their inventory plans. Dealers who use inventory management systems realize quicker vehicle turns and a higher ROI than dealers that don’t. Choosing the right system can make a significant contribution to your inventory management efforts. This strategy helps a lot to come up with a successful outcome. (Zierden, 2009).

4. Differences Between Manual & Computerized Accounting Systems According to Shanker (2013), the main difference between manual and computerized systems is speed. The processed data through accounting software can create reports much faster than manual systems. A calculation through automation minimizes errors and increases efficiency. The inputted data can easily be summarized in just a few clicks. While the manual computing with paper and pencil is much cheaper than a computerized system, which requires a machine and software. Other expenses associated with computerization include training and program maintenance. Expenses can add up fast with costs for printers, paper, ink and other supplies. A third difference between manual and computerized systems is the ease of backup of a computerized system. All transactions can be saved and backed up, in case of fire or other mishap. It cannot be done with paper records, unless the personnel involve can make copies of all pages which is long and inefficient process.

5. The Advantages of Manual or Computerized Accounting

(Drew, 2013), most companies use manual or computerized accounting to track expenditures and income. The business records may be analyzed to help business owners make future financial decisions, using the advantages of either manual or computerized accounting. Computerized accounting has the advantage of increased efficiency and time management when compared with manual accounting. “Computerized accounting has the advantage of higher accuracy when compared with manual accounting,” according to the College Accounting Coach. The potential for human error is greater when employees are manually completing accounting procedures.

B. LOCAL LITERATURE

II. REVIEW OF RELATED LITERATURE

A. FOREIGN STUDIES

1. Computerized databases

From the site 123HelpMe.com, the author pointed out the first problem in the catering service in Leeds where the business use a manual system of recording, the manager and employees organize food, entertainment and decorations etc. for different events e.g. banquets and weddings. This means that the catering service has lots of records of different information to keep e.g. different business’s or customer’s information.

If the manager wants to look up some details on a particular customer so the manager has to go through each record in the records book as he doesn’t know whereabouts the record of this particular customer is in the book because the book is in no specific order. The records are written into the book in order of when it is received. Looking for the record can take a long time and it can be quite difficult to look for the record because of the numerous amount of information the business has. So the author created an easy-to-use system that will help the company find, sort and change information more quickly and efficiently.

The researchers had chosen computerized database because it is the quickest and most efficient solution and also because It allows large amounts of information to be stored in a relatively small space. Information can be quickly and easily retrieved from the database (much quicker than searching a filing cabinet). Data can be re-sorted very quickly into any desired sequence. Information can be kept up-to-date with very little effort. Large amounts of valuable information can be used by the management of a business Selective information can be obtained very quickly e.g. a list of customers who live in a particular area.

2. Record-Keeping Systems Adoption by Louisiana Dairy Farmers In this study, age was found to decrease the probability that a farmer would believe their computer was not at all useful and also of limited usefulness, while increasing the probability that a farmer would believe the computer was very useful to the farm business. Older farmers were more likely to perceive the computer as more useful.

Technology adopters were more likely to view the computer as very useful and less likely to view the computer as not at all useful. The more statements a farmer generated for financial analysis, the more likely he was to adopt computerized record-keeping systems. Thus, farmers with a greater interest in record-keeping were likely to find the computer more useful because it can make financial analysis much easier compared to paper based records.

3. Designing and Implementing a Book Rental System

The study stated that the best way to solve the information handling problems is by setting up a new system on a computer using software package. The researcher used a computer because he thought it would be more accurate and easy to find things. The researcher would also say that it would be more organized for the customers rather than doing it by hand. Using a database package would be better because databases allow you to store a lot of information and it can do it very quickly.

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