Review of Related Systems

CHAPTER 2
REVIEW OF RELATED SYSTEMS

This chapter presents the review of related literature and studies that have some relevance to the
research proposal about point of sale system.
Foreign Literature and Studies:

As defined by Carolina Barcode Inc. (2013), a Point-of-Sales system is a computer software and
hardware networked together to track sales and inventory as they occur. Point-of-Sale systems
will solve a multitude of problems in your business. It is one of the focal points of any retail or
hospitality business in the cash register. The ability to process transactions and tender cash are
essential to the efficient operation of the enterprise. If you have a lot of cash transactions,
replacing the cash registers with a Point-of-Sale (POS) system save you money.
In early age when most of the company are still using the manual system in the sales and
inventory, most of the company encountered so many problems and this is because of the process
of the existing system is too slow and too long. According to Kaye Morris (2010), manual
inventory management system can help sales and production managers control cost by
identifying lost sales due to inventory shortages, inventory overrides on products that are not
selling, losses due to employee’s theft or damage. Implementing an inventory management
system can take a large amount of time depending on the size and diversity of inventory.
According to the thesis of Carlo Magno “There was a ground swell to move from paper signature
and documents because the task of record management was huge. We had file cabinets full of
backup materials. By converting from manual process, we would be able to eliminate a lot of
paper. We could go further with the automation of manual process and remove manual
paperwork if people trusted the technology.
Point-of-Sale system have replaced traditional cash registers, largely for functionally reasons
POS systems, as they are sometimes called, are relatively easy to use and help provide valuable
data for important decision makers. In order to keep up with the record-keeping needs of small
and mid-sized business, a good point-of-sale system is necessary. Web-based point-of-sale
systems are preferred over software-based POS system because they are easily upgradeable, and
feature access from multiple computers (Carter,2012).
The best thing about having a computerized POS system in your retail business is as new stocks
arrives and as it is sold, it keeps the stock levels current and updated, hence making it is easier to
identify which items are selling and which items are not. A POS Systems is also good in
checking for any obsolete or out of date stock that needs to be disposed. If you are still counting
your inventory manually on the shelves or in the warehouse, you should think twice about your
method, for there are many advantages in using a POS System. One advantages of a POS System
is its ability to help your business achieve detailed real-time stock level information.
In addition, a POS System can also give you information such as weather forecast, public
holidays and major sporting events, which can be of great help in determining the stock level of
seasonal products. You can now efficiently and effectively handle your stock management
accurately (Ganderton,2010). One of the biggest, and probably one of the most important,
advantages of an automated sales and inventory system is that it helps business focus on their
biggest goal, to improve the costumers experience at the store (Mueller,2011). With this system,
companies can have a better understanding of customer demand through the analysis of their
sales and inventory.
Local Literature and Studies:
The sales and Inventory System of the vital to any institution, agency, or department. The proper
safekeeping, processing and disposal of records play important roles in the efficient, effective
and smooth operation that eventually would lead to the success attainment of the goal and
objectives of institution, agency and department concerned. Based on her recommendation there
should be central record management office that will hold data of the agency to serve as locator
of the record and to control the disposal of each record. This can be possible with computerized
system. Computer with the appropriate software package is capable of handling records
efficiently and effectively. In addition, locating records that are computerized is faster than
finding them in the filling cabinet (Magat,2007).
According to Gemma Navaro (2012) Computer is general purpose device which can be
programmed to carry out a finite set arithmetic or local operation. Computer has a big rule in our
nation today because of our technology. Wherever you go computer still exist, especially in
business it makes the procedure easy and secure by programming the manual system into a
computerizing system. The rule of technology in our life today has a big impact.
Averion, Gaela, and Libo (2009) stated that inventory system help to minimize the difficulty of
the manager in processing inventory because physical products, stocks and computing inventory
summary will be the system job. It will monitor the availability of products, items to prevent
under stocking, over stocking and running out of stocks. The system will also simplify the
transaction between dealer and supplier relationship because of the updated supplier information
and price list of items will correspond to collaboration with other supplier.
According to the thesis of Carlo Magno “There was a ground swell to move from paper signature
and documents because the task of record management was huge. We had file cabinets full of
backup materials. By converting from manual process, we would be able to eliminate a lot of
paper. We could go further with the automation of manual process and remove manual
paperwork if people trusted technology.
According to J. De Leon and M. Ferrer (2009) Under the Koread RedGinseng Enterprise Sales
and Inventory System, the researchers came up with a computerized sales and inventory system.
The opponents used database to easy access of files and for easier and faster processing of the
selling and inventory transaction. The program was designated to generates report such as
monthly reports, sales invoice and list of items.

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CHAPTER 2

REVIEW OF RELATED SYSTEMS

Foreign Literature and Studies:

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