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Inventory Management Systems
Systems Analysis and Development
Professor Irene Hoskins
October 19, 2014

Inventory management systems were before reserved for large enterprises and retail chains but they are becoming more and more popular among smaller businesses and vendors. Automating your inventory control system to track and reorder your merchandise is vital for the success of any business that plans to compete in the modern world. A barcode scanner would be needed to read the barcodes on the items in stock which is stored on a computer or in the software of most Point of Sale (POS) Systems today. The information is tracked by the central computer system or the POS inventory control system software which serves a range of functions to tract the merchandise.
These Inventory control systems make it very easy to locate and analyze inventory information in real-time with a simple database. They can help workers locate items on an order list in a warehouse or on the sales floor, it can also inform managers of depleting high demand stocks.

To modernize and automate her store on a budget, we could consider Pay Anywhere, which is a great solution system for any business on a budget. For the Pay Anywhere infrastructure all is needed is a Samsung smart phone or tablet or iPhone, iPad or iPod and download and install the application. They will send you a free card reader for each device so you can accept credit cards. You can also request their POS System, which is their own tablet that has a card reader built in and software preloaded. Next she will need a cash drawer and thermal receipt printer that is compatible with the Pay Anywhere software which they provide a list on their site for each. A scanner could be added to the setup to streamline and speed up the checkout process.

The cost of the each piece is relatively small for a full scale design look. If she decides to order their POS system with Pay Anywhere’s preloaded software would be free. The cash drawer which is a must have in any retail store, is going to be just under $125. The scanner which will be used to scan the barcodes on the items is around $125. The thermal receipt printer would be the most expensive item coming in at $180. There is a charge of 2.69% per swipe which is almost three cents off every dollar, is not a bad tradeoff for starting on a budget.
The other thing that is a must in this system is an internet connection. In which she could get the cheapest plan which is around $40 per month and the wireless router which a decent one will cost approximately $80 dollars.

For my system setup there is virtually no continuous maintenance required for the system to run as efficiently. Ideally the only thing I would think that needs any updating is the stored inventory. The store might want to discontinue a non –performing item and replace it with another trendy new item. Suppliers might discontinue that one or many of their products supplied to the store.

Below is a diagram of how the system will work from the start to the finish which is the product being reordered the product.

Reference:

http://www.cribmaster.com/automated-inventory-management-system.html http://www.barcodesinc.com/articles/inventory-control-system.htm

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