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Objective - To Find Out The Inventory Management in Chemist Outlet

The document discusses inventory management at a chemist outlet. It notes that the overall business volume and number of items and suppliers have grown exponentially, making current manual management methods difficult. All business partners and customers now demand faster response and delivery that align with digital transformation. Implementing a computerized system with bar code readers, printers, and enabled software would simplify processes, provide up-to-date accounting records like receivables, payables and trial balances, and help sustain the outlet's leadership through improved inventory tracking, sales, and warehouse management.

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ShivamKumar
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0% found this document useful (0 votes)
46 views2 pages

Objective - To Find Out The Inventory Management in Chemist Outlet

The document discusses inventory management at a chemist outlet. It notes that the overall business volume and number of items and suppliers have grown exponentially, making current manual management methods difficult. All business partners and customers now demand faster response and delivery that align with digital transformation. Implementing a computerized system with bar code readers, printers, and enabled software would simplify processes, provide up-to-date accounting records like receivables, payables and trial balances, and help sustain the outlet's leadership through improved inventory tracking, sales, and warehouse management.

Uploaded by

ShivamKumar
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Subject : Production and operation management

Submitted By14202078 -SHIVAM KUMAR MAHTO


14202070 - SOURAV DEY
14202118 -PURNENDRA SHRIVASTAVA
14202088 -DURGA CHARAN ROUT
Section- B , MBA-1

Objective To find out the inventory management in


Chemist outlet.
The Overall volume of business has grown exponentially. The items and the suppliers have
been dealing have grown in numbers. Day by day it is becoming increasingly difficult to
manage it with the current method of running business.
All business partners have joined the technology bandwagon and they have changed their
style of business. Even customers are demanding the speed with which need to respond
and deliver.
The use of Computers, Bar Code readers/printers/scanner enabled software will only
simplify business needs and will help to sustain current leadership status.

Day Books:
The system does online posting to respective account and thereby provides up to date
Accounts Receivable/Accounts Payable and Trial Balance every time.
Purchase

Sales
Invoicing

Purchase Order

Sales Register

Purchase Register

Debtors Ledger

Creditors Ledger

Accounts
Receivable

Accounts Payable

Schemes & Gift


Vouchers

Accounts
Cash & Bank Book
General Ledger
Adjust Payment
Against Bills
Age Analysis
Journal Voucher
Register
Trial Balance

Inventory:
Barcoding of products in user defined format. Allows to scan barcode of different type(i.e.
system generated,mrf. Barcode, product code etc.)
Stock movement statement: Online stock information of selected products for chosen
warehouse ,Track Inter Warehouse Stock Movement
Warehouse Management : Allows user to sale products for multiple Godown and Auto
Transfer goods from one warehouse to another.

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