PROJECT OVERVIEW

Project Name
Sales and Inventory Management System is an integrated software
which includes computerized accounting systems and inventory
management. Every transaction will automatically update the companys
database to reflect the corresponding requirement in terms of inventory and
finance. Generating sales from multiple transactions would no problem;
because it is a sales and inventory management system in place, the
information will be in real time and there will be no delays in the
transmission of information especially to the inventory unit.

Project Description
The purpose of a sales and inventory system is to ensure that the
company has the right amount of inventory. Sales and inventory systems
track both sales and inventory figures continuously so that the number of
each item on hand is more likely to be accurate. It can help a business avoid
excess inventory by predicting customer demand.
The sales and inventory system will reduce the total amount of
inventory the company needs to monitor at any time.
The primary goal of the sales and inventory management system is to
acquire ample amount of the items used within the business.
The advantages of the Sales and inventory system are: (1) improve
accuracy of recorded information, (2) reduce excess amount of inventory, (3)
predict customer demand, and lastly, (4) maximize companys profit.
The success criteria depend on:
The accuracy in maintaining records of the inventory levels
Ease of use when it comes to updating inventory levels
Ease of use when generating reports specifically inventory and
sales reports
Project Completion Date
The researchers will make the system which will be presented to the
Patrick Tatakan @ Iba Pa. The sales and inventory management system will
be available for use of the company before the end of April 2017.

Project Budget
The project budget is needed for the implementation of the sales and
inventory management system. It is defined as the authorized amount of
financial resources to be allocated to carry out the project goals and
objectives. The project budget will include the cost of the computer set at
approximately P17, 000.

Project Sponsors
The project sponsor is the one authorized to approve and provide funds
for the project. The manager and owner Mr. Patricio Mendoza of the Patrick
Tatakan @ Iba Pa will fund the project proposed by the researchers.

Project Key Deliverables

A key deliverable is an item - either tangible or intangible - produced

as a part of a project. The researchers will include status report, system
software and the users manual for the desired outcome of the sales and
inventory management system.
PROJECT SCOPE
Project Characteristics/Requirements