Management System
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CHAPTER II
REVIEW OF RELATED LITERATURE AND STUDIES
Introduction
This chapter presents the review of related studies of the current system and the proposed system relevant to the software project. This will tackle about the milk tea, point-of-sales transaction, point-of-sales system, inventory system and costing system.
Milk tea
Milk tea is tea with milk added. In some parts of the world (such as parts of India), milk tea is the default type of tea, so 'tea' usually refers to milk team while 'black tea' or 'tea without' refers to tea without milk. (Raymundo, 2012)
Point-of-Sales Transaction
A point of sale transaction is an exchange between a buyer and seller at a specific “place.” This place can be a physical location, such as a store front or vendor’s cart, or a virtual location such as a call-in number or website. The means through which a business owner captures the information related to a point of sale transaction is referred to as a POS system.
Point-of-sales System
Refers to the area of a store where customers can pay for their purchases. The term is normally used to describe systems that record financial transactions. This could be an electric cash register or an integrated computer system which records the data that comprises a business transaction for the sale of goods or services. (Coffey, 2014)
Inventory System
Inventory management is vitally important for any business that sells a physical product. An inventory system must balance having enough inventories on hand to meet the demand of customers while investing as little money as possible in inventory. Perishable products add another dimension of management considerations because they must be cycled through the inventory system more quickly and stored in a way that preserves their value. (Wells, 2014)
Costing system
A cost accounting system (also called product costing system or costing system) is a framework used by firms to estimate the cost of their products for...
REVIEW OF RELATED LITERATURE AND STUDIES
Introduction
This chapter presents the review of related studies of the current system and the proposed system relevant to the software project. This will tackle about the milk tea, point-of-sales transaction, point-of-sales system, inventory system and costing system.
Milk tea
Milk tea is tea with milk added. In some parts of the world (such as parts of India), milk tea is the default type of tea, so 'tea' usually refers to milk team while 'black tea' or 'tea without' refers to tea without milk. (Raymundo, 2012)
Point-of-Sales Transaction
A point of sale transaction is an exchange between a buyer and seller at a specific “place.” This place can be a physical location, such as a store front or vendor’s cart, or a virtual location such as a call-in number or website. The means through which a business owner captures the information related to a point of sale transaction is referred to as a POS system.
Point-of-sales System
Refers to the area of a store where customers can pay for their purchases. The term is normally used to describe systems that record financial transactions. This could be an electric cash register or an integrated computer system which records the data that comprises a business transaction for the sale of goods or services. (Coffey, 2014)
Inventory System
Inventory management is vitally important for any business that sells a physical product. An inventory system must balance having enough inventories on hand to meet the demand of customers while investing as little money as possible in inventory. Perishable products add another dimension of management considerations because they must be cycled through the inventory system more quickly and stored in a way that preserves their value. (Wells, 2014)
Costing system
A cost accounting system (also called product costing system or costing system) is a framework used by firms to estimate the cost of their products for...