Inventory System Argumentative Essay Example

establish a business that could cater to the masses.

The stores were then opened near two gas stations in Quezon City. They all started with a capital of P40, 000 with almost twenty-four employees working continuously. This continuous service gained Burger Machine the nickname of "the burger that never sleeps." After a year, a third store was opened and the company gained national recognition. In 1990, the Corporate Office in EDSA began and was named EDSA Business Unit. It was also in this year when the Food and Nutrition Research Institute of the Department of Science and Technology confirmed their burgers as a “source of the most nutrients in terms of peso value compared to other leading hamburger chains.” Throughout the years, Burger Machine launched numerous branches including stalls and full-scale fast food restaurants.

During the Asian Financial Crisis in the 90's, Burger Machine faced numerous challenges and had to close down several branches and restaurants. The company has since returned to its original 24/7 burger stands for the masses, but still relies on a manual inventory system. However, a manual system can have several disadvantages that can impact the business's sales and income.

Scope and limitation

• The system monitors the usage of raw ingredients and remaining materials.
• A computerized menu shows the available products and their prices.
• The program tracks the total number of products sold and revenue generated.

Limitations:

• The system cannot be used by other companies.
• Accurate information requires regular updates.
• The system cannot verify the correctness of information entered, as it relies on the operator.
• The system is limited to
  

calculating available products and usage.

The study's significance lies in the development of virtual inventories which form the basis for direct marketing businesses and their success.

We aim to conduct a study to develop a system that will enhance the value of Burger machine enterprise. This system will decrease the risk of overstocking while maintaining the appropriate amount of ingredients for a specified duration. Its goal is also to improve order accessibility, thereby increasing sales. The implementation of a virtual inventory system can lower the working capital requirement. Inventory typically represents a significant asset for direct merchants. By operating without physical inventory, the freed-up capital can be utilized in other areas like marketing and circulation. With more funding allocated to marketing efforts, growth can be accelerated without the need for additional inventory capital. Moreover, if inventory levels are assured by the vendor, more resources can be allocated for marketing purposes.

The main reason for higher valuations in virtual inventory companies compared to traditional companies is their potential for faster growth. When a company grows quickly, it typically receives a higher valuation. This study addresses the problem faced by Burger Machine stalls, which have been using a manual materials inventory system for a long time. This system has proven difficult to maintain and accurately track inventory. Additionally, as the demand for products increases, so does the challenge of keeping track of the materials or ingredients used in production. Consequently, the researchers decided to conduct a study to develop an appropriate virtual materials inventory system for Burger Machine stalls that would prevent overstocking and enable easy access to products, ultimately

resulting in increased profits.