A RETAIL FURNITURE TRADER'S INVENTORY SYSTEM

Abstract

An important factor any business is to manage its inventory.  The family business, TJF, which is the focus of this research, has no systematic inventory recording system, yet this is a home furniture dealer whose main investment and activities are related to inventory.  TJF’s old manual inventory record itemized only current product quantities and never collected historical data.  The research to design an appropriate new system began with document reviews of the old stock records, plus interviews with owners and workers.  The oldest data was only one year old and some had been lost or not collected.  A physical stock count was therefore made to create accurate records.  Codes for each item were created, to reduce errors from picking the wrong products and to make it easier to remember products.  A daily stock movement record was designed, to be used with new computerized stock records.  With this record system, the firm now has ready access to accurate details of its total inventory and costs.