2 - Feasibility Analysis Study of (Inventory Management System)
PS: This research would benefit everyone, as this post will be archive in my website and to the Students who wants to grab a copy and analyze our research. The cost and benefits are not real, we only
FEASIBILITY ANALYSIS STUDY
This section is the evaluation of a proposed project to determine if its technically feasible, feasible within estimated cost, and will be profitable. The researchers created the following feasibility analysis for the Inventory Management System of the company Transmission Specialist INC.
A. Technical Feasibility
The Inventory Management System of the company Transmission Specialist INC is feasible technically; however, there are some associated risk.
- System risk with regards to the familiarity of technology is moderately low because of the following reason(s):
- They still want to use the Excel Software
B. Economic feasibility
The cost-benefit analysis was performed; see attached spreadsheet for details.
It shows that the system has a good chance of significantly enhancing the company’s bottom line. It was found out that the total tangible benefit alone excluding the intangible benefit outweigh the cost. This simply implies that the system is economically feasible. Below are some of the highlights of the economic study.
ROI over 5 years: 200.00%
Break even occurs after .35 years
Intangible Cost and Benefits
- Easy to Use
- Simple and easy to understand User-Interface
- Low cost Maintenance
- Less Usage of Papers
- Save Allowance for losing and buying Tools and Equipment
C. Organizational feasibility
From an organizational perspective, the system can be considered as low risk project. The management of Transmission Specialist INC. has a big interest in the researcher’s project.
The Users and the management of the Inventory Management System of Transmission Specialist INC. are expected to appreciate and find the new system offered easy to use.
The Costs and Benefits is based from Philippine Currency (PHP). Current conversion of USD/PHP is 53.00PHP = 1 USD
Read More About Feasibility Study
GitHub Repo - In a Few Days
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