We cannot deny that the inventory management issue becomes one of the issues of numerous organizations that store valuable items. The tracking limitation system in organizations and missing items constitute a huge obstacle leading to the loss of cost in terms of replacing missing products. Some organizations waste expenses with ordering new items to replace the missing one, but sometimes they might find that particular item later. According to Gershon’s research in 2013 of 500 retail and service industry employees conducted by Kessler International, 95 percent of all businesses have encountered employee theft, and roughly 40 percent of employees have stolen from their employers. Employee Theft Statistics from the Statistic Brain Research Institute in 2018 found that 75% of employees admitted to stealing from their workplace at least once.
CIEON Inventory Management System is a smart system incorporated to assist with inventory management systems by implementing a self-borrowing and a self-returning process. By gathering necessary data, such as item amount and status, the user who took the items, and the history of items and users, will help the owner to reduce the risk of missing and stolen items along with tracking users who took the items. The owner can follow the items and get more details about its status: borrow, return, lost, broken, and available. With the data from CIEON Inventory Management System website, the owner can recognize the current stock in the amount of available item, lost item, and broken item with a primary sign then fix it before returning it to be used in the system again. The owner can also look up the history of users who carried out some kind of process with the items via the online website. The implementation of CIEON Inventory Management System will benefit both employees and employers by deployment at the CIEON Inventory Management System process on the system website.