THE DESIGN AND IMPLEMENTATION OF A STOCK WATCH PLOTTER (A CASE STUDY OF UNITED AFRICA COMPANY (UAC)

CHAPTER ONE

1.0 INTRODUCTION:

This project is based on the Design and Implementation of a stock watch plotter, a case study of UACN plc Enugu. Stock can be defined as the value of the shares in a company that have been sold or as well can be defined as a share that somebody has bought in a company or business. Stock market as well can be defined as a public place where the business of buying and selling of large or small shares in a company is being carried out. The designing and implementation of a computerized stock plotter involves a critical analysis of the existing system in order to discover where the problems are from.

The aim of this study is to design a system that keeps controls and monitors the movement of stocks / shares in the company using UACN as a case study. The system produces various reports of the information of stocked items, by the Nigerian stock Exchange.

However procedures towards achieving this aim are not hit free especially the hierarchical analysis.  To be able to manage information adequately does not imply that they are efficient. The centre of interest would be surrounded by the computerized accounting system full of tediousness in their prolonged procedure, in converting raw data into human and material reassures. Time is also lavished.  

Not withstanding, the result of this processing are hardly reliable sometimes due to possible errors which sets in a result of human nature of inconsistency.

This problem also extends to storage and retrieval. From the research done about the problem, it has been found that the manual problems and obstacles could be totally eliminated or at lest be reduced to a very large extent by using a well designed modern system such as computers. With computer program, the elongated procedures could be automated to avoid duplication and redundancy.

1.1     STATEMENT OF THE PROBLEM:

Organization exists within an environment that is subject to change and these changes often pose severe challenges to the organization; it may be due to changes in government policies, lack of awareness, change in demand of the public, the inability to evaluate the benefit derived from the technological inventions, fermenting influence of competitors, and modern use of recent technological development and capital shortage innovations which culminate into the major problems of business survival and continuity, hence denying customers of this advance services and their flexibility choice and convenience associated with this current software, the stock watch plotter.

These challenges have increased tremendously over the years, such that some organizations which are not competent and skilled enough to use the ever evolving global technology have folded up, while some struggling to keep up with the changes make little or no profit due to low productivity. This implication of this trend on the nation’s economy is grave and thus a solution to it will help the development and growth of the economy.