CHAPTER ONE 1.0 INTRODUCTION Renting,Also Known As Hiring Or

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CHAPTER ONE 1.0 INTRODUCTION Renting,Also Known As Hiring Or (PDF) DOWNLOAD FREE PDF ON DESIGN AND IMPLEMENTATION OF ONLINE VIDEO RENTAL SERVICE CHAPTER ONE 1.0 INTRODUCTION Renting,also known as hiring or letting, is an agreement where a payment is made forthe temporary use of a good, service or property owned by another. A video rental shop/store is a physical businessthat rents home videos such as movies and prerecorded TV shows. Typically, arental shop conducts business with customers under conditions and terms agreedupon in a rental agreement or contract, which may be implied, explicit, orwritten. Many video rental stores also sell previously-viewed movies and/ornew, unopened movies. In the 1980s, video rental stores rented VHS and Beta]tape copies of movies, although most stores dropped Beta tapes when VHS won theformat war. In the 2000s, video rental stores began renting DVDs, whicheventually displaced VHS. In the 2010s, video rental stores added high-definitionBlu-ray discs to their offerings. Video rentals are also offered in otherbusiness such as drugstores or convenience stores. The widespread availability of video on demand oncable TV systems and VHS-by-mail services offered consumers a way of watchingmovies without having to leave their home. With the advent of the World WideWeb, Internet services such as Netflix have become increasingly popular sincethe mid–2000s. All of these new ways of watching movies have greatly reducedthe demand for video rental shops 1.0 BACKGROUND OF THE STUDY Traditional film rental stores base their inventorydecisions on formulas using historical rental data, store size, and box officesales among other factors. As titles become less popular, inventory can bereduced by selling previously viewed copies to members for a low cost. Titlesthat are out of stock are often compensated with coupons good for a free rentalwhen it is available again. The film rental industry is an ever evolvingindustry that changes with the economy, evolution of culture and technology andto remain viable in the business, the clients must be willing to evolve. In theentertainment industry, video or movies purchase and rentage has evolvedsignificantly since 1888 with the creating of an expert film titled “RoundhayGarden Scene” created by Louis Le Prince and this film has remained the earliestexisting motion picture. The first homemovie was “Betamax” by the Sony Company in 1975 which was in fact very costly.This was followed by Magnetic Video in November 1977. George Atkinson was the first person to launch videorental store in Los Angelis in December 1977 and the development continues. Asof march 2008 there were approximately 10,200 DVD vending kiosks in operationacross the USA with a market value of $198million represented through almostdouble the number of DVD kiosks in operation as there are many stores currentlyin America. The growth of DVD vending as opined by David Drain,former Executive Director of Self Service and Kiosks Association, Thepotentials of automated DVD rental is tremendous because they are perfect forhigh traffic, high frequency location such as grocery stores, restaurants,Laundromats, apartment complexes, college campuses and airports Reuters in 2008 highlighted the benefits ofautomated DVD vending. They observed that consumers are constantly looking forconvenience, so, whoever offers that stands to gain market share. Redbox, owned by Coinstar Inc. McDonald’s Corp andprivate investor is the leader in the growing in-store kioss space, followed byprivately held TNR, which operates 2, 200 kioks. Others include Blockbusters,Netfix, IMozi, MovieMate, MovieQ, MovieBooth, ThingMagic, etc. In Nigeria today, Music and film rental, vending anddistribution will finally take a better shape if upcoming film rental agenciesmake good their plans. SoForte Entertainment Distribution in collaboration withSony Music UK plans to be the first to make Nigerian music available wheneverthere is a demand for it anywhere in the world. The company plans to roll outthe most advance distribution technology system this year. According to Mr.Gbenga George, CEO of Soforte and an entertainment lawyer, amongst the thingsto look out for this year is an automated CD/DVD vending machine easier tooperate than the popular ATM machine you see around today. These machines wouldbe deployed all around strategic places in Nigeria making CD/DVD purchase easyfor consumers. The good thing about this is that it guarantees original CD/DVDsale which would in turn guarantee royalty payment to Artistes and labels, andreturns on investment to investors. Also, Soforte would introduce, for thefirst time in Nigeria and perhaps Africa, Direct To Customer (DTC) purchaseservice, to music buyers anywhere in Nigeria within 24hours. Other upcoming automated film rental agencies inNigeria include, BUZZNETZ, who was able to initiate online film vending 1.2 STATEMENT OF PROBLEM Atraditional film rental operation involves block and mortar stores located instrategic locations and it is characterized by numerous VHS and DVD titlesbeing carted about by staffs. Members arrive at the location, make selectionsfrom the available stock, pay for their section and return home to watch theirselection which spans through an agreed rental period. After the designatedrental period, the member returns his selection or incurs late fees, but incarrying out this service ones business is operated just with in his locationand vicinity. Also, the process of the movie rental service is done manually,which is tedious and stressful to the works or staff and the management. The major problem associated with traditional filmrental agencies from the customers’ end is “dissatisfaction”. Customers’ getfrustrated after a long fruitless search of numerous inventories that wastetime. Customers unsuccessfully seeking a specific title generally leave with asecond or third choice. Other problemsinclude: 1. No updated informationavailable 2. Maintaining thesupplier information 3. Maintaining the salesrecords 4. Maintaining thesupplier information 5. Problems on maintainingthe Payment Therefore, a proposed system that can automate thewhole process is proposed, due to the issue in ground the research work isnecessitate to be carried out and that stands as the statement of the researchproblem. The achievements of this research work will be discussed in theobjectives of the study and in chapter fours its evaluation. 1.3 PURPOSEOF THE STUDY In this study, we hope to develop an automated filmrental service with an online website or system application that will 1. Minimize all paperworks and manual records keeping, therefore allowing manager and staff ease inkeeping track of customers, inventory, rentals, sales, late fees, providequicker reservation. 2. Be user-friendly, timeeffective and well-organized. 3. Establish a websitewith a shopping cart and payment features which allows customers to point andclick their way through different products 4. Provide all informationabout products and services in daily transaction 5. Bring about easyordering of films. 6. Comprise user friendlynavigation. 7. Allow for SMSnotification where it will automatically send sms to notify customers about theproduct’s status with attached bill and other important announcements. 1.4 OBJECTIVE OF THE STUDY The aim of this project is to automate the filmrental operations in order to assist film rental operator to minimize labourand facilities cost, thereby maximizing income. The main objective of thisproject is to create a user friendly, unique and modern software package withhigher security facility (User levels, Password encryption). The specificobjectives are to i.Conduct literature review on automation of filmrental operations ii.Design a online/system app for video rentage service iii.Implement the design in (ii) iv.A deep investigation about the existing manualsystem and their accessible process measurements. v.Testing the video rental system using availableaccessible data. vi.Evaluate the final product and think about new ideasto improve further development. 1.4 SCOPE OF THE STUDY Thisproject work will be covering the following features and functionality, due totime limit and other constraint, this work will be strictly based on the listedscopes and features. 1. A computerized systemfor recoding rentals services (web-base/system app) 2. A shopping cart andpayment features for checking out point. 3. A detailed informationabout products and services in daily transaction 4. An SMS notification forreminders or rented movies to customers. 5. A system updates andinventory reports for the management and staff of the movie rental servicestore. 1.5LIMITATION OF THE STUD Inaccessibility to some documents,which arose due to security, imposed on some of the organization documents bythe management. It was not also possible to make an in-dept study of thesedocuments, which would have helped in the development of the project work. Time was a major limitation to this write up, therewasn’t enough time to study the details of the various field of the informationdepartment of the organization unavailability of textbook needed for this write– up was not found in the institution library. This study will not look in details the paymentsection of the services, but will use an embedded service from the voupaypayment processing system for online payment in Nigeria. 1.6SIGNIFICANCE OF THE STUDY Thestudy gave birth to a new strategic method of expanding ones business ventureand promote profits and cost management. The success of this research work will significantlyhave an impact to the protit management
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