Inventory Management System
Nabiha Tahsin(18201024)
Humayra Tabbasum(18201025)
Afia Tasnim(18201033)
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Inventory management system and its requirement analysis
Typology: Essays (high school)
2020/2021
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Inventory Management System
Nabiha Tahsin(18201024) Humayra Tabbasum(18201025) Afia Tasnim(18201033)
Problem Discussion
An inventory management system (or inventory system) is the process by which you track your goods throughout your entire supply chain , from purchasing to production to end sales. It governs how you approach inventory management for your business. 1.Tracking Inventory 2.Controling Cost 3.Improving Delivery 4.Managing Plam and forecasting 5.Reducing time for managing inventory
Project Output
- Achieve effeciency and productivity in operations
- Minimize inventory costs and maximize sales and profits.
- Integrate entire bussiness
- Automation of manual tasks
- Maintain customer satisfiction
Critical Challenges for Project
- (^) Critical Challenges for this project :
- (^) Inventory management involves receiving, picking, packing and shipping, tracking. The challenge is to perform all these tasks in the most efficient way possible.
- (^) Customer demand is constantly changing.
- (^) Risk of being out of stock when an item is required versus the cost of having too many items in stock.
- (^) Security in login page.
P2 (Conflicting Requirement)
Warehouse management system has redundant procedures which are time-consuming and increase the cost of labor. But we need WMS for inventory tracking, inventory accuracy,order fulfillment in a easier and efficient way. Making sure products ordered are in stock. up-to-date information and real-time tracking all leads to better accuracy and happier customers.
P3(Depth of analysis required No obvious solution ) Using warehouse management system instead of RFID (Radio Frequency Identification) technology or Lifi (Light Fidelity) technology.
Project Management : Lab 3 : Login and Registration Page Lab 4 – 5 : Website Implementation Lab 6 : Database Lab 7 : Final Presentation THANK YOU