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Objective - Block Diagram - Methodology - Tools Used - Advantages and Disadvantages - Application of Project - Reference
Objective - Block Diagram - Methodology - Tools Used - Advantages and Disadvantages - Application of Project - Reference
Objective - Block Diagram - Methodology - Tools Used - Advantages and Disadvantages - Application of Project - Reference
• Introduction
• Objective
• Block diagram
• Methodology
• Tools used
• Application of project
• Reference
Introduction
• Incoming shipments
• Outgoing orders
• Inventory
• Suppliers
• This web application is actually made by PHP which is very strong nowadays.
All the customization are done from inside of this Project Inventory
Management System. Thus, all the changes are saved on the project side, so
that you will be able to maintain the project and upgrade it in the future easily
and quickly.
Objectives
• This method uses a scientific way for calculating inventory. This leads to a
more accurate result and hence helps in maintaining better stocks.
• Owing to the calculations for maintaining stocks, the fluctuations occurring in
the demand of the inventory can be managed as there is maintained a safety
stock all the time within the organization.
• A proper record of all the loss or the consumption of the stock is maintained at
all the times which helps in turn to replenish the stock as and when required.
• One of the most important purposes is to keep a track on the sales of the
product and the levels of inventory maintained. With this system in function, the
tracking can be easily done.
Operational Concepts
• This can be used to track the inventory of a single store, or to manage the
distribution of stock between several branches of a larger franchise.
• However, the system merely records sales and restocking data and provides
notification of low stock at any location through email at a specified interval.
• The goal is to reduce the strain of tracking rather than to handle all store
maintenance.
• Further features may include the ability to generate reports of sales, but again
the interpretation is left to the management.
• In addition, since theft does occasionally occur, the system provides solutions
for confirming the store inventory and for correcting stock quantities.
2. Technology Used
• Login system
• Add, List, View and Delete items, stocks
• Expired Items
• Daily Sales
• Generates Report in PDF
Advantages
• With the help of a proper and effective inventory system, an adequate amount
of inventory can be maintained at all times.
• The system raises an alarm in the case where the inventory drops down a
specific threshold limit or exceeds over and above the prescribed limit. In both
the conditions, due steps are taken and the needful is done.
Asset tracking:
• In the case where there is a requirement of a specific product/ raw material and
it is not easily traceable with the naked eye or is stored in the warehouse, then
in that case measures are taken and the location of the same is identified using
the software.
• This easy tracking of the product helps a great deal in saving the time and
energy of the person incharge of finding it and the same can be invested
somewhere else and productivity can be reaped.
• The identification in such a case can be made through serial number, barcode
etc.
Inventory optimization:
• It also helps in managing the stock in hand as well the days for which the stock
will be available in case there arises some emergency due to which the fresh
order cannot be placed for new stock.
• All of these features of the inventory management system make it one of the
most important systems which should be integrated within any business for
better productivity and more efficient results.
Other Advantages
• Cost saving:
• Saves time:
• Increased efficiency
• Warehouse organization
• Updated data
• Data security
Cons or Disadvantages of ERP Inventory Management Software:
• Although the system renders end number of advantages to the business, but
along with the positive points there are few negative points as well.
• Expensive:
• Although the system provides such great features and makes the entire
business a lot better and efficient, but all this comes at a cost.
• Big time businesses are able to cover up the cost or the one time investment in
some time but in the case of small or medium-sized business, it is at times not
feasible to maintain such software.
• Complexity:
• http://www.google.com/
• https://www.wikipedia.org/
• http://php.net/
• https://www.w3schools.com/
• https://www.mysql.com/
• https://www.w3.org/Style/CSS/Overview.en.html
• https://en.wikipedia.org/wiki/Application_lifecycle_management