Inventory Management

Topics: Inventory, Supply chain management, Industry Pages: 2 (322 words) Published: November 8, 2012

1. Introduction

In Departmental Store’s Inventory Management System we keep track of objects or materials of the store. Properly managing inventory is essential to the success of every dealership. Inventory Management system provides information to efficiently manage the flow of materials, effectively utilize people and equipment, coordinate internal activities and communicate with customers. In the current scenario of our country few departmental stores are automated and some are semi automated and many are still having manual system for keeping the record of inventory. In manual system the inventory management system is quite time consuming and tedious. Semi automated system is also not well organized.

2. Problem definition
Using this software we can reduce cost for paper work, time and material handling – while improving customer service. So, in this project we are trying to make inventory management system which will help employees to keep record of inventories in systematic way and help them produce report about the inventory or stock currently available in their store in automatic way to help then sale forecasting, decision making about the stock etc. Problems in Existing System

As we know manual system are quite tedious, time consuming, less efficient and accurate to the computerizes system So following are some disadvantages of the old system
Time consuming
Less accurate
Less efficient
Lot of paper work
Slow data processing



Not user friendly environment
Difficult to keep old records


The main objective of this system is to keep records of the complete data files
It helps you to record and track data files on basis of...
Continue Reading

Please join StudyMode to read the full document

You May Also Find These Documents Helpful

  • inventory management Essay
  • Sales And Inventory Management System Essay
  • Essay about Inventory Management Project
  • Inventory Management: Planning, Coordination, Controlling Flow of Inventory Research Paper
  • Inventories Essay
  • inventory Essay
  • Inventory Essay
  • The Pharmacy Technician's Inventory and Financial Management Essay

Become a StudyMode Member

Sign Up - It's Free