Inventory Management System (MIS)
GROUP-B22 DEVINA BHASKAR (082) DILDAR SINGH (083) DIPTO KAR (084) BINAL DOSHI (085) DWIP SEN GUPTA (086) EKTA PODDAR (087)
O OBJECTIVE O WHAT IS INVENTORY MANAGEMENT? O APPROACH BUSINESS PROBLEM SYSTEM INVESTIGATION SYSTEM ANALYSIS SYSTEM DESIGN SYSTEM IMPLEMENTATION SYSTEM MAINTENANCE O FUNCTIONING OF THE SYSTEM O END USERS O FUNCTIONALITIES o BUSINESS APPLICATION OF THE INVENTORY MANAGEMENT O O O O WHAT IS SME REQUIREMENT OF INVENTORY CONTROL IN AN SME NECESSARY FEATURES IN INVENTORY CONTROL OUR TARGETED CUSTOMERS
O IMPLEMENTATION DETAILS : AN INTRANET APPLICATION O O O O O O MODEL-VIEW-CONTROLLER ARCHITECTURE ADVANTAGE OF SELECTED ARCHITECTURE IMPLEMENTATION OF BACKEND SNAPSHOTS OF THE SYSTEM: FRONTEND SNAPSHOTS OF THE SYSTEM: BACKEND FINAL DELIVERABLE: APPLICATION URL
OBJECTIVE: o To automate the tracking of inventory movement by controlling its timing and amount in business processes with the perspective of a manufacturer. o To provide a solution that is feasible for Small And Medium Scale industries, increasing the effectiveness and efficiency of the flow of inventory WHAT IS INVENTORY MANAGEMENT? It is a computer-based system for tracking product levels, orders, sales and deliveries Purpose of Inventory Management: Maintaining a balance between too much and too little Tracking inventory between locations Receiving items into a warehouse or other location Picking, packing and shipping items from a warehouse Keeping track of product sales and inventory levels. Cutting down on product obsolescence and spoilage
APPROACH: Business Problem: To restructure the Inventory Management of Small and Medium Scale Enterprise into a Computer Based System, to increase efficiency and reduce cost Systems Approach was adopted to build an inventory management model, applying the systems orientation to define problems and opportunities and then develop appropriate, feasible solution in response. System Development Life Cycle (SDLC) as an integrated approach to system development was taken. The Iterative Waterfall model was followed involving the following steps:
At present a paper based system is used by small and medium enterprises (SME’s) to maintain their inventory levels and supply chain management. This system involves a lot of human effort and costs. Here the objective of SME’s is to increase their profits by reducing their costs. A computer-based system called Inventory Management System can be used for tracking product levels, orders, sales and deliveries. IT system developed is open source software, which will not cost much to the client.
Cost Analysis IT system was developed using open source software, which will not cost much to the client. The only costs involved would be computers and initial purchase of software. But this system has potential to reduce costs by a substantial amount when implemented by an enterprise. Time and Cost Savings in the form of: Fast Access to details of the inventory: quantity available, location stored etc. Quick and easy maintenance of any goods flowing in or out of the system An alarm raised when an inventory is above or below the specified level and may hamper the production cycle
From the point of view of cost benefit analysis, it’s a highly feasible system.
Systems Analysis: In this stage the functionalities of the present paper based system of inventory management was studied. Functional requirements of the organizations using it were comprehended. End users who would be using this IT-based system are small and medium manufacturing units. This resulted in the conclusion that the new Computer based Inventory Management System should Allow the business unit to keep a track of the goods purchased with all the details of purchase.
Allow the unit to locate the raw material and initiate...