Preview

inventory management system

Good Essays
Open Document
Open Document
446 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
inventory management system
The main goal of Inventory Management System is to ensure consistent availability of supplies for consumers. Thus, Inventory Management System is directed toward owners of small to large stores and stock managers who are responsible of maintaining sufficient goods on hand in a retail or manufacturing business. It can scale from a single computer running both client and server software up to multiple stores and warehouses.

4.2 Schedules The time estimated to complete the Inventory Management System project is fairly short. There will be three major Win-Win Spiral Model cycles through our prototyping stage, beta release, and final release. We will need two weeks of designing the architecture and implementing core features and five weeks of adding functionality and testing. The project can be completed by 6-8 people in at most 7 weeks.

5. Feasibility Rationale

5.1 Assumptions
The above design should works for the Inventory Management System application. However, we are emulating a cash registers interface to work with our software by simulating barcode inputs. A more realistic design of cash register interface can be done to suit the integration, as the interface does not interfere with the data collected. We expect that the cash registers clients are able to update their data to the current point of sale in case of loss of connection to the server. The particular restocking procedure adopted by each store does interfere with the feasibility and accuracy of the application as it does not remind the stock manager to update the data each time they had done any restocking. We also trust that that the Secure Socket Layer (SSL) is reliable in creating a secure connection between a client and a server.

5.2 Risks
One of the major risks covered by this application is theft breaks synchronization between the inventory and the database. The information could be generated by the data stored in this application. The confidence level of trusting

You May Also Find These Documents Helpful

  • Better Essays

    My sister owns a small clothing store. During a conversation at a family dinner, she mentioned her frustration with having to manually track and reorder high demand items. She would like an automated system but has a very small budget. To accomplish I propose an inventory management technology. Inventory management technology is a mix of hardware and software designed to add reliability to inventory accounting, reduce incidents of theft and facilitate inventory audits. Individual inventory items or batches of items could be equipped with RFID tags that identify the item type, cost, price, shipment number, date of shipment and virtually any other useful information. Software inventory management solutions replace pen-and-paper systems, reducing the time required to account for inventory additions and subtractions (2002-2006, Kenneth Hamlett). Due to the low availability of funds, I will buy only one laptop, wireless router, barcode scanner, barcode printer, printer and the internet service. For startup we will begin with the use of the inflow inventory system from Archon Systems. The software will help my sister to take orders and deduct out of the inventory with one click. This software will also generate reports one of which will show the demand for a given product. We will also setup the laptop with wireless internet access which will enable her to conduct sales and do inventory with the same equipment using a wireless barcode scanner. We will add or upgrade the system in future as soon she is financially capable.…

    • 1231 Words
    • 5 Pages
    Better Essays
  • Better Essays

    Inventory management is basically about, inventory control, management and planning. There are several techniques available like Bar code, RFID for tracking, EOQ for ordering, ABC for controlling, VMI, MRP, JIT for replenishment.…

    • 1868 Words
    • 8 Pages
    Better Essays
  • Satisfactory Essays

    During a conversion at my family dinner my sister mentioned her small clothing store and she also discussed how frustrating it is to manually track and record all of the high demanding items in her store. My sister would like an easier solution for her problem. She decided she wanted an automated system, but she told us that she has a very small budget. So she asked my mother and I for any advice we can give for her store.…

    • 605 Words
    • 3 Pages
    Satisfactory Essays
  • Satisfactory Essays

    The purpose of this memorandum is to report the progress in my research of possible inventory management systems to implement into a manufacturing facility. As I proposed, I have been gathering information by reviewing technical literature on inventory management solutions and software used in similar manufacturing facilities. My objectives were to define which supply and planning software provides the greatest reduction in production time, how similar facilities use and implement these systems, and what would be the advantages and disadvantages to implementing a new system.…

    • 398 Words
    • 2 Pages
    Satisfactory Essays
  • Best Essays

    Inventory System Analysis

    • 2114 Words
    • 9 Pages

    Inventory systems are something in which practically every business needs to properly function. From the small business of just a few employees to the large corporations, inventory systems are a vital part of a business 's success. The types of inventory systems will vary with the number of businesses that use these different kinds of systems. Team C will present findings on the research of various businesses and how those businesses use inventory systems that pertain to a specific industry. The organizations of research include companies, such as Infigen Energy, T-mobile, Wal-mart (RIM - Retail Inventory Method), Weis Markets (Demand-Driven Replenishment Solution) and Target (RIM - Retail Inventory Method). A summary of objectives, followed by a description and comparison of each system will describe the advantages and disadvantages of each system. A conclusion will follow that will summarize the collective findings of all systems listed above.…

    • 2114 Words
    • 9 Pages
    Best Essays
  • Good Essays

    Inventory management is primarily about specifying the shape and percentage of stocked goods. It is required at different locations within a facility or within many locations of a supply network to precede the regular and planned course of production and stock of materials.…

    • 2722 Words
    • 11 Pages
    Good Essays
  • Satisfactory Essays

    multifunctional apps

    • 704 Words
    • 3 Pages

    The inventory system applied in the past is done manually and the process takes a lot of time. A disadvantage of manual inventory systems is that they can be highly labor-intensive to operate. They require continuous monitoring to ensure that each transaction is accounted for and that products are maintained at the proper stocking levels. It is also more difficult to share inventory information throughout the business, because the lack of computerization makes accessing inventory records a more cumbersome process. The time spent monitoring inventory levels could be used on more productive activities for the business. A manual inventory system relies heavily on the actions of people, which increases the possibility of human error. People might forget to record a transaction or simply miscount the number of goods. This results in needless additional orders that increase the business inventory carrying costs and use up precious storage space. Inaccurate physical counts could also result in not ordering enough of a product, meaning the business could run out of a crucial item at the wrong time. Keeping track of daily purchases is another difficult controlling measure with manual inventory systems. While technological inventory systems scan the item and subtracts the item from the inventory, a manual inventory system requires the employees to write down the items sold during a single work day. This can be a difficult task, as one employee may lose the list of items sold or another may forget to write down a sale.…

    • 704 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    Inventory and Pos System

    • 995 Words
    • 4 Pages

    The developers main objective is to create a Computerized Payment in Inventory System that assures that every process and transaction is done in a accurately and in a more secure manner.…

    • 995 Words
    • 4 Pages
    Powerful Essays
  • Satisfactory Essays

    The Old system is currently people managing their work manually on their own device in the format of excel sheets.…

    • 429 Words
    • 3 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Inventory Mgmt System

    • 421 Words
    • 2 Pages

    As we know the manual processing is quite tedious, time consuming, less accurate in comparison to computerized processing. Obviously the present system is not is exception consultant encountering all the above problems.…

    • 421 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    A lot of companies and organizations needed the help of computers because of its speed, precision and productivity. Moreover, many businesses flourished because production was increased and human errors were lessened and management decisions were facilitated through accurate and reliable information generated by software applications.…

    • 2792 Words
    • 12 Pages
    Powerful Essays
  • Good Essays

    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.…

    • 689 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    inventory system

    • 932 Words
    • 4 Pages

    A disadvantage of manual inventory systems is that they can be highly labor-intensive to operate. They require continuous monitoring to ensure that each transaction is accounted for and that products are maintained at the appropriate stocking levels. It is also more difficult to share inventory information throughout the business, because the lack of computerization makes accessing inventory records a more cumbersome process. The time spent monitoring inventory levels could be used on more productive activities for the business.…

    • 932 Words
    • 4 Pages
    Powerful Essays
  • Good Essays

    The project team is currently developing a Point of Sale and Inventory System. The project team is gathering information through interview and observation. Based on this information, user requirements are identified. Development strategy is the plan. For about six (6) months, the team is determined to finish the system. In order to test the system’s data and facilitate system development. The project…

    • 934 Words
    • 4 Pages
    Good Essays
  • Good Essays

    inventory system

    • 3336 Words
    • 13 Pages

    Inventory system is an efficient way to monitor and track different products that are being transferred in and out of the company. Inventory system serves several different purposes for the company. One purpose is to monitor the availability of the products. It is important for a company to monitor all transactions and movements of goods in order to keep an account of all their stocks. Another purpose is to gain security from unauthorized personnel.…

    • 3336 Words
    • 13 Pages
    Good Essays