Download Online inventory management system and more Essays (high school) English in PDF only on Docsity! 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 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. How P’s are addressed through the project: Pl (Depth of Knowledge Requirement) : K2 K3 K4 K5 K6 ( ( ( ( ( Mathematics) : Statistics for data analysis. Engineering Fundamentals) : Software Engineering Specialist Knowledge) : WMS software Engineering Design) : Bootstrap, JavaScript Engineering Practice) : Database design, User interface, System design. 0. 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.
