Scribd
Upload
18K views2 pages

INVENTORY MANAGEMENT Abstract

The document discusses inventory management. The primary goal is to have the same number of days' worth of inventory for all products so their run outs are simultaneous. The secondary goal is inventory minimization through accurate demand forecasting to replenish inventory just in time. Forecasting also allows inventory proportions to be dynamic based on expected short-term sales. It also allows predicting maximum inventory storage. The existing manual system is time-consuming, tedious, and disorganized. The proposed computerized system aims to provide a user-friendly interface, reduce time and paperwork, connect to a database for queries and reports, and make data easily accessible and formatted.

Uploaded by

Krishna Sudha
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
18K views2 pages

INVENTORY MANAGEMENT Abstract

The document discusses inventory management. The primary goal is to have the same number of days' worth of inventory for all products so their run outs are simultaneous. The secondary goal is inventory minimization through accurate demand forecasting to replenish inventory just in time. Forecasting also allows inventory proportions to be dynamic based on expected short-term sales. It also allows predicting maximum inventory storage. The existing manual system is time-consuming, tedious, and disorganized. The proposed computerized system aims to provide a user-friendly interface, reduce time and paperwork, connect to a database for queries and reports, and make data easily accessible and formatted.

Uploaded by

Krishna Sudha
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

c

INVENTORY MANAGEMENT

Purpose:
Inventory proportionality is the goal of demand-driven inventory management. The
primary optimal outcome is to have the same number of days worth of inventory on hand
across all products so that the time of run out of all products would be simultaneous.
The secondary goal of inventory proportionality is inventory minimization. By
integrating accurate demand forecasting with inventory management, replenishment
inventories can be scheduled to arrive just in time to replenish the product destined to run
out first, while at the same time balancing out the inventory supply of all products to
make their inventories more proportional, and thereby closer to achieving the primary
goal. Accurate demand forecasting also allows the desired inventory proportions to be
dynamic by determining expected sales out into the future; this allows for inventory to be
in proportion to expected short-term sales or consumption rather than to past averages, a
much more accurate and optimal outcome.
Integrating demand forecasting into inventory management in this way also allows for the
prediction of the "can fit" point when inventory storage is limited on a per-product basis.

Existing System:

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.

1. Time consuming.
2. It is very tedious.
3. All information is not placed separately.
4. Lot of paper work.
5. Slow data processing.
6. Not user-friendly environment.
7. It is difficult to found records due file management system.

Proposed System:

In new computerized system I tried to give these facilities.

1. Manually system changes into computerized system.


2. Friendly user interface.
3. Time saving.
4. Save paper work.
5. Connecting to database so we use different type of queries, data report.
c
c

6. Give facility of different type of inquiry.


7. Formatted data.
8. Data¶s are easily approachable.

Requirement Specification:

Hardware requirements:

Content Description

‰DD 20 GB Min

40 GB Recommended

RAM 1 GB Min

2 GB Recommended

Software requirements:

Web Architecture ASP.NET 3.5

Technology Or Framework .NET 3.5

Programming Language C# 3.0

Web Server IIS 6.0(Internet Information services)

Web Browser IE or Mozilla

Database Server Microsoft SQL Server 2005

IDE(Integrated Development Microsoft Visual Studio 2008


Environment)

You might also like