Inventory_management_system for cse students pptx

inventory management system

1. Inventory Management System MINI PROJECT (21CSMP67) Team Members: Abhiraj M L - 1EP21CS003 Ankush N - 1EP21CS010 M Kishore - 1EP21CS049 Naveen Kumar Reddy K - 1EP21CS061 Internal Guide: Mrs . Madhushree Asst. Professor Dept of CSE, EPCET 1

2. 2 Overview: Inventory management system is a crucial tool used by a wide range of companies, organizations, and institutions. It keeps track of purchase orders and keeps stock of the inventory. With increasing access to resources, the demand for products and services has increased exponentially and humans are unable to keep up with the high volumes of inventory coming and going. Tracking: Real-time, barcoding/RFID, batch tracking Control: Reorder points, safety stock, ABC analysis Forecasting: Historical data, seasonal trends Order Management: Automated orders, supplier management Warehouse: Layout optimization, efficient picking/packing

3. 3 Problems: Manual Processes: Relying on manual data entry for inventory updates increases the likelihood of errors, . Overstocking and Understocking: Issues from incorrect demand forecasting and seasonal fluctuation. Inefficient Processes: Dependence on manual processes and complex workflows. Cost Management: High carrying costs from overstocking and lost sales from stockouts.

4. 4 Project Goals Increase Accuracy: Reduce errors and improve demand forecasting. Enhance Visibility: Implement real-time tracking and accessible data. Optimize Inventory Levels: Balance inventory to meet demand without excess. Streamline Processes: Automate and simplify workflows. Improve Cost Efficiency: Reduce carrying costs and minimize stockout costs. Enhance System Scalability: Implement a system that can grow with the business. Ensure Compliance and Security: Maintain regulatory compliance and protect data.

5. 5 Literature Review AUTHOR NAME YEAR Prof. Prayag P. Gokhale, Megha B Kaloji A Study on Inventory Management and Its Impact on Profitability in Foundry Industry at Belagavi, Karnataka September 2018 Punam Khobragade, Roshni Selokar Research paper on Inventory management system 04 April 2018 Shamita Deshmukh Inventory Management System January 2022

6. 6 Software Requirements: PHP with CodeIgniter Python XAMPP Server Hardware Requirements: Windows 7 or higher I3 processor system or higher 4 GB RAM or higher and 10 GB ROM or higher

7. 7 Phases: Phase 1 Phase 2 Phase3 Requirement Gathering Literature Review Source code for the project Implementation Initial Test Final Test and Implementation Performance Evaluation Final project presentation

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