Inventory Management Essay

Introduction 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. 2. Problem definition Using this software we can reduce cost for paper work, time and material handling – while improving customer service.

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So, in this project we are trying to make inventory management system which will help employees to keep record of inventories in systematic way and help them produce report about the inventory or stock currently available in their store in automatic way to help then sale forecasting, decision making about the stock etc. Problems in Existing System As we know manual system are quite tedious, time consuming, less efficient and accurate to the computerizes system So following are some disadvantages of the old system

Time consuming Less accurate Less efficient Lot of paper work Slow data processing 3. OBJECTIVES OBJECTIVE OF THE PROJECT IS TO DEVELOP INVENTORY MANAGEMENT SYSTEM FOR DEPARTMENTAL STORE. Not user friendly environment Difficult to keep old records Objectives The main objective of this system is to keep records of the complete data files It helps you to record and track data files on basis of quantity and value Easy to keep old records and can view data record and films at any time