Maintaining and recording the information between too much and too little inventory in the company.The inventory management system is used for various purposes, including: The system is used to track products and parts as they are transported from a seller to a storeroom, between storerooms, and finally to a retail location or directly to a customer. Production units use an inventory management system to reduce their transport costs. Further features may consist of the ability to create reports of sales, but again the explanation is left to the management. In addition, since theft does occasionally occur, the system provides solutions for confirming the store inventory and for correcting stock quantities. The goal is to reduce the stress of tracking rather than to holder all store maintenance. However, the system merely records sales and restocking data and provides warning of low stock at any location through email at a specified interval. This can be used to track the inventory of a single store or to manage the delivery of stock between several branches of a larger franchise. The Inventory Management System is a real-time inventory database capable of connecting multiple stores. Purpose of Inventory Management System Project Ease of use when it comes to updating inventory levels and placing orders to vendors.

The accuracy in relating recipes to their respective constituents.The accuracy in predicting the requirements of the next demand.The accuracy in keeping the inventory levels.If any resource nears the end of its shelf life, it would acknowledge to the manager (admin) the details of the quantity that is near its expiration date. The product also aims to keep track of the shelf life of resources. The objective of the project is to deliver an efficient inventory management system whose main functionality apart from calculating the inventory include predicting the requirement for the next demand and if there is a “Special Occasion” then accordingly the manager selects the particular occasion and extra requirements are added to the next issuing order to the vendors which needs to be approved by the manager. Objectives and Success Criteria of Inventory Management System For good production and customer satisfaction, we need a good Inventory Management system. Managing these inventories is always hectic work for the manager. Inventories contain most part of the current assets of any big company. Since all the data and data objects are stored in a database, it was authoritative that these requirements were met. The system had to also be precise and reliable in terms of the database design. This meant the system had to deliver a well-organized and simple user interface that at the same time is capable of more exact changes and inputs. It became our main goal to develop a system that can be used by both large corporations as well as small businesses. This process takes up a lot of time and human effort and is also inclined to human error. To keep track of their inventory levels, staff had to calculate a list of groceries utilized during a course of time, calculate, and analyze the requirements for the upcoming weeks, and place their next order to multiple vendors if needed. After meeting with a cook for The Classic Cafeteria, an on-site commercial cafeteria management company, we were easily able to identify issues in the maintenance of resource prerequisite lists. The system keeps track of current inventory levels for recipes at the ingredient level, predicts how much inventory is needed for the upcoming week, and generates order forms that can be automatically sent to vendors. But also automate many of the tedious tasks associated with it. The Cafeteria Inventory Management System is designed to not only assist in this problem. At the end of their day, cooks and managers in the cafeteria industry spend a couple of hours counting inventory and placing orders for the following week.

Finale inventory product categories