05-12-2012, 02:35 PM
A System Analysis & Design Report on Inventory Management System
A System Analysis.doc (Size: 224.5 KB / Downloads: 23)
Abstract
Inventory is a detailed list of those movable items which areNecessary to manufacture a product and to maintain the equipment and machinery in good working order.
The quantity and value of every item is also mentioned in the list.An inventory control system is a process for managing and Locating objects or materials. Inventory control system is a systematic way of handling the flow of material which will be beneficial for industries. For the benefits of the firms they will maintain the separate log file of the products. Although the product records are maintain in some application or software.
INTRODUCTION
Inventory in the earlier days used to be managed by a system known as Cardex system. Bin cards were printed and kept in every bin location. Whenever inventory was put into the bin or removed the card had to be updated. Apart from the bin cards, books or registers were maintained to note down the transactions and reports were prepared manually. The system was basic and did not provide flexibility to manage warehouse locations as dynamic locations. The operations being manual were time consuming.
Modern day inventory is managed by sophisticated system applications that are designed to manage complex inventory plans and to a large extent contain processes that initiate and streamline the operations and inventory management. In the wake of improvements in the communication technology, companies are deploying one single ERP system across all factories, offices, departments and locations, thereby ensuring seamless transactions, visibility and controls.
In the next phase come the basic inventory management systems, which were a replica of the accounting books containing debit and credit entries along with the balance and the Cardex System continued to be used to manage the shop floor operations.
Recognition of need
An establishment that plans to make use of inventory managements software’s should realize the real worth of the tool, to make good use of the tool to register good grow thin business. This software has the ability to improve product sales, as it also allow organizations to maintain good stocks at all times to meet customer demands the right time. Maintaining good stocks of movable products to meet market demands has been the dream of many an organization to meet customer demand and win a good market shares. To maintain good stocks, accompany has to provide its focal attention on inventory control, made easy by inventory management software. With the ideas also software that is built to enhance inventory control procedures, accompany can cut down inventory errors, and enhancement its facility to meet the demands of customers. In simple terms, accompany has to recognize the real value of this software by gathering relevant information on the tool and make good use of the tool to register desired results.
Inventory is a detailed list of those movable items which are Necessary to manufacture a product and to maintain the equipment and machinery in good working order.The quantity and value of every item is also mentioned in the list. An inventory control system is a process for managing and Locating objects or materials. Inventory control system is a systematic way of handling the flow of material which will be beneficial for industries. For the benefits of the firms they will maintain the separate log file of the products. Although the product records are maintain in some application or software.
Feasibility study
Statement about the Problem: - In today’s fast growing population and competition among different bodies, it becomes difficult to manage each activity manually .The same is applicable on institutes also where now days so many activities are performed and to keep track of each activity manually is difficult as it takes a lot of time and it generated a lot of errors, so the client wanted to computerize this task for getting faster and error free results. So, to overcome this problem automation of the system is required. With this automated system we can very well manage the different activities going on in a system.