Scribd Logo
Upload

Welcome to Scribd!

  • 8K views

    Problem Statement: Inventory Management System

    Uploaded by

    Pranav Gupta
    The existing inventory management system is completely manual, wasting time and resources. It is difficult to produce reports, access centralized collection data, and monitor stock levels. The proposed computerized system would address these problems by allowing for electronic storage, retrieval, and reporting of inventory information. It would require hardware, software, and have user and functional requirements like producing inventory reports, accepting and updating data, and providing security and fast access to inventory data.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    Problem Statement: Inventory Management System

    Uploaded by

    Pranav Gupta
    8K views3 pages
    The existing inventory management system is completely manual, wasting time and resources. It is difficult to produce reports, access centralized collection data, and monitor stock levels. The proposed computerized system would address these problems by allowing for electronic storage, retrieval, and reporting of inventory information. It would require hardware, software, and have user and functional requirements like producing inventory reports, accepting and updating data, and providing security and fast access to inventory data.

    Original Description:

    Problem Statement of inventory management

    Original Title

    Problem Statement

    Copyright

    © © All Rights Reserved

    Available Formats

    DOCX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    The existing inventory management system is completely manual, wasting time and resources. It is difficult to produce reports, access centralized collection data, and monitor stock levels. The proposed computerized system would address these problems by allowing for electronic storage, retrieval, and reporting of inventory information. It would require hardware, software, and have user and functional requirements like producing inventory reports, accepting and updating data, and providing security and fast access to inventory data.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    8K views3 pages

    Problem Statement: Inventory Management System

    Uploaded by

    Pranav Gupta
    The existing inventory management system is completely manual, wasting time and resources. It is difficult to produce reports, access centralized collection data, and monitor stock levels. The proposed computerized system would address these problems by allowing for electronic storage, retrieval, and reporting of inventory information. It would require hardware, software, and have user and functional requirements like producing inventory reports, accepting and updating data, and providing security and fast access to inventory data.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 3
    At a glance
    Powered by AI
    The existing inventory management system is completely manual, which leads to wasted time and difficulty producing reports. It also lacks centralized access to collection details.

    The existing system wastes time with daily stock taking and updating. It's difficult to produce reports, record collection details, and maintain/access collection records. Stocks have run out at crucial times.

    The new system needs to provide easy storage, retrieval and access of inventory info. It must offer security and help generate weekly reports with a user-friendly interface.

    PROBLEM STATEMENT

    Inventory Management System

    PROBLEM STATEMENT
    Problem of the existing system : The problem with the existing system is that its a completely manual system that is used for managing inventory processing which leads to time wasting (i.e. stock taking and updating of the stock cards on daily basis).The Storekeeper also has problem in producing any report on stock count, location details. The daily business makes it even harder as report has to updated manually. The collection's details are hard to record and access from a centralized database is not possible. Some of the collection's information maybe lost or missed out during the operation. It is hard for storekeeper to maintain and access the collection's record. The bulkiness of the stock cards wastes office space and stationery. It face the task of monitoring stock levels(raw materials) in accordance with its demand on a daily basis and has led to the organization purchasing licenses that are not in demand thus affecting the capital ow. At times stocks of particular licenses have run out mainly those in demand at a very crucial time, affecting the organizations operations. As most of transaction and record keeping work is done manually the system is prone to security breaches. As workload has increased more employees are needed to complete work which reduces overall profit.

    Proposed System for Managing Inventory :The proposed Inventory Management System will be fully computerized and its requirements are: 1. Hardware Requirement: It The proposed system will need a computer with RAM of about 2GB.It should have a good processor ,a bus, 31/2 inch floppy drive, US system of keyboard and a hard disk of 40GB with spindle speed of around 7,200RPM with a colored monitor screen. A printer preferably a Laser Jet. Network card, mouse and pad will also be needed. 2. Software Requirement: The database system together with the interfaces would run on a window-based system. My sql data manipulating language will be used as the query language. The graphical user interfaces have been designed using HTML. The system to run therefore must be an installed on windows operating system. The graphical user interfaces have been designed using HTML. Therefore for the system to run, there must be an installation of windows or Linux operating system, java (java servers), and query language such as Sql

    User Requirements of the New System :1. The system shall provide easy storage retrieval and access of inventory information.
    2. The system shall offer security to stored inventory data through use of passwords to control data access. 3. The system should be able to aid management make weekly inventory reports 4. The system shall have a user-friendly interface. 5. The system is expected to give results in a reasonable small time interval. 6. The system shall accept, update, deletion and alteration of data.

    Functional Requirements of the Proposed System :The proposed system will be designed to perform the following functional requirements: 1. The system should be able to provide the required figures of the inventory at hand at any time. 2. The system ought to have ability to produce inventory licenses reports that managers can apply in decision-making process. 3. The system should be able to accept data from users through use of interface and interactive forms. 4. The system should be able to give a summary licenses and their weekly categories. 5. The system should be able to provide more fast and efficiently. 6. The system will validate input data with strict checking. 7. User can put strict security checks on capital transaction.

    Nonfunctional requirements :The non-functional requirements of the system are: 1. The system should be easy to maintain and easily adapted by users. 2. The system should enable backup and recovery should be performed after specific times (manually or automatic). 3. The system should provide security to the database by use of passwords.

    You might also like