KARPAGAM ACADEMY OF HIGHER EDUCATION

Department of Computer Science and

Design
Final Year Review Phase 1
Batch: 2021-25 1
 TOPIC OF RESEARCH
“Build a System for Tracking and Managing inventory in a
store or warehouse”
Name of the Students : SIVA KUMER.S
VIMAL.M
SREE SABAREESWARAN.S

Programme :Computer Science and Design

Department :Computer Science and Design

Name of the Guide : Mr. S.POORNA PRAKASH

Designation : ASSISTANT PROFESSOR (CYBER)
College Name : KARPAGAM ACADEMY OF HIGHER EDUCATION 2
 INTRODUCTION

• Introducing a comprehensive system designed for tracking and managing inventory in a store
or warehouse.
• This system aims to enhance inventory accuracy and streamline operations by providing real-
time monitoring of stock levels, automating reordering processes, and integrating seamlessly
with existing business systems.
• With features such as automated inventory updates, detailed reporting, and improved order
fulfillment, the system reduces manual errors, minimizes carrying costs, and supports efficient
inventory control.
• By leveraging advanced technologies and intuitive interfaces, this solution ensures effective
management of inventory, ultimately optimizing operational efficiency and supporting business
growth.
 PROBLEM STATEMENT
Diagram representation:

4
 OBJECTIVE

• Develop a robust system for tracking and managing inventory in a store or warehouse
to enhance inventory accuracy and operational efficiency.
• The system aims to provide real-time visibility into stock levels, automate inventory
processes such as reordering and stock adjustments, and integrate seamlessly with
existing business systems.
• It seeks to improve order fulfillment, reduce inventory carrying costs, minimize errors,
and offer actionable insights through detailed reporting.
• Ultimately, the goal is to streamline inventory management, optimize resource
utilization, and support scalable business operations.
 SCOPE

• The future scope of building a system for tracking and managing inventory in a store or
warehouse includes integrating advanced technologies such as AI and machine learning
for predictive analytics and trend analysis, which will enhance inventory forecasting and
decision-making.
• Incorporating IoT devices and smart sensors will enable real-time monitoring of
inventory conditions, while blockchain technology can provide enhanced transparency
and security in the supply chain.
• The system will also explore automation through robotics and drones for efficient
warehouse operations, as well as mobile and voice-activated interfaces to improve user
experience.
 LITERATURE REVIEW

• Historical and Current Approaches: Traditional inventory management systems relied heavily on
manual processes and periodic stock takes, which often led to errors and inefficiencies (Axsäter,
2006).

• Real-Time Tracking and Automation: The advent of real-time tracking systems has transformed
inventory management by providing immediate visibility into stock levels and locations (Bowersox
et al., 2013).

• Advanced Analytics and AI Integration: Integrating advanced analytics and artificial intelligence
(AI) into inventory management systems is an emerging trend.

• Block chain and Transparency: Block chain technology is gaining attention for its potential to
enhance transparency and traceability in inventory management (Kshetri, 2018).
 LITERATURE SUMMARY

• The literature on inventory tracking and management systems indicates substantial

technological advances that improve accuracy and efficiency.

• Traditional manual methods have been mostly supplanted by automated technologies

that track and manage inventory in real time using barcodes, RFID, and IoT sensors.

• Advanced analytics and artificial intelligence (AI) are improving demand forecasting
and inventory optimization, while blockchain technology is increasing supply chain
visibility.

• The integration of robotics and mobile interfaces improves warehouse operations and
user interactions.
 WORK FLOW

Work Flow

Aim: Develop a comprehensive inventory management system to efficiently track and manage stock levels,
streamline order processes, and generate insightful reports for a store or warehouse.

Methodology:

*Planning and Requirements Analysis

*System Design
*Deployment
* Testing
*Development
*Maintenance and Support
 NOVELTY FOR RESEARCH PROPOSAL

• IoT-Enabled Real-Time Tracking: Unlike traditional systems that require manual scans, this system will use
IoT sensors to automatically track the movement and status of inventory items in real time.

• AI-Driven Predictive Analytics: The system will include AI algorithms that analyze sales data, seasonal
trends, and other variables to predict future inventory needs.

• Blockchain Integration for Transparency: To enhance transparency and traceability, the system will
integrate blockchain technology, creating a tamper-proof ledger of all inventory movements and transactions.

• Autonomous Inventory Drones: In warehouse environments, autonomous drones equipped with cameras and
RFID scanners will be used to periodically audit inventory.

• Augmented Reality (AR) for Inventory Visualization: Store or warehouse managers will use AR-enabled
devices to visualize inventory levels and locations in real-time through a virtual overlay, simplifying the
process of locating and managing stock.
 REFERENCE

• Chopra, S., & Meindl, P. (2016). Supply Chain Management: Strategy, Planning, and Operation (6 th ed.).
Pearson.

• Römer, C., Reichhart, A., Kranz, J., & Picot, A. (2011). The role of smart metering and decentralized electricity
storage for smart grids: The importance of positive externalities. Energy Policy, 39(5), 2289-2298.

• Christopher, M. (2016). Logistics & Supply Chain Management (5 th ed.). Pearson.

• Zhang, Z., & Chen, L. (2017). The Impact of RFID Technology on Warehouse Process Efficiency in China.
Journal of Business Logistics, 38(3), 167-184.

• Kaur, R., & Singh, A. (2015). Review on inventory management using Internet of Things (IoT). International
Journal of Advanced Research in Computer and Communication Engineering, 4(6), 398-401.

• Bhuptani, M., & Moradpour, S. (2005). RFID Field Guide: Deploying Radio Frequency Identification Systems.
Prentice Hall.
THANK YOU