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Project-Final Evaluation

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21CS058 VIJAY SARATHI.G CSE
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Project-Final Evaluation

Project

Uploaded by

21CS058 VIJAY SARATHI.G CSE
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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CHETTINAD COLLEGE OF ENGINEERING AND TECHNOLOGY, KARUR

DEPARTMENT OF COMPUTER SCIENCE AND ENGINEERING


PROJECT REPORT
FINAL EVALUATION
Class: III-CSE/ VI Semester Academic Year:2023-2024 (Even Sem)
Batch Accepted/Not
Batch Members Guide Name Title of the Project
No Accepted
Jeevanantham N
Inventory Software
Karthisan M Mrs.S.Suganya Accepted
Maintainance
Balamurugan E

ABSTRACT:
The Inventory Management System is a real-time inventory database capable of connecting
multiple stores. 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. However, the system merely
records sales and restocking data and rovides warning of low stock at any location through
email at a specified interval.

The goal is to reduce the stress of tracking rather than to holder all store maintenance. 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.

1. INTRODUCTION

Inventory management refers to the process of ordering, storing, using, and selling a company's
inventory.

This includes the management of raw materials, components, and finished products, as well as
warehousing and processing of such items.

There are different types of inventory management, each with its pros and cons, depending on a
company’s needs.

2. DESCRIPTION OF THE PROBLEM STATEMENT

Lack of visibility is one of the most common inventory management problems. Locating the
correct item in the right place as quickly as possible is essential to inventory.

If the hard to find inventory is part of the supply chain for manufacturing, it can impact the
operations of the entire manufacturing process
3. PROPOSED SOLUTION STATEMENT

Our inventory maintenance software offers a comprehensive platform for businesses to


effortlessly manage their inventory. Centralized Tracking: Consider upgrading to tracking
software that provides automated features for re-ordering and procurement.

Transparent Performance
Stock Auditing
Demand Forecasting
Add Imagery
Go Paperless

4. BLOCK DIAGRAM/FLOW CHART

5. HARDWARE/SOFTWARE COMPONETS USED


Nil

6. METHODOLOGY
 ABC Analysis:
This method works by identifying the most and least popular types of stock.
 Batch Tracking:
This method groups similar items to track expiration dates and trace defective items.
 Bulk Shipments:
This method considers unpacked materials that suppliers load directly into ships or trucks. It
involves buying, storing and shipping inventory in bulk.
 Drop shipping:
In this practice, the supplier ships items directly from its warehouse to the customer.
 FIFO and LIFO:
First in, first-out (FIFO) means you move the oldest stock first. Last in, first-out (LIFO) considers
that prices always rise, so the most recently-purchased inventory is the most expensive and thus
sold first.
7. RESULT AND DISCUSSION

8. APPLICATIONS

 Retail
 Manufacturing
 Wholesale Distribution
 E-commerce
 Hospitality
 Healthcare
 Automotive Industry

9.CONCLUSION

In conclusion, inventory management is a critical process for any business to help ensure that it
has the right amount of inventory at the right time.

10. REFERENCES

1. Banerjee, A. and Watson, T.F. (2011) Pickard’s manual of operative dentistry. 9th edn.
Oxford: Oxford University Press.
2. Guy, J. (2001) The view across the river: Harriette Colenso and the Zulu struggle
against imperialism. Charlottesville, Virginia: University Press of Virginia.
3. http://www.amazon.co.uk/kindlestore
WORK PROGRESS REPORT (By students)

WORK PROGRESS REPORT(By Guide)

PROJECT VIDEO LINK

Guide Signature Class In-charge HoD/CSE

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