Online Sales and Inventory Management System (No of pages: 96)
INTRODUCTION OF PROJECT
OBJECTIVES OF THE PROJECT
SOFTWARE DEVELOPMENT LIFE CYCLE
HARDWARE AND SOFTWARE
SYSTEM DESIGN AND DATA FLOW DIAGRAM
DATA BASE TABLE AND PAGELAUT
LIMITATION AND BENIFIT
This project is to developed for an online Sales and Inventory Management System (SIMS) for a departmental store. This system can be used to store the details of the inventory, update the inventory based on the sale details, produce receipts for sales, generate sales and inventory reports periodically etc. This is one integrated system that contains both the user component (used by salespersons, sales managers, inventory managers etc) and the admin component (used by the administrators for performing admin level functions such as adding new items to the inventory, changing the price of an item etc).
This system runs on multiple terminals, offers a GUI interface to its users and connects to a common database(s).
Using this software we can reduce costs for warehousing, transportation, order fulfillment, and material handling – while improving customer service.
You can significantly improve inventory turns, optimize the flow of goods, and shorten routes within your warehouse or distribution center. Additional benefits of inventory management include improved cash flow, visibility, and decision making.
This software is user friendly and hence easy to use. Employees can plan, enter, and document warehouse and internal stock movements by managing goods receipts, goods issues, storage, picking and packing, physical stock transfers, and transfer postings.
Inventory management is the active control program which allows the management of sales, purchases and payments. Inventory management software helps create invoices, purchase orders, receiving lists, payment receipts and can print bar coded labels. An inventory management software system configured to your warehouse, retail or product line will help to create revenue for your company. The Inventory Management will control operating costs and provide better understanding. We are your source for inventory management information, inventory management software and tools.
A complete Inventory Management Control system contains the following components:
- Inventory Management Definition
- Inventory Management Terms
- Inventory Management Purposes
- Definition and Objectives for Inventory Management
- Organizational Hierarchy of Inventory Management
- Inventory Management Planning
- Inventory Management Controls for Inventory
- Determining Inventory Management Stock Levels
Inventory Management and Inventory Control must be designed to meet the dictates of the marketplace and support the company’s strategic plan. The many changes in market demand, new opportunities due to worldwide marketing, global sourcing of materials, and new manufacturing technology, means many companies need to change their Inventory Management approach and change the process for Inventory Control.
Despite the many changes that companies go through, the basic principles of Inventory Management and Inventory Control remain the same. Some of the new approaches and techniques are wrapped in new terminology, but the underlying principles for accomplishing good Inventory Management and Inventory activities have not changed.
The Inventory Management system and the Inventory Control Process provides information to efficiently manage the flow of materials, effectively utilize people and equipment, coordinate internal activities, and communicate with customers. Inventory Management and the activities of Inventory Control do not make decisions or manage operations; they provide the information to Managers who make more accurate and timely decisions to manage their operations
The scope of this system is to provide user efficient working environment and more output can be generated through this. This system provides user friendly interface resulting in knowing each and every usability features of the system. This system helps in tracking records so that past records can be verified through them and one can make decisions based on the past records. This system completes the work in a very less time resulting in less time consumption and high level of efficiency.
OBJECTIVES OF THE PROJECT
Inventory proportionality is the goal of demand-driven inventory management. The primary optimal outcome is to have the same number of days worth of inventory on hand across all products so that the time of run out of all products would be simultaneous.
The secondary goal of inventory proportionality is inventory minimization. By integrating accurate demand forecasting with inventory management, replenishment inventories can be scheduled to arrive just in time to replenish the product destined to run out first, while at the same time balancing out the inventory supply of all products to make their inventories more proportional, and thereby closer to achieving the primary goal. Accurate demand forecasting also allows the desired inventory proportions to be dynamic by determining expected sales out into the future; this allows for inventory to be in proportion to expected short-term sales or consumption rather than to past averages, a much more accurate and optimal outcome.
Integrating demand forecasting into inventory management in this way also allows for the prediction of the “can fit” point when inventory storage is limited on a per-product basis.
- The main objective of this system is to keep records of the complete inventory.
- To support for inventory management helps you record and track materials on the basis of both quantity and value.
- To improves cash flow, visibility, and decision making.
- To manage warehouse management, It can track quantity and value of all your materials, perform physical inventory, and optimize your warehouse resources.
- To maintain the complete inventory records of stock, receipt, details of purchasers and sellers for a departmental store.
- Processor: Pentium 4 or more for optimum performance
- RAM: Recommended 256MB
- Hard Disk: Minimum 20GB
- Operating System : Windows
- Operating System – Certified Distribution of WINDOWS
- Visual Basic 2005 Express Edition
- Database(Backend) – MS Access 2003
- Programming language: JAVA1.5