Smart Inventory Management
Dr. Yonglei Tao, firstname.lastname@example.org
The motive of this project is to create an interactive Inventory management system that could help small and medium scale businesses like bakeries. Also based on historical data, past sales are analyzed and future sales are predicted which would help in reducing wastage of perishable stock.
Although inventory management is taken care of in most large scale businesses, pen and paper system still prevails and are often used in industries which end up losing the potential of long term analysis and statistics in their every day run. With the help of this system, flow of raw materials could be monitored and orders could be managed accordingly. This also helps to maintain a balance between the sales and stock. The system would accept the information related to the raw materials and orders placed with corresponding dealers. Also the incoming stock and usage of the quantity of each raw material is monitored. The system is automated to alert the store manager on the availability as and when needed.
Kasinathan, Gayathri, "Smart Inventory Management" (2016). Technical Library. 245.