My sister owns a small clothing store. During a conversation at a family dinner, she mentioned her frustration with having to manually track and reorder high demand items. She would like an automated system but has a very small budget. Manually tracking orders is not a good way to do business. A good example would be if you were tracking inventory using EXCEL you could accidentally delete the file, or a virus could destroy your system. Pen and paper tracking is not efficient, and it leaves a lot of room for human error. The purpose of inventory management is to provide uninterrupted production, sales, and customer service levels at the minimum cost. Since for many companies’ inventory is the largest item in the current assets category, inventory problems can and do contribute to losses or even business failures. What is inventory management? Inventory control is important for the largest companies, and it is equally important for the smallest businesses as well. For example, my sister’s small clothing store needs to be able to track its best-selling items along with its slow moving items. It needs to keep a higher on-hand count of the best-selling items, so that customers will not be upset if the item that they are looking for is not in-stock. A good inventory system creates efficiency and increases profits. My sister’s budget is very limited. So, I am going to build the most effective system that I can for the least amount of money.
Sister's main issue is tracking and reordering high demand items. Her requirements are having automatic inventory system with small budget and the system must provide her capabilities of tracking and reordering high demand items automatically. In order to launch this project, me and my consultant had a meeting with sister to get information about current inventory system, process, number of employees, floor plan, and etc. From the