INVENTORY MANAGEMENT SYSTEM
CONTENTS • ACKNOWLEDGEMENT • INTRODUCTION • PURPOSE • INVENTORY INVESTMENT CONTROL • FACTOR THAT AFFECT INVENTORY MANAGEMNT • INVENTORY REPLENISHMENT • REQUIREMENT SPECIFICATIONS • DATA FLOW DIAGRAM (DFD) • ENTITY RELATIONSHIP DIAGRAM (ERD) • REFERENCES
ACKNOWLEDGEMENT
I am thankful to miss Maneet kaur for providing me the task of preparing the term paper on INVENTORY MANAGEMENT SYSTEM. I am at lovely believe in taking challenges and the term paper provided me the opportunity to tackle a challenge in the subject of data base management system. This term paper tested my patience at every step of preparation but the courage provided by my teacher helped me to swing against the tide and move against the winds. I am also thankful to my friends and my laptop to providing me help at every step of preparation of the term paper.
INTRODUCTION
You are in trouble if you have to keep telling customers, "I'm sorry we're out of that size. May we order it for you?" Even though the shirts are selling briskly, you will lose customers if you don't have an item in stock. When the customer spends, you have got to be ready with the goods. This is what inventory management is all about. In many retail and wholesale operations, the single largest asset is inventory. Control of this investment is vital. It will eliminate a number of the problems associated with capital shortages and will also provide capital to permit expansion of operations for increased sales and profit.
Need for Prompt Action Inventory problems often require prompt corrective action. In many businesses, the market life of inventory is short and if inventory is insufficient when market demand peaks, sales and profits are lost. If inventory is excessive when demand declines ,the excess must be cleared, often at sharply reduced prices, again affecting profits. These special problems are