INVENTORY MANAGEMENT SYSTEM

SYNOPSIS

Submitted

In Department of Computer Science & Engineering

Bachelor of Technology

Submitted To: Mr.Ajay Kumar Submitted By:Harsh Gupta

(Assistant Professor) Ishika Rawat

Project Mentor: Dr.Shalini Rajawat Dhruv Singh

(Associate Professor) Gigyasha Sharma

Department of Computer Science & Engineering

JECRC UNIVERSITY, JAIPUR

2019

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 ACKNOWLEDGMENT

This project is prepared in the partial fulfillment of the requirement for the
degree of Bachelor of Technology. The satisfaction and success of completion of
this task would be incomplete without heartfelt thanks to people whose constant
guidance, support and encouragement made this work successful.

On doing this undergraduate project we have been fortunate to have help,

support and encouragement from many people we would like to acknowledge them
for their cooperation.

Our first thanks goes to JecrcUniversity for designing such a worthy syllabus
and making us do this project. Our next batch of thanks goes to the faculty of
Management of Nobel College without whose help our project would have been
impossible.

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 INDEX

S.No Topic Pg.No

1. AIM 4

2. OBJECTIVES 5

3. GOAL 6

4. RESOURCES REQUIRED 6

5. RELEVANCE 7

6. REFERENCES 9

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AIM

Purpose
Inventory Management System must be designed to meet the dictates of
market place and support the company’s Strategic Plan. The many changes in
the 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. Inventory Management system provides information to efficiently
manage the flow of materials, effectively utilize people and equipment,
coordinate internal activities and communicate with customers. Inventory
Management does not make decisions or manage operations; they provide the
information to managers who make more accurate and timely decisions to
manage their operations.

Scope
It may help collecting perfect management in details. In a very short
time, the collection will be obvious, simple and sensible. It will help a person to
know the management of passed year perfectly and vividly. It also helps in current
all works relative to Inventory Management System. It will be also reduced the
cost of collecting the management and collection procedure will go on smoothly.

Our project aims at business process automation i.e. we have tried to computerize
various processes of inventory management system.

 In computer system the person has to fill the various forms and number of
copies of the forms can be easily generated at a time.
 In computer system, it is not necessary to create the manifest but we can
directly print it, which saves our time.
 To assist the staff in capturing the effort spent on their respective working
areas.
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  To utilize resources in an efficient manner by increasing their productivity
through automation.
 The system generates types of information that can be used for various
purposes.
 It satisfy the user requirement.
 Be easy to understand by the user and operator.
 Be easy to operate.
 Have a good user interface.
 Be expandable.
 Delivered on schedule within budget.

OBJECTIVES
Primary Objective
The primary objective of the project is to fulfill the requirement for
achieving the Bachelor’s degree of Computer Information System.

Secondary Objective
The main objective of inventory management is to maintain inventory at
appropriate level to avoid excessive or shortage of inventory because both the
cases are undesirable for business. Thus, management is faced with the following
conflicting objectives.

 To keep inventory at sufficiently high level to perform production and sales

activities smoothly.
 To minimize investment in inventory at minimum level to maximize
profitability.
 To handle the inventory details like sales details, purchase details and
balance stock details.
 To provide competitive advantage to the organization.
 To provide details information about the stock balance.
 To make the stock manageable and simplify the use of inventory in the
organization.

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  To develop an application that deals with the day to day requirement of any
production organization.

GOAL
The goals accomplished in designing/developing of the system are:

 User Friendliness: The system has totally user-friendly sense as user only
has to punch the data & almost everywhere whenever required messages are
being displayed in the package.

 Duplicity: As data is entered in different modules, consideration is made so

that no duplicate entry exists in the system.

 Security: A high level security at different level has been incorporated into
the system on the basis of user requirements.

 Fast: As far as possible slow responses are avoided and thus the system is
fast enough. The main goal of the project is to maintain the office without
hassles. There are n number of enquires will be there in an office every day
to manage all these enquires integrated system is very essential this gap is
filled by this software.

RESOURCES REQUIRED
 Hardware Requirements
 Hard Disk :25GB (min)
 RAM :512 MB (min) more
 Computer processor :Pentium 4(min)

 Software Requirements
 Operating System :WINDOWS 7 or above
 Language used (Front End) : Java

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  Database (Back End) :mySql
 Connector : JDBC Connector
 Input Requirements
 Mouse :Optical mouse with
800 dpi/laser
 Keyboard :Standard 102 keys
QWERTY keyboard

RELEVANCE
• Inventory balance:
A managed approach to inventory helps to eliminate shortages,
overstocking, and stock obsolescence. Inventory management helps facility
managers find the right balance between carrying too much and too little
inventory
.
• Inventory turnover:
The longer an item sits in the warehouse, the greater the chance is that
it will be obsolete. Installed equipment within the facility changes frequently,
and if the warehouse stocks an overly large supply of replacement parts specific
to the old equipment, they will become obsolete. A managed system will
identify items that no longer need to be carried as well as additional items that
should be added to the inventory.

• Ease of access:
Tracking inventory use will identify items that are used most
frequently. By organizing the warehouse so that frequently used items are
readily accessible, the time spent retrieving these items will be minimized.

• Tracking of inventory use:

One of the most important benefits of an inventory management system
is that by tracking the items that are being used, how often they are needed, and

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 what time of year they are needed, facility managers can anticipate needs and
make certain that the warehouse is properly stocked when the items are needed.

• Tracking costs:
Whenever items are drawn from inventory, their cost can be tied to the
maintenance or service activity being performed. This allows facility managers
to accurately track operating costs for those tasks and for individual pieces of
equipment. And if the work being performed is reimbursable, the system will
provide accurate billing costs.

• Improved efficiency:
Inventory management systems come with tools that eliminate many of
the time-consuming and error-producing processes associated with manual
systems. Software can tie parts inventory to purchasing and billing systems. Bar
code scanners can tie parts checked out to individual work orders. Inventory
numbers and bar codes identify where the items are stocked in the warehouse.
Tools like these help make the entire system more efficient and reduce errors.
While inventory management systems will benefit any organization, they
are particularly valuable in facilities with multiple warehouse locations. By
tracking inventory and use by locations, the systems can help to eliminate
unnecessary duplication across warehouse sites as well as to identify the best
storage location for specific items.

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REFERENCES

file:///C:/Users/Illu/Downloads/Final_Year_Project_on_Inventory_Management_S
ystem.com

https://www.facilitiesnet.com/facilitiesmanagement/article/Understanding-the-
Benefits-of-Inventory-Management---17648

file:///C:/Users/Illu/Downloads/synopsisoninventorymanagementsystem-
170212170504.pdf

https://emergeapp.net/sales/benefits-inventory-management-software/

https://www.javatpoint.com/

https://www.scribd.com/document/334841489/Synopsis-of-Inventory-
Management-System