Stock Inventory Management System

Abstract

Stock inventory management system is important for any business organization. The inventory management system (IMS) refers to the system and processes to manage the stock of an organization with the involvement of a technology system. This system can be used to store the details of the inventory, perform stock maintenance, update the inventory based on the sales details and generate sales and inventory reports yearly or weekly based. This project categorizes individual aspects of the sales and inventory management system. In this system, we are solving different problems affecting direct sales management and purchase management. An inventory management system is important to ensure quality control in businesses that handle transactions revolving around consumer goods. Without proper inventory control a large retail store may run out of stock on an important item. In the modern world every company wants to establish their business by profit and they can maintain their profit through software. Without proper inventory control, a large retail store may run out of stock on an important item. A good inventory management system will alert the wholesaler when it is time to record. Inventory management system is also an important means of automatically tracking large shipments. An automated inventory management system helps to minimize errors while recording the stock.