1. A MINOR PROJECT PRESENTATION ON
STOCK PLANNER
Instructor:- Presented By:-
Mr. Rakesh Sharma Gigraj Singh shekhawat
(Assistant Professor) (B.tech,Final Year CSE)
2. Topics
Introduction
Project objective
Project Description
Advantage of the project
Scope of the project
Summary of project
3. Introduction
'Stock' is defined as the quantity of a particular
item that you have available for sale.
You can use the stock management tool to
prevent a customer from purchasing a product
that you don't have in stock, or to provide an
easy reference to see what products you are
running low on and need to order more of.
For example, if you sell mobile phones and
have 10 iPhone 5S Silver 16GB in your
warehouse, then your stock level is 10.
4. Project Objective
The main objective of stock 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 objective.
1. To keep inventory at sufficiently high level to
perform production and sales activities
smoothly.
2. To minimize investment in inventory at
minimum level to maximize profitability.
5. Project description
The stock management app can be divided into
following modules .each module perform a
different function:-
(a) Create shop :
It is used to specify by which shop we are
supplying the goods.
(b) Stock items :
we can easily keep the track records of
available items.
6. (c) Suppliers :
we can keep track record of our
suppliers.
(d) Stock in :
we can keep track records of how much
items are available in warehouses.
(e) Reports :
we can easily find how much items
have been brought into the warehouses and
how much items have been sold out from the
warehouses.
And also the reports of industrial
growth of the company.
7. (f) About us :
in this section we get information about
developer.
8. Advantage of a Stock Management
System:-
Management and stock control is a process that has a
great impact on all operational areas of your business
and is a key aspect of administration.
When competition is very strong, companies should
always ensure a balance between supply and demand.
Having a stock management system brings many
advantages to your company to provide important
information in real time to help better planning and to
make appropriate decisions.
Some of the benefits you will get by having a stock
control system in your company are:
9. 1. Raising your level of customer service quality,
reducing the loss of sales due to lack of product
and generating greater loyalty to your
company.
2. Improving cash flow of your company and
having higher inventory turnover.
3. Being able to identify seasonality in your
products will help you plan better.
4. Easily detecting slow-moving items to develop
strategies to get rid of them easily.
5. Reducing your freight costs for further
planning and reduction of emergency
purchases.
10. 6. Monitoring the quality of the products to have
them well identified and monitored.
7. Releasing and optimizing space in your stock to
increase profitability per square meter of storage.
8. Controlling inputs, outputs and location of the
goods.
11. Scope
Regardless of which type of inventory system a
company uses, the scope of the inventory may
change based on the strategic targets of the
business. Scope may refer to different aspects of
how inventory counts are conducted or to the way
inventory information is used. A manufacturer of
durable goods may use inventory information to
control the costs of raw materials and to maximize
margins, while a food manufacturer may prioritize
fast turnover of inventory to ensure freshness.
12. Problem definition
The transactions related to goods in ,goods out , and returns are
maintained manually at present along with maintaining the
accounts of the customers and the suppliers.
All these are to be automated and an application is required to
relate all of them relatively and logically so that the current
system can be replaced and accepted without major changes
and problems.
14. Summary of project
Inventory items can be divided into two main
types: Independent demand and dependent
demand items. The systems for managing these
two types if inventory differ significantly.
The two classic systems for managing
independent demand inventory are periodic
review and perpetual review systems.
Inventory serves a useful purpose in the
supply chain. That said, firms can help
minimize the need for inventory by carefully
managing those factors that drive inventory
levels up.