This document presents a minor project on a stock planner app. The project aims to help businesses manage inventory levels to avoid excess or shortage. The stock planner app allows users to track inventory levels of items and suppliers, record stock ins and outs, and view reports. Maintaining appropriate inventory levels provides benefits like improved customer service, cash flow, and profitability. The app will be developed using Eclipse, Android SDK, and have hardware requirements of 4GB RAM and 100GB storage. It will help automate manual inventory processes currently used by businesses.
ESOLPK offers Enterprise Solution Services, Microsoft Dynamics ERP and business solutions, Microsoft Dynamics GP, Microsoft SharePoint and Microsoft Dynamics CRM.
The Complete Inventory Management Guide for RetailersVend
Inventory management keeps many retailers up at night, and for good reason: staying on top of your store’s stock levels is a balancing act that can make or break your sales and customer satisfaction.
So how can you can get stock levels just right in your store?
From picking the right solution and entering your products, to tracking stock levels and automating parts of the process, we have you covered with tips and examples to help you win at inventory management - whether you’re choosing your inventory software for the first time, or you want to improve and optimize an existing system.
Introduction of inventory,budget creation pie chart,budget,budget creation,budget control,budget control pie chart, editing and inserting budget,essential of budgetary control, creation of cost,cost center, layout of cost in tally,generating and printing reports
Definition of Inventory
Inventories means the stock of the product of a company and components there of that makes up the product. It includes the raw materials, work in progress and finished goods.
It is the physical stock of items a business or production organization kept in hand for the efficient running of business or its production.
Inventory management objective
Maintaining sufficient stock
Ensures that the supply of raw material & finished goods.
Ability to meet demands of customers.
Preventing Dead Stock or Perishability:
To maintain an optimal inventory level.
Reducing chances of wastage.
Optimizing Storage Cost:
Reduces the chances of maintaining excess stock.
Requirements can be pre-determined
Warehouse cost is the cost associated with the management of the space (storage), the manpower involved in handling the material and the operations performed in the warehouse. Warehouse cost saving includes saving in time, labour, assets and ultimately in money.
ESOLPK offers Enterprise Solution Services, Microsoft Dynamics ERP and business solutions, Microsoft Dynamics GP, Microsoft SharePoint and Microsoft Dynamics CRM.
The Complete Inventory Management Guide for RetailersVend
Inventory management keeps many retailers up at night, and for good reason: staying on top of your store’s stock levels is a balancing act that can make or break your sales and customer satisfaction.
So how can you can get stock levels just right in your store?
From picking the right solution and entering your products, to tracking stock levels and automating parts of the process, we have you covered with tips and examples to help you win at inventory management - whether you’re choosing your inventory software for the first time, or you want to improve and optimize an existing system.
Introduction of inventory,budget creation pie chart,budget,budget creation,budget control,budget control pie chart, editing and inserting budget,essential of budgetary control, creation of cost,cost center, layout of cost in tally,generating and printing reports
Definition of Inventory
Inventories means the stock of the product of a company and components there of that makes up the product. It includes the raw materials, work in progress and finished goods.
It is the physical stock of items a business or production organization kept in hand for the efficient running of business or its production.
Inventory management objective
Maintaining sufficient stock
Ensures that the supply of raw material & finished goods.
Ability to meet demands of customers.
Preventing Dead Stock or Perishability:
To maintain an optimal inventory level.
Reducing chances of wastage.
Optimizing Storage Cost:
Reduces the chances of maintaining excess stock.
Requirements can be pre-determined
Warehouse cost is the cost associated with the management of the space (storage), the manpower involved in handling the material and the operations performed in the warehouse. Warehouse cost saving includes saving in time, labour, assets and ultimately in money.
Companies that optimize their inventory reduce inventory items and stock levels, avoid associated carrying costs and obsolescence write-downs. Want to know the best practices to optimize your inventory, check the presentation-
6 inventory control techniques for stock optimizationSalesBabuCRM
Inventory management is the process of tracking every stock which comes in and goes out of a warehouse starting from manufacturing till the final product delivery. There are many inventory management techniques and softwares which have many efficient ways of controlling our company’s stock and improving overall business revenue.
Food manufacturing streamlining with manufacturing erpMRPeasy
Small and Medium-sized manufacturers are telling that tracking and administering payroll accurately is a critical function for them but do you know why?
Read more from our blog.
Bill-of-material or the BOM is an important term in manufacturing industry. Go through the presentation to know its meaning, significance, purpose and how an ERP supports it.
Different ways to streamline manufacturing inventory processAdriene Raynott
Manufacturing Inventory Process is an integral part of every business firm and is surrounded by dynamic infrastructure, innovative technology, and complex supply chain. To minimize these complexities and reduce costs, handling accounting and finance appropriately should be the main concern in these industries. Let read about these points to streamline the process.
Logistics Management, BBA III Year Notes, Osmania UniversityBalasri Kamarapu
Inventory Management in Supply chain – Role and importance of inventory in SC, Inventory Policies, Inventory as an element of customer service, JIT, BBA Notes
6 inventory control techniques for stock optimizationSalesBabuCRM
Inventory management is the process of tracking every stock which comes in and goes out of a warehouse starting from manufacturing till the final product delivery. There are many inventory management techniques and softwares which have many efficient ways of controlling our company’s stock and improving overall business revenue.
Grocery Inventory Management Software Development in 2023.pdfTechugo
Grocery inventory management software is a tool designed to help grocery store owners and managers track and manage the inventory of their products. It allows them to efficiently track stock levels, monitor sales and purchase data, and create automatic reorder points.
Good grocery inventory management software can help you manage shrinkage. It also allows you to track inventory data in real-time to aid you in understanding the stock’s life cycle. You can organize older products and items with a shorter lifespan, so they are sold first.
Companies that optimize their inventory reduce inventory items and stock levels, avoid associated carrying costs and obsolescence write-downs. Want to know the best practices to optimize your inventory, check the presentation-
6 inventory control techniques for stock optimizationSalesBabuCRM
Inventory management is the process of tracking every stock which comes in and goes out of a warehouse starting from manufacturing till the final product delivery. There are many inventory management techniques and softwares which have many efficient ways of controlling our company’s stock and improving overall business revenue.
Food manufacturing streamlining with manufacturing erpMRPeasy
Small and Medium-sized manufacturers are telling that tracking and administering payroll accurately is a critical function for them but do you know why?
Read more from our blog.
Bill-of-material or the BOM is an important term in manufacturing industry. Go through the presentation to know its meaning, significance, purpose and how an ERP supports it.
Different ways to streamline manufacturing inventory processAdriene Raynott
Manufacturing Inventory Process is an integral part of every business firm and is surrounded by dynamic infrastructure, innovative technology, and complex supply chain. To minimize these complexities and reduce costs, handling accounting and finance appropriately should be the main concern in these industries. Let read about these points to streamline the process.
Logistics Management, BBA III Year Notes, Osmania UniversityBalasri Kamarapu
Inventory Management in Supply chain – Role and importance of inventory in SC, Inventory Policies, Inventory as an element of customer service, JIT, BBA Notes
6 inventory control techniques for stock optimizationSalesBabuCRM
Inventory management is the process of tracking every stock which comes in and goes out of a warehouse starting from manufacturing till the final product delivery. There are many inventory management techniques and softwares which have many efficient ways of controlling our company’s stock and improving overall business revenue.
Grocery Inventory Management Software Development in 2023.pdfTechugo
Grocery inventory management software is a tool designed to help grocery store owners and managers track and manage the inventory of their products. It allows them to efficiently track stock levels, monitor sales and purchase data, and create automatic reorder points.
Good grocery inventory management software can help you manage shrinkage. It also allows you to track inventory data in real-time to aid you in understanding the stock’s life cycle. You can organize older products and items with a shorter lifespan, so they are sold first.
Grocery Inventory Management Software Development in 2023.pdfTechugo
Grocery store owners often face inventory problems that have a negative impact on their overall business. These challenges can affect everything from customer satisfaction to gross profit to the Return On Investment (ROI) of their business.
A project on inventory management. The necessity of effective inventory management is being increasingly realized in industrial and non-industrial organization both in India and abroad. This realization has come about because of increasing complexity of the task of managers and administrators. In most organization, the problem of effective inventory control is now viewed as the most critical problem with changes in social climate. While these can be great assets to the organizations, they become problems if the organization is not able to manage inventory properly.
Liquidity and profitability are the two vital aspects of corporate business. Any business cannot run without these two. A firm may run without profits for sometime; but with no liquidity, the firm cannot run their business. That is why management of inventory is an integral part of corporate planning in business life.
The proper inventory control system leads to an optimum utilization of resources. Idle materials are of a financial burden to the organization. Thus proper, inventory management directly assists in efficient functioning of the company. S.L. Goel says “takecare of the forest, the tree will take care of itself”, it should be the main motto of an inventory controller.
In inventory management, various methods and techniques can be adopted to control the inventory like, prompt maintenance of registrars, proper raw material arrangement, and fixation of various control levels and application of inventory control techniques and bin card system etc, which are relevant for inventory control in stores department.
Inventory management will help an organization in dealing with the supply of the raw materials and other activity in order to achieve the maximum co-ordination and optimum expenditure on materials to increase the profits of the firm. CLA‟s inventory control system is chosen for the study; by the investigator is no expectation in view of growing significance of the efficient control of inventories. Hence, the researcher was prompted to take up this topic.
Study on Inventory Management at Reid & Taylor (India) LtdProjects Kart
Inventory is a list of goods and materials, or those goods and materials themselves, held available in stock by a business. Inventory management is primarily about specifying the size and placement of stocked goods. Inventory management is required at different locations within a facility or within multiple locations of a supply network to protect the regular and planned course of production against the random disturbance of running out of materials or goods. The scope of inventory management also concerns the fine lines between replenishment lead time, carrying costs of inventory, asset management, inventory forecasting, inventory valuation, inventory visibility, future inventory price forecasting, physical inventory, available physical space for inventory, quality management, replenishment, returns and defective goods and demand forecasting.
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Stock planner project ppt
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.