Description:
Businesses face challenges in tracking stock levels, managing suppliers, and preventing overstocking or stockouts. This project develops a comprehensive inventory management solution for efficient warehouse and stock control.
Key Points:
Product cataloging with categories, SKUs, and specifications
Real-time stock level monitoring with low-stock alerts
Purchase order management and supplier tracking
Sales order processing and fulfillment
Barcode or QR code integration for quick scanning
Warehouse location mapping for easy product retrieval
Stock transfer between multiple warehouses
Expiry date tracking for perishable items
Automated reorder point calculations
Sales and purchase analytics with forecasting
Return and damaged goods management
Financial reporting for inventory valuation
Problem Solved:
Prevents stock shortages and overstocking, reduces inventory holding costs, improves order fulfillment speed, minimizes theft and loss, and enables data-driven procurement decisions.
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