A Review on Inventory Management System for Improving Efficiency of Project Development Cycle

Abstract

Inventory is a major element of many organizations. Consequently, its proper control is crucial for the profitability of the organization and development of circumventing communities. Inventory Management System (IMS) enables the visualization, specification, and documentation of a software-intensive system. The software was tested for enhancing the workflow and providing a timely and efficient handling. The manual system requires everyday counting of items in the inventory, human errors are very prevalent during counting and recording and all the manual inventory records will be damaged and irretrievable. In light of the discoveries this paper highlights the possible solutions to the above quandaries; a computerized IMS to issue and update the stocks.