ANALYSIS AND DESIGN OF INVENTORY MANAGEMENT INFORMATION SYSTEM

Abstract

Inventory is often the largest priced asset of a business after the
fixed asset. Keeping the inventory also means keeping a tab on the
realizable value, market value of all the stocks, stock in production
and finished stock. This research work explores the challenges of
manual inventory management system for supermarkets and
infers solutions to the current challenges by designing a
computerized inventory management system to order and update
the stocks. The main method used for this research work is
interview. Data were collected from five heterogeneous
supermarkets and used as a tool for obtaining facts. When the
goods were supplied the update of the stocks were being taken
from time to time. The findings shows the challenges facing the
manual system of inventory management system; the manual
system requires everyday counting of items in the inventory,
human errors are very prevalent during counting and recording
and in case of disaster like fire or flood or poor communication, all
the manual inventory records will be damaged and irretrievable.
Based on the findings, this research work highlights the possible
solutions to the above problems; a computerized inventory
management system to order and update the stocks was designed
and goods were supplied to implement the possible solutions

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