Inventory Management System

Abstract

The concept of an Inventory Management System is to promise about approaching for increasing planned reusability in industry. Inventory Management System is enable for planning and strategic decisions of product. Inventory Management System contributes to efficiency and structure of company activities. Due to the absence of an inventory management specific performance measurement evaluation tool, this system is conducted to acquire that knowledge. Still some interesting improvements can be made in this field. ERP claims to provide several improvements at this point and a good performance measurement tool would help to evaluate those statements. Financial and technical product information must be available through the Inventory System, as needed to support the functional responsibilities of personnel within the finance and contracts management departments.