INVENTORY MANAGEMENT SYSTEM

P R O J E C T P R O P O S A L

Goh Jin Kai (PBS171021499) | Sivasakti Marimuthu (PBS16211313) | Ani Fadilah binti Dahri (PBS16221413)
 PRESENTATION OUTLINE

Introduction
Problem Statement
Findings
Our Solution
Inventory System Features (Short project description)
Project Scope (List of important requirements)
Project Team
Project Approach Across XX Weeks
Timeline For Key Activities and Milestones
Budget Details
Communication
Possible Risks
Conclusion
 INTRODUCTION

Company Background
A science research organization, called ABC industry
Small organization with about 20 employees

Core business
Solve clients problems on a small scale in their labs
Solution is sold to the client for a negotiated price
 COMPANY
STRUCTURE
INTRODUCTION
 PROBLEM IDENTIFICATION
Many steps involved in process of solving a clients
problem:
billing the client
purchasing materials
checking inventory and so on

The inventory system needs greatest attention

With recent growth and workforce expansion, the system has
become inadequate, thus impeding efficiency
Resulted in relatively large project delays, inventory wastage and
increased cost of maintaining the legacy system
 CURRENT
INVENTORY SYSTEM
 FINDINGS
Drawbacks of Existing Inventory System
Increased costs
Spend unnecessary amounts of money on items that will not profit business
Impossible to track inventory and slow data processing
Without access to real time information will make tracking inventory nearly
impossible
Lack of Inventory balance
A lack of inventory balance makes product shortages and overstocking unavoidable
Time Consuming, tedious and a lot of paperwork
Valuable time and human capital is being spent completing a task a system could
manage
 FINDINGS

Decreased employee productivity

Inefficient employees in the workplace
Ineffective decision making
Decisions made dont provide greatest return without having the resources to
analyse inventory trends
Increased lead times and stock-outs
Difficulty in tracking inventory results in running out of stock when it is needed
Not user-friendly environment
 OUR SOLUTION

An inventory management and tracking system provides the entire

organization real-time visibility into inventory availability while they
are ordering, reducing redundant and wasteful spend.

An Inventory management and tracking system also automates

fulfilment and keeps inventory in sync through regular cycle counts,
discrepancy reports, and asset tags.

An inventory software system can help a company organize their

inventory usage from anywhere at anytime.
OUR SOLUTION
 INVENTORY SYS TEM FEATURES

REAL-TIME VISIBILITY
Real-time tracking visibility for employees to see inventory levels as they buy and
for the company to monitor, manage and optimize.

CYCLE COUNTS AND DISCREPANCY WORKFLOW

Keep inventory in sync through regular easy to use cycle counts, discrepancy
reports.

INVENTORY OPPORTUNITIES
Get prompted for better inventory optimization opportunities.

CUSTOMIZABLE AUDIT REPORTS

Track inventory and view trends through customizable audit reports.
 THE PROJECT SCOPE

The scope of the system comprises a complete set of methods to support

inventory handling through the following modules:
Stock Management

Administrator Module

Reporting Module

The target users of the system are the following:

Store Management Unit Personnel

Users from departments

THE PROJECT TEAM
PROJECT APPROACH ACRROS XX WEEKS
TIMELINE FOR KEY ACTIVITIES AND MILESTONES
BUDGET DETAILS
POSSIBLE RISKS
CONCLUSION
THANK YOU