Professional Documents
Culture Documents
MANAGEMENT
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GROUP NO:64
1.EXISTING SYSTEM
• Imagine a tool that makes handling invoices for your business a breeze. It's like
having a personal assistant for all things in business. Whether you're creating,
tracking, or managing invoices, this system has got you covered. It's not just
about making things faster; it's about making your business life smoother and
more organized. Join us as we introduce a new era of hassle-free invoicing that's
designed to make your business life a whole lot easier.
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4.PROBLEM DEFINITION
5.CORE COMPONENTS
6.PROJECT PROFILE
Project Title Inventory Management
7.ASSUMPTIONS
AND CONSTRAINTS
• Stable Supply Chain: The system assumes a relatively stable supply chain where products can be
reliably sourced from suppliers without significant disruptions.
• Accurate Data Entry: It assumes that users will enter data accurately and consistently into the
system, including product details, inventory counts, and transaction information.
• Adequate Infrastructure: The system assumes access to necessary hardware (e.g., computers,
barcode scanners) and internet connectivity to support its operation.
• Defined Business Processes: It assumes that the business has clearly defined inventory management
processes in place, such as receiving goods, recording sales, and conducting stocktakes.
• Predictable Demand Patterns: The system assumes that demand for products follows relatively
predictable patterns, allowing for effective inventory planning and forecasting.