ACKNOWLEDGEMENT
A scholarly and quality work of developing major project report can be accomplished by
motivation, guidance and inspiration of certain quarters besides the individual efforts. Let me in
this page express my heartiest gratitude to all those who helped me in various stages of this
study.
We are very much thankful to Prof. R.P. Sharma, PRINCIPAL, ACERC College, Kukas and
Er. Himanshu Arora, HOD, and Department of CS & IT for giving me the permission to
undergo this project and providing all the necessary facilities.
During my seminar period all the staff members of department have helped us with their skills.
Here by I express our sincere thanks to project coordinator Er. Shilpi Mishra whose valuable
guidance and kind cooperation, without which this project would have not been possible.
SAHIL JAIN
07EAYCS042
ARIHANT JAIN
07EAYCS004
ANUJ ARORA
07EAYCS002
Computer Science Engg
PREFACE
Inventory control system is the delicate balance of the costs versus profits associated with having
stock on hand. Inventory control system means keeping the overall costs associated with having
inventory as low as possible without creating problems. This is also sometimes called stock
control. It is an important part of any business that must have a stock of products or items on
hand. Correctly managing inventory control is a delicate balance at all times between having too
much and too little in order to maximize profits. The costs associated with holding stock, running
out of stock, and placing orders must all be looked at and compared in order to find the right
formula for a particular business.
Inventory Control System: Improving the Bottom Line
Inventory control requires the tracking of all parts and materials purchased, products processed,
and products stored and ready for shipment. Having a sophisticated tracking system alone does
not improve your bottom line, it is how you use the information that your system provides.
From a financial perspective, inventory control is no small matter. Oftentimes, inventory is the
largest asset item on a manufacturer’s or distributor’s balance sheet. As a result, there is a lot of
management emphasis on keeping inventories down so they do not consume too much cash. The
objectives of inventory reduction and minimization are more easily accomplished with modern
inventory management processes that are working effectively.
ACKNOWLEDGEMENT
A scholarly and quality work of developing major project report can be accomplished by
motivation, guidance and inspiration of certain quarters besides the individual efforts. Let me in
this page express my heartiest gratitude to all those who helped me in various stages of this
study.
We are very much thankful to Prof. R.P. Sharma, PRINCIPAL, ACERC College, Kukas and
Er. Himanshu Arora, HOD, and Department of CS & IT for giving me the permission to
undergo this project and providing all the necessary facilities.
During my seminar period all the staff members of department have helped us with their skills.
Here by I express our sincere thanks to project coordinator Er. Shilpi Mishra whose valuable
guidance and kind cooperation, without which this project would have not been possible.
SAHIL JAIN
07EAYCS042
ARIHANT JAIN
07EAYCS004
ANUJ ARORA
07EAYCS002
Computer Science Engg
PREFACE
Inventory control system is the delicate balance of the costs versus profits associated with having
stock on hand. Inventory control system means keeping the overall costs associated with having
inventory as low as possible without creating problems. This is also sometimes called stock
control. It is an important part of any business that must have a stock of products or items on
hand. Correctly managing inventory control is a delicate balance at all times between having too
much and too little in order to maximize profits. The costs associated with holding stock, running
out of stock, and placing orders must all be looked at and compared in order to find the right
formula for a particular business.
Inventory Control System: Improving the Bottom Line
Inventory control requires the tracking of all parts and materials purchased, products processed,
and products stored and ready for shipment. Having a sophisticated tracking system alone does
not improve your bottom line, it is how you use the information that your system provides.
From a financial perspective, inventory control is no small matter. Oftentimes, inventory is the
largest asset item on a manufacturer’s or distributor’s balance sheet. As a result, there is a lot of
management emphasis on keeping inventories down so they do not consume too much cash. The
objectives of inventory reduction and minimization are more easily accomplished with modern
inventory management processes that are working effectively.
ACKNOWLEDGEMENT
A scholarly and quality work of developing major project report can be accomplished by
motivation, guidance and inspiration of certain quarters besides the individual efforts. Let me in
this page express my heartiest gratitude to all those who helped me in various stages of this
study.
We are very much thankful to Prof. R.P. Sharma, PRINCIPAL, ACERC College, Kukas and
Er. Himanshu Arora, HOD, and Department of CS & IT for giving me the permission to
undergo this project and providing all the necessary facilities.
During my seminar period all the staff members of department have helped us with their skills.
Here by I express our sincere thanks to project coordinator Er. Shilpi Mishra whose valuable
guidance and kind cooperation, without which this project would have not been possible.
SAHIL JAIN
07EAYCS042
ARIHANT JAIN
07EAYCS004
ANUJ ARORA
07EAYCS002
Computer Science Engg
PREFACE
Inventory control system is the delicate balance of the costs versus profits associated with having
stock on hand. Inventory control system means keeping the overall costs associated with having
inventory as low as possible without creating problems. This is also sometimes called stock
control. It is an important part of any business that must have a stock of products or items on
hand. Correctly managing inventory control is a delicate balance at all times between having too
much and too little in order to maximize profits. The costs associated with holding stock, running
out of stock, and placing orders must all be looked at and compared in order to find the right
formula for a particular business.
Inventory Control System: Improving the Bottom Line
Inventory control requires the tracking of all parts and materials purchased, products processed,
and products stored and ready for shipment. Having a sophisticated tracking system alone does
not improve your bottom line, it is how you use the information that your system provides.
From a financial perspective, inventory control is no small matter. Oftentimes, inventory is the
largest asset item on a manufacturer’s or distributor’s balance sheet. As a result, there is a lot of
management emphasis on keeping inventories down so they do not consume too much cash. The
objectives of inventory reduction and minimization are more easily accomplished with modern
inventory management processes that are working effectively.