Design and implementation of an automated inventory control system for a manufacturing organisation
Table Of Contents
Chapter ONE
1.1 Introduction1.2 Background of Study
1.3 Problem Statement
1.4 Objective of Study
1.5 Limitation of Study
1.6 Scope of Study
1.7 Significance of Study
1.8 Structure of the Research
1.9 Definition of Terms
Chapter TWO
2.1 Overview of Inventory Control Systems2.2 Evolution of Inventory Management
2.3 Types of Inventory Control Systems
2.4 Benefits of Automated Inventory Systems
2.5 Challenges in Implementing Inventory Control Systems
2.6 Best Practices in Inventory Management
2.7 Case Studies on Automated Inventory Systems
2.8 Technologies Used in Inventory Control Systems
2.9 Integration with Enterprise Resource Planning (ERP)
2.10 Future Trends in Inventory Management
Chapter THREE
3.1 Research Design3.2 Data Collection Methods
3.3 Sampling Techniques
3.4 Data Analysis Procedures
3.5 Research Ethics
3.6 Validity and Reliability
3.7 Research Limitations
3.8 Timeframe for Research
Chapter FOUR
4.1 Overview of Study Findings4.2 Analysis of Data Collected
4.3 Comparison of Results with Literature Review
4.4 Interpretation of Results
4.5 Implications of Findings
4.6 Recommendations for Practice
4.7 Suggestions for Future Research
4.8 Conclusion
Chapter FIVE
5.1 Summary of Findings5.2 Conclusion
5.3 Contributions to Knowledge
5.4 Practical Implications
5.5 Recommendations
5.6 Areas for Future Research
5.7 Reflection on Research Process
5.8 Final Thoughts
Project Abstract
AbstractThis research project focuses on the design and implementation of an automated inventory control system tailored for a manufacturing organization. Inventory management is a critical aspect of manufacturing operations, directly impacting production efficiency, customer satisfaction, and overall profitability. Traditional manual inventory control systems are prone to errors, inefficiencies, and inconsistencies that can lead to stockouts, overstocking, and increased operational costs. The proposed automated inventory control system aims to address these challenges by leveraging modern technologies such as barcode scanning, RFID tracking, and real-time data analytics. By automating the inventory control process, the system will enable the manufacturing organization to accurately track inventory levels, monitor stock movements, and optimize reorder points. This will enhance inventory visibility, reduce the risk of stockouts, and streamline the replenishment process. Key features of the automated inventory control system include centralized inventory database management, automated stock alerts for reordering, integration with existing ERP systems, and customizable reporting capabilities. The system will also incorporate user-friendly interfaces for easy data input and retrieval, as well as role-based access control to ensure data security and integrity. The implementation of the automated inventory control system will involve several stages, including system design, software development, hardware integration, data migration, and user training. The system will be designed to be scalable and adaptable to the specific requirements of the manufacturing organization, taking into account factors such as production volume, SKU complexity, and supply chain dynamics. The expected benefits of the automated inventory control system include improved inventory accuracy, reduced carrying costs, increased operational efficiency, and enhanced decision-making capabilities. By providing real-time insights into inventory levels and trends, the system will enable the manufacturing organization to make data-driven decisions, optimize inventory turnover, and respond quickly to changing market conditions. Overall, the design and implementation of an automated inventory control system for a manufacturing organization represent a strategic investment in operational excellence and competitive advantage. By modernizing inventory management practices and leveraging technology-driven solutions, the organization can achieve greater efficiency, productivity, and profitability in today's dynamic business environment.
Project Overview
1.0 INTRODUCTION
An inventory control system contains a list of orders to be filled and then prompts workers to pick the necessary items, and provides them with packaging and shipping information. Inventory control may be used to automate sales order fulfilment process and also manage in and outward material of hardware. Automation is the replacement of human workers by technology. For optimal sales and inventory management process, robust functionality is needed for managing logistics facilities. Warehouse management functions for inventory control cover internal warehouse movements and storage and its support helps in the recording and tracking of materials on basis of both quantity and value.This application takes care of all supply orders reducing cost for warehousing, transportation while improving customer service. It significantly improves inventory turns, optimizes flow of goods. It also improves cash flow, visibility and decision making providing efficient execution of tasks using this fast and reliable computerised method2
1.1 BACKGROUND OF THE STUDY
The Nigerian Breweries PLC was established in the year 1946. It aims at providing satisfaction and nourishment to the Nigerian population through the distribution of drinks like beer, coca-cola, fanta, sprite etc. It is second to none and for this reason, the demand is high and the company responds to the increasing demand by stabilizing supply to strike a balance. Justifiably, the company has the problem of keeping adequate record of goods transfer and since it is done manually, associated problems of insecurity, high cost of operation and delay in supply arise. Data processing in Nigerian Breweries PLC is presently carried out using people, pens, and paper to control stock and inventory. The design and development of an automated inventory control system for the Nigerian Breweries PLC will no doubt bring immeasurable relief from the problems associated with the manual system.31.2 STATEMENT OF THE PROBLEM
The Nigerian Breweries PLC is to an extent manually operated and reveals a number of problems.ï¶ The recording of sales and cash received are done manually on a book that appears rough. Thus, the books are exposed to physical damage, information can be lost and dust particles are accumulated.ï¶ The long list of supply orders waiting to be attended to on daily basis.ï¶ The control system is time consuming, less accurate and less efficient, and the environment is not user friendly.ï¶ Inaccuracies often ensue from human error.The manual system is quite tedious and can be reduced or eliminated with the introduction of the proposed system.
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