INVENTORY MANAGEMENT AND TAXATION

Abstract

Inventory Management is the primary problems in almost every company and stores. Before 10-15 years, paper tables and paperwork solutions were being used as inventory management tools. There we are very far from solution, it took so much time, even only for this there were need of employees specifically for this department. There was no any efficient solution available during these days. Each and Every process was based on paperwork, so that employees fault rate was very high, the process of tracing the inventory losses was not very possible, and there were no efficient logging systems like now days. After computers came in the market and ultimately in use the whole scenario gets changed. And now we have many technologies to overcome these problems. Software based systems are playing vital role in every company to manage their inventory efficiently and effectively with less number of employees. This project as final year engineering project will give new solution to efficient inventory management system. In this paper, a new solution for Inventory Management System (IMS) is designed and implemented. Most importantly, this system is designed for Small shopkeepers who are not capable to purchase licensed proprietary software’s, this will be a open source software and used as Inventory Management System.