Project Abstract

Abstract
In the realm of modern manufacturing, efficient inventory management is crucial for ensuring smooth operations and meeting customer demands. This research project focuses on the design and implementation of an automated inventory control system tailored for a manufacturing organization. The primary objective is to streamline inventory processes, enhance accuracy, reduce manual errors, and optimize stock levels. The proposed system integrates cutting-edge technologies such as RFID (Radio Frequency Identification) and barcode scanning to track inventory in real-time. By utilizing these technologies, the system can automatically update inventory records, monitor stock movements, and generate alerts for low stock levels or potential discrepancies. This real-time data accessibility enables managers to make informed decisions promptly, leading to improved efficiency and cost savings. Furthermore, the system incorporates forecasting algorithms to predict future inventory needs based on historical data and current trends. By analyzing demand patterns and lead times, the system can optimize reorder points and quantities, thereby preventing stockouts and overstock situations. This predictive capability minimizes the risk of excess inventory holding costs while ensuring that critical items are always available when needed. The user interface of the system is designed to be intuitive and user-friendly, allowing employees at various levels to access relevant information quickly. Managers can generate custom reports on inventory levels, turnover rates, and supplier performance to gain valuable insights for strategic planning. Additionally, the system offers customizable permission settings to restrict access to sensitive data, ensuring data security and integrity. Implementation of the automated inventory control system involves a phased approach, starting with a thorough evaluation of the organization's current inventory processes and requirements. The system will be tailored to align with the specific needs of the manufacturing organization, taking into account factors such as product types, storage facilities, and supply chain dynamics. Training sessions and ongoing support will be provided to ensure a smooth transition and maximize user adoption. In conclusion, the design and implementation of an automated inventory control system offer significant benefits for manufacturing organizations, including improved accuracy, efficiency, and cost-effectiveness. By leveraging advanced technologies and predictive analytics, the system empowers organizations to optimize inventory management practices and stay competitive in today's dynamic market 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.