Abstract: The Inventory Management System aids us in streamlining the logistical management of our products and automates a variety of operations such as purchasing, ordering, pricing, storing, assembling, shipping, and delivery. It also eliminates the need for human labour while increasing productivity, decreasing costs, and saving time. It provides useful insights to help you accelerate your company's success. It is critical for any business to keep the right amount of inventory on hand. Tracing assets from storage, warehousing, dealing, transportation, and organisation takes a significant amount of time, labour, and effort. As a result, a cloud-based inventory management system aims to reduce costs, increase capital efficiency, and improve customer satisfaction, all of which benefit the supply chain in terms of operational effectiveness and cost savings. Although there are some concerns about cloud security, it is also true that the cloud has been safeguarded by network security experts to protect our data from catastrophic breaches. We can feel secure knowing that our data is safe behind a wall of data protection solutions and procedures while still being immediately accessible to those who require it by transitioning to cloud-based inventory management. It intends to keep all inventory data and assist them in more effective inventory management.
Keywords: Cloud, Inventory, Sales, Ordering, Pricing
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DOI:
10.17148/ IJARCCE.2023.12354
