MANAGEMATE-An Integrated Platform for Inventory, Financial, and Business Management

MANAGEMATE-An Integrated Platform for Inventory, Financial, and Business Management

 

 

Aayush Sharma UG, CE-SE

FET, Jain (Deemed-to-be University)

Bangalore-562112 Aayushsharma96365@gmail.com

 

Harsh Kumar UG, CE-SE

FET, Jain (Deemed-to-be University)

Bangalore-562112 harshkumarv1112@gmail.com

 

Ashutosh Bishnoi UG, CE-SE

FET, Jain (Deemed-to-be University)

Bangalore-562112 Ashutoshbishnoi029@gmail.com

 

Dr. K S Arvind

Associate Professor

Department of CE-SE Bangalore-562112

ks.arvind@jainuniversity.ac.in

 

Anurag Kumar Sah UG, CE-SE

FET, Jain (Deemed-to-be University)

Bangalore-562112 anuragkumarsah123abc@gmail.com

 

Mridul Baheti UG, CE-SE

FET, Jain (Deemed-to-be University)

Bangalore-562112

Bahetimridul05@gmail.com

 

 

 

Abstract - Compelling stock administration is critical for upgrading functional productivity, limiting expenses, and keeping an upper hand across different ventures, from little and medium undertakings (SMEs) to enormous scope administration and assembling associations. This concentrate thoroughly looks at the adequacy of laid out stock administration strategies, like ABC analysis, XYZ examination, Monetary Request Amount (EOQ), and multi-standards stock characterization, while researching their applications in assorted business settings. Through a top to bottom contextual analysis approach, we recognize existing holes and failures inside customary stock practices, especially in the space of supply control, asset distribution, and working capital administration.

One critical finding of this exploration is the benefit of joining old style and present day stock control strategies to make fitted arrangements that take care of the interesting necessities and limitations of various hierarchical conditions. Procedures like the joined ABC-XYZ examination, for example, offer a strong way to deal with grouping and overseeing stock by zeroing in assets on things with the most elevated influence on business tasks and productivity. Also, EOQ gives bits of knowledge into ideal request amounts, adjusting holding expenses and request expenses to keep up with powerful stock levels. Be that as it may, in conditions where request is exceptionally factor and functional limitations are complicated, conventional methodologies might miss the mark. To address this, we present a multi-standards weighted nonlinear improvement (WNO) model as a high level, versatile device for stock prioritization, which represents different rules past interest and holding cost, including thing criticality, lead times, and financial plan constraints.

The discoveries of this study highlight the significance of taking on an essential way to deal with stock administration — one that lines up with the particular functional requirements, request designs, and

monetary imperatives of an association. By combining traditional stock strategies with cutting edge multi- models procedures, this examination offers significant experiences for organizations meaning to decrease shortcomings, improve independent direction, and accomplish savvy stock administration. The concentrate eventually delineates that an adaptable, information driven stock administration technique works on functional strength and responsiveness as well as enables associations to keep up with ideal stock levels, lessen overabundance expenses, and improve administration conveyance, consequently supporting economical development and seriousness.

 

Keywords — Inventory Management, Operational Efficiency, Cost Optimization, Economic Order Quantity (EOQ), Multi-Criteria Inventory Classification, Weighted Nonlinear Optimization (WNO), Resource Allocation, Supply Chain Management, Demand Variability, Working Capital Management, Decision-Making, Business Competitiveness.