Identify and list requirements for an inventory management system. Also identify the type of information that will be generated for different levels of management.
An effective inventory management system is crucial for efficient business operations. Here are the key requirements for such a system:
1. Real-time Tracking: The system should offer real-time tracking of inventory levels, allowing for accurate monitoring of stock in warehouses, in-transit, and at various locations.
2. Centralized Database: A centralized database to store all inventory-related information, ensuring data consistency, reliability, and ease _____ ___ ______ _________ _________ ______ ______ _______ _____.
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