Project Overview: Develop a smart inventory management system that helps businesses track their stock levels, manage orders, and forecast demand. The system will utilize real-time data analytics to optimize inventory control and reduce waste.

Features:

• Real-Time Inventory Tracking: Monitor stock levels and receive alerts when items are low or out of stock.
• Automated Order Management: Automatically generate purchase orders based on inventory thresholds and sales forecasts.
• Demand Forecasting: Use data analytics to predict future inventory needs based on historical sales data.
• Reporting Dashboard: Generate reports on inventory turnover, sales trends, and stock performance.

Key Deliverables:

1. Inventory Tracking Interface: A user-friendly dashboard for monitoring stock levels in real time.
2. Order Management System: Tools for creating and managing purchase orders.
3. Forecasting Tools: A system for predicting demand and optimizing inventory levels.
4. Reporting Features: A comprehensive reporting dashboard for analyzing inventory data.

Technologies Used:

• Frontend: React or Angular for building a responsive user interface.
• Backend: Node.js or Django for managing data processing and inventory logic.
• Database: PostgreSQL or MySQL for storing inventory data and transaction records.
• Additional Tools: Integration with barcode scanning technology for streamlined inventory management.

Budget: $3,200

Timeline: 8-10 weeks