Projects Inventory

Functional requirements of Wholesale Inventory Management System with non-functional

Functional Requirements

  1. Inventory Tracking
    • Real-Time Tracking: Monitor inventory levels in real-time across multiple warehouse locations.
    • Stock Updates: Automatically update inventory counts based on incoming and outgoing transactions (e.g., purchases, sales).
  2. Order Management
    • Order Processing: Manage wholesale orders from creation to fulfillment, including order entry, tracking, and status updates.
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    • Order Fulfillment: Pick, pack, and ship orders, with options for partial shipments and backorders.
  3. Warehouse Management
    • Location Management: Define and manage storage locations within the warehouse, such as shelves and bins.
    • Putaway and Picking: Manage the putaway of received goods and optimize picking processes for order fulfillment.
  4. Supplier Management
    • Supplier Information: Maintain detailed records of suppliers, including contact information, product offerings, and pricing.
    • Purchase Orders: Create and manage purchase orders to replenish stock, including tracking delivery and payment statuses.
  5. Product Management
    • Product Catalog: Maintain a catalog of products with details such as descriptions, pricing, and inventory levels.
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    • Product Variants: Manage different variants of products, such as sizes, colors, or packaging.
  6. Pricing and Discounts
    • Price Management: Set and update wholesale pricing for products, including tiered pricing based on order volume.
    • Discounts and Promotions: Manage discounts and promotional offers for bulk purchases or specific customers.
  7. Reporting and Analytics
    • Inventory Reports: Generate reports on inventory levels, turnover rates, and stock movements.
    • Sales and Order Reports: Track sales performance, order trends, and customer purchasing behavior.
    • Financial Reports: Produce reports on financial aspects such as revenue, costs, and profitability.
  8. Integration
    • ERP Integration: Integrate with Enterprise Resource Planning (ERP) systems for seamless data exchange and operational efficiency.
    • Accounting Integration: Connect with accounting systems to manage invoicing, payments, and financial reporting.
  9. User Management
    • Role-Based Access: Define and manage user roles and permissions to control access to different system features.
    • User Activity Logs: Track user activities and system changes for auditing and security purposes.
  10. Alerts and Notifications
    • Low Stock Alerts: Notify users when inventory levels fall below predefined thresholds.
    • Order Status Notifications: Send notifications for order confirmations, shipping updates, and delivery status.
  11. Mobile Access
    • Mobile Compatibility: Ensure the system is accessible via mobile devices for on-the-go inventory management and order processing.
  12. Barcode/RFID Integration
    • Scanning: Support barcode and RFID scanning for accurate inventory tracking and management.

Non-Functional Requirements

  1. Performance
    • Scalability: The system should handle increasing volumes of inventory data, transactions, and users without performance issues.
    • Speed: Ensure fast response times for inventory queries, order processing, and reporting.
  2. Reliability
    • Uptime: High availability with minimal downtime to ensure continuous operation and data access.
    • Data Integrity: Accurate and consistent handling of inventory data and transactions.
  3. Security
    • Authentication/Authorization: Secure login and role-based access controls to protect sensitive information and system functions.
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    • Data Encryption: Encrypt data both in transit and at rest to safeguard information.
    • Compliance: Adhere to relevant data protection regulations (e.g., GDPR, CCPA) for managing user and financial data.
  4. Usability
    • User Interface (UI): Intuitive and user-friendly design for ease of navigation and operation.
    • User Experience (UX): Ensure a smooth and efficient workflow for inventory management, order processing, and reporting.
  5. Compatibility
    • Browser Support: Ensure compatibility with major web browsers (e.g., Chrome, Firefox, Safari).
    • Platform Compatibility: Support various operating systems and devices, including mobile devices.
  6. Maintainability
    • Code Quality: Well-structured and documented code for ease of maintenance and future updates.
    • Updates: Regular updates to address bugs, improve features, and adapt to new requirements.
  7. Accessibility
    • Inclusivity: Adhere to accessibility standards (e.g., WCAG) to support users with disabilities.
    • Multi-Language Support: Provide multilingual capabilities to accommodate a diverse user base.
  8. Backup and Recovery
    • Data Backup: Regular and automated backups to prevent data loss and ensure recovery in case of system failures.
    • Disaster Recovery: Procedures for restoring system functionality and data after significant disruptions.
  9. Interoperability
    • Standards Compliance: Adherence to relevant standards and protocols to ensure compatibility with other systems and tools.
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