Inventory management data model example
Mar 30th, 2020
What is an inventory management system ?
Inventory represents one of a business’s most important assets, since inventory turnover is a primary means of revenue generation and earnings for a company’s shareholders For a company, inventories are goods that are purchased, processed or sold at some point in time.
The two basic parameters of inventory management models are date and quantity ordered. We can therefore order fixed date or variable, and fixed or variable quantity.
Inventory Management Software is a system that allows the user to manage and track inventory levels, orders, sales and deliveries. It is also used in the industry to create a work order and other documents related to production. It prevents overstocking and product failures.
Here is an example data model of inventory management system :
- Staff has role
- Staff registers customers
- Customer makes order
- Order has Order details
- Product belongs to category
- Supplier supplies product
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