The main objective of this inventory management system is to make multiple organizations to work together.
Following are the high-level features that are needed to be implemented in the new application:-
- Consigned inventory reduces the retailer’s risk because the consignor retains ownership of the merchandise until they’re sold.
- It is implemented in various stages of the production line.
- The presented design iscost-effective and can be implemented to address simpler or complex issues.
- The power of IOT to simplify and make it efﬁcient by liminating any unnecessary human interference and automating the entire networkresponsible for inventory management.
- It is used to determine the inventory management using IoT and Bid Data.