LOGISTIC MANAGEMENT SYSTEM: A UNIFIED SYSTEM FOR PROCUREMENT AND INVENTORY MANAGEMENT

Abstract

In modern Supply Chain Management, integrating Procurement and Inventory Management is crucial for business success, ensuring efficiency, agility, and strategic decision-making. The Logistic Management System (LMS) unifies these functions into a single framework, offering businesses a comprehensive solution. This study explores how LMS leverages technology and data analysis to help organizations adapt to changing business environments, optimize operations, and gain strategic insights for sustained growth. The first step in the development process involved gathering requirements from stakeholders to align the system with organizational needs. The system was then designed and integrated with essential features and connections to other platforms, ensuring a cohesive and efficient solution. Prototyping was implemented to provide a visual representation of the system, allowing for refinements based on feedback. This iterative approach ensured high standards of functionality and usability. The implementation of the Procurement and Inventory Management System at Bbox Company led to significant improvements in purchasing activities, inventory control, and operational efficiency. By adopting advanced technology and automation, the system provided real-time insights into procurement processes, enhancing decision-making and cost reduction. The use of automated sourcing algorithms allowed the system to identify optimal suppliers across various product categories, improving procurement terms and promoting competitive pricing. Bbox Company's Procurement and Inventory Management System addresses the complexities of modern supply chain management by integrating real-time monitoring and data-driven decision-making. This study highlights the importance of advanced technologies in optimizing procurement and inventory processes, fostering efficiency, innovation, and competitive advantage.