Project Name: Online Inventory Development ✓ Solved

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The Information Systems Capstone project involves developing an online inventory management system. The project duration is set from January 4, 2021, to March 31, 2021. Key tasks include feasibility analysis, design, and implementation phases, ultimately delivering a user interface prototype. For success, at least two UI pages/images must be submitted in PDF, JPEG, or Microsoft Office format, with adherence to originality and creativity.

The feasibility analysis is critical in assessing the suitability and cost-effectiveness of the proposed system, focusing on operational, economic, and technical feasibility. The online system aims to automate inventory management, providing real-time updates, reports, and a streamlined purchasing process.

The project has defined business needs, notably transitioning from an offline system to an online platform to enhance inventory management. The goals include reducing operational costs and improving inventory accuracy, thereby increasing overall business efficiency.

Paper For Above Instructions

In today's digital age, a well-managed online inventory system is crucial for any business seeking to maintain competitive advantage and operational efficiency. The transition from traditional offline inventory methods to an automated online system offers numerous benefits, particularly in terms of real-time inventory monitoring and management capabilities. The feasibility analysis, design considerations, and expected outcomes of the Online Inventory Management System for Davidson Convenience Store will be discussed, demonstrating the system's relevance and necessity.

Feasibility Analysis

The feasibility analysis serves as a foundational step in evaluating the practicality of the proposed online inventory management system. This encompasses various aspects—operational, economic, technical, and schedule feasibility—which together ascertain whether the system is worth developing.

Operational Feasibility

The operational feasibility of the system assesses how effectively the online inventory management system will facilitate inventory monitoring. A shift from an unautomated system to an automated solution will address existing issues such as manual data entry and delays in inventory updates. Key advantages include the ability for management to access real-time data remotely, enabling quick decision-making and enhanced operational oversight (Laudon & Laudon, 2020).

By integrating robust reporting features, the system will allow managers to evaluate product performance, thus forecasting sales based on accurate data. The implementation of this system represents a low-risk project that will significantly enhance the convenience store's operational capabilities.

Economic Feasibility

Economic feasibility focuses on the financial benefits of implementing the online inventory management system. This system will streamline inventory processes, potentially reducing personnel costs associated with manual inventory management. In addition, it will minimize errors and discrepancies, which can lead to financial losses (Chaffey, 2019).

The anticipated outcomes include lower ongoing costs for maintaining inventory records, as the automated system reduces the need for manual tracking. The integration of online capabilities also means that overall operational expenses will be reduced, ensuring the system's long-term economic viability (Stair & Reynolds, 2019).

Technical Feasibility

Technical feasibility assesses whether the organization possesses the necessary technology and resources for the system's implementation. Davidson Convenience Store has access to the required software and hardware capabilities, thus ensuring that the technical demands of the project align with available infrastructure (Shelly, Cashman, & Rosenblatt, 2018).

By leveraging existing online resources, the store can effectively develop the system without incurring significant additional costs. Utilizing widely available technologies ensures that the project remains within the financial constraints while maximizing profitability (Valacich & Schneider, 2018).

Schedule Feasibility

The proposed online inventory management system is expected to be developed and implemented over a span of three months, aligning with organizational timelines and operational needs. The project follows the System Development Life Cycle (SDLC) to ensure a structured approach to planning, design, and implementation (Satzinger, W. & Jackson, R. 2022).

The timeline includes phases such as planning, analysis, design, and implementation, ensuring thorough testing and validation of the system before deployment. Identifying potential production issues early in the process will mitigate risks associated with launching a new system (Kendall & Kendall, 2016).

Business Requirements

The primary business needs identified for the online inventory management system are automation, performance reporting, and effective inventory tracking. By automating inventory management, the system will minimize human error and improve accuracy in tracking stock levels. Detailed reports on inventory performance will empower managers to make data-driven decisions that enhance profitability and customer satisfaction (O'Brien & Marakas, 2018).

Expected Business Value

The implementation of the online inventory management system will significantly benefit Davidson Convenience Store through improved efficiency in inventory tracking and management. Enhanced reporting capabilities will aid management in making informed decisions related to stock levels, thereby optimizing inventory turnover and efficiency (Garner, 2021).

Furthermore, the system aligns with current digital trends, where businesses are increasingly expected to operate online. By enhancing the store’s online presence, the organization will attract more customers and improve customer service, leading to greater customer retention and sales growth (B2B Marketing, 2021).

Conclusion

In conclusion, the development of an online inventory management system for Davidson Convenience Store is not only feasible but necessary in today's fast-paced business environment. By conducting a thorough feasibility analysis—covering operational, economic, technical, and schedule aspects—this project can enhance business efficiency and customer satisfaction. The system promises to automate inventory processes, providing real-time access to data and critical insights, ultimately driving the store’s future success.

References

• B2B Marketing. (2021). The importance of digital presence in business.
• Chaffey, D. (2019). Digital Business and E-Commerce Management. Pearson.
• Garner, H. (2021). Inventory Management for Online Businesses. Journal of Business Strategies.
• Kendall, K. E., & Kendall, J. E. (2016). Systems Analysis and Design. Pearson.
• Laudon, K. C., & Laudon, J. P. (2020). Management Information Systems: Managing the Digital Firm. Pearson.
• O'Brien, J. A., & Marakas, G. M. (2018). Management Information Systems. McGraw-Hill Education.
• Satzinger, J. W., & Jackson, R. B. (2022). Systems Analysis and Design in a Changing World. Cengage Learning.
• Shelly, G. B., Cashman, T. J., & Rosenblatt, H. J. (2018). Systems Analysis and Design. Cengage Learning.
• Stair, R., & Reynolds, G. (2019). Principles of Information Systems. Cengage Learning.
• Valacich, J. S., & Schneider, C. (2018). Information Systems Today: Managing in a Digital World. Pearson.