Based on the scenario, a retail company has hired you as a system analyst to create a fullyfunctional inventory management system. Identify and explain five UML diagrams that may beused to model the inventory management system. Include the diagrams in your explanations Inventory Management SoftwareInformation systems are the tools, hardware and software that help retailers achieve success in adynamic environment. They serve several functions including planning, inventory control, managingbudgets and sales goals, and with point of sale transactions and logistics.One most frequently utilised information system in retail is Inventory Management Software. IMS isa software system for tracking inventory levels, orders, sales, and deliveries. It can also be used inthe manufacturing industry to create a work order, bill of materials and other production-relateddocuments. Companies use inventory management software to avoid product overstock and outages. Itis a tool for organizing inventory data that before was generally stored in hard-copy form orin spreadsheets.One aspect of IMS is Asset Tracking which is when a product is in a warehouse or store, it can betracked via its barcode and/or other tracking criteria, such as serial number, lot number or revisionnumber. Systems. for Business, Encyclopedia of Business, 2nd ed. Nowadays, inventory managementsoftware often utilizes barcode, radio-frequency identification (RFID), and/or wireless trackingtechnology.Source: https://courses.lumenlearning.com/wm-retailmanagement/chapter/information-systems-in-a-changing-retail-industryl [Accessed on: 2March 2022]

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Computer Networking: A Top-Down Approach (7th Edition)

7th Edition

ISBN:9780133594140

Author:James Kurose, Keith Ross

Publisher:James Kurose, Keith Ross

Chapter1: Computer Networks And The Internet

Section: Chapter Questions

Problem R1RQ: What is the difference between a host and an end system? List several different types of end...

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Based on the scenario, a retail company has hired you as a system analyst to create a fully
functional inventory management system. Identify and explain five UML diagrams that may be
used to model the inventory management system. Include the diagrams in your explanations