MUMBAI, India, June 26 -- Intellectual Property India has published a patent application (202641071174 A) filed by Sr University on June 08, 2026, for Inventory Management System.
Inventors include Dr. Mohammed Ali Shaik; and Bogi Balaji.
The application for the patent was published on June 19, 2026, under issue no. 25/2026.
Abstract: An Inventory Management System comprising a cloud hosted application server configured to execute inventory management workflows, a database configured to store master product records including SKU, price, quantity, batch identifier, expiry attribute, and location identifier, a user interface layer comprising web and mobile interfaces for product registration, stock viewing, and transaction entry, an IoT data ingestion module configured to receive real time inventory signals from shelves, bins, and warehouses, an event processing module configured to update stock quantities based on sales transactions, manual adjustments, and IoT signals, a forecasting module using machine learning for demand forecasting and replenishment recommendations, an alert and reorder module for low stock notifications, reporting and analytics dashboards for stock and sales analysis, a security and access control module configured to authenticate users and enforce role-based permissions for inventory operations.
Disclaimer: Curated by HT Syndication.
