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In the inventory management system like an e-commerce platform, there can be multiple solutions. Each and every solution has some pros and cons. In this solution, we will be discussing three solutions.
Centralized Inventory
Decentralized Inventory
Before going into the solution, let’s break the problem into functional and nonfunctional requirements:
Functional requirements:
It should track real-time inventory updates for products across multiple warehouses and locations.
It should support product variants like size and color.
It should handle high traffic and concurrent transactions.
It should provide low-stock notifications and automatic reorder triggers.
It should generate accurate inventory reports and forecasts.
Non functional requirements:
High availability and scalability.
Low latency for inventory queries.
Fault tolerance and disaster recovery.
Secure APIs and data storage.
Challenges:
Ensuring data consistency and accuracy across distributed systems.
Avoiding race conditions and overselling during concurrent stock updates.
Efficiently handling large volumes of orders, returns, and cancellations.
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