Online Order Management System

Abstract

Abstract: Our proposed online order management system is a platform that provides sellers with a comprehensive overview of their stock and orders. The platform streamlines the order management process, allowing the seller to view and manage their products and stocks with ease. Unlike traditional online order management systems, our platform goes beyond basic stock management and incorporates two machine learning algorithms to improve the seller's efficiency and profitability. The first machine learning algorithm provides the seller with insights into the popularity of a particular product category during a specific month. By notifying the seller of trends, they can better plan their stock levels to maximize profits. For example, if a seller notices that a particular product category is in high demand during the holiday season, they can increase their stock levels to meet the increased demand and maximize their profits. The second machine learning algorithm dynamically sets prices for the seller's products based on factors such as demand, date, and product category. This algorithm takes into account market trends and consumer behavior to set a price that is both competitive and profitable for the seller. For example, if a particular product is in high demand during a particular day, the algorithm will adjust the price to reflect the increased demand and allow the seller to sell the product at a higher price. In addition to these two machine learning algorithms, our online order management system includes a range of other features to help sellers manage their business effectively and efficiently. This includes order tracking, stock management, and customer management, all of which can be accessed from a single dashboard. The implementation of these machine learning algorithms is a crucial aspect of our online order management system, as they allow sellers to make informed decisions about their business. By using data and insights to optimize stock levels and pricing strategies, sellers can maximize their profits and minimize their losses. It is a comprehensive platform that provides sellers with the tools they need to manage their business effectively and efficiently.