List the modules that may be required to design an inventory management system. Explain different phases of MIS development.

Modules for Inventory Management System:

1. Product Management: Manages product details, including name, description, quantity, and price.
2. Inventory Tracking: Tracks inventory levels, updates stock quantities, and generates alerts for low stock.
3. Order Management: Handles order processing, including order placement, fulfillment, and tracking.
4. Supplier Management: Manages supplier information, tracks supplier performance, and facilitates communication.
5. Reporting and Analytics: Generates reports on inventory levels, sales, and trends for informed decision-making.
6. User Management: Manages user roles, permissions, and access control for security.

Phases of MIS Development:

1. Planning Phase: Identifies objectives, requirements, and constraints, and defines the scope of the MIS project.
2. Analysis Phase: Analyzes existing systems, processes, and data to identify requirements and define system specifications.
3. Design Phase: Designs system architecture, modules, interfaces, and databases based on requirements.
4. Development Phase: Develops, tests, and implements the MIS system, including coding, integration, and deployment.
5. Maintenance Phase: Provides ongoing support, updates, and enhancements to ensure the MIS system remains effective and meets evolving needs.