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step three on the SLDC

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This is Step 3,of Systems Design of the SDLC. The product produced by this step is a set of specifications for the hardware, software, people, network, data resources and the information products that will satisfy the functional requirements of the proposed system within a business functional area (e.g. in this case, inventory tracking, and/or manufacturing, etc.) How do I address specifications for input, processing, output, storage and control.
How do I determine which hard/software I am suppose to use?

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Step three on the SLDC is examined.

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