Design and develop a robust and scalable product inventory management system to streamline operations, reduce manual errors, and enhance decision-making. Key requirements include:

- **Frontend:** Intuitive user interface using React for easy navigation and management.
- **Backend:** RESTful APIs built with Laravel to handle data operations, CRUD operations, and reporting.
- **Database:** MySQL for data storage and management, ensuring data integrity and performance.

The system should enable users to add, edit, and manage product inventory, track stock levels, generate reports, and receive low-stock alerts to optimize inventory levels and minimize losses. It should also integrate with existing accounting and shipping systems to provide a comprehensive solution for inventory management.

Focus on security by implementing authentication and authorization mechanisms, and ensure scalability to accommodate large amounts of data and multiple users.