The assignment is about developing a database management system for Wenty Library, which has over 15K books. The system needs to be developed because it currently lacks an automated way to store and retrieve information about available books, members, and transactions. The database consists of several tables including Book, Author, Publisher, Member, and Book Copy, with relationships defined by foreign keys. The ER diagram shows the entities and their relationships. The SQL coding defines the schema for each table, with primary and foreign keys assigned accordingly.