An inventory control system is a system facets of handling a firm's stocks; dollar volume, buying, transportation, receiving, tracking, warehousing and storage, and reordering. In companies that are different, the tasks related to every one of these regions may not be firmly included within individual subsystems; however, these functions have to be performed in series to be able to really have a well-run inventory control system. Computerized inventory control systems allow it to be possible to incorporate the various functional subsystems which are part of the stock management into one cohesive system.
An inventory control system is a group of applications and hardware based applications that automate the procedure for monitoring stock. The types of stock monitored with an inventory control system can contain any kind of good that is quantifiable, including publications, clothes, food, gear, and any other thing that wholesalers, retailers, or consumers may buy. Modern inventory control systems are nearly entirely based on barcode technology. Though barcodes were developed to automate the procedure for grocery store checkout, their capability to encode a wide selection of numeric and alphabetic symbols makes them perfect for encoding products for stock programs.
This is just an excerpt. This case is about Business
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