Inventory Control System

- Computer-based system for tracking inventory levels, orders, sales and deliveries.
- Used in the manufacturing industry.
- To avoid product overstock and outages.
 Inventory Control System
Advantages
• Improve Inventory Accuracy: shipping
the right goods to customers; real-
time updates; serial numbers and lot
tracking
• Simplify Work Processes: create a
standard set of practices to handle
every inventory transaction.
• Save Time and Money: scanning bar
code labels is infinitely faster than
manually writing down information
Disadvantages
• Expense: cost of the system is high
• Complexity: Inventory management
software is not necessarily simple
or easy to learn. A company’s
management team must dedicate a
certain amount of time to learning
a new system, including its
software and hardware, in order to
put it to use.