About Inventory Control Software
Inventory control software is used to manage stock levels, record physical inventories, and track trends in item movement and location. Inventory control involves supervising the supply, storage, and accessibility of stock items - both to ensure an adequate supply and prevent a costly oversupply. At larger organizations, inventory control systems may integrate inventory control software with fixed or handheld devices that can read or print barcodes and RFID tags. These bar code scanners are designed to read specific, imprinted bar or matrix code symbologies. Similarly, radio frequency identification (RFID) products are designed read or write data to special RF tags.
Complete inventory control systems usually provide an integrated package of software and hardware for use in warehouse operations. With such systems, inventory control software is used to monitor the quantity, location, and status of inventory items. Often, these software applications also support a company’s shipping, receiving, picking, and put-away processes. Inventoried items may include physical assets such as merchandise, consumables, and parts; fixed assets or capital equipment; and tools that are issued from a tool crib for use on specific jobs, work orders, or tasks. To record inventory transactions, employees use a barcode scanner or RFID reader to automatically identify the inventory object and capture usage information.
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