An inventory control system is a system the encompasses all aspects of managing a company’s inventories; purchasing, shipping, receiving, tracking, warehousing and storage, turnover, and reordering.

Inventory tracking systems have developed a lot over time. Many years ago inventory tracking systems consisted of manually writing down each inventory transaction on a file card known as a cardex.

Physical inventory counting is a much unloved procedure in most merchandising and manufacturing businesses. The process ensures that the inventory on the company's financial books matches the amount ...

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