Inventory Management System

Inventory Management System">

Inventory Management System

   Inventory Management System is the software which is used to track inventory levels, sales and deliveries. From starting raw materials purchasing to shipping the product, this inventory management maintains and track all movements.

By this software, we can easily and effortlessly track all activities from beginning to last delivery... the process from buying raw materials to the delivery shipping

And there are four types of Inventory Management System :

Perpetual Inventory System

Periodic Inventory System

Barcode Inventory System

Radio Frequency Identification (RFID) Inventory System

Perpetual Inventory System

  Perpetual Inventory System update continually inventory records, activities, and accounts, when Inventory materials are received, and sold from stock, replaced from one location to another choose from inventory and abandoned. Some organization chooses the perpetual inventory system because they distribute on-time inventory information and excelling handles essential physical counts. Perpetual inventory system also favored for tracking inventory because they convey exact results on a ceaseless work when conduct perfectly. This type of inventory system controls works best when used in combination with a database of inventory capacities and bin location modernize in actual time by repository workers using barcode scanners.

Periodic Inventory System

   Periodic Inventory System does not trace on regularly; rather they allow the organizations to notice the starting and ending inventory levels all along in confidence extend to time. This type of inventory control system trace inventory by using physical inventory numbers. When the physical inventory is finished, balance in the purchases account transforms into the inventory account and it's accompanied to match the charge of the closure of the inventory.

Barcode Inventory System

  Inventory management using a barcode technology are more exact and adequate than those using manual techniques. When using as a part of a complete inventory control system, barcode system modernize inventory levels automatically when laborers scan them with the barcode scanner or mobile devices.

Radio Frequency Identification (RFID) Inventory System

  

 Radio Frequency Identification (RFI) Inventory System use effectively and indifferent technology to handle inventory movements. Effective RFID technology uses permanent tag readers all over the depository. RFID pass the reader and the action is reported in the Inventory Management System.

These are the Inventory Management System and its types.