Inventory Control

Inventory control systems manage and track a company's inventory with:

• Shipping
• Purchasing
• Receiving
• Warehouse and Storage
• Tracking
• Turnover
• Reordering

In different organizations, the activities associated with each area may not be strictly contained within different or separate subsystems, but these functions must be performed in simple sequence in order to have a well-run inventory control system. Computerized inventory control systems make it possible to integrate various functional subsystems that are a part of inventory management into a single cohesive system.

In today's business environment and conditions, even small and mid-sized businesses have come to rely on computerized inventory management and control systems. There are many retail outlets, manufacturers, and other businesses that continue to rely on manual methods of inventory tracking. For some small businesses, like convenience stores, shoe stores, or nurseries, purchasing an electronic inventory tracking system might be a poor use of financial resources. But for other firms operating in industries that feature high volume turnover of raw materials or finished products, computerized tracking systems serve as a key component of business strategies, which are aimed at increasing productivity and engaging competition. Moreover, the recent development of powerful and complex computer programs capable of addressing a wide variety of record keeping needs—including inventory management—in one integrated system, have also contributed to the growing popularity of electronic inventory control options.

Inventory control systems are deployed in a range of applications, but they all revolve around the tracking and management of delivery of goods to customers. Inventory control is very important in retail stores, especially those with a large variety of merchandise items for sale. Inventory control is also used in warehouses to track orders and shipments from different regions, and for automated process of ordering.

MiSoft Inventory Control Systems ensure quality control in businesses that handle transactions of consumer goods. Without proper inventory control, a large retail store may run out of stock on an important item. MiSoft automated inventory control systems alert the retailer when it is time to reorder, and help to track large shipments while minimizing the risk of error.