The moment a business receives their first inventory shipment, they are in need of some sort of system to keep track of it. While a pad of paper, a pencil and a spreadsheet may work that week, they soon discover that their inventory system needs are going to outgrow their simple tracking method. And so, the…
As you explore the possibilities and benefits of inventory management, you may be wondering, “What should be included in an inventory information system?” Good question. An inventory information system is the combination of inventory management software and inventory management processes & procedures to connect, track and manage the flow of goods, activities, information and resources across a business. So, an…