An inventory management system, also known as an inventory control system, is usually a software application that tracks every aspect of the items your company keeps in stock to sell. It can assist ...

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.

What is an inventory management system? An inventory management system tracks purchases, keeps count of goods and supplies in stock, and reorders supplies when levels get low. More sophisticated ...

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.

Jennifer Simonson is a business journalist with a decade of experience covering entrepreneurship and small business. Drawing on her background as a founder of multiple startups, she writes for Forbes ...