An inventory management system (or inventory system) is the process by which you track your goods throughout your entire supply chain, from purchasing to production to end sales. It governs how you approach inventory management for your business.
- Management System- Management system is a set of policies, processes, and procedures used by an organization to ensure that it can fulfill the tasks required to achieve its objectives.
- Data Tracking System- Data Tracking System is used for the observing of persons or objects on the move and supplying a timely ordered sequence of location data for further processing.
- Reporting System- The project managers need to treat the information as harvestable data which can be summarized and interpreted using reporting systems.
- System Analysis- A problem-solving technique that breaks down a system into its component pieces for the purpose of studying how well those component parts work and interact to accomplish their purpose.