By tracking inventory across the supply chain, companies can monitor trends and identify areas for improvement. What is an Inventory Tracking System?Īn inventory tracking system is a set of tools and processes used to track goods across the supply chain, from ordering items from suppliers and vendors to delivering products to end consumers. So, technology companies and firms have designed and developed inventory management apps to make inventory data entry, search, and visualization possible from any location and at any time using smartphones and tablets. Manually entering, tracking, and counting inventory is nearly impossible by today’s industry standards, but relying on inventory management, control, and tracking methods solely on a desktop computer is no longer feasible. Today, inventory management is even more crucial to success and sustainability, as business transactions take place on a global scale and cover multiple locations. Businesses and organizations of all sizes must manage, control, and track inventory at any time and from anywhere.
