Inventory tracking is the up-to-date record of objects that are consumed, distributed or sold by a company. The majority of businesses, being small businesses, rely on a manual or spreadsheet-based approach for inventory tracking. Efficient inventory tracking is a challenge for most businesses, large or small. Accurate perpetual inventory records can eliminate a physical inventory count; however, a considerable effort is required to implement such a system as several steps have to be completed to achieve an accurate system.
A successful inventory tracking system requires an inventory tracking software, and well-trained staff to maintain high accuracy levels. The software should include the frequency of product usage allowing managers to make decisions effectively. The latest inventory data is necessary for accurate stock information as cycle counters use inventory records to count inventory efficiently. Cycle counting does not only provide updated balance information, but also helps locate underlying problems behind inventory records. Inaccuracies in inventory records are undesirable as they may lead to transactional errors. Also, material requirements planning systems require a high level of inventory level accuracy.
The sophistication of inventory tracking software has grown with advanced computing capabilities, providing the possibility to reduce inventory costs even further. Cloud services with web-based applications, for example, facilitate personal and business computing tasks. Such services overcome a major disadvantage of the inability to access PC based applications from anywhere. IntelliTrack, in anticipation of future business needs, has developed web-applications for the cloud as services. IntelliTrack’s web-applications behind the cloud are based on a service oriented architecture and modular approach enabling flexibility and reuse.
Facility or stockroom managers may use the IntelliTrack Stockroom Inventory Software to effectively manage consumable inventory and stock levels. Stockroom staff can receive and issue consumable inventory, for example, by using a Windows CE/Mobile handheld computer with an integrated barcode reader. Simply scan the stockroom location barcode, item barcode and enter the transaction quantity using the Windows CE/Mobile handheld computer for recording the inventory transactions.
The IntelliTrack Stockroom Inventory Software maintains detailed information about usage, and manages reorder points with minimum and maximum levels defined for each inventory item. The IntelliTrack Stockroom Inventory Software can also print barcodes for inventory items that may not have barcodes. The IntelliTrack Stockroom Inventory Software has been designed to addresses a variety of business needs, be it office supplies, merchandising or uniforms. IntelliTrack is proud to have clients including EMS, buildings and facilities, fire services, municipalities, police and office supply services.