1. Inventory Control
Alexis Vasavilbazo
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2. Introduction
There are many different systems that a company can use to manage and control its inventory.
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3. Past
In the past it was very tedious and difficult to keep good and accurate records of inventory.
It was time consuming
Lots of manual transactions and ledger postings were required.
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4. Present
Today we have a lot of systems and software that can help us manage our inventories better
Less manual transactions are needed.
More accurate and up to date records are kept.
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5. Future
Faster and better computers are being developed, which will help us keep track of our inventory.
Devices such as bar code readers and scanners will be used almost everywhere.
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6. Conclusion
The market for almost every product gets more competitive every day, that is why we need to focus in having a competitive advantage in relation to other companies.
That is why we need to focus in reducing inventory, without sacrificing customer service. one way to do this is to have better control of our inventory.
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