Saturday 27 August 2011

Know About Physical Inventory Tracking

Physical inventory tracking systems are vital for all companies and distributors who wish to keep a proper record and exercise control over their inventory. Keeping an accurate track of the inventory is required in order to organize the proper management of stock levels and to predict future demand trends pertaining to a particular product. It can also be used to pinpoint the exact location of a certain item in the distribution process thus helping fix responsibility to distribution channels. There are several additional elements or tools that can be used to conduct successful inventory tracking like tags identifying the products, barcodes fitted on items, etc. Scanners can be used for speedy identification of diverse products.

Radio Frequency Identification devices can also be used for shipments that are delivered directly to the places from where they have to be sold to the ultimate consumers. RFID devices are basically scanners that can help generate a proof that a certain item has been delivered. Such information can be communicated to the original place of production. This scanner examines the bar code that is affixed on each product. The bar code on each product is completely tamper proof and cannot be read by individuals. It can only be read and understood by a computer system consisting of the necessary software to be able to do so. This kind of scanner can help reduce any errors in the distribution systems that are bound to creep in if human beings are personally responsible for the tracking process and if checking is conducted by hand.

Such software can also aid in several other processes and ensure that they are conducted smoothly and completed without any hassle. Some of these processes include receipt of goods, shipment of items, etc. Bar code scanners are unique identification devices that can be effectively used to recognize all kinds of items including processed foods, industrial tools, consumer durables, etc. The coding information is automatically generated by a computer system and is placed as a sticker on each product. There is a distinctive code that is accorded to each item that forms a part of the distribution system.

McLane Logistics Technology provides customized Inventory Management Software system for businesses to effectively manage their inventory functions.