Inventory Tracking: What You Need To Know

2007-03-08 10:33:40

( Computers )



Inventory tracking is fast becoming more and more sophisticated. A couple of years ago, you just relied on bar codes stuck to your inventory to be able to locate and identify them. In the next few years, you will just rely on Radio Frequency to pinpoint their exact location or quantity from the point of production to shipping. It is expensive to implement and maintain but the foreseeable benefits justify the cost.

The first thing that you have to consider when canvassing inventory tracking software is the cost. Inventory tracking software is cost prohibitive for most small to medium businesses out there. This software can range from the very simple to the most complicated. Major manufacturing companies rely on this software to manage their inventory starting from production all the way to customer shipping. Inventory tracking keeps accurate information of the inventory that you currently have and it can also forecast your production yield for a particular product in the future. This software can even alert your warehouse and production supervisors if you are running low on raw materials.

You have to know which functionalities your company needs. The most sophisticated asset tracking software available in the market may be superfluous to your company’s needs. Most inventory applications can be customized to your specifications. You just need to know exactly what those specifications are.

You also have to have the necessary infrastructure like disk space, data storage and a network that can handle the heavy traffic generated by your inventory tracking application. You also have to consider the supportability of such an application. Check the after-sales support provided by your vendor. It is prudent to go with a vendor that offers 24/7 support as downtime in inventory tracking can lose your company a lot of money in shipping and production.


All rights Reserved © Tradenet Services srl
Do not duplicate or redistribute in any form.