The InventorySystem software is a stand-alone tool. Thus, it is very much able to operatewithout control from another system that makes it self-contained andindependent. With this, decision makers will more likely benefit the most. TheInventory System will allow them, the clients to analyze and study the salesand distribution system of the company and anticipate accurately the issueswhich could arise therein. It is an Inventory System that ensures that theright volume of the precise products on hand and will be made available at notime. Having such system also answersvital questions in relation to the following: a.
) How much should be allotted fordistribution on a particular day? And b.) How much will be available(product/supply/good) for tomorrow or the next day?TheInventory System will thus tell everybody concerned especially the stakeholdersthat x number of x material are needed within a specific number of days. Withthese data presented, if the inventory is enough, work can proceed right away.Moreover, the Inventory System makes sure that information needed and will beavailable soonest saving effort and time for both the employees and thestakeholders.AnInventory System no needs to be computer-based. Even a manual style of keepingtrack of the flow of various goods or products in and out of the company mayalso be deemed some sort of an Inventory System. This type of an InventorySystem is more frequent and exercised the most in very small businesses whosemain bodies are not genuinely inclined and interested to technology moreover totools which need to be employed through the aid of technology or when suchthings are unavailable to the business’ geographic location. With all thedevelopment and changes existent today, computerized Inventory System is stillseen as a significant key concept on doing business.
This is primarily becausesimply relying on crude and rudimentary methods may be counterproductive andinefficacious at the same time. It may be tedious, consuming most of theemployee’s time. It may also be more prone to human error which may soon resultto unsolicited lapses. In this case, the objective of having an InventorySystem no matter how simple may be defeated. In fact, slip-ups can entailadditional cost, lost revenue, redundancy, and worst customer dissatisfaction.CommonInventory Applications are as follows: Warehouses, Stockrooms and Supply Rooms,Distribution, Offices and Classrooms, Facilities Management, LightManufacturing and Work-In-Progress