Types of inventory control systems- Perpetual and Periodic Inventory System


Inventory control systems are the best technology solutions to track inventory tasks such as shipping, purchasing, receiving, warehouse storage, tracking, and reordering. Inventory control systems help to increase the productivity and efficiency of a particular organization. Through inventory management systems we can optimize the business on a regular basis.

          

It is said, there are four types of inventory control systems are available in the market.
  • Perpetual Inventory System
  • Periodic Inventory System
  • Barcode Inventory Systems
  • Radio Frequency Identification Inventory Systems

If you ever will see the perpetual inventory system, it continually updates the records and accounts for the addition and subtractions when inventory items are received, picked from inventory, sold from stock, and many other such types of activities. There are many challenges associated with perpetual inventory systems. Periodic Inventory systems do not track inventory on a daily basis, they allow the organization to know the beginning and ending inventory levels to update the systems.  There is always should be in your mind, these types of inventory always depend on the physical inventory counts. And the inventory management systems with barcode inventory systems are more accurate and efficient as compared to those inventory systems that are using manual processes. As they provide the accurate results of all inventory transactions. The radio frequency identification inventory systems always use active and passive technology to manage the inventory task or movements. It uses fixed tag readers. These types of inventory systems also have few challenges.
So if you are going to use inventory systems for your organization, it is advisable to decide which inventory system is the best fit or suited for your organization. Here are details are given below one of the inventory systems providers. 

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