WORK OVERVIEW
Inventory systems provide guidelines on how a company purchases materials and goods, stores items in the company’s warehouses, values inventory and reconciles inventory from the accounting ledger to actual physical inventory. Purchasing and storing goods ensures companies limit inventory abuse from employees.
Tracking systems that tell you the quantity of supplies, raw materials, or final products you have on hand are called inventory systems. When items are sold or used it is automatically updated.
0 Likes