inventory tracking
Counting stored goods
Inventory tracking is the process of monitoring goods as they move through a supply chain—from receipt to storage to sale or use.
Businesses track inventory to know what they have, where it is, and when to reorder: Our inventory tracking system flagged low stock on that item.
Modern tracking often uses barcodes, RFID tags, or software that updates quantities in real time.
- barcode scanningOptical product identification method
- real-time updatesImmediate data transmission
- serial numbersUnique identifying sequences
- lot numbersIdentifiers for production batches
- back orderRequest for unavailable merchandise
shrinkage · SKU · production planning · stock control · reorder · dead stock · order fulfillment · stock rotation · shelf life · receiving · warehouse · accounting · stockroom · pick and pack · database · distribution · spreadsheet · ledger
inventory trackingguesswork
Conclusions drawn without proof
estimation · flying blind · guesstimation · approximation · winging it