Inventory control is more than the monitoring of stocked merchandize where it can be useful for automating the system and replenishment of stocks. Read this article to know the benefits of having an inventory control over your business. For more information, call: (201) 603-2982

1. Title: Why Do You Need Inventory Control on Your Business
Article Summary: Inventory control is more than the monitoring of stocked merchandize where it can be
useful for automating the system and replenishment of stocks. The benefits of inventory control makes
it easier to track quantity of stoked items, wider monitoring reach, real time updating of records to help
employees gauge the percentage of consumption.
Article Body
WHY DO YOU NEED INVENTORY CONTROL ON YOUR BUSINESS
Every business whether large or small needs a complete list of merchandise or stocked goods. For a
business that has a pile of papers anywhere does not only indicate a non-friendly working space but
should also be a threat to the owner if they can still keep track of the meritorious records of the
company. A piece of paper for some is worthless but for company owners, every piece of paper inside
the office has its value—more than anyone can imagine.
As the company grows, it is also expected that extra effort should be put on when it comes to inventory
control. Before the computer generation, companies only rely on manual inventory system. There are
two types of inventory system: periodic and perpetual. Periodic uses physical count with intervals to be
able to monitor inventory at a lesser time consumed. Perpetual inventory updates the manual record
daily. This is done to strictly see the count of items on the inventory list and work closely on it to avoid
any delay in replenishment.
Today, inventory management usually requires a computerized system for a better safekeeping of
records and avoiding any deterioration that might occur through the aging of documents. For bulk
processes, some business entities entrust it to companies who offer that kind of service like inventory
control Waldwick NJ.
WORK SIMPLIFIED ON INVENTORY SYSTEM
Moving to the broader definition of inventory control more than the monitoring of stocked
merchandise, this can also be used for automated replenishment of stocks. The system is designed to
simultaneously monitor and decide order requisition based on what is required. The system also
automatically updates stocks on hand, prompt employees for items running out of stock and log it back
on the system once acquired.
This kind of system can track almost all quantifiable items such as clothing and sewing accessories, food,
books and other dry goods. Manufacturers of machineries, tools, shipping equipment and car
accessories also use this system for their operation especially those who have warehouses.

2. BENEFITS OF INVENTORY CONTROL
• Easier tracking of quantity of stocked items
• Wider monitoring reach ( does not only penetrate on one area, but system can also monitor
warehouses located outside the office)
• Real time updating of records to help employees gauge the % of consumption or usage; helpful
to have on time replenishment of items running out of supply
• Since eve stock is included in the automated system, theft items can be easily monitored and
prevented.
An inventory control system can also use wired or mobile terminals (suitable for warehouses and on
site inventory storage) to count and monitor stocks.
During annual book closing, some companies perform physical inventory through random manual
counting just to check the accuracy of the system. But high percentage of inventory systems proves their
accuracy even for years.
Typically a basic inventory system includes the following for it to work:
• Barcode reader- modern inventory include barcodes and even radio-frequency identification to
automatically identify objects on inventory list. In this light, barcode readers can collect
information of the scanned object. As the scanner reads the information the barcode reader
encrypts the optical code to digitized information and registers it on the system.
Usually there are four types of barcode readers: Pen (for single user), Laser (can be a mounted
or a handheld unit more advanced than pen laser) CCD or charge coupled device this is also
called LED scanner, compared to the first two lasers this type is more expensive but gives more
accurate result and lastly 2d Camera (this type can store more information that a standard
barcode reader)
• Barcode Printer- after the information is encrypted, this can be printed as a form of receipt or
weekly inventory report
• Mobile Computer- as mentioned earlier some inventory systems can have a remote access and
can still perform monitoring with the same speed and accuracy.
• Software- this is the heart and brain of the system. Software connects the hardware and
synchronizes them. Each receives a command that will be working on to complete the
operation.

3. Many companies offering this kind of service are flexible enough on your needs as a customer through
variety of packages they offer. Whether you are a small or large business owner there is surely a
package suitable for the inventory needs of your business. The size of the company, type of operation
and number of business locations will dictate the kind of inventory control system to be used.