Inventory control is an integral part of a modern Supply Chain. It is essential that warehouses operate effectively to ensure that materials flow smoothly and continuously within specified timescales, to facilitate an effective Supply Chain.
There are a vast array of technologies and information systems that have been devised to improve operations within the warehouse, the control of inventory and ultimately the wider Supply Chains.
Within the modern Supply Chain, there is a greater use of technology to gather and manipulate data to aid operational and strategic decision making and the monitoring and control of the flow of inventory.
The effective use of technology can be instrumental in the identification of potential issues in inventory control. This technology also offers opportunities for the simplification of activities and also the synchronisation of technology in the inventory control process.
With correct controls and effective application, there are opportunities for technologies to aid continuous improvements in inventory control.
