inventory tracking

Inventory tracking is the process of monitoring and managing the goods and materials a business has on hand. It involves recording what items are in stock, their quantities, and location, helping to prevent shortages or excess. This system ensures that businesses can efficiently meet customer demand, avoid stockouts, and reduce waste. Modern inventory tracking often uses software, barcodes, or RFID technology to update records automatically as items are added, sold, or moved. Overall, effective inventory tracking helps businesses operate smoothly, save costs, and make informed decisions about their stock.