| Any system, to be organized has to maintain a | | | | There are various business inventory systems |
| record of all the things it holds. From a small scale | | | | available on the Internet for download. A few of |
| industry to a multinational company, every | | | | them are MatrixNet, MyHome System, |
| organization has to maintain a log of its inventory. | | | | ESInventory and Victoria Clothes Organizer. Let |
| Even for a home, an inventory record has to be | | | | us now look at a couple of them in detail. |
| maintained. This is generally done by the woman | | | | The Golden Inventory System is designed for |
| of the house, who knows exactly what items are | | | | large companies that have a huge inventory, |
| present in the house, and where they are | | | | generally tied to an ERP (Enterprise Resource |
| present. Inventory control is very essential to the | | | | Planning) division of a multi warehouse system. In |
| functioning of a business because a company | | | | this system, there are several functionalities. |
| needs to know the stock it currently holds. Failure | | | | Distinct access rights can be assigned to different |
| to do so may result in a dramatic collapse of both | | | | classes of employees. The system works using |
| the goodwill of the company and in some cases, | | | | MS SQL server and database files. It can be run |
| the company itself. For example, consider a | | | | even in UNIX environment, not only Windows. The |
| computer manufacturing unit without a control | | | | salient features of the Golden System are that it |
| system. Suppose it has the parts needed to | | | | supports multiple users, multiple companies, |
| manufacture about five thousand computers. If | | | | multiple warehouses for a company, invoices, |
| the company gets an order for the manufacture | | | | sales orders, labels with barcode support, barcode |
| of fifteen thousand computers and accepts the | | | | scanning, purchase orders, receiving inventory, |
| order, it wouldn't realize that it doesn't have | | | | support for purchase order approval process, |
| sufficient resources needed to meet the order till | | | | vendor and customer payments tracking, |
| all five thousand computers have been | | | | inventory control, estimate, quote, reservations |
| manufactured. Even if it places orders for the | | | | for sales orders, shipping and receiving, Point of |
| parts at that time, it would result in stalling of the | | | | Sale software and options related to it, work |
| workforce till the parts arrive. Hence, control is | | | | orders for manufacture operations, transfer |
| extremely essential to any form of business, be it | | | | between warehouses, screen and report |
| small or large. A business inventory software | | | | permissions by users, screen customization |
| makes it easier to maintain a record of what is | | | | support, export reports in excel files, etc. |
| owned by a company. | | | | |