Inventory systems vary greatly in their individual design, feature set and operations, but they all share one common trait-to make the counting, tracking and recording of inventory movements easier.

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The perpetual inventory system controls inventory in order to both protect it from theft and damage and report it in the balance sheet as an asset that impacts net income. When the inventory is sold ...

An inventory control system is a system the encompasses all aspects of managing a company’s inventories; purchasing, shipping, receiving, tracking, warehousing and storage, turnover, and reordering.