Jan 01 , 1970
Inventory Management Systems is a key instrument for businesses when
tracking their inventory. Typically, Inventory Management Systems are used by
firms that either sell a product or manufacture a product for purposes of
accounting for all the tangible goods that allow for a sale of a finished product, or
parts for making a product. The size and volume of a firm help dictate whether or
not a firm is in need of such a system as they can be quite extensive and costly.
Large firms that have thousands of components must have a system in place for
the primary objective of tracking their assets.