Retail Management Xchange - ReMAx

A Retail Management and inventory control system is an integrated package of software and hardware used in retail outlets, warehouse operations and elsewhere to monitor the quantity, location and status of inventory as well as the related shipping, receiving, picking and storage fees.

Modern inventory control systems rely upon barcodes, to provide automatic identification of inventory objects. Inventory objects could include any kind of physical asset: merchandise, consumables, fixed assets, circulating tools, library books, or capital equipment.

To record an inventory transaction, the system uses a barcode scanner, which automatically identifies the inventory object, and then collects additional information from the operators via fixed terminals (workstations), or mobile computers. It also incorporates a barcode printer to allow your organization to print barcodes for inventory items, which do not have pre-printed barcode labels.
Applications

An inventory control system is been used in automating a sales order fulfillment process. Such a system contains a list of order to be filled in, and then prompts workers to pick the necessary items, and provides them with packaging and shipping information.

Real time inventory control systems use wireless, mobile terminals to record inventory transactions instantly. A wireless LAN transmits the transaction information to a central database.

Physical inventory counting and cycle counting are features of many inventory control systems, which can enhance the organization