Inventory Systems Paper
Inventory control systems are used so that companies can track materials or products. Before technology was so readily available, employees of companies had a harder time tracking inventory. Today one can go into a large retailer and ask an employee to check if an item is in stock and all the employee would have to do is check a little hand held device. The four types of inventory systems that Team A decided to research and discuss were: Advanced Tracking System (ATS), Perpetual Inventory System, Periodic Inventory System, and Just-In-Time Inventory System.
Advanced Tracking System (ATS)
Advanced Tracking System, or ATS, is a system that operates standalone or front-end that interfaces with almost any …show more content…
Perpetual and Periodic Inventory Systems A perpetual inventory system has several advantages over a periodic inventory system. A perpetual system keeps an accurate account of inventory by maintaining “constant, detailed and precise records of each purchase or return” (Meehan, 2010). Precise records help a company to be correctly stocked and less likely to run short on any particular item. In turn this could increase customer satisfaction. In