What is Inventory Management System (IMS)?
Inventory Management System (IMS) helps you to manage the inventory of your business. IMS is an integrated system managed by hardware and software components or it may refer to only software components. IMS is used in industries to improve the performance of: • Warehouse management • Sales forecasting • Production unit • Shipping • Receiving • Other systems For several years, barcodes were used in the Inventory Control Systems, but in the Modern Inventory Control System, RFID Technology is in practice. RFID tags are used in modern IMS for involuntary identification of inventory objects. An inventory object could be any kind of material: • Commodities • Consumables • Fixed or Movable assets • Different tools • Books • Capital equipments etc. Each and every object in the inventory is tagged or commissioned and the information is gathered through barcode scanner or RFID reader and then collects supplementary information via mobile computers or fixed terminals. Applications of IMS IMS can
