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Has your organization ever been in a situation where inventory is being tracked and later you find out that it was not properly recorded and now all of the information that you thought was available is no longer there for your usage? What a disappointment. Kind of makes you want to move away from the old routine of sharpening your pencils and heading into the inventory area for an entire day of counting. Then another 8 hours the next day of typing all of that information into the spreadsheet you have come to disgust.
Lot tracking is a huge help in many instances within the manufacturing industry. Lot tracking or sometimes referred to as lot tracing, helps companies trace materials, items, ingredients, and more back to the specific vendor it came to or which clients the finished goods were delivered to. This time consuming task is essentially made effortless as it becomes easy to determine prior and present location.
When this author first got started in Inventory software back in 1995, I was handed a much older Inventory system and asked to convert it to something more usable. The spreadsheet that was being used as an Inventory system for a test equipment storage room contained all the test equipment, over 800 pieces, in a few columns, including the manufacturer, the model number, and a barcode number. Test personnel each had a barcode number on their ID card. The employee would scan their own barcode, the barcode for the equipment, then a barcode for CheckIn or CheckOut. Unfortunately, the spreadsheet wasn't working and the person who'd built it had no clue as to why.
There is quite a bit of importance in tracking inventory as it runs through your facility whether your organization is bringing products in and then quickly distributing them or whether they stay static for a significant amount of time before being moved from inventory. There are some benefits to working with inventory systems instead of spreadsheets and piles of papers.
 
Inventory Solutions ReviewInventory solutions review is a nice site that contains articles, vendor comparisons and info on upgrading and replacing inventory applications and bar code scanning systems.
Inventory Software SolutionsArtifical Intelligence DMOZMIT LFMLFM produces world-class manufacturing and operations leaders. Created in 1988 in response to the need for U.S. companies to become more competitive.
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