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When a product is in a warehouse or store, it can be tracked via its barcode and/or other tracking criteria, such as serial number, lot number or revision number.Systems for Business, Encyclopedia of Business, 2nd ed. Nowadays, inventory management software often utilizes barcode, radio-frequency identification (RFID), and/or wireless tracking technology.
The systems operate under computerized control, maintaining an inventory of stored items. Retrieval of items is accomplished by specifying the item type and quantity to be retrieved. The computer determines where in the storage area the item can be retrieved from and schedules the retrieval.
The idea of "digital manufacturing" became prominent in the early 1970s, with the release of Dr. Joseph Harrington's book, Computer Integrated Manufacturing. [5] However, it was not until 1984 when computer-integrated manufacturing began to be developed and promoted by machine tool manufacturers and the Computer and Automated Systems Association and Society of Manufacturing Engineers (CASA/SME).
Material requirements planning (MRP) is a production planning, scheduling, and inventory control system used to manage manufacturing processes. Most MRP systems are software-based, but it is possible to conduct MRP by hand as well. An MRP system is intended to simultaneously meet three objectives:
In earlier periods, non-continuous, or periodic inventory systems were more prevalent. Starting in the 1970s digital computers made possible the ability to implement a perpetual inventory system. This has been facilitated by bar coding and lately radio frequency identification labeling which allows computer systems to quickly read and process ...
However, in contemporary usage, the term overwhelmingly refers to computer systems. The core function of a warehouse management system is to record the arrival and departure of inventory. [ 1 ] From that starting point, features are added like recording the precise location of stock within the warehouse, optimising the use of available space ...
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