Inventory management system consists of a series of processes with reference to the tracking, handling and managing of goods and materials that are held in stock. Inventory management is also very important in a business venture that helps in controlling assets that are being produced for sale
... [More] during the normal operations. The main goal of inventory management is to control costs of operation and supply chain either directly or indirectly along with accountability.
Automated dispensing machines help in controlling inventory costs and reduce production downtime by minimizing stock outages through automatic electronic reordering of each item. These highly efficient and automated inventory management systems can be used for a variety of tools and supplies. Companies can gain more from lower operational and maintenance costs with the use of this advanced vending equipment and technology that streamlines and automates the reordering process. [Less]