![]() ![]() Typically, an inventory system has four basic elements – products, purchases, orders, and suppliers – which must be tracked based on their location, SKU, and quantity. Raw materials are decremented and finished goods are incremented. Other activities such as movement, or relocating, of inventory also take place. At its core, inventory control works by tracking the two main functions of a warehouse - receiving (incoming) and shipping (outgoing). What is in an Inventory Management SystemĪn inventory management system has several critical components. Our Inventory System requires the standard commercial phpGrid and phpChart license as it needs a few advanced features from both components. This tutorial will help you develop your own custom inventory tracking system so you can make smart inventory decisions based on timely and accurate inventory data. ![]() You do not need bloated enterprise software to effectively track your inventory. ![]()
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