Imagine you have a lot of toys and candies in your room, and you don't want to lose track of them. So, you decide to make a list of all the toys and candies you have and keep it in your notebook. That's an inventory control system.
But instead of toys and candies, a company might have lots of items they need to keep track of, like clothes, bags, shoes, and even computers! So, they also need an inventory control system to keep track of everything.
The inventory control system helps the company know how much of each item they have, where it's located, and when they need to order more. It's like having a big list that tells you where everything is, how much of it you have, and when you should buy more.
The system works by using technology like barcodes or RFID tags (Radio Frequency Identification), which are stickers with tiny computer chips that are attached to each item. When the item is sold or moved, the barcode or RFID tag is scanned, and the system updates the inventory list automatically.
The system makes life easier for the company because they can quickly see what they have and what they need. They can also quickly tell if an item is missing or if they have too much of a certain item, which helps them make better decisions about what to do with their inventory.
So, in summary, an inventory control system is like a big list that tells you where everything is, how much of it you have, and when you should buy more. It uses technology like barcodes and RFID tags to keep track of everything automatically.