An inventory control system is a set of hardware and software based tools that automate the process of tracking inventory.
The kinds of inventory tracked with an inventory control system can include almost any type of quantifiable good, including food,
clothing, books, equipment, and any other item that consumers, retailers, or wholesalers may purchase. Modern inventory control systems
are almost exclusively based on barcode technology. Though barcodes were initially developed to automate the process of grocery store checkout,
their ability to encode a wide variety of alphabetic and numeric symbols makes them ideal for encoding merchandise for inventory applications.
Inventory control systems work in real-time using wireless technology to transmit information to a central computer system as transactions occur.