Stock control software provides functions for identifying and tracking stock in warehousing or production environments. Each item of stock is marked with an identifier (such as a barcode, RFID chip or other method) which provides details of the item and is entered into a database maintained by the software. These systems are typically used for inventory control and are used for purchasing, tracking and shipping raw materials or products through a production environment.
The software supports real-time tracking of inventory and can be used to inform purchasing decisions when product levels fall low. It can be used to generate invoices and fulfillment documentation (such as picking information and packing details) prior to an item’s shipment. It also provides various inventory reports that can inform decisions about how stock is ordered and how it moves through a production process and then to the customer through transaction and order history reports.