With thousands of feet of storage space available, Vanguard can video monitor and house your printed materials and promotional products securely and safely. And our real-time inventory tracking system helps us maintain the proper inventory levels needed to keep your operation running smoothly without costly interruptions.

Inventory control for small businesses is becoming more and more technologically advanced. It used to be that bar coding and electronic tracking of inventory was reserved for large businesses due to excessive start-up costs. However, that has recently changed and there are now inventory tracking systems available at affordable prices. Small- to medium-sized businesses finally have the technology they need to compete with larger companies.

One of the major competitive advantages large companies have always had over smaller ones is efficiency in managing inventory. Through electronic inventory tracking systems, larger companies have real-time counts of all items in stock and the ordering of replenishment stock is done automatically based on the count in the computer. Smaller businesses relied on a physical count, usually done monthly, that had to be manually entered into the computer system. This required extra man-hours and made it difficult to know exactly how many of a particular item was on hand at any given time. It also increased the likelihood of running out of an item, causing customers to get it somewhere else.

Small- to medium-sized businesses may now take advantage of the same technology that larger businesses use to increase efficiency and, therefore, profits. The inventory tracking solutions and software are now available in packages that suit any size business. From the "mom-and-pop" retailer to the regional department store, there is a solution to fit the needs and budget of any company looking to increase its bottom line. With just-in-time inventory and no need to handle the data twice, these electronic inventory tracking systems offer a significant return on investment.

Some inventory solutions are designed to be usable right out of the box. This means there is little time sacrificed for installation and learning the software. Business owners are able to spend their valuable time running their companies instead of deciphering their new inventory systems and software.

Inventory tracking systems make it possible for smaller businesses to run with the same efficiency as larger businesses. This allows these smaller businesses to compete on price and selection once again. In fact, the availability of electronic inventory solutions puts the competitive advantage back in the small businesses' favor; not only can the local business compete on price, but they are still able to maintain the same level of customer service that draws their customers in the first place. And personalized service is certainly something that large companies are not known for.

Inventory tracking systems designed for the small- to medium-sized business make it possible for these businesses to compete with large companies. Not only can smaller businesses now run with the same efficiency as larger ones, but they are still able to offer the same personal and friendly service consumers come to expect from a smaller, local company. Big businesses no longer have the competitive advantage of electronic inventory solutions and the efficiency it allows; smaller businesses are using the same technology to their advantage.

"By tagging each individual product with its own 'license plate,' AbsoluteSKY's RFID system provides the retailer with the real-time inventory data needed to maximize sales while cutting labor costs," says John Frabasile, President and CEO of AbsoluteSKY (www.AbsoluteSKY.ca). With global RFID (Radio Frequency Identification) spending estimated to be between $3 billion and $6 billion worldwide by 2010, AbsoluteSKY's RFID-based intelliTRACKER™ product suite for item-level inventory tracking in retail is poised to capture a substantial share of that market.

The mass merchandising giant Wal-Mart made the first splash when it instituted an RFID pilot program in 2003 to track merchandise at the case and pallet level with the objective, among others, of improving the test stores' out-of-stock rate. In May of this year, researchers at the University of Arkansas announced that this simple RFID implementation decreased the out-of-stock rates for certain inventory items by as much as 62 percent.

While the Wal-Mart trial demonstrated the efficacy of RFID tagging in retail, intelliTRACKER's innovative and fully integrated RFID-based technology solution has the potential to create a sea change in the specialty retail industry. According to Frabasile, "Our integrated intelliTRACKER product suite addresses critical issues for the specialty retail industry, such as automating inventory tracking to the item-level, improving the customer experience, reducing shrinkage and gaining full control over loss prevention." intelliTRACKER's ability to track individual items from the factory floor through the transportation and distribution chain to the retail location and point-of-sale makes it unrivalled in the RFID industry.

For example, intelliTRACKER's item-level tracking allows retailers to accurately measure the sell-through rate of every item, giving them the ability to order additional fast-selling inventory and begin discounting slow-selling inventory at the proper time. In contrast, traditional inventory tracking systems often mislead retailers into thinking they have slow-selling inventory, when other factors - such as shoplifting or damaged goods - are the culprits in inventory depletion. This misinformation can lead to poor decisions about markdowns or prevent retailers from ordering additional inventory of quick-selling items.

The intelliTRACKER RFID product suite gives retailers the detailed information they need to make other types of informed decisions. By having actual sell-through rates - rather than waiting for periodic physical inventories - retailers can perform accurate vendor analyses, which will ultimately improve sales. In addition, missed sales opportunities lessen considerably, since intelliTRACKER alerts the merchant when the inventory of desirable sizes or items gets low, and identifies and accounts for damaged items.

Importantly, intelliTRACKER also smoothes the process of inter-store transfers, boosts the accuracy of automated replenishment systems, and provides style aging information for better markdown management.

According to Frabasile, retailers using the intelliTRACKER RFID product suite reap enormous benefits in saved labor costs. "In-store staff no longer has to count merchandise for any process, such as receipts, transfers in, transfers out, inventory, and sales. As a result, the retailer has an immediate and recurring savings in labor. If a retailer chooses to apply these saved hours to the selling floor to better serve customers, it's virtually certain that he or she will see an up-tick in sales."

With the RFID industry expected to grow exponentially in the next few years, AbsoluteSKY is far ahead of the curve. "Many companies that see RFID as the wave of the future have products in development," says Frabasile. "But the right combination of breakthrough technology and business acumen has already been integrated into our intelliTRACKER RFID product suite."

In other words, for AbsoluteSKY, the future is now.

"With global RFID spending estimated to be between $3 billion and $6 billion worldwide by 2010, the Radio Frequency Identification market is growing exponentially," says John Frabasile, President and CEO of AbsoluteSKY (www.AbsoluteSKY.ca). With its RFID-based intelliTRACKER™ product suite for item-level inventory tracking in retail, AbsoluteSKY is poised to capture a substantial share of that market.

The mass merchandising giant Wal-Mart made the first splash when it instituted an RFID pilot program in 2003 to track merchandise at the case and pallet level with the objective, among others, of improving the test stores' out-of-stock rate. In May of this year, researchers at the University of Arkansas announced that this simple RFID implementation decreased the out-of-stock rates for certain inventory items by as much as 62 percent.

While the Wal-Mart trial demonstrated the efficacy of RFID tagging in retail, intelliTRACKER's innovative and fully integrated RFID-based technology solution has the potential to create a sea change in the specialty retail industry. According to Frabasile, "Our integrated intelliTRACKER product suite addresses critical issues for the specialty retail industry, such as automating inventory tracking to the item-level, improving the customer experience, reducing shrinkage and gaining full control over loss prevention." intelliTRACKER's ability to track individual items from the factory floor through the transportation and distribution chain to the retail location and point-of-sale makes it unrivalled in the RFID industry.

By tagging each individual product with its own "license plate," AbsoluteSKY's RFID system provides the retailer with the real-time inventory data needed to maximize sales while cutting labor costs. For example, intelliTRACKER's item-level tracking allows retailers to accurately measure the sell-through rate of every item, giving them the ability to order additional fast-selling inventory and begin discounting slow-selling inventory at the proper time. In contrast, traditional inventory tracking systems often mislead retailers into thinking they have slow-selling inventory, when other factors - such as shoplifting or damaged goods - are the culprits in inventory depletion. This misinformation can lead to poor decisions about markdowns or prevent retailers from ordering additional inventory of quick-selling items.

The intelliTRACKER RFID product suite gives retailers the detailed information they need to make other types of informed decisions. By having actual sell-through rates - rather than waiting for periodic physical inventories - retailers can perform accurate vendor analyses, which will ultimately improve sales. In addition, missed sales opportunities lessen considerably, since intelliTRACKER alerts the merchant when the inventory of desirable sizes or items gets low, and identifies and accounts for damaged items.

Importantly, intelliTRACKER also smoothes the process of inter-store transfers, boosts the accuracy of automated replenishment systems, and provides style aging information for better markdown management.

According to Frabasile, retailers using the intelliTRACKER RFID product suite reap enormous benefits in saved labor costs. "In-store staff no longer has to count merchandise for any process, such as receipts, transfers in, transfers out, inventory, and sales. As a result, the retailer has an immediate and recurring savings in labor. If a retailer chooses to apply these saved hours to the selling floor to better serve customers, it's virtually certain that he or she will see an up-tick in sales."

With the RFID industry expected to grow exponentially in the next few years, AbsoluteSKY is far ahead of the curve. "Many companies that see RFID as the wave of the future have products in development," says Frabasile. "But the right combination of breakthrough technology and business acumen has already been integrated into our intelliTRACKER RFID product suite."

In other words, for AbsoluteSKY, the future is now.

Inventory may be defined as “Finished products that are ready for sale, but have not been sold yet”.

You may use multiple Inventory Software packages available in market. The Inventory Software can provide you with multiple functionalities such as profit controls, real time inventory tracking, price levels, and tax calculations.

Some of the salient features of Inventory Management Software are explained below:

Real Time Inventory Tracking: Enables you to perform real time inventory tracking among multiple stores and locations. Expiry Date Tracking: Enables you to assign the expiry date to the items during or immediately after receiving the items. Manufacturer Lot Tracking: Enables you to select the Manufacturer lot when required for transaction. Multi Level Categories: Enables you to maintain multi level categories for easy management. Currency Manager: Enables you to manage and calculate currency for multiple geographical locations. It also facilitates you to convert money value. Stock Transfer: Enables you to transfer the stock among multiple geographical locations. Backup Creation: Enables you to create and backup the company’s data. Reports: Enables you to create reports in multiple formats as per the customer requirements.

Inventory Accounting Software is specific to the accounting. It facilitates you to perform financial activities such as Financial Reporting, Banking, and budgeting.

Some of the salient features of Inventory Management Software are explained below:

Budgets: Enables you to transfer the budget amount among multiple accounts. Accounts: Enables you to manage income and expenditure. It also enables you to track the receivables, plan the cash flow. Sales Commission: Enables you to calculate the sales commissions that are due to the agents. Banking: Enables you to modify the financial details such as credit card details, transfer funds, and check details.

It also enables you to perform the audit related activities.