The smooth operation of many organizations, ensuring they always have what they need when needed, is not by chance. It is the result of careful planning and a strategic approach to maintaining perfect alignment between sales and stock levels. Our RFgen partners share how perpetual inventory systems are transforming operations and enabling companies to optimize space and maximize profits.

Inventory control is often discussed in terms of FIFO (First In, First Out) and inventory optimization to ensure products are available when needed. However, we don’t always focus on the importance of using technology to “track inventory with real-time data and high accuracy.” While this may sound like any other inventory management goal, what sets perpetual inventory management apart is how it works. With this approach, stock levels are automatically updated after every transaction, ensuring inventory is always accurate and up to date.

Achieving this level of accuracy requires a combination of software and barcode scanning. This is where RFgen and partners like Pragmatyxs can help businesses identify a complete solution for their specific needs. Some essential tools identified for perpetual inventory may include:

• Barcode scanners
• Tablets or smartphones
• Radio-frequency identification (RFID) tags
• Internet of Things (IoT) sensors
• Point-of-sale (POS) systems

These tools must integrate with a Warehouse Management System (WMS) or Enterprise Resource Planning (ERP) system to bring everything together. Over time, many companies will transition to this type of inventory management because it makes sense. As consumer demands shift and the need for agility and efficiency grows, businesses will benefit from keeping only the right amount of inventory on hand—without overstocking their warehouses. This approach helps companies streamline and ultimately improve their operations.