Permanent inventory management system

P. B. have been made possible by automatic data recording and processing systems. The prerequisite for this is the seamless recording of data at all relevant points in the system where changes in the location or status of the material take place, e.g. at goods receipt. The advantages are prompt transparency regarding the availability of materials, minimization of the effort involved in order processing and simplification of stocktaking.

Source: logipedia / Fraunhofer IML