oboloo Glossary

Inventory Control Card

oboloo Glossary

Inventory Control Card

Inventory Control Card (ICC) is an essential document used by businesses to track and monitor their inventory. It helps businesses know exactly how much stock they have available, when it needs to be replenished, and also allows them to analyze their most popular products and identify opportunities for improvement. The ICC is made up of several components: a barcode or serial number that links the item to its unique record; name, description, and type of product; quantity in stock; dates of purchase, sale, and issuance; cost of the item; weight, size, code numbers; and other relevant information. By utilizing the ICC system, businesses can ensure accurate stock-taking, reduce waste, optimize their cash flow, increase efficiency, and improve customer experiences.