An inventory control system is a set of processes and technologies used in operations management to oversee the procurement, storage and use of materials, parts and finished goods. By leveraging cutting-edge technology such as barcodes and RFID tags, these systems provide businesses with visibility into their inventory levels and stock movements, making it easier to manage stocks, optimize production schedules and plan orders effectively. In addition, an inventory control system can help reduce holding costs and track usage more accurately, ensuring that your business gets the maximum benefit from its inventories.