Inventory management or control system is the category of management information systems (MIS) which focuses on tracking sales and inventories of a company? This is done thru barcode scanning, use of spreadsheets or softwares. Use of softwares is the most modern and best-recommended way to track sales and inventories.
the answer is: TPS
In this context, TPS stands for Transaction processing system.
This system is implemented to do all activities involving collecting, modifying, and retrieving all data that occurs during the transaction. The data would include things such as sales that occurred, the amount of inventories in warehouses, receivables, Discounted resources, etc.
