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How Has The Evolution of IT Affected Inventory Management?Find an article or describe an experience which demonstrates the use of information technology in inventory management. Consider also what impact 3D printing as described in the video, the Internet of Things or total transparency might do for the company. And what about having a fully connected refrigerator in your house? (Hint: Think of the Apple Store, catalog retailer websites, etc.)This article may help:http://www.inboundlogistics.com/cms/article/how-the-internet-of-things-impacts-supply-chains/ (Links to an external site.)Links to an external site.as will this one:http://www.forbes.com/sites/kevinomarah/2016/05/12/iot-and-supply-chain-management-a-roadmap-for-fast-followers/#6802216e228f (Links to an external site.)Answer Preview……….Information technology is an integral component of business operations. Primarily, IT has a significant impact on inventory management as it enhances ease in accessing data, efficiency, and accuracy thereby improving overall organizat

ion performance. The inventory management systems are important as they enable organizations to maintain their stock. Implicitly, these systems track the quantity of every item in the company’s stock whereby the order of additional stock is triggered if the items fall below the predetermined quantity. The inventory management system is highly efficient when connected to the point of sale system. Notably, the point of sale systems ensures that whenever an item is sold, the product is removed from the product account thereby facilitating access to accurate information within the organization (Shop Keep, 2018). Additionally, tracking systems such as the barcode ensure that the organizations maintain automatic track of the inventory (Shop Keep, 2018). As such, this facilitates streamlining of orders and tracking of items through the product sale cycle. Therefore, information technology has enhanced ease in managing inventory as it streamlines item information within the organization………….APA 424 words
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