The process of maintaining a system which keeps a record of items added to an inventory and items disbursed is called inventory tracking and is one of the jobs of Stock takers in a company. Tracking inventory is essential to replace stocks in a timely manner. The Stock taking firms have to take into account the different types of inventories, since tracking strategies for each will vary. A finished goods inventory system will have to keep detailed production records. The system must keep track of goods produced and shipped thereby keeping an accurate figure of items currently in stock. The Stocktaking of this nature is essential to the profitability of the business. This inventory figure will determine the amount of goods needed to be manufactured the next month, what raw materials need to be ordered and what goods are already in stock to fill a customer order. A raw material, inventory system needs a tracking device that focuses on receiving materials and accounting for materials issued to various departments. The basic concepts of inventory planning and tracking can be adapted to a large manufacturing plant or a small office with the main goal being to function with the leanest possible inventory that is needed for the business to function efficiently.