Inventory control system can be a process for taking care of and locating items or materials. In common usage, the term can also refer to just the software program components. Modern inventory manage systems often are based upon barcodes and radio-frequency identification tags to provide automatic identification involving inventory objects. Inventory objects could include any kind of physical asset: goods, consumables, fixed assets, circulating tools, library books, or money equipment. An inventory control system can track any kind of physical objects including equipment, books, foods or any quantifiable items.