Abstract: An inventory and tracking system based on a labeling system is disclosed. Labels are provided for affixation to the product or product container. Each label includes, in addition to the standard information associated the product, a hologram associated with the product and a machine readable code. The machine readable code on each unit of product includes at least one set of unique machine readable identifiers that uniquely identifies each product unit. In addition, the hologram can include the trademark of the manufacturer or supplier, to permit the consumer to ascertain at a glance that the product originates from a source of known quality. The label on each unit is scanned before shipment and the destination of each unit of product is entered and stored.