Final answer:
The system described is the tracking system or the inventory management system used to keep track of every item received in a business.
Step-by-step explanation:
The system described in the question is known as the tracking system or the inventory management system. It is commonly used in businesses to keep track of every item received and maintain accurate records.
For example, in a retail store, when new products are received, each item is individually recorded in the tracking system. This helps the store keep track of inventory levels, monitor sales, and ensure that all products are accounted for.
The tracking system allows businesses to have a clear view of their stock levels, make informed purchasing decisions, and efficiently manage their inventory.