1. An inventory management tracking control system, comprising: a first event processor operative to receive video data from at least one video capturing device, the captured video data having a first image characteristic and further comprising a sequence of frames corresponding to a given time period and including an archive attribute, comprising one of a default attribute and one or more event attributes, relating to an event associated with an item being tracked, the archive attribute corresponding to a relative value of the sequence of frames and an indication of the number of frames to be retained at a given resolution; reader circuitry operative to generate the one or more event attributes in response to information provided by a triggering device; and a second event processor, coupled to the reader circuitry, operative to adjust image characteristics and the storage time period of the captured video data in response to business rules corresponding to the one or more event attributes, the second event processor further operative to cause the captured video data to be stored for a predetermined period of time at the first image characteristic and cause the adjusted image characteristics of the captured video data to be stored for a subsequent period of time, the second event processor further operative to adjust the event attribute subsequent to the time the event attribute is received.