Inventory Management

Inventory management software is a software system for tracking inventory levels, orders, sales and deliveries. It can also be used in the manufacturing industry to create a work order, bill of materials and other production-related documents. Companies use inventory management software to avoid product overstock and outages. It is a tool for organizing inventory data that before was generally stored in hard-copy form or in spreadsheets.

Inventory management software features:-

  • Barcoding
  • Reporting tools
  • Inventory forecasting
  • Inventory alerts
  • Accounting tools or tie-ins

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