WHAT IS AN
INVENTORY MANAGEMENT SYSTEM?
Inventory management system is a computer program or software for tracking and managing inventory levels, orders, sales and deliveries. The system can also be used to generate reports and analyze inventory data. It is typically used by businesses that sell physical goods and need to keep track of stock levels in order to ensure that they have enough inventory to meet customer demand.
This system is used in various industries like retail, manufacturing, healthcare, and more. It may also have features like barcode scanning, reordering notifications and integration with e-commerce platforms. Overall, inventory management system is a useful tool for businesses that need to keep track of their inventory levels, sales, and deliveries. Moreover, it helps them save time and reduce errors by automating many of the tasks involved in managing inventory.