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Inventory management systems are used to monitor inventory levels as well as orders and deliveries. The system tells you when you are likely to run out of stock so that you can order items in advance.
Key features of this type of solution include product identification, service management, asset tracking, and order management. The benefits of inventory management software include improved efficiency, reduced expenses, upgraded data, warehouse organization, and ability to monitor trends. This article reviews the best inventory management systems in the market and the list consists of the leading 10 solutions. Read about the main features and benefits of these popular systems and pick the right platform for your company needs.
What is an inventory management system?
Inventory management systems track goods through the entire supply chain or the portion of it a business operates in. That covers everything from production to retail, warehousing to shipping, and all the movements of stock and parts between.
Inventory management software is a software system for tracking inventory levels, orders, sales and deliveries.
Practically, it means a business can see all the small moving parts of its operations, allowing it to make better decisions and investments. Different inventory managers focus on different parts of the supply chain—though small businesses are usually more interested in the ordering and sales end of the chain.
