Inventory management software streamlines inventory generation and order fulfilment operations for businesses. Businesses use inventory management tools to optimize their inventories, as well as inventory auditing, inventory control, and purchase order management.
Inventory management software automates manual processes associated with traceability, replenishment, cycle counting, and managing inventory across multiple locations. With a single view of items, inventory and orders businesses can carry less inventory on hand and free up cash. Demand-based replenishment uses historical sales and seasonality to automate re-order points. Forward and backward tracing capabilities link finished goods to customer orders and suppliers allowing for full traceability.