Inventory Management

Inventory management is crucial for any business that sells physical goods. It involves ordering, storing, and using a company’s inventory. These include the management of raw materials, components, and finished products, as well as warehousing and processing such items.

Remember, good inventory management reduces the cost of carrying excess inventory while maximizing sales. Good inventory management can also lead to good customer service outcomes. Software solutions for inventory management range from standalone inventory management systems, integrated ERP (Enterprise Resource Planning) systems, or modules in a supply chain management system. It’s important to choose the solution that fits your business size and complexity.