Inventory or stocks are the lifeline and constitute brand image of any company or business.The Manufacturing industry can utilize it to generate work orders and bills of materials. Regular usage of inventory management software can keep check on overstocking of product and outages. Inventory data can be organized in an 'easy to access and operate way' and the old method of maintaining data in the form of lengthy spreadsheets can be shunned completely.
Companies often use inventory management software to reduce their carrying costs. The software is used to track products and parts as they are transported from a vendor to a warehouse, between warehouses, and finally to a retail location or directly to a customer.