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Inventory Management System

An inventory management system is the combination of technology (hardware and software) and processes and procedures that manage the monitoring and maintenance of stocked product, whether those product are company assets, raw materials and supplies, or finished products ready to be sent to vendors or end consumers.

Inventory management software features
Benefits of Inventory Management Systems
  • Improved cash flow
  • Better reporting and forecasting capabilities
  • Reduction in storage costs (overhead)
  • Reduced labour costs
  • Reduction in dead stock
  • Better organization
  • Enhanced transparency
  • Improved supplier, vendor, and partner relationships
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