
Inventory Management System
An Inventory Management System is a tool that helps businesses track and organize their stock of products or materials. It records quantities, monitors sales and supplies, and manages reorder levels to ensure enough stock is available without overstocking. This system improves efficiency by providing real-time data, reducing errors, and streamlining operations like purchasing, storage, and sales. Ultimately, it ensures that the right products are in the right quantities at the right time, supporting better decision-making and customer satisfaction.