Managing the right inventory levels is essential for any company since it affects all three areas within a company - from making correct purchasing decisions, to the products believed to be available for sale, to handling customer service issues. Timely and accurate inventory information can be the differentiator in customer satisfaction and can drive increased productivity and profitability.

The carrying costs of a company are greatly reduced through inventory managementsoftware.

Inventory management software not only maintains a balance between too much and too little inventory but also tracks the inventory as it is transported between locations. It co-ordinates between arrival, picking, packing and shipping activities within a warehouse. It also keeps track of product sales and inventory levels and cuts down on product obsolescence and spoilage.

Inventory management software can help distributors, wholesalers, manufacturers and retailers in optimizing their warehouses. If certain products are more popular or are sold together, they can be grouped to speed up the process of picking. The automatic updates of inventory records through the software helps take businesses informed decisions.

InventoryManagement Software tracks where products are stocked, which suppliers they come from and the length of time they are stored. Analysis of such data can help companies control inventory levels. Also, firms are more geared up for the demands and supplies of the market, essentially during special circumstances such as a peak season on a particular month.

With so many advantages organizations are certainly going to benefit from an inventory management system that will act as a centralized-source for the coordination of resources, information and functions across a business.