Inventory Management

Effective inventory management enables an organization to meet or exceed customers expectations of product availability while reducing overhead costs and improving efficiency. Comprehensive sales management systems will usually include invoicing, inventory management, automated billing, mailing list management, and sales tracking. A range of inventory management systems exist, from wireless and real time, to cheaper, off the shelf inventory management systems. Inventory management affects organizations internal operations through their cost accounting methods. Inventory management plays a central role in every supply chain's need to satisfy its customers.