Tech Terms: Inventory Software

Software designed to help businesses manage inventory, sales, purchasing, shipping and related functions. Inventory management software solutions often work with barcode, RFID and wireless tracking technology to support inventory tracking and control. The general term of inventory software can encompass additional aspects of a company’s operations — including warehouse management systems, supply chain management and operations management — in tracking products or components as they move from vendors to warehouses, between warehouses, and finally to retail locations or directly to customers.

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