There are several advantages to using inventory management software in a business setting.  a) Cost savings b) Increased efficiency c) Warehouse organization d) Updated data e) Data security f) Insight into trends

a) Reorder point: the number of units that should trigger a replenishment order b) Order quantity: the number of units that should be reordered, based on the reorder point, stock on hand and stock on order c) lead demand: the number of units that will be sold during the lead time d) Stock cover: the number of days left before a stock out if no reor

Inventory management software is a software system for tracking inventory levels, orders, sales and deliveries. It can also be used in the manufacturing industry to create a work order, bill of materials and other production-related documents. Companies use inventory management software to avoid product overstock and outages. It is a tool for organ