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       Inventory is the materials, work-in-progress goods and final product that businesses sell in order to generate revenue. Without inventory going out, there is no money coming in.Inventory management software consists of business applications that track, manage and organize product sales, material purchases and other production processes. Gone are the days of tracking inventory with pencil and paper.  The objective of inventory management is to provide uninterrupted production, sales, and/or customer-service levels at the minimum cost. Since for many companies inventory is the largest item in the current assets category, inventory problems can and do contribute to losses or even business failures. Also called inventory control. See also inventory analysis. inventory management software might make some business owners hesitant to switch from manual inventory accounting to an automated system.


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