Inventory management software is software designed to track and manage items through various stages along the supply chain. Features include stock level management, inventory item categorization, sales order and purchase order tracking, barcode scanning, and automatic reorder point purchasing.
Inventory control software optimizes the economic order quantity (EOQ) of businesses. The EOQ is the optimal inventory a business should purchase to minimize the cost of ordering and holding. This type of software helps regulate inventory stored in the warehouse, understand how to maximize inventory layout, and ensure there's enough product to sell at every point.
What does it mean to scale software?
Software scalability is the ability to grow or shrink a piece of software to meet changing demands on a business. Software scalability is critical to support growth, but also to pivot during times of uncertainty and scale back operations as needed. Scaling software is a necessity for many seasonal industries. https://www.miracleservice.com/industries-served/scale-equipment-software/ #scale#industry#software#business
