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Inventory is a big factor in many businesses. Inventory records are the most likely area of the business to be computerized and every ERP system and CRM system is built around an inventory management function.
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Basic inventory management maintains what’s called a perpetual inventory record. Simply stated, the
system accepts inventory movement reports (transactions) and maintains a continuous record of the
quantity on-hand. Of course, inventory management software does a lot more than that. Here are some
of the tools that can and should be integrated with inventory management to give you the control and
visibility you need to support efficient operations.