At the present time, we are living in a technologically advanced world. This is an era in which everything is controlled by electronic means.

The term "inventory" refers to raw materials, work-in-process, suppliers, as well as finished items. It has related expenses, which might be divided into two categories: ordering costs as well as holding costs.

The concept of software for Inventory control is the latest as well as updated technology to track the goods of your company.