The inventory management system is a software application or tool used by businesses to efficiently track, organize, and manage their inventory. It helps businesses keep track of their stock levels, monitor product movements, and streamline the overall inventory control process. The system allows businesses to record and track the quantity and location of their inventory items in real-time. It helps prevent stockouts or overstocking by providing accurate information on available stock levels. Businesses can manage purchase orders, sales orders, and backorders through the system. It helps automate the order fulfillment process, ensuring that products are shipped or restocked promptly.