Inventory management is a part of the supply chain where inventory and stock quantities are tracked as things move in and out of the warehouse.

Inventory management systems aim to alert you to where your inventory is at any given time, and how much of it you have to manage levels correctly.

An inventory management system focuses on a single supply chain process, unlike an ERP system. These inventory management systems often integrate with other systems you use throughout the course of business, such as point of sale system or POS software, shipping, and channel management

Ultimately, the goal of inventory management is to ensure you have increased visibility and organization of your inventory activity with automated and streamlined operations from picking to packing and shipping the inventory.