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An inventory management software is a software system for tracking inventory levels, orders, sales and deliveries. [1] It can also be used in the manufacturing industry to create a work order, bill of materials and other production-related documents. Companies use inventory management software to avoid product overstock and outages.
Inventory may also cause significant tax expenses, depending on particular countries' laws regarding depreciation of inventory, as in Thor Power Tool Company v. Commissioner. Inventory appears as a current asset on an organization's balance sheet because the organization can, in principle, turn it into cash by selling it. Some organizations ...
Inventory available to promise (ATP) and sourcing; Vendors, purchasing, and receiving; Marketing (catalogs, promotions, pricing) Customers and prospects; Order entry and customer service (including returns and refunds) Financial processing (credit cards, billing, payment on account) Order processing (selection, printing, picking, packing, shipping)
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