Spend Management Software

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What is Inventory Management Software?With so many cloud-based inventory applications in the market, how do you choose the best one?

Can the same inventory application support manufacturing, trading, wholesale, field service, and other use cases?

Inventory is the goods or materials a business keeps in the warehouse to sell to customers for profit.

Inventory management software is a software system for tracking inventory levels, orders, sales, and deliveries.

It can also be used in the manufacturing industry to create a work order, bill of materials and other production-related documents.

The following are some of the key functionalities that an inventory management system performs: Pick, pack and ship salesQuoting and invoicingReturns managementReorderingSerial number trackingLot ID trackingKitting/bundlesManufacturing — Bill of Materials (BOM)Receive purchase orderLabel printingCustomized data fieldsSales OrderPurchase OrderSync invoices and bills to QuickBooksGetting Best Inventory Management Software for B2BFor business-to-business operations, you must look for an inventory management application which includes purchase order and sales order.