Inventory Management Software can be a standalone software or a functionality within a CMMS Software that helps businesses track and manage their inventory. It is used to monitor stock levels, order and receive new items, and track spare part orders. It can also be used to generate reports, analyze trends, and forecast future demand. Inventory Management Software helps businesses optimize their inventory levels, reduce costs, and improve maintenance operations. It can also be used to automate processes such as ordering, receiving, and tracking inventory. It is instrumental for maintenance departments in that it ensures that parts and materials are avilable, can be ordered efficientlty and reduces equipment downtime.
