Inventary manegment:-

A good inventory management system has always been important in the working of an effective organization. New technologies and collaborative methods of working with trading partners will revolutionize this practice. Those who embrace, implement, lead and master these new technologies and inventory management system methods will develop a significant competitive edge over rival firms in the marketplace.

To be used to effectively manage products within the supply chain, the Supply Chain inventory management system must have accurate product information in it.