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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.
This software is written in PHP and distributed as open-source software under the GNU General Public License. GLPI is a web-based application helping companies to manage their information system . The solution is able to build an inventory of all the organization's assets and to manage administrative and financial tasks.
Inventory Turn is a financial accounting tool for evaluating inventory and it is not necessarily a management tool. Inventory management should be forward looking. The methodology applied is based on historical cost of goods sold. The ratio may not be able to reflect the usability of future production demand, as well as customer demand.
PHP is used for Web content management systems including MediaWiki, [301] WordPress, [302] Joomla, [303] Drupal, [304] Moodle, [305] eZ Publish, eZ Platform, and SilverStripe. [306] As of January 2013, PHP was used in more than 240 million websites (39% of those sampled) and was installed on 2.1 million web servers. [307]
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While it is sometimes used interchangeably, inventory management and inventory control deal with different aspects of inventory. Inventory management is a broader term pertaining to the regulation of all inventory aspects, from what is already present in the warehouse to how the inventory arrived and where the product's final destination will be. [2]
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