inventorymanagementsoftware
nounA computer program that helps a store or company keep track of the things it has and needs.
The small shop uses inventorymanagementsoftware to know when to order more toys.
SYNONYMS
OTHER MEANINGS
2. A tool that records how many items are sold and how many are left.
With inventorymanagementsoftware, the bakery sees exactly how many loaves remain each evening.
3. A system that warns a business when supplies are running low.
The inventorymanagementsoftware sent an alert that printer paper was almost gone.
4. Software that organizes where products are stored in a warehouse.
Workers used inventorymanagementsoftware to find the right shelf for each box.
5. A digital way to count and value everything a company owns.
At year's end, the company used inventorymanagementsoftware to calculate the total value of its stock.