Inventory management, or stock control, is the process by which a company keeps track of its stuff. For a small business, keeping track of items with Excel or QuickBooks or even pencil and paper may be sufficient, but as the business grows so does the complexity of the task. Eventually a company adopts an inventory management system to bring organization and consistency to its records.
At FOL we provide integrated inventory management systems like Finale Inventory, which include the order management system, warehouse management system, and stock control system all in one. Small businesses often use QuickBooks or other accounting software in combination with an integrated inventory management system.