In a few simple words, an Inventory management software is a tool which helps business enterprises to manage their stock. It is a one-stop solution, which addresses all your enterprises' needs for recording and managing the inventory database. The primary goal of any inventory software is to efficiently manage a stock before it gets sold. It doesn’t matter what type of business enterprise you are running, whether it is a manufacturing industry, a trading firm or a retail store, a well managed inventory database is must. It helps in taking quick sales/purchase decisions and framing new business strategies. Using an inventory software, you can be assured that all product/item in your stock is well managed, and you would be having detailed information about each of them. There would be no chance of overstock and out-of-stock situation, which could harm your business enterprises’ profit reports. It saves your time and money as well.