"Inventory data" refers to all information and data related to the inventory of a company or organization. This includes item descriptions, quantities, locations, valuations, supplier information, and other relevant details about the existing assets, materials, or goods.
Typical functions of software in the area of "inventory data" include:
Inventory management: Capturing, organizing, and managing all inventory data, including item information, quantities, locations, and valuations.
Data updating: Ability to manually or automatically update inventory data based on inputs and outputs of goods or other events.
Search and filter functions: Ability to search and filter inventory data based on various criteria such as item name, category, location, or supplier.
Reporting and analysis: Provision of reports and analyses on inventory data to provide insights into inventory trends, inventory turnover rates, and inventory valuations.
Integration with other systems: Seamless integration with other enterprise systems such as ERP systems, accounting software, or supply chain management systems to enable smooth data exchange.
Security and access control: Implementation of security measures and access controls to ensure that inventory data is protected from unauthorized access.