An Inventory Management System (IMS) is a software application designed to track, manage, and control the flow of goods within an organization. It helps businesses monitor stock levels, manage product details, and ensure the right quantity of items is available at the right time. The system typically includes features such as product categorization, stock tracking, order management, supplier management, and reporting. It allows users like admins, managers, and staff to perform tasks such as adding new products, updating stock, processing sales and purchases, and generating reports. An IMS improves accuracy by reducing manual errors, enhances efficiency through automation, and supports better decision-making with real-time data insights. It is widely used in retail stores, warehouses, and manufacturing industries to maintain smooth business operations and avoid issues like overstocking or stock shortages.
Jadav et al. (Tue,) studied this question.