Inventory is a central asset for a company and represents the investment that is involved from the manufacturing to the sale of the product. Mishandling of inventory can lead to significant financial problems and result in either inventory glut or inventory shortage. An inventory control system is the set of guidelines and controls that monitors levels of inventory and regulates what levels should be maintained, when stock should be restocked, and what should be the economic order quantity.
Inventory management is the set of guidelines to keep track of products, items, or assets; evaluate the storage requirements of components; and supervise the amount of finished products.
Technavios analysts forecast the global inventory management software market in retail sector to grow at a CAGR of 8.31% during the period 2016-2020.
Click to get more details with TOC in a PDF Format: goo.gl/cqWYhV
Covered in this report
The report covers the present scenario and the growth prospects of the global inventory management software market in retail sector for 2016-2020. In order to calculate the market size, we are considering the one-time licensing cost.
The market is divided into the following segments based on geography:
Technavio’s report, Global Inventory Management Software Market in Retail Sector 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Sage Inventory Advisor