Field inventory management, commonly known as inventory management is the function of understanding the stock mix of a company and the different demands on that stock. The demands are influenced by both external and internal factors and are balanced by the creation of purchase order requests to keep supplies at a reasonable or prescribed level. Inventory management is important for every other business enterprise. Retail supply chain Inventory management in the retail supply chain follows the following sequence: Request for new inventory from stores to head office, Head office issues purchase orders to the vendor, Vendor ships the goods, Warehouse receives the goods, Warehouse stores and distributes to the stores, Shops and/or consumers (e.g. wholesale shops) receive the goods, Goods are sold to customers at the shops.Software applications Inventory management software is a tool to help efficiently manage stock. While the capabilities of applications vary, most inventory management applications...