Inventory and Order Management Software is a type of business management tool designed to help companies keep track of their inventory levels, manage orders placed by customers, and streamline order fulfillment. The software helps companies stay organized and efficient with all the data associated with their sourcing, stocking, and selling of products. It allows them to monitor and optimize inventory levels, place orders accurately and on time, and quickly process orders for delivery or pick-up. This type of software gives businesses control over the entire order lifecycle – from the initial planning stages all the way through to customer delivery and/or fulfillment. By automating key processes, companies can save time, money, and resources while also providing a better overall experience for their customers.