ERP Inventory Management is a system of record-keeping used by businesses to monitor and manage their inventory levels. It allows companies to accurately track the quantity, location, cost, and value of products in storage. With an ERP Inventory Management system, businesses can better forecast demand, optimize stock distribution and replenishment, and improve customer service levels with real-time visibility into the supply chain. Companies that invest in effective inventory management systems can increase efficiency and accuracy while minimizing overhead costs.