Inventory and Order Management is a business process that encompasses the control and supervision of all aspects of stock, including purchasing, tracking, organizing and distribution. It is an essential part of any successful supply chain, ensuring that customers always have access to the inventory they need. Effective Inventory and Order Management helps businesses minimize lost sales due to lack of stock, balance production levels with customer demand, optimize order fulfillment time and reduce costs associated with excess or dead stock. By taking careful control over their inventory and order management processes, businesses can ensure that they are always prepared to meet the needs of their customers.