Inventory control software is a technology solution that streamlines the management of stock items and purchase orders, enabling businesses to know exactly how much of a product is on hand, when new inventory needs to be ordered, and where it should be stored. This type of software ensures that businesses have the right amount of inventory at the right time, increasing efficiency and accuracy while helping them to avoid financial losses due to stock discrepancies. By tracking every step of an order’s lifecycle — from its initial request to its delivery to the customer—inventory control software provides an invaluable resource for any business that needs an accurate record of their goods.