Inventory software is a special type of programs and utilities made for various business and warehouse operations. Its main purpose is to assure a smooth operation of your business by keeping track of the quantity, status, and location of stock inventory. All companies have to keep a proper track of their inventory. It is essential for customer satisfaction, as well as for keeping track of expenditures and gains. There are many different types of inventories. For example, an inventory can include a wide range of merchandise, tools, library books, equipment, fixed assets, or consumables.