What is the impact of supply chain software on inventory management?

Supply chain software significantly improves inventory management by providing real-time visibility into stock levels, reducing the risk of overstocking or stockouts. It enables accurate demand forecasting, helping businesses align inventory with customer needs. Automated tracking and alerts ensure timely reordering, optimizing storage costs. Additionally, the software enhances decision-making by analyzing historical data and trends, improving stock rotation and minimizing waste. Overall, it leads to more efficient, cost-effective, and responsive inventory management processes.