In the fast-paced world of business, effective inventory management is crucial for optimizing operations and maximizing profitability. At the heart of this process lies Inventory Management Software, a powerful tool designed to streamline and control the entire lifecycle of a company's inventory. Inventory management, in essence, refers to the systematic approach of overseeing and controlling the ordering, storage, and use of materials, goods, and products.

When it comes to insuring their activities, companies need to consider a number of aspects to ensure adequate protection against potential risks. One of the most important is an accurate assessment of inventory value. Indeed, knowing the value of your inventory is essential if you’re looking to protect yourself against potential losses.

Can the two coexist, and if yes, then how?

Keeping track of software renewals is a must-do for any business that is dedicated to IT Service Management (ITAM) or IT support in general. It's all about making sure you keep using your software licenses legally after they expire. But it's not always a walk in the park; Software License Management can be overwhelming and time-consuming, particularly as most organizations are juggling with many installations, each with their own dates, terms, and conditions.