Inventory management is a critical part of virtually any modern business. The goal of inventory management is knowing exactly how much you have in stock of all raw materials or parts, as well as goods for sale.
According to TechTarget, “a key function of inventory management is to keep a detailed record of each new or returned product as it enters or leaves a warehouse or point of sale.” Given this fact, it’s not surprising that a growing number of enterprises of all sizes are using database management systems (DBMS) for inventory management/control today.
Good inventory management for a manufacturer means having all the materials on hand for production, and producing the right mix of products to meet demand. Good inventory management for a retailer means not only anticipating what products customers want, but also projecting demand so you have enough to meet demand, but not so much you have storage or writedown/disposal costs.
In an IT context, inventory management often refers to server inventory management. The idea behind server inventory management is to acquire a holistic view of your server environment so you can optimize performance and diagnose problems. Idera’s SQL Elements DBMS allows you to undertake comprehensive server inventory management. With SQL Elements, you have a complete inventory of all of the servers in your network. You can keep your thumb on the pulse of the health of your servers as well as find out which are the biggest, the busiest, which are backed up, which aren’t, and even who is using them and how they are being used.