Whoever came up with the term “inventory management software” is one of the few blessed people who actually named a piece of technology in a readily accessible manner. Inventory management software is — wait for it — software that manages inventory. Facetiousness aside, IBM categorizes the three main areas of inventory management as purchasing inventory, storing inventory, and profiting from inventory. With this definition, the robots featured in the New York Post could be classified as inventory management robotics commanded by inventory management software.
Grocery Corridor breaks down how most grocery stores currently implement technology to manage inventory. Grocery stores track the number of units in stock and, in some cases, automatically place orders to refill products to pre-ordained levels. With online shopping, these systems keep track of what goods are available for purchase, and it is unnecessary to hire a worker to manually update websites after each shipment. However, these kinds of systems can not stop shoplifting, and workers usually check inventory once or twice a year.