What is the primary function of the Inventory Management System (IMS)?

The primary function of the Inventory Management System (IMS) is to track inventory levels and manage orders. This system is essential for ensuring that the right amount of stock is available at the right time to meet the organization's needs. By monitoring inventory levels, the IMS helps prevent both overstocking and stockouts, which can disrupt operations and affect service delivery.

Additionally, the IMS facilitates effective order management, allowing organizations to make timely purchases and maintain efficient supply chain operations. This ensures that the materials needed for various processes are available when required, ultimately supporting overall operational efficiency.

In contrast, managing personnel records is focused on human resources, monitoring financial allocations pertains to budgeting and finance, and overseeing training and development relates to employee growth and skills enhancement. These functions, while important in their own rights, do not directly contribute to the core objective of managing inventory effectively, which is the primary role of an IMS.