Inventory Tracking is the process of monitoring and managing a company's stock of goods. It involves keeping a detailed record of products, including their quantities, locations, and status. This helps businesses know what they have on hand, what needs to be reordered, and how to avoid overstocking or stockouts. Effective Inventory Tracking can be done using various methods, such as manual counting, spreadsheets, or specialized software. By maintaining accurate inventory records, companies can improve efficiency, reduce costs, and enhance customer satisfaction by ensuring that products are available when needed.