Inventory Management | Node.js, Express, PostgreSQL | Step by Step Tutorial for Beginner | Part I

An Inventory Management Application is a system designed to track, manage, and control inventory levels, orders, sales, and deliveries. It helps businesses streamline their stock management process by automating tasks like product tracking, restocking, and order management. The application is vital for businesses of all sizes to maintain an accurate record of inventory to prevent overstocking, understocking, and lost sales.

Key features include:

Product Management: Manage details of products, such as names, categories, quantities, and prices.
Stock Control: Track inventory levels in real-time, with alerts for low stock.
Order Management: Handle incoming orders and ensure that they are fulfilled from available stock.
Supplier Management: Keep track of suppliers and manage restocking from them.
Reporting & Analytics: Generate reports on stock trends, sales performance, and forecast demand.
User Roles & Permissions: With Role-Based Access Control (RBAC), assign specific roles and permissions to users like admin, manager, or viewer to control access to inventory-related functions.