Final answer:
An inventory management system is a tool that helps businesses monitor and track their inventory efficiently, reducing time and effort. It can automate the monitoring process and provide accurate reports.
Step-by-step explanation:
An inventory management system is a tool used by businesses to efficiently monitor and track their inventory. It helps streamline the process of managing products, reducing the time and effort required. For Edwardsville Manufacturing Company (EMC), this system can automate the monitoring process and provide accurate and consistent reports to different departments.