Abstract: A system and method for managing inventory automatically monitors inventory amounts, provides information concerning inventory, and automatically adjusts an inventory replenishment schedule. The system includes: an inventory control unit (1) having: an inventory server (10), for controlling receipt, dispatch and storage of inventory, for integrating information received from suppliers and customers with information on current inventory amounts, and for determining if current inventory should be replenished; an inventory database (12) for storing information on suppliers, customers and inventory status; and a web server (13) for handling inquiries. A current amount of inventory is periodically monitored, and an inventory warning report is automatically generated when the amount of inventory is outside a safe range of amounts. The report is sent to the corresponding supplier, customer and/or other relevant staff by E-mail.