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QuickBooks Premier provides you with the same ability to easily track your inventory as found in QuickBooks Pro. This will allow you to avoid overbuying and backorders. As is the case with Pro, Premier allows you to setup reorder points that will automatically alert you as to when you should reorder a product.
To help you address your more complex product and inventory management needs, QuickBooks Premier will allow you to track both raw materials and finished goods. Additionally, you are able to adjust your inventory as you create Bills of Material and even receive inventory in one unit of measure while selling in another.
"Inventory" is part of the QuickBooks Premier line of products, developed by Intuit.