Tracks can easily moved from one folder to another:
All of the songs will be moved from their original location to the new location and the Library will be updated. If the all Tracks in the folder are moved, then you'll also be given the option to move any accompanying files such as Album Art or Lyrics.
Tracks can easily be renamed by clicking the Filename or Path column for any Track in the Track list, and then changing the filename.
Alternatively, Tracks can be renamed from within the Info tab of the Properties dialog.
Tracks can also be automatically organized into a directory structure and filename format of your choice. This is done via the Auto-Organize Files function, which uses existing Track properties to move and rename files according to a specified format. For instance, you could organize all of your Tracks in the following format: C:/Music/<Artist>/<Album> - <Title>.xxx . To do this:
When Tracks are re-organized, it may result in old directories becoming empty. If this occurs, you will be prompted whether to delete the empty directory. If the all Tracks in the folder are moved, then you'll also be given the option to move any accompanying files such as Album Art or Lyrics.