It is fair to say that inventory software is under the umbrella of enterprise resource planning (ERP) software. But the power of inventory software demands its use in even the smallest businesses. The benefits of being able to know where your inventory is and how much you have at the drop of a hat are just too great for most enterprises to pass up. Let us take a look at some inventory software reviews to help us get a handle on what these products can do and who is producing for the market today.
Inventory software reviews may often neglect to mention what a typical package may do, so we will start going over features that you should find in most inventory software packages. As you go up in price range, you will often find increased features. These features usually are required for businesses facing more complex situations and needing more detailed and varied reporting on the data captured by their system.
A typical inventory software package will track how much stock you have and where it is. It will also take customer orders, invoice them and subtract the inventory in real-time. By looking at your software you will be able to quickly and easily tell when you are running low on inventory and order more. You will also be able to generate reports such as monthly sales, inventory history and profit margins to name a few. These programs can be used on a single computer or installed on any number of computers allowing those in your organization to update and share information in real time. These powerful features lead to a host of benefits. Some of the major benefits include simplifying complexities of managing inventory, increasing efficiency and gaining insights—through the report functions—on what is happening in your business. This all boils down to saving an organization money and gaining a competitive advantage.
Inventory Software Reviews – An Overview
Larger companies looking for inventory software reviews will find that all the well known ERP vendors cover inventory needs in their various ERP packages and modules. These names include the offerings of Oracle, SAP, Microsoft Dynamics and Sage. You will have to take some time and research each of these companies offerings and the capabilities they have as a software package and as a company that will be responsible for setting up this software, training your people and maintaining the software.
Smaller businesses also have several options to choose from for their inventory software reviews. Inflow has a basic inventory software package you can obtain for free. They also have more beefed up versions and get good reviews. Quickbooks has extensions covering inventory for its ever popular software. InventorySoft, Fishbowl inventory, Wasp Barcode Technologies and Asap Systems also offer products worth considering. Finding the right inventory control system for your company can surely make your life easier and provide many of those great benefits we spoke of earlier. Don’t hesitate to consult an expert too. They can help point you in the right direction.