How to Choose Inventory Management System

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How to Choose Inventory Management System

01/06/2014
 
Accurately managing your inventory is a key component to the long-term success of your small business. As in the previous article, you already know why Excel is bad for tracking inventory, and how it is important to have efficient software for your inventory. Therefore, this article discusses the important factors you should look for while choosing the perfect management system for your company.
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Business Need 
Before selecting an inventory software program, you need to assess the needs of your small business, taking into account how you already manage inventory. This involves identifying procurement policies, supplier relationships and tracking historical inventory levels. Looking at historical inventory levels allows you to pinpoint areas where you overestimated or underestimated inventory. Analyzing sales records allows you to match

User Friendly
Training staff to use new technology can be an expensive, time-consuming process. Therefore, you have to pay attention to the usability while the vendor representative demonstrates the software.
Scalability and Compatibility
Take into consideration such factors as scalability or the degree to which the software can grow with your company, particularly if you intend to expand your business. It is also important to know if the software is compatible with devices and operating systems of your company; in order not to find yourself have to buy extra hardware.

Reliability and Security 
The software is able to protect and secure the inventory database. It also has to give the admin the ability to specify the access privileges of each user and record their behavior.

Cost Effectiveness
Money wise, you can compare between the features of the inventory management system and its cost. You have to request a quote that includes everything you need; such as per-seat software licenses, hardware add-ons (like mobile computers or barcode scanners), technical support contracts, training, and implementation. So there are no surprises when it’s time to buy.
 Finally, We would like you to visit Softex Website
and know more about Markect Control Online
 
 
 

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