Why use cloud inventory management?
Up until recently, complex inventory management systems were too costly for most small to medium sized businesses. In addition to paying for the software licenses, there was also the cost of setup, in house hardware and staff training. As a result many businesses still rely on spreadsheets to monitor their inventory.
However with the advancement of cloud computing and service providers, low cost, sophisticated and customisable inventory management solutions are now within easy reach of most businesses.
A few benefits of cloud inventory management
1Synchronisation with cloud accounting systems
Many cloud inventory systems seamlessly synchronise sales invoices, purchase orders and stock movements with cloud accounting platforms such as Xero, which saves time and eliminates human error.
4Excellent reporting
Access accurate sales information instantly and identify information such as your most popular products, best customers, cost of goods sold and top sales locations.
2Your data is available 24/7 and is backed up
Storing your inventory data on the cloud means that you won’t have to worry about losing your data. If your computer breaks, or is lost or stolen, your data will still be available to access from any other computers’ internet browser.
2Centrally manage your inventory and sell through new channels
Sell through multiple online channels such as Amazon and eBay and prevent overselling by keeping a central stock figure that is automatically updated on all channels when a sale is made.
5Manage multiple stock and warehouse locations
Manage your stock across multiple warehouses and easily record and transfer stock between your locations.
Interested in moving from spreadsheets to cloud inventory management? Click here to get in touch and we can talk you through the options.
