Inventory management software helps companies track inventory levels, manage orders, and keep tabs on sales. It also makes it easier for employees to complete tasks efficiently and accurately. With the growing popularity of the cloud, more and more businesses are replacing their legacy systems with cloud-based inventory software to help them manage their inventory accurately and efficiently.
5 Must-have inventory software features
If you are considering a new inventory software for your business, here are five features to look out for:
#1 Automate inventory adjustments
Another benefit of inventory management software is its ability to automate stock adjustments. You might have to manually adjust inventory levels based on sales if you sell products online. You can set up rules with inventory management software that automatically updates inventory levels as needed.
#2 Integrate with your existing tools
It would help if you also considered integrating your inventory management system with your existing tools, such as CRM and enterprise resource planning (ERP) systems. An integrated solution allows you to access data from multiple sources, such as accounting, manufacturing, and shipping, and it also helps you manage inventory across different locations.
#3 Manage multiple locations
If you run more than one location, you need to ensure that you have a centralized inventory management system that works well for each location. Otherwise, you might manually enter inventory data into several different systems. Having independent systems for each stock location decreases inventory visibility and can be a nightmare to manage if you need to move products between stock locations regularly.
#4 Create customized reports
One of the most significant benefits of using inventory management software is the ability to customize reports. In other words, you can choose what data you want to see when needed. You can even set up alerts to receive notifications whenever certain events occur.
#5 Work offline
It would be best if you also considered using offline software to manage your inventory. Offline inventory software allows you to access inventory data with a spotty internet connection so that you won’t have to worry about losing inventory data if there’s a power outage.
Inventory management with AccelGrid
Are you looking for inventory management software for your business? AccelGrid’s cloud-based inventory software gives you everything you need to manage your inventory accurately and simplify time-consuming tasks. With industry-leading automation tools and robust reporting, it helps you manage your inventory effortlessly so that you can focus more on growing your business.
Start a free trial today or contact us for more information.
