6 Main Preferences of Inventory Software

Preferences of Inventory Software

4 Possible variants of the inventory database:

  • Paper list – manually tracking inventory on the paper. This method can work for extremely small operations.
  • Excel spreadsheets – the next step after tracking inventory manually. This method can work for small operations.
  • Access – the Microsoft Office application. Access provides more functionality than Excel, but the database is still limited.
  • Inventory database software – the advanced solution that allows automating and optimizing inventory management processes. Today, this method is widely used by most businesses from small companies to huge corporations.

Why is inventory database software the best solution?

6 Main preferences of the inventory software:

1. Easy-to-use.

The term "software" can be intimidating for somebody, but it is only at first sight. Many software providers, including Prism Visual Software, Inc., offer inventory software that does not require special knowledge and skills in IT technologies. After some training provided by the supplier, most employees easily use such a computerized system to manage, track and control the company’s inventory.

2. Accuracy.

Using computer programs that perform correct and precise counts and accounts is a guaranty of no errors. Eliminating paperwork and manual calculation is a huge plus that allows not only to optimize inventory processes but to increase their accuracy too.

3. Scalability.

Inventory software offered by many software providers, including Prism Visual Software, Inc., can be easily upgraded to more data, users, features, and functionality. So, when your company grows, you will not need to look for a new solution for tracking your growing inventory.

inventory software

4. Reliability.

The inventory database holds the company's valuable information, so in the case of losing this information, it can be detrimental to the company. Therefore, many software providers, including Prism Visual Software, Inc., offer the inventory database software system with significant security and appropriate user restrictions.

5. Reporting.

The ability to see inventory data in a way that helps to make business decisions is very important. The clear view of the inventory history and current inventory tendency enables efficient forecasting of future demands. Reorder points, price changes, seasonality, customer demand, how much inventory was available, current inventory levels, and other information will help to support the right quantity of each item in the stock.

6. Integration.

Integrating with other software solutions such as accounting software, customer relationship management (CRM), enterprise resource planning (ERP), human resources (HR), point-of-sale (POS), and other allows building a powerful software system with a single database that covers all company’s business activities.

inventory reporting