Inventory Management Software Considerations


Each organization faces inventory challenges. The demands of the supply chain require to constantly be upgrading your process to find additional savings. Your competitors are doing this and many companies are able to get a competitive advantage as a result.

Most organizations today have some form of inventory management software in place. The enterprise level has had this for some time. Even today's small businesses are able to get involved with scalable solutions that give a limited set of functionality, but are robust enough to be deployed.

When narrowing a list of potential software packages, you will want to assess how they perform against the below six criteria.
  • receiving
  • putaway
  • order picking
  • packing and shipping
  • cycle counts
  • replenishment
Depending on the size of you needs, will depend on the scope and functionality needed. While more automation will drive additional savings and performance within the supply chain, the fixed cost of setup, and the ongoing cost of maintenance can make such programs prohibitive.

Here's a good video to watch about a Quickbooks offering.