Imagine if you could magically save 3-4 hours of your valuable time each day that you spend on your excel sheets. These long hours that you utilize to fill and update your inventory status on these excel sheets can be cut down to simply one click! What will help you do this? Nothing, but an efficient inventory management software.
Suggested reading: What is inventory management?
An inventory management software is one which lets you relax while you go on making sales, as it will automatically keep updating the status of your inventory even while you are asleep.
Before choosing right inventory management software, let’s run through the important questions you should be asking yourself:
Question 1: What type of inventory management software does my business need?
The mode of operation of each type of business is different. For example, if you are running an apparel store, the factors you might need to update will be different from that of a restaurant business software. So, you must have a clear idea of what your concerns are.
The specific needs of the business must also be taken into consideration, for example, if you require software that helps print barcodes for your products, check if you get a software that provides you both inventory management and well as barcode printing. This way, you can enlist your business needs and search accordingly.
Question 2: Does this inventory management software integrate with any accounting software like Quickbooks?
Having integration of inventory management software with QuickBooks will solve the time-consuming task of having to update the accounting software every time you make a sale.
Integration with an accounting software will update you are financial, as well as inventory details automatically, thus striking off the possibility of any data entry error.
Quick Tip: Primaseller integrates with Quickbooks to take care of your accounting needs easily
Question 3: How easy is the software to use?
This software is not only used by you, but also by others among your staff. So, the software must be an easy-to-use one. It will be best if you choose a vendor that will provide you live demonstrations of working of the entire software. This will give you a clearer understanding of the product.
The software should be very user-friendly so that you can easily teach employees joining newly to your company.
Question 4: Is the software scalable?
As a business person, you might not be sure today, of what features you might require in the inventory management software in the future. Your business will keep growing, and so will your requirements.
If you are a brick-and-mortar store seller, you might plan to go online tomorrow, or vice versa. So, keeping all this in mind, you must choose an inventory management software that has the potential to scale up as and when you need.
Question 5: Is it possible for me to see the history of my inventory flow?
One aspect you must be very concerned about, as a seller, is how has been your brand’s performance till date, and what can you infer from it. Always, the history of your sales and its pattern will give you a very clear idea of where you went wrong and what you did right. This information should be closely and constantly monitored in order to better sales.
So, choose a software platform that will provide you with this information.
Question 6: How much am I willing to pay?
This might probably be the most important question you must be having in mind. If you are a small or medium business person, the budget you would be ready to keep aside for a software like this might not be too much. So, a fairly good amount of research about the market must be done, so that you find an inventory management software that will satisfy the features you want, and also fit into your budget.
Primaseller develops an inventory management software to help small and medium retail businesses. It will help you update inventory automatically even when you are not monitoring. Along with having relevant features like integration with accounting software like Quickbooks and Tally, and barcode printing, Primaseller also helps the retailer easily integrate his offline and online channels of sale easily.