Seven Factors to consider When Selecting Inventory Software

Getting a small company off the floor is a whole lot of work, so it’s smart to choose your tools carefully. Inventory management is an important a part of any retail operation, and thankfully there are lots of cloud-based software programs readily available for an acceptable cost. What features should to consider? Listed here are seven essential factors to consider in top inventory keeper:

Table of Contents

1) Integrations

When selecting your Inventory software, it’s vital that you make certain it offers the Integrations your organization needs. When i state “Integrations,” I’m speaking about the opportunity to interface with 3rd party platforms. As the listing of different add-ons really is limitless, you’ll need to see that there’s support for all those following categories that apply:

  • eCommerce: Do you intend on conducting business through Amazon . com Marketplace, Etsy, eBay, as well as other online market? Make certain your Inventory solution integrates using these sales channels before pulling the trigger.
  • Shopping Cart Software: Some retailers handle sales via a shopping cart software (e.g. Shopify, Volusion, Lemonstand) that’s incorporated straight into the website. Integration will help you to sync orders, stock, and purchasers information involving the cart as well as your Inventory software seamlessly.
  • Accounting: A plug-set for your accounting software could save you getting to by hand import profits data each time you want to capture phone books.
  • Shipping: If you utilize an application-based shipping solution (like ShipStation or ShippingEasy), the correct Integration will help you to easily send shipping information out of your Inventory software using the mouse click.
  • Payment Processing: Support for payment portals like Square, PayPal and Stripe could make things easier for you and your customers.

Bear in mind that many software companies are likely to advertise Integrations like a key feature. It’s your decision to make certain those they provide match the threerd party software you utilize.

2) Variants

Does your organization make multiple versions of the identical product? Possibly you’re a clothing brand that does different sizes and colors of the dress shirt. Or possibly you’re a boutique guitar manufacturer offering both a typical along with a luxurious form of your flagship design. Within this situation you’re likely to need support for Variants.

Not every Inventory software programs do this (ClearlyInventory is a good example of one which doesn’t). If that’s an offer breaker, then be conscious when you are looking around.

It’s also wise to search for the opportunity to specify different groups of inventory (e.g. retail, wholesale), just in situation that’s essential for the company.

3) Contacts

One of the most helpful features I have seen in Inventory software programs are the opportunity to store contacts. This enables for purchasers, vendors, retailers, distributors, manufacturers, and suppliers to become indexed and rapidly remembered if you need.

Some software programs (like StitchLabs) may even permit you to upload and store documents for every contact, for example purchase orders, invoices, and resale licenses. By doing this they’ll be simple to find in the long run.

Managing contacts is really a effective feature that streamlines the Inventory finish of the company. Search for it inside your solution.

4) Reports & Analytics

Companies today depend on Reports and Analytics increasingly more to gauge where they’re at where they’re headed. A great Inventory solution includes robust Reports/Analytics tools that may be utilized easily which don’t need a Ph.D in financial aspects to know.

The opportunity to create custom reports is especially helpful. If you are crunching a large number of rows of information, you’ll want so that you can trim body fat and the main focus on variables that matter. Any Inventory solution with credibility includes this capacity at no extra charge.

5) Support Options

This category, in my opinion, is a that’s frequently overlooked by small company proprietors when they’re getting began. While searching for an Inventory solution, it will likely be worth your time and effort to sit down lower and think about what you need from the support perspective. Be truthful. Are you currently good with software? What about accounting? Are you currently comfortable receiving email-only support, with 24-hour turnaround occasions? Does live chat meet your needs, or do you want an appointment to become comfortable?

Support hrs are another factor to think about. Small business owners are busy running their business throughout the daytime, and also have to depart secondary tasks like software setup/configuration for that morning hours or late evening. In case your provider’s customer support is just available 9 to 5, Monday through Friday, that may present an issue.

One further factor to vet is if the company outsources their customer support. Many consumers prefer to get support from the team located in their region around the globe. If it is you, then make certain to obtain a firm answer in the telemarketer about this point before placing the transaction.

6) Custom Views

Another valuable feature in software programs are the opportunity to create custom views. Custom views permit you to produce a workspace that displays only information you specify, organized in a manner that is sensible for you. This selection is extremely searched for-after in pro-grade applications, since the benefit they are able to supplment your workflow and efficiency is gigantic. If you are considering spending considerable time together with your Inventory software, then Custom Views are very useful.

7) Multiple Locations

With respect to the kind of company you take, you might need a solution that supports multiple locations. Let’s if you have both a store along with a warehouse (or perhaps a storage space, or perhaps a garage, etc). For the reason that situation, you’ll wish to differentiate between your locales. Otherwise, things will likely get confusing, and you may get bogged lower creating an advertisement hoc workaround inside the software.

Conclusion

You’ve most likely observed which i didn’t address cost within this writeup. That’s something you’ll need to suss out while you look around. Fortunately we have a summary of our best Inventory software programs, together with prices, which you can use like a reference. In an ideal world, there’d be considered a software program which had every feature, top-notch support, along with a rock bottom price. This isn’t an ideal world. However, should you take time to consider what features you must have and weigh that against what you’re wiling to invest, I’m certain you’ll find something which works for you. Happy hunting!

Jon Titterington

Jon Titterington is really a author from La, California. He first began employed in tech in the year 2006.

Jon Titterington

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