The Appeal of Cloud-based Inventory Management for Better Tracking and Control
Efficient “Inventory Management“ is predicated on (1) knowing what products to have available at any given point in time, (2) where those products are located in your warehouse(s) and (3) keeping adequate on-hand inventory so as to prevent “OH NO” experiences. Fine tuning your inventory management system entails analyses of your venture’s current needs and your plans for the future. If your expectation is that the venture will grow, you would be wise to determine if your inventory management system will be capable of handling new and more complex tasks inherent in that growth. Ask yourself and staff members if the extant system has adequate flexibility to adapt to the change.
Traditional on-premise Enterprise Resource Planning (“ERP”) systems and less advanced systems like QuickBooks usually do not provide the so-called “real-time visibility” needed to manage inventory effectively in today’s distribution environment. A consensus is growing that “Cloud-based” inventory management is a very attractive alternative to (a) manual approaches to inventory management or (b) in-house ERP. Experts agree that the best “Cloud” systems provide “real-time visibility” into inventory, with virtually instant access to related information. It can function at the core of an ERP system, integrating seamlessly with demand planning, financials and logistics. Automated capabilities can (a) eliminate manual inputs and (b) optimize efficiency in the inventory lifecycle. The consensus conclusion is that scalability, flexibility and visibility are the three critical elements in the integrated approach to inventory management available in the Cloud.
Can you ensure that your inventory management system can keep pace with your venture’s future growth? The correct Cloud inventory management system will keep pace with your venture’s growth. Unlike most conventional inventory management systems, the Cloud makes it easy to add users, functions, warehouses and suppliers without the costs and man hours inherent in implementing a new on-premises system. That is because a Cloud system lets the user select the proper right level of inventory management sophistication for the user’s requirements your business or industry. It lets you use only the functionality you need, without needless complexity. As your business grows, Cloud inventory management can grow with you by offering more advanced features and virtually unlimited capacity for more users and information.
Typically, business growth necessitates changes in processes and procedures. Some future changes may impact your inventory management system. Is your current system sufficiently flexible enough to adapt easily to process changes? A Cloud-based inventory management system designed to provide ample flexibility allows the user to define specific business processes into the system. In addition, a Cloud-based ERP system with inventory management offers flexibility for the user to implement customizations and specific business rules that support the user’s unique requirements.
In-house/On-Premise and On-Demand/Cloud ERP With Inventory Tracking, Control and Management Solutions
Why do so many small and midsized companies rely on Cornerstone for inventory management solutions and technical support service? Simply stated, our level of experience is outstanding. Cornerstone Consulting has been providing state-of-the-art business software systems, as well as related technical support, to small and midsized manufacturing and wholesale distribution enterprises for more than thirty years.
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If you’re looking for a superb software consulting, web development, and IT firm specializing in business automation, you’ve found the right company. You can rely on Cornerstone to provide superior software products, related services and technical support for all areas of your small or medium sized business, such as: financial accounting, operations, customer relationship management, sales, inventory control and tracking, warehouse management, e-commerce, and more. Cornerstone’s “dream team” of programmers, trainers and consultants specialize in providing our Manufacturing, Wholesale Distribution, and Online Retail clients with optimal business process configuration, integration and automation.
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