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Why Small Businesses Are Investing in Cloud Inventory Management

Last updated: 13 Apr 2023

Migrating to a cloud solution is one of the quickest and easiest ways for a small business to get up to speed and begin running alongside and competing with bigger companies. In the past, only the richest companies could afford the latest software. But the cloud, with its subscription-based scalability, puts small businesses in the market for new technology.

This is evident in cloud inventory management. While many small businesses still manually count and monitor their inventory, many are recognizing that automated inventory management can save them a lot of time and money. The following benefits are common with the latest inventory management applications:

Accessibility: One of the biggest benefits of any cloud solution is the ability to access and update information from anywhere, anytime. Whether you’re attending a conference across the country or are out in the field with one of your employees, your ability to work with the system remains the same. This feature of cloud software allows your remote employees to access the same information that they would have in your office, improving their productivity and efficiency.

Visibility: If you’re selling products in a variety of ways, including on-site, on your website, or on a third-party website, it can be challenging to track your inventory. Add in employee theft or loss or supply chain problems and inventory management becomes a bit of a mess. Cloud inventory management allows you to see where your inventory is and identify a spike in orders for a specific product, and reflects any changes across all sales channels.

Reporting: Tracking how your inventory moves and obtaining real-time information is one of the challenges of inventory management. A cloud solution provides up-to-the-second details on your products, with options for in-depth analysis and predictive models. Whether you want to watch how a specific product is performing, set up a regular report to arrive over email to sales reps, or anticipate how your sales will move in the coming months, you can access these details in a cloud inventory management solution.

Integration: One of the major benefits of cloud technology is its ability to integrate seamlessly with other applications. This is not only a gain in the areas of efficiency and cost savings, but it also dovetails with employee satisfaction. Smartphones ushered in an era where seamless integration and a uniform experience have become the norm, and it has begun to feel awkward to click between separate systems to finish out a business process. Cloud technology provides an integrated workflow for end-users.

Investing in cloud technology is a way to transform your business and achieve new levels of innovation and collaboration. At BlackPoint IT Services, our complete cloud offerings help you streamline processes and reshape your inventory management. Contact us for more information.

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