The inventory management process is one of the most pivotal aspects of businesses with products coming in and out at a high rate. Even for the smallest of businesses, properly managing your inventory without taking up a large portion of your day can be a struggle many companies fail to get right.
We live in a time when there are automated solutions for almost everything. This is especially true for tasks that are repetitive and have a relatively routine nature. Anyone that’s done inventory tasks by hand can speak to having thoughts similar to or exactly “there’s got to be a better way to do this”.
Luckily, M.O.M. is a software suite that allows you to set rules, boundaries, and notifications that you need so that you only have your eyes and input on a few things as opposed to 1,000 different inventory items individually.
Why Invest in Automated Inventory Management?
Very often, online retailers who are evaluating an inventory management solution for the first time, realize the need to automate their order and inventory processes to not only alleviate the headaches and inaccuracies associated with manual processes but to position themselves to continually grow their business.
Once a business reaches a certain level of orders it can become difficult, to put it lightly, to keep up. The only real solution so as to not fall behind competitors is to look into what options are available in the software realm.
If these problems are all too familiar to you then you might be in need of an upgrade. Your time is precious and using it all on manual processes doesn’t allow room for growth. Spreadsheets nor accounting software were designed to manage inventory and will only support your business growth to a certain extent.
Most Valuable Inventory Management Features
For the most part inventory management starts with the basic needs for most. Having a systematic way to truly manage and control your inventory across all your sales channels without any human errors getting in the way.
No longer will you have to worry if your “spreadsheet formula genius” employee is working today to figure out something for you. Nor will they ever have to have a headache trying to figure out the logic of what you want to create. With a tool like M.O.M., all of the advanced logic and features come built-in.
Those running a slightly more complex organization from an inventory standpoint are in search of a solution with more advanced features like barcoding and scanning, demand forecasting, drop shipping, lot tracking, and kitting.
And because there is still a need for an accounting solution to complement your inventory management solution, ideally retailers would like to find two of the best solutions that can seamlessly integrate with each other.
Since many small to mid-size online retailers use QuickBooks for accounting, an integration to QuickBooks is an attractive feature to offer. This enables retailers to easily post to their General Ledger account and keep track of all their other business expenses outside of inventory.
The Takeaway
Advanced professional-grade inventory management software should be able to handle all of the common hardships and procedural tasks that businesses face on a day-to-day basis.
Additionally, they should also be flexible enough to work with your unique situation and develop solutions that work for you in a responsive manner.
Freestyle’s MOM is cutting-edge software that is here to help you with your order and inventory management needs. With staff standing by to answer any of your questions big or small. For an even deeper look into how our system works, we encourage you to take a look at our 100% free demo.
Thank you for taking the time out of your busy day to read this we look forward to working with you and hope you have an amazing rest of your day!
