According to the tech research giant, Gartner, worldwide public cloud services will grow from $209.2B in 2016 to $246.8B in 2017, representing an impressive 18% increase. Cloud computing itself is predicted to hit $162B by 2020. That cloud-based inventory apps are taking over inventory management all over the world is an open secret. Handling supplies, purchase orders, transaction records, and other inventory management tasks are now simpler than ever. All indications point to a future where established businesses and startups will heavily rely on cloud-based platforms for all their inventory management needs. This is not a question of “if” but “Why”. And here are the reasons:
Real Time Tracking of Inventory
Generating sales is important. And so is the ability to track inventory in real time so as to ensure the business runs optimally at all times. With an inventory mobile app like DataQlick, you will be able to receive instant updates on stock, payments, and shipping wherever you are. Gone are the days of rushing to the office for such updates. Apart from the traditional computers, software’s are compatible with smartphones, tablets, as well as portable PCs, making them all the more convenient.
Significant Reduction of Expenses
With cloud-based solutions, you will not have to hire a large IT workforce for your business. Service providers will be happy to take over the inventory management maintenance tasks at relatively smaller costs. In addition, your business won’t have to acquire expensive hardware since everything will be stored in the cloud. That way, it will be possible to plow most of the earnings back to the business, which is one of the easiest ways to achieve growth.
So many online marketing platforms have cropped up, indicating that an increasing number of potential customers are looking to buy items online. Looking at the growth enjoyed by platforms such as Shopify, EBay, and Amazon, we can only expect the trend to continue. You can use an inventory management app to track and harmonize transactions across multiple eCommerce platforms. Working with Xero, QuickBooks Online, and Sage can only get better.