Successful inventory management is one of the key factors driving business success, especially when it comes to retailers. However, inventory management isn’t something that every small and medium-sized business does properly. Reasons for this include an over reliance on spreadsheets and manual inventory management, and bad inventory habits, such as using sales data alone to manage inventory.

If you understand the importance of cost-effective inventory management, you should fully embrace an online inventory management system, such as a cloud app for inventory management, which doesn’t have to be installed on a computer but can be accessed online through a Web browser, and which usually comes with subscription-based costs. Inventory management system provider Tradegecko recently highlighted in a workshop at the Shopify Asia E-Commerce Festival the benefits of such a system:

  • Offers you the flexibility to perform inventory management from any location, even when you are on the go.
  • You can access data at any time, and from almost any device.
  • Compatible with mobile devices, enabling you to quickly check inventory levels and perform essential operations when you are not at your computer.
  • The cloud app inventory management provider has a team of IT experts who prevent disasters and offer technical support whenever you need it.
  • Helps you save costs in the long run by reducing operation costs and eliminating hardware upgrade and maintenance costs.
  • An online inventory management system gets updated periodically and ‘silently’, without any downtimes.
  • Compatible with all operating systems, including Windows, Mac, and Linux.
  • Makes collaboration work easier by storing all files in one central location and providing hierarchical file access based on user privileges.

Regardless of the type of business you run, if inventory management is one of the constant challenges you’re facing, a cloud app for inventory management is the best online inventory management system you can get, helping you boost your productivity and cut down costs.