{"id":1838,"date":"2021-08-25T11:49:58","date_gmt":"2021-08-25T15:49:58","guid":{"rendered":"https:\/\/www.sage.com\/en-us\/blog\/?p=1838"},"modified":"2025-04-24T10:56:14","modified_gmt":"2025-04-24T14:56:14","slug":"8-business-needs-inventory-management-software-satisfy","status":"publish","type":"post","link":"https:\/\/www.sage.com\/en-us\/blog\/8-business-needs-inventory-management-software-satisfy\/","title":{"rendered":"8 benefits of small business inventory management software"},"content":{"rendered":"
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\n\t\t\t\t\t\t8 benefits of small business inventory management software\t\t\t\t\t<\/h1>\n\t\t\t\t<\/div>\n\n\t\t\t\t\t\t\t\t\t

\n\t\t\t\t\t\t\t\t\t\t\t<\/p>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t<\/div>\n\t\t

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\n\t\t\t\n\t\t\t\t\"\"\t\t\t\tJohanna Brown-Lyons<\/span>\n\t\t\t<\/a>\n\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t<\/div>\n<\/div>\n\n\n\n

How are you currently managing your small business inventory?<\/p>\n\n\n\n

Many businesses rely on spreadsheets for stock and inventory information<\/a>. But spreadsheets aren\u2019t really designed for inventory management. For one thing, it requires manual updating \u2013 which is both time consuming and error prone.<\/p>\n\n\n\n

Without real-time inventory data, it\u2019s harder for you to accurately forecast your inventory needs. Getting caught short with stockouts can lead to lost sales opportunities and disappointed customers. Having too much inventory on hand increases capital carrying costs and storage costs as well as erodes profits.<\/p>\n\n\n\n

This is where small business inventory management software, like Sage 50cloud<\/a>, can help.<\/p>\n\n\n\n

In addition to improving forecasting and the order quantity process, inventory management software<\/a> makes it easy to share real-time inventory status with various teams, such as sales and production.<\/p>\n\n\n\n

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Boss your finances with Sage 50cloud<\/h2>\n\n\t\t\t\t\t\t\t\t\t
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Enjoy less admin, more automation, simplified payroll, and get paid faster with Sage 50cloud.<\/p>\n

 <\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\tTake a test drive today!<\/a>\n\t\t\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t\"woman\t\t\t<\/div>\n<\/div>\n\n\n\n

Below are eight benefits to consider when evaluating inventory management software for your small business.<\/p>\n\n\n\n

Connect front and back-end systems<\/h2>\n\n\n\n

How great would it be to give your marketing, sales, finance, and legal teams transparent and up-to-date data about inventory as it relates to each of their functions and each of your customers?<\/p>\n\n\n\n

Inventory management software can do that by displaying information and access points related to your company’s inventory items. That includes a summary of item information, access to recently used inventory reports, and a graphic analysis of how the cost of sales is trending.<\/p>\n\n\n\n

In addition, software makes it easy to perform a specific task by displaying a clear inventory management flow<\/a>.<\/p>\n\n\n\n

Go beyond quantities on hand<\/h2>\n\n\n\n

Many small businesses (especially small manufacturers) need to process large quantities of information about individual inventory items or services.<\/p>\n\n\n\n

Here are some key tasks inventory management software can help with:<\/p>\n\n\n\n