If you make, buy, or sell product as a supplier, manufacturer, wholesaler, or retailer, your business can benefit greatly from a wide variety of inventory software features.If your business manufactures products made from parts, you may need serial number tracking to provide after-sale service on warranties.If your business manufacturers perishable products, you need to track expiration dates to ensure product you deliver to customers is always fresh.

If your business manufactures products using formulas or recipes, you need variable yields with decimal point quantities.

What Type of Inventory Management Database Features Matter to Your Business?

Tracing movement of inventory is difficult when data from one spreadsheet doesn’t connect to the data from another.

Departmental information is not suitable to provide when applying for a loan or seeking investors.

Accurate counts and courts in production may not be the same values in fulfillment.

Inventory value is different at different stages.

If an employee leaves the company, his or her replacement may be unfamiliar with the spreadsheet formulas.

Formulas can easily be transposed in a spreadsheet.

Manually entered digits are subject to human error.

There are several disadvantages to working with spreadsheet formulas: Instead of production tracking its costs of raw materials and labor separately from the warehouse storage costs, an inventory database integrates all inventory quantities and costs across the business in one place, so everyone has access to accurate information to conduct their own work tasks as needed.

Your business may be preparing for growth or simply discover that maintaining information on separate spreadsheets leads to data discrepancies from one department to another. For many businesses, upgrading one’s inventory management method entails a transition from Excel spreadsheets to an inventory database capable of managing all the business information in a single platform.

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