Inventory management software can be used to monitor inventory levels, sales processes, orders, and deliveries. At the same time, it can be used by manufacturers to generate production-related documentation as for instance schedules and material bills. Businesses make use of this software to evade overstocking of products and outages. This software is an improved way of systematizing inventory data compared to spreadsheets or hard copies. Inventory management software comes in line with distribution software because of helping distributors stuck less cash in inventories, thus giving them an edge over competitors. The main capabilities of this software include order management, asset tracking, service management, and product identification. The strong sides of this software come down to lower costs, enhanced efficiency, warehouse organization, updated data, data security, and revealing trends.
To select a suitable SaaS provider you need to consider vital criteria such as privacy and security, support and service, and transparency.
Find out if the vendor can be trusted with data security and privacy. Do they have processes in place to protect your sensitive information and data? Find about the security measures they use. This is an important element of a SaaS solution that cannot be over-emphasized.
It is essential that the vendor provides reliable support to resolve any issues quickly. Ask your potential vendors the following queries: Do they provide consulting and training services to help your employees to use the system competently? Do they have an online support center that has useful articles and training resources? What channels of support do they provide? Do they track issues till they are resolved? Is customer satisfaction measured?
Does the SaaS provider conduct their business in a transparent and open manner? You can find out by asking them for references you can contact. Talk to existing users of the solution to learn about the quality of service provided. Does the vendor make public the algorithms they employ in the program? Ask these queries to find a SaaS vendor whom you can trust with your confidential customer and business data.