Inventory management software is designed with the purpose to monitor inventory levels, sales, orders, and deliveries. At the same time, it can be applied by manufacturers to pull off production-related documentation such as work orders and bill of materials. Businesses take advantage of this software to avoid overstocking of products and outages. This software is a whole new level of organizing inventory information in comparison with spreadsheets or paperwork. Inventory management software can be compared with distribution software because of helping distributors tie up less money in inventories, putting them in a better position than their competitors. The top features of inventory management software list order management, asset tracking, service management, and product identification. The advantages of inventory management software enlist reduced expenses, enhanced efficiency, warehouse organization, upgraded data, secure data, and following 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.