Small business owners know that there’s more to inventory management than keeping track of your products. It can feel like trial and error when to order stock, how much to call, and how much to sell it. But small business order management software can remove the guesswork and give you greater control of your business.
The best small business order management software will help you make better decisions by providing a visual dashboard with all the information you need in one place. You’ll be able to see your sales figures from multiple angles at once: top-selling items, slow-moving goods, seasonal trends – even what percentage of each product is sold online vs offline.
And because small businesses have different needs depending on where they’re located or what type of goods they sell, small business inventory management software comes in many other forms to accommodate all budgets and needs.
Why Do Small Businesses Need Order Management Software?
As a small business, it’s important to have order management software to make the most of your inventory. With the help of this software, you can track inventory levels, see what items are selling and need to be reordered, and adjust prices as required. This will help you run your business more efficiently and avoid running out of stock or overstocking on items.
Inventory is often the most expensive part of a company’s budget. Small firms don’t have much money to squander. Therefore, they can’t afford to waste it on idle inventory. That is why you should utilize an inventory system to assist you in ordering exactly enough items to avoid a shortfall or surplus. Lean inventory management entails ‘trimming the fat’ and maintaining a fluid supply chain.
Inventory management requires a lot of juggling and several reports to keep track of. Business owners must continually monitor how much inventory they have on hand, how much they will require, and how long it will take for new inventory to arrive.
Make use of technology to automate these time-consuming manual tasks. Small business inventory software enables managers to complete all of this in a fraction of the time it would take to do it by hand. You’ll be astounded at how much time you’ll save.
If you operate a small business, you may be tempted to save money by handling all your accounting and inventory management by hand or in Excel spreadsheets. However, you risk committing typos or other errors if you write or type orders by hand.
When you use barcode scanners and inventory management software, these mistakes are eliminated from your records. It also makes you more productive since if you know your inventory records are correct, you won’t have to perform time-consuming physical inspections on your inventory as frequently.
How Does Small Business Order Management Work?
Many small businesses use small inventory software to manage how much stock they have and when companies should order it. This is especially true for small businesses that sell items online. Many small inventory programs are available online, but the best small business order management software can make your life easier.
You’ll gain access to real-time reports on all of your assets (both physical and intangible), helping you understand what’s selling well, what’s not, and how much you need to keep in-store at all times. It also provides information about where products are stocked, so you know which outposts have been restocked by supply routes – this way, you don’t have to waste time making pointless trips.
Small inventory software is web-based; it’s easy to collaborate with your employees, no matter where they are or when they’re working. Many small business order management programs are inexpensive and offer flexible billing options, so you can get started right away without breaking the bank.
It’s also simple to integrate small inventory software into your company’s existing systems with APIs that make updating data quick and easy. With small business inventory software solutions, you don’t have to spend money on unnecessary hardware or hire IT professionals for help.
Is it too much “Technical” for you to understand? And you need some help? Then this blog post will be the light at the end of the tunnel or else, you can contact us directly through Eximias official website.
Top 5 Small Business Order Management Software Picks
Before you can know what small business order management software is best for your small business, it’s essential to be clear on your organization’s strengths – where does it excel?
If you’re unsure where to start, here are our top 5 small business order management software picks this year.
SalesPad is a small business order management software that can help you keep track of your inventory. With SalesPad, you can easily see what needs to be ordered, when needed, and how much needs to be ordered. This can help remove the guesswork from your inventory management and give you greater control over your small business.
SalesPad is one of the best small business order management software I have used. It helps keep track of inventory, sales, and purchase orders with ease. The interface is simple and easy to use, and it has helped me improve my business processes significantly. Highly recommend it!
Megaventory is small business order management software that can help you manage your inventory more effectively. It’s easy to use and can be customized to meet the specific needs of your business. Megaventory is an excellent solution for companies looking for an affordable and easy-to-use inventory management system.
When small business owners are looking for order management software, they want something cost-effective and easy to use. A small business owner should look for small business order management software that allows them to track inventory more effectively, manage customer orders more efficiently, and save time by simplifying how products are ordered.
When you have small business order management software in place, it can help you understand your customers’ buying habits better to restock your inventory accordingly. It will also allow you to focus on particular product categories or specific brands of clothing or accessories instead of having to keep an eye on every item in your store.
Megaventory is small business order management software that has been designed specifically with small businesses in mind. It is easy to use and offers small companies advanced automation features that help you spend less time tracking inventory, placing orders with suppliers, creating purchase orders, maintaining sales quotes, creating invoices for your customers, etc.
This small business order management software can pay for itself through increased worker productivity within a few months. You can find out more about small business order management software by visiting the Megaventory website at megaventory.com.
Brightpearl is a small business order management software that can help you manage your inventory more effectively. With Brightpearl, you can keep track of your products, order stock, and sell it at the right price. This can help remove the guesswork from inventory management and give you greater control of your business.
Brightpearl is primarily intended for e-commerce, multichannel retail, and wholesale companies. This implies that the system is jam-packed with focused capabilities, with no extraneous functionality obstructing your operations. It features strong inventory management capabilities and effective demand planning, providing real-time multichannel inventory changes and precise demand forecasts.
It is also more than just inventory management software. It is a Retail Operating System that simplifies and automates all essential post-purchase processes, including inventory and order administration, logistics, and accounting. It also provides hyper connection, allowing you to curate a constantly changing roster of cutting-edge tools via its Plug & Play integrations, certified partner network, and quick, open API, allowing you to develop confidently.
Here are three game-changing capabilities Brightpearl has to take your inventory management to the next level.
Automation Engine based on rules that allows you to construct automation rules in a few clicks to suit your specific demands. It automates all of the time-consuming but crucial operations, such as multichannel order processing, multi-location inventory allocation, partial fulfillment, dropshipping, order splitting, invoicing, and more. As a result, you don’t have to be concerned about increasing order volumes. Brightpearl clients save an average of two months every year.
The Integrated Demand Planner provides Data-driven replenishment suggestions. It automates demand forecasting based on past sales data, taking seasonality, out-of-stock periods, and promotions into account for maximum accuracy. So you can say no to time-consuming and error-prone spreadsheet forecasting.
Advanced reporting and business analytics that provides a 360-degree perspective of your organization. To acquire a genuine insight into your business’s success, you may easily report on your sales channels, goods, customers, suppliers, and marketing efforts.
Cin7 provides an integrated inventory management system that connects all parts of your organization, from items and sales channels to stock locations and workflows. Cin7 gives your managers the tools they need to run your firm, including operations, sales, accounting, and warehousing.
It has over 550 connectors, allowing you to create processes to fit your everyday needs. Having all of these connected to your system means that everyone receives a real-time view of where your inventory is, allowing for increased efficiency throughout your marketplace as well as EDI connections to seamlessly connect tools across your IT stack.
However, when your order volume develops, CIN7 may become cumbersome since the integrations cannot always share data quickly enough, resulting in delays in order processing and inventory changes.
Cin7 also has a considerable disadvantage in terms of client service, particularly in terms of implementation and technical assistance. If you have a unique workflow, you may encounter poor implementation and sluggish replies from the support team.
This might be aggravating, especially if you have a big problem that has to be addressed. Brightpearl, on the other hand, boasts a 97 percent deployment success record and provides prompt customer assistance 24 hours a day, seven days a week, so difficulties can be resolved no matter where you are on the globe.
Zoho delivers several tools for small companies and frequently appears on our best-of lists due to its excellent value for money. Zoho Inventory allows you to manage several warehouses, as well as e-commerce and purchase orders.
The system has comprehensive bundling and kitting tools for merging several SKUs, is adaptable to many types of enterprises and use cases, and has an easy-to-use interface. Except for Orderry and EZRentOut, it is the cheapest of the inventory systems on our list, and it is the only one that offers a permanent free plan that is ideal for minimal use.
Zoho Inventory received the highest rating (4.71 out of 5) of any inventory management software evaluated. The warehouse management system achieved flawless grades for its inventory capabilities and user-friendly program. It was placed second in terms of price. While it received a perfect score for the features we searched for, you can find more particular tools in Agiliron, Override, and Katana, which impacted its score along with restricted customer service hours.
With small business inventory management software from one of these small business order management software companies, you’ll be able to achieve things like:
- Manage your whole operation from a single platform.
- Access company and customer data on the go with mobile-responsive interfaces.
- Run reports and analytics at any time and use this insight to inform your small business decisions.
- Create unlimited dashboards with multiple views of key performance indicators (KPIs).
- Receive automatic updates on stock levels, so you know when it’s time to reorder.
Juggle orders coming in from different channels such as online, catalog, retail stores, and more. And much more! Each small business inventory management software has an additional small business order management software feature set depending on small business needs.
The best small business order management software should allow you to manage all of your small business accounting, inventory, customer relations, and other small business information all from one platform.
How To Select The Best Small Business Order Management Software?
So you’ve done your research on inventory management solutions and determined that now is the time for your company to invest in one. Great! How do you then go and select the finest one for you? There are a lot of factors you should consider.
The first step is to determine your major and secondary needs. What tasks do you wish to delegate to a software solution the most? Everything, of course, centers around your inventory. After all, inventory is one of your most precious assets, which generates money. As a result, any system must provide you with effective inventory management and tracking choices.
After you’ve developed a list of your needs (in order of importance), you should look at what features each solution has to offer and how they connect to those demands. It is also essential to analyze the solutions’ integrations at this level. You can consider one that has virtually everything you need but lacks one feature: Then you realize you can incorporate a tool that meets your needs.
Many solutions will provide numerous integrations with their product, so pay close attention to that portion of their website. Ensuring integrations are implemented and supported in-house might help you avoid problems with defective integrations and bad customer service later on.
Inventory management is maybe the critical area for automation. Both your products and your consumers are the lifeblood of your business, and bringing them together correctly is essential to the success of your online store. If consumers are dissatisfied that a product is out of stock, they will search for another firm to offer their business to.
Losing clients due to stockouts or understocking means more than missed revenue; it may be detrimental to your brand’s reputation if customers see you as unable to deliver what they require. While manual inventory management may work well for small firms or startups, it becomes clumsy and inefficient as the business grows.
Choosing the best inventory management software for your company’s needs is a critical choice. With such a diverse set of capabilities, the necessary integrations, and unsurpassed automation. If you have no idea how to choose the suitable one, so, this article is written for you:
Knowing that many of your inventory-related activities are automated and effectively managed by Eximias Gmbh gives you the confidence to devote your time and resources to other aspects of your company’s operations areas such as identifying chances for expansion and growth, introducing new items or product lines, and boosting your profitability are all covered.
Eximias Gmbh can take your company to the next level
Eximias Gmbh is a business that specializes in small business order management software. We provide small and medium-sized businesses with the tools to manage their inventory and orders, as well as customer data.
Eximias Gmbh offers its customers an extensive range of services for managing their inventory, such as:
- Automated ordering processes
- Inventory optimization based on demand forecasts
- Scheduling production efficiently
The company has been able to grow quickly due to its highly intuitive technology which can be used by anyone who’s ever ordered something online or from a catalog before.