What is an Inventory Management System?
An inventory management system (IMS) is a software solution that tracks inventory in and out of a warehouse. This software perfects the basics of pick, pack, and ship.
A strong inventory software platform provides a feature set that includes barcoding and reporting. The system should also give users visibility into the location and amount of inventory on-hand. Additionally, reporting features can give you access to the data needed to make better forecasting decisions. This is especially important as you prepare for peak season.
Why do you need an Inventory Management System?
Having a handle on your inventory is invaluable. When it comes to the success of your company, an inventory management system can give you all of the tools you need to grow. A simple inventory tracking solution reduces lost or excess inventory. This software can push quantities in your warehouse out to reflect online listing quantities. An inventory system is a great first step in growing your business.
How SkuVault can help organize your inventory
SkuVault is an all-in-one solution without the all-in-one price tag. Daily warehouse tasks like cycle counting, picking, and shipping, are made easier with SkuVault. Other supply chain tasks such as sourcing, re-ordering, and expanding to new marketplaces, are streamlined with SkuVault’s automated features. Your business is sure to stay organized and on track. Never worry again about running out of a product unexpectedly. With SkuVault’s tracking capabilities, reporting features, and easy-to-use interface, your products will always be tidy, fully stocked, and easy to find.
The inventory management feature has defined our inventory. We know exactly where to look, where we can find our inventory, how much we have on hand, and that alone is worth the price we’re paying.Grace and Lace