What is cloud inventory management?
The term "cloud inventory management" refers to the act of managing inventory across a network of computers and devices on a remote server. This process allows enterprises to streamline their supply chain processes, improve performance, and increase visibility. In addition, companies are able to minimize risks associated with managing inventory remotely by providing more reliable data security and greater control over data access.
The Top 5 Cloud Inventory Management Solutions on Market Today
What is Cloud-Based Inventory Management?
Cloud-based inventory management is the monitoring and maintenance of a business's inventory levels using online software. Enabling businesses to avoid many of the errors and issues that arise with traditional methods of measuring stock levels, Cloud-based inventory management seamlessly keeps track of inventory coming in and going out of your business.
Traditional inventory management systems are time-consuming and require a lot of resources. Plus, it is prone to human errors. On the other hand, cloud-based inventory management allows small business owners to track inventory and improve efficiency by reducing the time taken and errors and requiring less manpower. Cloud-based inventory management software allows business owners to eliminate human errors and improve efficiency, allowing them to grow business profitability.
How Is Cloud-Based Inventory Management Software Essential?
Cloud-based inventory management software is crucial in today's fast-paced business environment. With cloud management of inventory, you can access all your inventory information at your fingertips. You can generate sales reports and purchase orders, perform audits, and access stock history across multiple locations with one click on your desktop or mobile. Cloud-based inventory management software updates stock levels continuously, allowing you to know the exact number of stocks you have. Cloud-based inventory management systems are crucial for small businesses that deal with perishable goods like food and beverages companies.
Managing inventory is not easy, and with the introduction of cloud-based solutions, it’s become even more difficult
Zip Inventory’s list of best cloud inventory management solution will help you in your business
5 Top Cloud Inventory Management Software
cloud inventory is fast becoming a more popular option for businesses. Cloud-based software can save time and money while also providing better performance. Cloud inventory management software can help you keep track of the inventory that your business has, as well as provide you with real-time notifications and reports.
Here are five top cloud inventory management software to consider when choosing cloud-based inventory software for your business.
1. Quickbooks Commerce
Quickbooks Commerce is a cloud-based inventory and order management software that caters to small to medium businesses that deal in eCommerce and wholesale. The inventory control software has a mobile app that allows users to take stock and receive stock. It comes with barcode scanning features that allow printing barcode labels of pick-pack-ship items. Quickbooks Commerce reduces product recall through order fulfillment and control of expiring stock. It allows creating and editing tracked batches that are effective in transferring stocks, receiving stock levels, and adjusting stocks. Its accounting software feature integrates with inventory and order management systems and provides automation of the invoicing process. Quickbooks Commerce includes an integrated customer relationship management (CRM) tool that records data related to billing, purchase orders, sales orders, product serial number, and customer and supplier information.
2. Cin7
Cin7 Inventory Management is an easy-to-use, cloud-based inventory management system that comes with an integrated point of sale solution that is perfect for wholesale and distribution businesses. The POS solutions include barcode scanning, cash drawers, receipt printer, and payment systems. Cin7 provides real-time asset tracking functionality that allows small business owners to track inventory by shipment and location. Business owners can manage stocks at multiple warehouses by assigning fixed zones and bins. You can also request inventory order and purchase order receipts from pick-and-pack partners. Cin7 inventory software allows you to create exact stock levels through the sales forecasting feature. Its smart reports feature allows business owners to create sales orders, purchase orders, production jobs, and much more.
Managing inventory is a tough job
Zip Inventory’s list includes solutions for inventory management in the cloud that are easy to use and provide excellent results
3. NetSuite ERP
NetSuite is a comprehensive, cloud-based inventory management software that provides inventory and supply chain inventory management tools. The inventory software is suitable for customer relationship management, financial management, automation of professional services and commerce marketing, and management of human capital, among many more. Plus, NetSuite ERP provides inventory management solutions for service and software companies, retail and manufacturing businesses, and wholesale and distribution enterprises. NetSuite ERP is a unified Enterprise resource planning software that includes a real-time dashboard that provides end-to-end visibility. The Cloud Inventory software provides inventory order management features that include order fulfillment and costing tools with several supply chain management features like inbound and outbound management, warehousing, inventory management, and distribution management. Its order management functionality streamlines order processing and reduces errors for seamless order fulfillment. NetSuite ERP provides business intelligence features that integrate sales and finance teams that streamline order processing.
4. Fishbowl Inventory
Fishbowl Inventory is an easy-to-use cloud-based inventory management system that is a perfect solution for small to medium wholesale distribution companies. It provides asset tracking functionality that allows organizing and monitoring of asset levels and determines input levels of raw materials. Its main features are material requirement planning, inventory control, and work order management. The inventory management system integrates with shipping and e-commerce merchants as well as CRM systems like Magneto Salesforce, and Shopify. You can operate multiple warehouses, monitor expiry dates, track shipments, and set reorder points with Fishbowl Inventory. Its order management features allow users to set pack-and-pick for warehouse items and document incoming products into the warehouse. Fishbowl Inventory provides comprehensive supply chain management functionality that allows users to track real-time inventory movement from the point raw materials enter the warehouse till they go out as finished products.
5. Finale Inventory
Finale Inventory is intuitive, cloud-based inventory software designed for high-volume multi-channel e-Commerce and warehouse management. It is a comprehensive inventory management software that integrates multiple sales channels and includes wireless barcode scanning, reporting, and warehouse management features. Finale Inventory is a centralized inventory management system that allows users to control inventory at multiple warehouses. Its advanced reordering feature allows users to set reorder points effectively, making it a perfect solution for a growing business. Finale Inventory provides mobile barcode scanning integration that helps in developing tables for product lookup. Its web-based inventory management system allows users to manage inventory through real-time Cloud Data consolidation. Finale Inventory calculates inventory levels, provides reporting and analytics of consolidated data, and creates purchase orders.
Managing inventory is a tough job
Zip Inventory’s list includes solutions for cloud inventory management that are easy to use and provide excellent results
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Frequently Asked Questions
What is cloud Warehouse Management system?
A warehouse management system is software that manages the complex logistics of warehouses and distribution centers. This includes receiving, storing, shipping, and tracking the inventory in order to ensure that the warehouse is always running efficiently. Warehouse management systems are not only used to manage a single warehouse; they can be used to help manage multiple warehouses in different locations. In addition to managing inventory, this software also helps with forecasting, organizing work schedules, and even time recording. Warehouse management system software is meant for people who want their business to run smoothly and efficiently.
What are the benefits of recording inventory in the cloud?
When you are running a business, it's important to keep track of your inventory. This can be difficult and time-consuming if you have to record it all yourself. But with the addition of cloud technology, that can now be accomplished easily. With digital inventory management software, you no longer have to spend your time on mundane tasks like recording inventory in the cloud. You'll also benefit from how easy it is to share data with your team or even customers.
What is SaaS inventory management?
Software as a Service (SaaS) inventory management is the process of managing your company's core product offerings. The key to successful SaaS inventory management is to set up an effective, efficient, and automated process for creating, updating, and deleting products. This process needs software that can manage SaaS products on the backend and one that allows you to update certain features of your product easily. It's not just about managing the products either; it's also about setting up your pricing strategy so that you're making the most out of your potential revenue.
Can cloud computing manage inventory and shipping?
Cloud computing is a term we're all familiar with. We use it in our everyday lives, as well as when talking about technology and software. But what is cloud computing? Simply put, cloud computing is the ability to store and access data on remote servers managed by a third party. This allows us to have access to our data any time, anywhere, from any device. In order for businesses to keep up with the increasing demand for their products, they must take the digital route. One of the ways that businesses can handle this is by managing inventory and shipping through their own digital cloud system. With more retailers offering free returns and companies beginning to use e-commerce platforms, it only makes sense that businesses are moving toward cloud computing solutions.