For Inventory Pricing and Management, Choosing the Right Software is Critical

By July 11, 2017Asset Tracking, Blog

For Inventory Pricing and Management, Choosing the Right Software is Critical

Managing your inventory is complex, from tracking values to establishing pricing, so you need a powerful software to help you manage the task. Imagine trying to keep up with all of those moving parts using a manual system. That probably makes your head spin, but many companies continue to operate this way. It’s nearly impossible to stay on top of your inventory-related data using an Excel spreadsheet. In fact, the likelihood is that your records will contain errors. Whether it’s a typo, a missed detail or some other oversight, errors can and do happen. And they can throw off your record keeping, costing you money.

If you want to approach your inventory the right way, a streamlined, yet powerful mobile system is your best bet. Ideally, you want a system that connects everyone involved in the lifecycle of your inventory. Communication is vital, and it increases accountability and accuracy throughout your entire organization. And, if you’re seeking buy-in from as many stakeholders as possible, you need an inventory software that’s intuitive and user-friendly. When you’ve got everyone in the communication loop, you can keep all of your stakeholders up to speed on inventory levels, pricing, values, location and other fast-changing conditions that affect your bottom line.

Be on the lookout for an inventory pricing software that requires minimal startup effort to implement. The more streamlined it is, the easier it will be to get everyone on board. You don’t want to have to purchase additional hardware, software or expensive software licenses; nor to you want to have sit through extensive training to understand how it works. Watch for per-user fees, as well. If you’re looking to get everyone on board, that extra cost can add up fast.

Inventory management is about more than just minute-to-minute tracking; it’s also about diving deep into your data, examining trend and anticipating what happens next. Your inventory pricing software should empower you to make proactive decisions, not reactive decisions. Responding after the fact could cost you, customers. And, as we all know, it’s far more expensive to find a new customer than it is to keep one. Be on the lookout, then, for a product that enables you to do the analysis you need to make more informed financial decisions in both the short and long term.

Try Asset Panda free for 14 days, and you’ll soon discover why it’s the hands-down leader in the industry. The most powerful inventory tracking and management system in the world, Asset Panda is powered by free mobile iOS and Android apps that sync with the cloud. No additional hardware or software is needed – only the mobile devices you and your employees already carry. You won’t even need a separate handheld barcode scanner; a mobile barcode scanner is already built into the app. The app also syncs with the cloud, so your vital inventory data is served up in real time 24 hours a day. You can rest assured, then, that you’re making decisions based on timely, accurate information. You’re also entitled to an unlimited number of users at no additional cost. Asset Panda is not only feature-rich; it’s completely customizable, allowing you to organize your data in the way that makes sense for your business. And it’s incredibly intuitive. No special training is needed to master this powerful tool.

Track all aspects of your inventory from the palm of your hand – day or night. For more information about Asset Panda, or to start your free trial, visit assetpanda.com

 

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