Managing Inventory Through the Cloud

17 Jun 2020

The internet offers many advantages, such as the Cloud, that make completing daily tasks much more straightforward and efficient. Cloud-based computing, or Software as a Service (SaaS), allows you to store and access data through software built within the web. This technology brings critical operational data straight to your fingertips, whether you are in the office or on-the-go.

If you play a part in monitoring and tracking inventory at your facility, then you know how complicated and time-consuming inventory can be. Managing inventory through the cloud allows users to monitor current inventory levels, receive warning notifications and more using any device with access to the internet. If you don’t have experience with cloud-based inventory management, you should learn more about how you and your company could benefit. It is essential to understand advantages such as data security, scalability, and mobility of using cloud-based technology for remote inventory management.

“The Cloud” refers to software and data storage via the internet, rather than local storage. Cloud services access data through main web browsers such as Internet Explorer or Google Chrome. The cloud enables you to retrieve your valued inventory information from anywhere with internet access. Cloud computing also helps improve speed and agility and offers more affordable IT. Cloud-based inventory management systems perform the tasks of measuring inventory levels, distributing the information to all stakeholders and analyzing the data to help your business operate more efficiently and effectively. Learning more about this technology will give you peace of mind when storing your sensitive inventory data on the cloud rather than on physical servers.

Cloud-based inventory management software streamlines the inventory process. This technology allows you to manage a single silo or multiple silos across various locations without visiting each site. Specific user credentials enable your team members to only view the data necessary for their responsibilities. Therefore, employee time is freed, and managers have centralized real-time visibility.

Cloud-based inventory systems deliver accurate inventory insights that allow users to make proactive decisions based on precise numbers. Inventory audits are quicker, easier, and more efficient when performed remotely through the cloud. With instant inventory level updates through notifications on your desktop or handheld device, the company is better equipped to win inventory battles.

Demand forecasting is another unique aspect of cloud-based inventory. Remote inventory management systems analyze your data and create reports that allow you to make proactive data-driven business decisions. Incorrect stock predictions will lead to wasting cash in stock with low demand. The risk of human time and errors is dramatically reduced by bringing automation to your inventory routine. Altogether, cloud-based inventory management is essential because it saves your company time and money!

Whether your business is small or large, it is crucial that inventory data be accessible anytime and anywhere. Cloud-based software offers scalability because it does not rely on your hardware infrastructure. In other words, this technology can grow or shrink to meet your business’ demands. Upgrades are performed to software stored on the cloud routinely since the cloud is a type of virtual technology.

Due to its scalability, you can resize your software without the hassle of purchasing new equipment. When you store inventory locally, it may become difficult and expensive to expand to new functions. Most SaaS companies offer a variety of packages that scale up or down depending on your business over time.

Cloud-based inventory management tools provide remote visibility to view inventory levels at the click of a button. Improved visibility helps management track their inventory and stock movement from their desktop or mobile devices, keeping the team on task and holding each member accountable. This benefit makes cloud computing ideal for multi-location companies.

Downtime can affect the availability of your data, costing time and money. There is no need to worry about this when computing through the cloud. The latest technology and data redundancy work together to make the cloud continuously accessible. Also, your physical location is irrelevant because inventory management software runs through a web browser. Whether you are on site, traveling between sites, or sitting at headquarters, your inventory data is always safely accessible at your fingertips.

Engaging in business without encompassing the use of technology is next to impossible. Technology such as the cloud enables you to upgrade, enhance and optimize your inventory management process. Utilizing cloud storage provides remote inventory management systems with robust data integrity, minimizing downtime and the possibility of data corruption. Most importantly, it gives you full visibility of inventory, always.

Unlike the spreadsheets you are currently using, the cloud doesn’t restrict you to your desk. The cloud takes inventory management up to a whole new level. It is important to be educated and aware of the cloud’s benefits and how to implement the platform. Remote inventory management systems can do the heavy lifting of inventory for you. When done properly, remote inventory management will bring you a cost-effective way to store your inventory data and a peace of mind. Before settling on a software provider for your remote inventory system, be sure to do a little research.

Click here to download the AccuBin™ Inventory Management Brochure