Fishbowl, the #1 inventory management software for QuickBooks, offers multi-location tracking, manufacturing, barcoding and more. Also runs standalone for asset tracking. Inventory Management Software Quick Summary Inventory management software enables businesses with large volumes of physical products to keep track of those products through various stages along the supply chain. Features include product categorization, sales and purchase order tracking, electronic scanning and automatic ordering. Retailers can typically use scaled-down systems focused on maintaining perpetual inventory, whereas businesses with complex supply chains often use the inventory management functionality in. Benefits of Inventory Management Software While inventory can be tracked in Excel, spreadsheets only work for periodic inventory systems (i.e., inventory systems that are updated at intervals, say after stock takes). Inventory management software is necessary to enable a true perpetual inventory system, where inventory is updated continuously as sales are made and goods are received. Pricing Guide How Inventory Management Software Is Priced Typically, inventory management software is priced according to a number of factors. There are different pricing tiers for businesses of varying size, based on: • Number of users • Number of locations • Number of SKUs/products • Number of orders processed per month • Number of devices (client PCs, barcode scanners etc.) In addition, whether the software is hosted online or on-premise can make a difference in up-front versus recurring costs.
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