Using software to track inventory is a necessity in today’s manufacturing and wholesale industry. And with the advancement of technology, many inventory systems are moving to the cloud, or where the actual database is stored on the Internet (servers) as opposed to in-house machines.
Here are the pros and cons of having an online inventory management system:PROS
Ability to access system anywhere – Because the actual system will be stored on third-party servers through the Internet, your inventory system can be accessed from virtually anywhere. This provides a great deal of convenience and flexibility. Using a service, such as Fishbowl Anywhere, allows to you to access your data via any mobile device as well.
Data preservation – With software installed on your computer, you’re at the mercy of your machine. If your computer fails then you could lose all of your data, if it’s not backed up properly. The beauty of cloud-based software is that it relies on advanced server infrastructure instead of your own machines. Most server-based solutions frequently back up their data. If your computer breaks, then you can still access your inventory database from another device. Cloud-based solutions have become much more secure, reliable, and resistant to security breaches.CONS
Relying on third-party infrastructure – The server infrastructure, though usually more reliable than the other option, can still malfunction. Some companies prefer to house their own systems to keep complete control over their hardware and data. This can cost significantly more with server costs and security engineers, but the proprietary security and control can be worth it to some companies.
Data not 100% secure – Data is not guaranteed safety at a data center; hacks and other problems can still happen. But that’s true of virtually any location where data is stored. Some companies prefer to house their own data and put security measures in place.
Fishbowl has stayed at the forefront of cloud solutions, and it integrates with QuickBooks Online, as well as Xero. This keeps both your accounting and inventory management data in sync and accessible from anywhere.
Fishbowl Manufacturing is now available on any device and from anywhere with Internet access, thanks to a new plugin called Fishbowl Anywhere. This is not a different version of Fishbowl with limited features or anything like that. It’s the complete desktop solution, which is now available through a wireless connection to the Fishbowl Server.
If you’re looking for an online inventory management solution, take Fishbowl for a test drive with a Free Trial or Demo. Our Inventory Specialists will help you get setup and answer any questions you may have.