According to a study conducted by research company Software Advice, a whopping 96 percent of companies looking to purchase inventory management software are first-time buyers.
Software for the Long Term
That makes sense. You want this to be both the first and last time you purchase inventory management software. Only a small number of companies wind up going back and looking for a replacement for their outmoded inventory solution.
Having to purchase new inventory management software after just a few years is an expensive and time-consuming proposition. Companies should do thorough research to find a flexible solution that can meet their needs in the short term and long term.
Fishbowl Manufacturing and Fishbowl Warehouse fit that bill. They offer flexible inventory management features that can grow as a company’s needs increase. That way, you don’t have to learn a new system every few years, but you can stay with the same one and simply add new functionality when you need it.
Replacing Old Inventory Management Methods
The study also found that before they purchase inventory management software, these organizations use the following tools to keep track of their inventory:
- 36 percent use QuickBooks or other accounting software
- 35 percent use Excel or other spreadsheets
- 14 percent were using an ERP or something similar
- 11 percent use a pen and paper
- The rest don’t have a method for managing their inventory
Fishbowl Manufacturing and Fishbowl Warehouse have a lot to offer potential buyers in each of these categories.
- They are the No. 1 manufacturing and warehouse management software for QuickBooks users
- They can import data from Excel spreadsheets and also export data into spreadsheets
- Fishbowl is much cheaper than an ERP, but it can do pretty much everything that a small or medium-sized business needs, especially with its QuickBooks integration
- Fishbowl saves a lot of time by automating ordering and other inventory management processes, and it keeps records accurate and updated
- If a company has no way of managing its inventory, now is a good time to start with a powerful software solution that can serve them for years
This is the first in a series of six blog posts where I’ll be talking about what buyers are looking for in inventory management software, based on a study by Software Advice. Come back next week for the second part when I’ll talk about best-in-class vs. integrated inventory solutions.
Robert Lockard is a copywriter with Fishbowl. He writes for several blogs about inventory management, manufacturing, QuickBooks, and small business. Fishbowl is the #1-requested manufacturing and warehouse management software for QuickBooks users. Robert enjoys running, reading, writing, spending time with his wife and children, and watching movies.