Name at least three inventory management software programs to help small to medium-sized companies manage their inventory.
1. Why would a company want to use such software?
2. What would be your approach to sell this software to a small to the medium-sized company? Think of value proposition, etc.
Software that can help the small and medium companies to manage their inventory are of three types, namely Cin7, Ordoro, Fishbowl and Veeco.
- The critical reason to use the inventory management software is to minimize the transporting cost. The software helps to track the goods when the vendor transports them from the warehouse to the retail stores.
- Inventory management is an essential part of every business. Hence, it proves to be the best method to sell the software to small and medium-sized companies. Due to improper inventory management, the stores often incur losses. So, with the help of inventory management software, the inventory can be quickly and efficiently managed and can be minimized.