Inventory Management Software can Save You Time & Money

20 Jun , 2017 Blog

Inventory Management Software can Save You Time & Money

We all know that implementing an inventory management software has many benefits including saving you time and money! Read this article and discover how many hours per week this system can save you!

Have you ever ask yourself how the inventory management software can help your business? Have you ever ask yourself how much time can you save in a week by using this type of software? If you have, you have come to the right place, as we are going to give you the answers you are looking for.

The use of inventory management system allows businesses to cut several hours off their daily and weekly workloads. This is according to the newest GetData research.

More than 55% of the businesses say that inventory management system saves them more than 5 hours active work per week and 16% say that they save more than a one day’s work thanks to these helpful applications and features. Only 8% of the businesses polled say that the inventory management system saves them no time at all.

The GetData research also showed that when it comes to reordering business decisions, the businesses are most likely to utilize data from previous months to inform them. On the contrary, the predicting software is the major intelligence source for switching among 15% of the business owners polled.

Here are the key research findings you should know about:

  • Almost 39% of the persons included in the poll stated that due to the utilization of inventory management software they save 5 or more hours of active work
  • Almost a half of the staff members decide according to previous data (when considering reorder)
  • Almost 15% of the small businesses opt for predicting or forecasting software

So, to sum it all up and to give you an answer to your question – How much time do I save in a week by utilizing inventory management software here are the details of the research:

  1. 5 hours of active work (39%)
  2. Less than 5 hours of active work (37%)
  3. One day or more (16%)
  4. None at all (8%)

The research is based on more than 500 US-based respondents from a panel of small and medium-sized businesses. The respondents are aged between 25 and 54 years old and they have an average annual income of $24k – $150k.

We hope this article was helpful for you!

 


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