Whenever we hear the word “FREE” our mind goes crazy. BUT! If you are a business owner then you must be pretty well aware of the concept of offering freebies to attract more consumers. However, these freebies are good until it doesn’t affect your business. Likewise, it goes with inventory management software or systems (IMS). Free inventory management tools are also among the top reasons why small businesses fail. Here are some of those reasons why “Free IMS” is not healthy for your small business: NO Automation Automating all the aspects of the inventory process is one of those features of inventory management software that doesn’t come for free. Although automation is an essential thing that any small or medium-size business requires if they are implementing an inventory management system. Affordable inventory management automation would not only save your time but will also pay off in the long run as your small business grows. High risks of Frauds Inventory fraud involves the theft of physical inventory items or the misstatement of inventory records on a business's financial statements. To tackle this type of predicament – inventory management system stores product data and keeps track of every transaction occurring, and for further compatibility, you may even have an eye on your products on-the-go via cloud access. And you can’t have all these features in a free IMS. Less or No Integrations Free inventory tools often come with basic features, and integrations with well-known online marketplaces are just MYTHS! Every IMS charges you some amounts for integrating your inventory with other platforms. Also, in our tech era world, it is recommended that before choosing any SaaS product for your business - make sure it does offer multiple integrations with all the platforms that a business is linked to. Manages only a few Orders per month During the initial phase of any product-based small business, the numbers of orders are less. But once that business starts scaling you can’t rely on your ‘free’ inventory management system. Because the free IMS manages only limited and fewer numbers of orders. And after you realize that you need to transfer all your product information from that free IMS to other (the more professional one) – it will be too late! Investing in a comprehensive, multichannel inventory management solution can help eCommerce retailers or product-based business with all aspects of inventory. Professional IMS provides a fully integrated system for stock listing and management across all outlets, including online marketplaces, warehouses, and brick-and-mortar stores. It also provides prediction (based on forecasting algorithms), stock synchronization and data analytics tools to help streamline your small business and make it more efficient and effective.
Whenever we hear the word “FREE” our mind goes crazy. BUT! If you are a business owner then you must be pretty well aware of the concept of offering freebies to attract more consumers. However, these freebies are good until it doesn’t affect your business. Likewise, it goes with inventory management software or systems (IMS). Free inventory management tools are also among the top reasons why small businesses fail. Here are some of those reasons why “Free IMS” is not healthy for your small business: NO Automation Automating all the aspects of the inventory process is one of those features of inventory management software that doesn’t come for free. Although automation is an essential thing that any small or medium-size business requires if they are implementing an inventory management system. Affordable inventory management automation would not only save your time but will also pay off in the long run as your small business grows. High risks of Frauds Inventory fraud involves the theft of physical inventory items or the misstatement of inventory records on a business's financial statements. To tackle this type of predicament – inventory management system stores product data and keeps track of every transaction occurring, and for further compatibility, you may even have an eye on your products on-the-go via cloud access. And you can’t have all these features in a free IMS. Less or No Integrations Free inventory tools often come with basic features, and integrations with well-known online marketplaces are just MYTHS! Every IMS charges you some amounts for integrating your inventory with other platforms. Also, in our tech era world, it is recommended that before choosing any SaaS product for your business - make sure it does offer multiple integrations with all the platforms that a business is linked to. Manages only a few Orders per month During the initial phase of any product-based small business, the numbers of orders are less. But once that business starts scaling you can’t rely on your ‘free’ inventory management system. Because the free IMS manages only limited and fewer numbers of orders. And after you realize that you need to transfer all your product information from that free IMS to other (the more professional one) – it will be too late! Investing in a comprehensive, multichannel inventory management solution can help eCommerce retailers or product-based business with all aspects of inventory. Professional IMS provides a fully integrated system for stock listing and management across all outlets, including online marketplaces, warehouses, and brick-and-mortar stores. It also provides prediction (based on forecasting algorithms), stock synchronization and data analytics tools to help streamline your small business and make it more efficient and effective.
Whenever we hear the word “FREE” our mind goes crazy. BUT! If you are a business owner then you must be pretty well aware of the concept of offering freebies to attract more consumers. However, these freebies are good until it doesn’t affect your business.
Likewise, it goes with inventory management software or systems (IMS). Free inventory management tools are also among the top reasons why small businesses fail. Here are some of those reasons why “Free IMS” is not healthy for your small business:
Automating all the aspects of the inventory process is one of those features of inventory management software that doesn’t come for free. Although automation is an essential thing that any small or medium-size business requires if they are implementing an inventory management system. Affordable inventory management automation would not only save your time but will also pay off in the long run as your small business grows.
Inventory fraud involves the theft of physical inventory items or the misstatement of inventory records on a business's financial statements. To tackle this type of predicament – inventory management system stores product data and keeps track of every transaction occurring, and for further compatibility, you may even have an eye on your products on-the-go via cloud access. And you can’t have all these features in a free IMS.
Free inventory tools often come with basic features, and integrations with well-known online marketplaces are just MYTHS! Every IMS charges you some amounts for integrating your inventory with other platforms. Also, in our tech era world, it is recommended that before choosing any SaaS product for your business - make sure it does offer multiple integrations with all the platforms that a business is linked to.
- Manages only a few Orders per month
During the initial phase of any product-based small business, the numbers of orders are less. But once that business starts scaling you can’t rely on your ‘free’ inventory management system. Because the free IMS manages only limited and fewer numbers of orders. And after you realize that you need to transfer all your product information from that free IMS to other (the more professional one) – it will be too late!
Investing in a comprehensive, multichannel inventory management solution can help eCommerce retailers or product-based business with all aspects of inventory.
Professional IMS provides a fully integrated system for stock listing and management across all outlets, including online marketplaces, warehouses, and brick-and-mortar stores. It also provides prediction (based on forecasting algorithms), stock synchronization and data analytics tools to help streamline your small business and make it more efficient and effective.
