Last month Software Advice announced Megaventory’s inclusion in the 2017 FrontRunners quadrant for Inventory Management software and we think it is a good opportunity to discuss some tips that the buyer should have in mind before committing to a new solution.
The right software solution is the tool to survive in a highly competitive market, as we have mentioned before. It helps you become more efficient with managing your resources, saves up valuable time, and in the end, it means more sales and revenue. Yet, many business owners are reluctant to embrace new technologies and prefer to stick with their pen and paper methods.
If you are still weighing the pros and cons of adopting an inventory management system, you can check these reasons why your competitors have made the transition to actively tracking their stock. If you are already convinced, it is time to learn what type of system is best for your business.
Allocate your budget
Make a thorough list of your requirements
Give yourself time to test before buying
Keep yourself open to new solutions
Check online reviews and rankings
Small and medium businesses can use FrontRunners to make more informed decisions about what software is right for them. To create this quadrant, the Software Advice team evaluated over 200 inventory management products. Only those with the top scores for their capability and value made the quadrant. Scores were based largely on reviews from real software users, along with other product performance details (e.g., what features they offer, how many customers they have).
What is so unique about this ranking is that it doesn’t simply place all finalists in a list, which could prompt you to pick the first listing; on the contrary, the solutions are divided into four categories/quadrants, and every product in each quadrant offers a balance of capability (how much the products can do) and value (whether they’re worth their cost) that makes them stand out in the race for small business software success.
That means that products in any quadrant may fit your needs, according to your industry, company’s size, resources, experience, and of course budget. To understand what each quadrant mean, you can check Software Advice announcement post.
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