How does bespoke software differ to off-the-shelf, and what are the real benefits of choosing bespoke inventory software for small business?
Effective inventory management is paramount for any business that deals with physical goods - be it products, kit, or rental equipment. Tracking supply and demand, and ensuring you have the right amount of stock available at the right times can present numerous opportunities for error and inefficiency. Inventory management software automates your inventory tracking system, streamlines the stock control process, and ensures accurate inventory management with real-time data insights.
In this blog post, we highlight the key differences between off-the-shelf software solutions and bespoke inventory management software, the types of businesses that would benefit most from bespoke software, and the 5 benefits of bespoke inventory software for small business.
Overview:
What is inventory management software?
Inventory management software allows businesses to track and oversee their inventory. Inventory software streamlines and automates certain inventory processes, such as managing orders, deliveries and equipment rental. Businesses are better able to understand how much inventory they have on hand, place orders correctly and minimise the possibility for error.
How do bespoke inventory management systems differ from off-the-shelf solutions?
Off-the-shelf inventory software is a software product that has been pre-built to meet the general needs of a mass market. Whereas bespoke inventory management software has been tailor-made for an individual business and their unique requirements.
Businesses might find that off-the-shelf inventory management software fails to meet all of their specific needs and has limited scalability. This can lead to costly customisations and an overcomplicated user experience, compared to a bespoke software solution designed to integrate seamlessly with a business and grow alongside it.
What types of businesses will benefit from bespoke inventory management software?
Inventory management software is beneficial for any business that manages an inventory, be it products, rental equipment, kit, or services. However, bespoke inventory management software is especially suited to organisations that have unique processes and circumstances, or businesses that are looking to upscale. Typical businesses that invest in bespoke inventory management software include small businesses, fast-growing businesses, businesses with limited staff, businesses with specialist inventories, complex inventories, unique risks, or a high sales volume.
5 benefits of bespoke inventory management software for small business
Bespoke inventory management software is designed to help streamline and support an organisations’s specific processes. While the initial investment can sometimes leave small businesses opting for an off-the-shelf software solution as a quick fix, these six benefits show why bespoke provides the competitive edge a small business needs to unlock growth.
1. It's cost efficient
While an investment in bespoke inventory software might initially appear larger than buying off-the-shelf, this perspective fails to take into account a number of financial factors that add up over time. Once you’ve paid the licence fee for generic mass-market software, it is common to spend further money and time adapting and updating the software so that it meets your inventory needs - either now or in the future. When you commission bespoke inventory management software, you know you will receive the exact software you need.
Another factor to take into account is the impact of the software’s automation, real-time data insights and risk reduction - offering multiple opportunities for your business to cut costs and maximise ROI.
2. It accelerates growth
Complete with a plethora of tools designed to help you make more informed decisions, minimise costs and improve cash flow - bespoke inventory management software is designed specifically with your growth in mind. It’s the ideal solution for businesses that have their sights set high and want to invest in software that is going to help them reach their goals sustainably. Bespoke software is flexible and adaptable, continuing to grow alongside your business and support any expansion in your inventory and customer base.
3. Easy integration
An important and often overlooked benefit of bespoke inventory software is that it is built especially to fit seamlessly into your current business processes, software and hardware - ensuring a smooth integration and transition process.
4. Monitor kit safety and condition
At Gavarnie Designs, our bespoke kit and equipment inventory management systems go beyond standard functionalities, creating a scannable system to track kit safety and condition. We tag each item with NFC tags and barcodes, including crucial details such as expiry dates, LOLER inspections, kit condition and size, ensuring an accurate, up-to-date record of all your assets.
5. Real-time insights
Bespoke inventory software often includes a real-time performance dashboard, complete with an up-to-date inventory and the performance analytics that are most relevant to your business goals. This allows you to quickly notice problems with your inventory, foresee issues with supply and demand, and make informed decisions about how to manage your inventory.
Why choose bespoke inventory software from Gavarnie Designs
At Gavarnie Designs, our bespoke inventory management systems are crafted to provide the ultimate precision and efficiency in stock control. Our custom inventory software enables businesses to efficiently track, record and monitor all of their inventory or equipment globally - effectively optimising and streamlining inventory management and equipment organisation.
We work with ambitious businesses to streamline their processes and accelerate growth. If you are seeking more accuracy in your operations, get in touch to talk about your inventory management requirements today.
Get in touch to find out more about our bespoke inventory management systems and discuss high-performance software solutions for your business
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