Losing control of inventory is a key challenge to businesses of any size. It can lead to unhappy customers waiting on their orders, failure to manage supply and demand, unnecessary cost and ultimately, reduced profit.
One of the most common reasons for losing control of inventory is when you push your accounting program beyond its limits.
Some desktop accounting programs come with advanced inventory modules, whereas newer online accounting software connects to third-party inventory management apps.
However, both these approaches can fall short when a company reaches a certain size or level of complexity.
Knowing the point at which inventory control is in jeopardy, and when it’s time to move towards a new system, is one of the most critical decisions faced by a growing company. Yet, it’s a juncture that is frequently misjudged.
When is the right time to switch from rudimentary accounting software to full fledged cloud ERP?
Download the whitepaper to learn more.