A Scientific Approach to Inventory Management Software

Science is cool. Whenever I see an article or a website with the word “science” in it, I’m instantly intrigued. So when I saw an article entitled “What Are The Real Advantages Of Inventory Management Software?” on the blog Science Warp, I just had to read it.

Scientist staring at complex equations, Fishbowl BlogConfession

After reading that blog post I admired the author’s ability to put so much interesting content into just one post. In a blog post of my own, I talked about whether inventory management is a science or an art. I decided that, even though it requires a lot of scientific inquiries and data, inventory management is more of an art than a science because it requires so much creativity and flexibility to pull off.

The author of the Science Wrap article had his own interesting take on this discussion, so I’d like to share my thoughts on what he had to say.

Funny Aside

Just a side note: When I read someone else’s work I have a habit of finding all the flaws and wishing I could fix them. In this article, although there are plenty of grammatical oddities, I actually found them charming and funny rather than annoying. I especially enjoyed this one: “But there’s 1 distinct distinction and further use that manufacturing firm’s (sic) use this software program for.” Distinct distinction? A use that someone uses something for? [Face palm] Those are both redundant but incredibly cute and silly, darn it. There are so many slipups like that in here, but they make the post even more fun to read, strangely enough. Must. Resist. Urge. To. Praise. Bad. Grammar.

Okay, I feel better now. Let’s continue with a scientific approach to inventory management software!

Who Should Use Inventory Software

As I said before, this article covers pretty much everything you need to know about inventory software. They start with the basics, like what company types should use it: retailers, manufacturers, wholesalers, distributors and even service providers.

They then go into what makes up inventory management software: asset tracking, barcoding, order management and service management. I like how they separate these concepts. They cover pretty much everything that needs to be covered on this topic. Anything that they seem to have missed – such as accounting integration – can easily be included in one of the categories they list.

Different Focuses

Companies in the different industries will use inventory management software in a variety of ways:

  • Retailers use barcodes, order management and asset tracking tools to balance their inventory.
  • Manufacturers use the work orders, bills of materials and warehouse management tools to keep their production lines moving smoothly.
  • Distributors use order management asset tracking tools, like retailers, to stay on top of their inventory levels and where orders are being sent.
  • Service providers use service management solutions to track all of their costs and know what price to charge for their services.

Get an inventory software demo to put these theories to the test in your business.

About Robert Lockard

Robert Lockard is a copywriter with Fishbowl. He writes for several blogs about inventory management, manufacturing, QuickBooks and small business. Fishbowl Inventory is the #1-requested inventory management software for QuickBooks users. Robert enjoys running, reading, writing, spending time with his wife and children, and watching movies. His favorite movies include Mr. Smith Goes to Washington, Fiddler on the Roof, Back to the Future and Lawrence of Arabia.
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5 Responses to A Scientific Approach to Inventory Management Software

  1. That is so true Robert. As an author and business man, I can relate to how you said “They cover pretty much everything that needs to be covered on this topic. Anything that they seem to have missed – such as accounting integration – can easily be included in one of the categories they list”. I hope more people discover your blog because you really know what you’re talking about. Can’t wait to read more from you!

    • Thank you so much, Daniel. You really made my day. I can’t wait to keep sharing more about inventory management with you. Thanks for taking the time to let me know you like what I’m doing. You are awesome. Have a great day. 🙂

  2. Inventory Management software can easily help you manage your company to the quarter penny. It can keep track of your inventory across multiple locations. It offers a complete set of inventory management.

  3. Developing a software should not only be done by just simple coding but it must also have a scientific approach to it so that it will have a smooth flow to the process it was meant for…

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