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Software Advice BuyerView: Inventory Management Report 2014

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Software Advice speaks to thousands of companies looking for inventory management software. This report is an analysis of those interactions.

Published in: Software, Technology, Business
  • We also found similar results in our on surveys. For example, most customers start using excel before uploading their data into inFlow. Interesting that only 5% want quickbooks integration!

    If anyone is looking for inventory software to run their business, check out the free edition of http://www.inflowinventory.com to see if it will work for you. If you have any questions, feel free to comment here, give me a call or email support@inflowinventory.com

    Cheers,

    -Matt
    1·866·923·4974 x 711
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Software Advice BuyerView: Inventory Management Report 2014

  1. 1. Software Advice BuyerView: Inventory Management Report Insight into today’s software buyer
  2. 2. In 2013, we talked to thousands of businesses considering an inventory management software purchase. We tapped into a subset of the data to determine two things: • What are the predominant current methods being used by prospective inventory management software buyers? • Which inventory management features are most popular among prospective buyers? Abstract
  3. 3. Buyers’ Current Inventory Management Methods The majority of buyers are evaluating inventory management software for the first time. Less than five percent are replacing existing inventory management software. 4% 96% First-time buyers Current IMS users
  4. 4. Accounting software Excel or other spreadsheets Other software Manual methods No inventory managament 0% 10% 20% 30% 40% Buyers’ Current Inventory Management Methods Thirty-six percent of buyers are currently using accounting software to track their inventory. Another 35 percent are using spreadsheets to manage inventory. Percent of buyers
  5. 5. Buyers’ Integration Requirements Seventy-three percent of buyers are interested in a “best-of-breed” solution only. Twenty-six percent are interested in evaluating an integrated suite. 1% 73% 26% Integrated suite Best-of-breed Multiple products
  6. 6. Basic inventory control Barcoding and scanning Demand forecasting Quickbooks integration Lot tracking Kitting 0% 10% 20% 30% 40% 50% Top-Requested Inventory Management Features Fifty percent of buyers are looking for basic inventory control. Thirty percent, however, are interested in “barcoding and scanning” features. Percent of buyers
  7. 7. Buyers’ Integration Requirements Sixty-three percent of buyers are either business owners, C-suite executives or high-level business managers. Only 7 percent of buyers are IT professionals. 30% 7% 63% Business leaders IT professionals Other
  8. 8. Need more modern solution Automate and organize processes Need more functionality Growth of business 0% 10% 20% 30% 40% Buyers’ Reasons for Evaluating Inventory Management Software Thirty-five percent of buyers are evaluating inventory management software because they want a modern solution for their inventory management needs. Percent of buyers
  9. 9. Buyer Size by Employee Number The majority of buyers we spoke to are from companies with 50 or fewer employees. 1%10% 10% 80% 0-50 51-100 101-500 501 +
  10. 10. Read the full report Get free price quotes on top Inventory Management Software Get free demos and reviews of Inventory Management Software Learn more about Inventory Management Software Read Report Get Free Quotes Get Free Demos
  11. 11. Software Advice is a trusted resource for software buyers. The company's website, www.softwareadvice.com, provides detailed reviews, comparisons and research to help organizations choose the right software. Meanwhile, the company’s team of software analysts provide free telephone consultations to help each software buyer identify systems that best fit their needs. In the process, Software Advice connects software buyers and sellers, generating high-quality opportunities for software vendors. @SoftwareAdvice /company/software-advice @SoftwareAdvice/SoftwareAdvice

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