Inventory management is a central part of business for clothing companies of all sizes. Without an efficient tool, keeping track and maintaining stock levels is challenging and can lead to gaps in product lines or accumulations of surplus stock. A finely tuned inventory management system is necessary to ensure that stock is available to meet customer demand, while avoiding warehouses becoming swamped with product lines that can’t be shifted.
If your business needs to upgrade to an apparel inventory management solution but isn’t looking to spend heavily in this area, what options are available and, crucially, how effective would they be?
Spreadsheets, such as Microsoft Excel, have been the go-to option for many types of business for three decades, offering a low-cost, easy-to-use platform for the recording and storage of data. Spreadsheets also offer the flexibility to be set-up to reflect the needs of the business, which may suit smaller enterprises or those first setting up in the apparel market.
However, spreadsheets pose some significant disadvantages that should not be overlooked:
A variety of free inventory platforms are available that won’t consume a chunk of your budget, providing basic functions to manage your business’s inventory, including order management, stock monitoring, and inventory management.
However, if you’re considering opting for one of these solutions to save your business the cost of purchasing a more comprehensive software package, bear in mind that low-cost inevitably means corner-cutting, which could prevent your enterprise from growing at the rate it deserves:
Instead, a logical and cost-effective option is to invest in a comprehensive apparel inventory management solution such as STYLEman, which offers the full range of functions that your business needs to operate efficiently in a competitive market, as well as integrating seamlessly with other parts of the organisation. For your free demo to see how STYLEman could manage your inventory, please get in touch.
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