Learn about inventory management

Inventory is one of your business's most critical assets; implementing a proper inventory management system enables you to serve your customers while also staying nimble, and not keeping too much of your cash tied up. Inventory management can be a laborious task, but there are many affordable solutions, such as free inventory management software.

Small business inventory management solutions If you're starting small and your product line or services offerings are limited, Microsoft Office Excel 2007 can help you track the bottom line and generate reports. Small business inventory can be managed with Excel 2007, where you can manipulate data, but you'll have to enter everything by hand – which can lead to mistakes that can go unnoticed. Download free inventory management software: Office 2007 Professional

Inventory management for retailers

If you have a retail location, and more inventory to manage, Microsoft Dynamics Point of Sale software may be the inventory management system you need. This inventory management system can pull everything together, like customer sales, inventory reports, and connection to e-commerce software.

 

Should your retail business grow, and you decide to open additional locations, Microsoft Retail Management System scales to manage inventory across multiple stores.

 

Inventory Management for manufacturing and other types of business

Businesses that include a manufacturing component in addition to sales can benefit from a comprehensive business management solution like Microsoft Dynamics GP, which offers management of finances, e-commerce, supply chain, manufacturing, project accounting, field service, customer relationships, inventory management, and human resources.