What Types of Inventory Management Systems are Available?
There are several types of inventory management systems that entrepreneurs can use, including:
Manual Systems: These involve tracking inventory using spreadsheets or paper-based methods. They are simple but can be time-consuming and error-prone. Automated Systems: These use software to track inventory in real-time, offering greater accuracy and efficiency. Cloud-Based Systems: These provide the flexibility to access inventory data from anywhere, making it easier for remote teams to collaborate.