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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.

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Page 1: Software Advice BuyerView: Inventory Management Report 2014

Software Advice BuyerView Inventory Management ReportInsight into todayrsquos software buyer

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 thingsbull What are the predominant current methods being used by prospective

inventory management software buyers

bull Which inventory management features are most popular among prospective buyers

Abstract

Buyersrsquo 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 buyersCurrent IMS users

Accounting software

Excel or other spreadsheets

Other software

Manual methods

No inventory managament

0 10 20 30 40

Buyersrsquo 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

Buyersrsquo Integration Requirements

Seventy-three percent of buyers are interested in a ldquobest-of-breedrdquo solution only Twenty-six percent are interested in evaluating an integrated suite

1

73

26Integrated suiteBest-of-breedMultiple products

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 ldquobarcoding and scanningrdquo features

Percent of buyers

Buyersrsquo 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

763

Business leadersIT professionalsOther

Need more modern solution

Automate and organize processes

Need more functionality

Growth of business

0 10 20 30 40

Buyersrsquo 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

Buyer Size by Employee Number

The majority of buyers we spoke to are from companies with 50 or fewer employees

110

10

80

0-5051-100101-500501 +

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

Software Advice is a trusted resource for software buyers The companys website wwwsoftwareadvicecom provides detailed reviews comparisons and research to help organizations choose the right software Meanwhile the companyrsquos 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 companysoftware-advice

SoftwareAdviceSoftwareAdvice

Page 2: Software Advice BuyerView: Inventory Management Report 2014

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 thingsbull What are the predominant current methods being used by prospective

inventory management software buyers

bull Which inventory management features are most popular among prospective buyers

Abstract

Buyersrsquo 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 buyersCurrent IMS users

Accounting software

Excel or other spreadsheets

Other software

Manual methods

No inventory managament

0 10 20 30 40

Buyersrsquo 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

Buyersrsquo Integration Requirements

Seventy-three percent of buyers are interested in a ldquobest-of-breedrdquo solution only Twenty-six percent are interested in evaluating an integrated suite

1

73

26Integrated suiteBest-of-breedMultiple products

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 ldquobarcoding and scanningrdquo features

Percent of buyers

Buyersrsquo 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

763

Business leadersIT professionalsOther

Need more modern solution

Automate and organize processes

Need more functionality

Growth of business

0 10 20 30 40

Buyersrsquo 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

Buyer Size by Employee Number

The majority of buyers we spoke to are from companies with 50 or fewer employees

110

10

80

0-5051-100101-500501 +

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

Software Advice is a trusted resource for software buyers The companys website wwwsoftwareadvicecom provides detailed reviews comparisons and research to help organizations choose the right software Meanwhile the companyrsquos 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 companysoftware-advice

SoftwareAdviceSoftwareAdvice

Page 3: Software Advice BuyerView: Inventory Management Report 2014

Buyersrsquo 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 buyersCurrent IMS users

Accounting software

Excel or other spreadsheets

Other software

Manual methods

No inventory managament

0 10 20 30 40

Buyersrsquo 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

Buyersrsquo Integration Requirements

Seventy-three percent of buyers are interested in a ldquobest-of-breedrdquo solution only Twenty-six percent are interested in evaluating an integrated suite

1

73

26Integrated suiteBest-of-breedMultiple products

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 ldquobarcoding and scanningrdquo features

Percent of buyers

Buyersrsquo 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

763

Business leadersIT professionalsOther

Need more modern solution

Automate and organize processes

Need more functionality

Growth of business

0 10 20 30 40

Buyersrsquo 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

Buyer Size by Employee Number

The majority of buyers we spoke to are from companies with 50 or fewer employees

110

10

80

0-5051-100101-500501 +

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

Software Advice is a trusted resource for software buyers The companys website wwwsoftwareadvicecom provides detailed reviews comparisons and research to help organizations choose the right software Meanwhile the companyrsquos 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 companysoftware-advice

SoftwareAdviceSoftwareAdvice

Page 4: Software Advice BuyerView: Inventory Management Report 2014

Accounting software

Excel or other spreadsheets

Other software

Manual methods

No inventory managament

0 10 20 30 40

Buyersrsquo 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

Buyersrsquo Integration Requirements

Seventy-three percent of buyers are interested in a ldquobest-of-breedrdquo solution only Twenty-six percent are interested in evaluating an integrated suite

1

73

26Integrated suiteBest-of-breedMultiple products

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 ldquobarcoding and scanningrdquo features

Percent of buyers

Buyersrsquo 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

763

Business leadersIT professionalsOther

Need more modern solution

Automate and organize processes

Need more functionality

Growth of business

0 10 20 30 40

Buyersrsquo 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

Buyer Size by Employee Number

The majority of buyers we spoke to are from companies with 50 or fewer employees

110

10

80

0-5051-100101-500501 +

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

Software Advice is a trusted resource for software buyers The companys website wwwsoftwareadvicecom provides detailed reviews comparisons and research to help organizations choose the right software Meanwhile the companyrsquos 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 companysoftware-advice

SoftwareAdviceSoftwareAdvice

Page 5: Software Advice BuyerView: Inventory Management Report 2014

Buyersrsquo Integration Requirements

Seventy-three percent of buyers are interested in a ldquobest-of-breedrdquo solution only Twenty-six percent are interested in evaluating an integrated suite

1

73

26Integrated suiteBest-of-breedMultiple products

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 ldquobarcoding and scanningrdquo features

Percent of buyers

Buyersrsquo 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

763

Business leadersIT professionalsOther

Need more modern solution

Automate and organize processes

Need more functionality

Growth of business

0 10 20 30 40

Buyersrsquo 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

Buyer Size by Employee Number

The majority of buyers we spoke to are from companies with 50 or fewer employees

110

10

80

0-5051-100101-500501 +

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

Software Advice is a trusted resource for software buyers The companys website wwwsoftwareadvicecom provides detailed reviews comparisons and research to help organizations choose the right software Meanwhile the companyrsquos 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 companysoftware-advice

SoftwareAdviceSoftwareAdvice

Page 6: Software Advice BuyerView: Inventory Management Report 2014

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 ldquobarcoding and scanningrdquo features

Percent of buyers

Buyersrsquo 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

763

Business leadersIT professionalsOther

Need more modern solution

Automate and organize processes

Need more functionality

Growth of business

0 10 20 30 40

Buyersrsquo 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

Buyer Size by Employee Number

The majority of buyers we spoke to are from companies with 50 or fewer employees

110

10

80

0-5051-100101-500501 +

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

Software Advice is a trusted resource for software buyers The companys website wwwsoftwareadvicecom provides detailed reviews comparisons and research to help organizations choose the right software Meanwhile the companyrsquos 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 companysoftware-advice

SoftwareAdviceSoftwareAdvice

Page 7: Software Advice BuyerView: Inventory Management Report 2014

Buyersrsquo 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

763

Business leadersIT professionalsOther

Need more modern solution

Automate and organize processes

Need more functionality

Growth of business

0 10 20 30 40

Buyersrsquo 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

Buyer Size by Employee Number

The majority of buyers we spoke to are from companies with 50 or fewer employees

110

10

80

0-5051-100101-500501 +

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

Software Advice is a trusted resource for software buyers The companys website wwwsoftwareadvicecom provides detailed reviews comparisons and research to help organizations choose the right software Meanwhile the companyrsquos 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 companysoftware-advice

SoftwareAdviceSoftwareAdvice

Page 8: Software Advice BuyerView: Inventory Management Report 2014

Need more modern solution

Automate and organize processes

Need more functionality

Growth of business

0 10 20 30 40

Buyersrsquo 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

Buyer Size by Employee Number

The majority of buyers we spoke to are from companies with 50 or fewer employees

110

10

80

0-5051-100101-500501 +

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

Software Advice is a trusted resource for software buyers The companys website wwwsoftwareadvicecom provides detailed reviews comparisons and research to help organizations choose the right software Meanwhile the companyrsquos 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 companysoftware-advice

SoftwareAdviceSoftwareAdvice

Page 9: Software Advice BuyerView: Inventory Management Report 2014

Buyer Size by Employee Number

The majority of buyers we spoke to are from companies with 50 or fewer employees

110

10

80

0-5051-100101-500501 +

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

Software Advice is a trusted resource for software buyers The companys website wwwsoftwareadvicecom provides detailed reviews comparisons and research to help organizations choose the right software Meanwhile the companyrsquos 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 companysoftware-advice

SoftwareAdviceSoftwareAdvice

Page 10: Software Advice BuyerView: Inventory Management Report 2014

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

Software Advice is a trusted resource for software buyers The companys website wwwsoftwareadvicecom provides detailed reviews comparisons and research to help organizations choose the right software Meanwhile the companyrsquos 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 companysoftware-advice

SoftwareAdviceSoftwareAdvice

Page 11: Software Advice BuyerView: Inventory Management Report 2014

Software Advice is a trusted resource for software buyers The companys website wwwsoftwareadvicecom provides detailed reviews comparisons and research to help organizations choose the right software Meanwhile the companyrsquos 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 companysoftware-advice

SoftwareAdviceSoftwareAdvice