SaaS stands for software as a service which means providing applications as a service through the internet. You don’t need to go through the complex software and hardware management, you can access it anywhere anytime via the internet.

What is SaaS Inventory Management?

SaaS inventory management system that may be accessed on almost any desktop or mobile device with an internet connection. It has a variety of features that gives ultimate benefits to companies, which include: data on inventories is always available, it keeps the track of inventory coming in and going out and it is lower in price compared to any other traditional software.

A SaaS inventory management system is frequently preferred by businesses switching to the cloud over an internal server or desktop version. Due to the numerous advantages of saas businesses go for cloud-based inventory management. Switching from cloud-based inventory over the internal server is the current trend in business technology.

SaaS model

SaaS is a business model which is hosted on a cloud framework and businesses pay monthly to have access to this software. And it is operated through a web browser, desktops, and mobile also. According to a study,80% of businesses use saas.

Benefits of SaaS

There are several benefits of SaaS inventory software:

• Access data anytime
• Affordability 
• Instant updates
• Improve efficiency 
• Versatility 

Access data anytime

The best advantage is that you can access the information on any device anytime because your data is accessible over the Internet or through your mobile network. You can monitor the update of shipments, upcoming reorder points, and your inventory stock levels.

While using cloud solutions there might be a possibility that you lose some data security. You can also build user permissions to restrict each user’s access to sensitive information.

You can track the changes the users made, you can check up on the crucial details. A great example of a platform that can provide you with this feature is Nvntri. 

Affordability

Larger businesses always wanted to keep their data in-house but this benefit can be expensive. Businesses can operate and maintain server systems at that price that won’t break your banks. For affordability purposes, Nvntri is the software to use.

Instant updates

In cloud-based software, they will provide you with instant updates which make improvements. These updates help to fix bugs, integrate with other systems, and especially add new features which satisfy the user’s demands.

Improve efficiency

The best advantage of cloud-based software is that you can integrate your sales software, accounting software, email marketing software, and management system which helps to improve efficiency.

A single business hub may be able to automate your entire business wants. When it comes to the efficiency of the business Nvntri is your best option.

Versatility

Choosing software that suits your business and meets your needs is important. It should be versatile so that your employees can work more efficiently. A good inventory management system should evolve with your business and be able to meet the needs of the organization.

SaaS VS PaaS

SaaS

• SaaS (software as a service)
• It is software that is accessible online via the third party
• It gives access to end user
• It is affordable

PaaS

• PaaS (Platform as a service)
• PaaS provides software and hardware tools accessible online.
• It is accessible by multiple users
• The integration model is flexible
• PaaS is easy to run

Examples of SaaS and PaaS

There are a few examples of SaaS:

Apache Stratos, Adobe Commerce (Magento), Google App Engine, OpenShift

There are a few examples of PaaS:

Dropbox, Google Workspace, Salesforce, Cisco WebEx, GoToMeeting, Concur

Types of Saas Inventory System

There are the following types saas inventory systems:

Customer Relationship Management (CRM) Software

You not only can manage customer data but also track customer interactions, keep a record of business information and streamline sales.

Enterprise Resource Planning (ERP) Software

You can improve efficiency by integrating various functions into one complete system.

Accounting Software

 By using accounting software you can keep your finances organized and manageable, it helps to ensure that your business is growing as it should or not.

Project Management Software

 Plan projects, manage schedules, allocate resources and communicate deadlines to complete projects on budget and on time.

Email Marketing Software

When you automate marketing emails it optimizes message delivery. It also helps you to improve your sales.

How to Choose the Best Inventory Management Software?

Any business cannot work without inventory for that you need to choose the best option. For that, it is very important to understand what your requirements are, and what features comprise the best option to choose.

We can choose the best inventory management software for the business which can manage the whole inventory, including raw materials and completed goods, which can be tracked more easily and efficiently.

You need to look for these points to choose the best inventory management system.

• Your requirements
• Cost of software
• User friendly
• Flexibility 
• Integrations 

Your requirements

Firstly you need to look for your requirements, what features you demand. Businesses want a good inventory management system that facilitates tracking of their entire inventory and many more.

Cost of software

Price is a very important factor when you are choosing your inventory management software. You need to select affordable software so that your business finances remain stable. In that case, cloud-based software solutions helped a lot.

As it is the best option for startups or companies whose budgets are not high. So when it comes to using free inventory management software, Nvntri is your best shot.

User friendly

The software should be user-friendly; if the software has so many functionalities then it will be difficult for staff members to operate the software. A user-friendly interface also saves time training your members; you also don’t need to hire experts. Nvntri is a spectacular platform that has a remarkable user-friendly application.

Flexibility

Additionally, the software you select for your business needs to be adaptable to changes such as Nvntri. It is very important to notice in the software because a business process may vary in various ways and it is a crucial characteristic. So you need to choose flexible software.

Integrations

It is important to have integration in your software because using different software for everything causes disruption. Various platforms like Nvntri offer extremely easy integration methods. Easy integration helps to keep the record accurately and automatically. Through this many aspects of business can be automated.

After reading this article, you know the importance of inventory management systems as it improves your efficiency. So, for all the features that business demand NVNTRI software is providing you with all features. NVNTRI is the best option to choose for the inventory management system. NVNTRI can be used on both desktops and mobile devices. Install it on your Android device and it will instantly sync with your account.

What is SaaS inventory management?

SaaS is inventory management software that can be accessed on almost any desktop or mobile device with an internet connection. A great option to try as SaaS is Nvntri.

What is the best software to keep track of inventory?

Nvntri is the best software to keep track of inventory. It also offers tons of other great options to make your day-to-day processes easy and simple.

What are the 4 types of inventory?

There are 4 types of inventory as follows:

• MRO
• WIP
• Finished goods
• Raw materials/component