Advances in technology made inventory management become more streamlined and effective. Its effectiveness has been further increased by the introduction of cloud-based solutions, giving businesses access to inventory data in real time and enabling seamless user collaboration.
What is a Cloud-based System?
A cloud-based system is a technology that enables users to access and control data, services, and programs with the use of the internet. This indicates that the software and its data are kept on a remote server and are accessible from anywhere as long as you have an internet connection.
One popular cloud-based system is Amazon AWS. It provides a variety of computing services which includes cloud inventory management. It allows users to access the same tools and services for inventory management online rather than having to install and manage locally. As a result, businesses can easily scale up or down their IT operations in accordance with operational demands.
Cloud-Based System for Inventory Management
A cloud-based inventory management system is a software that enables businesses to monitor their inventory or execute inventory processes through the internet on remote servers.
Cloud-based inventory software also offers real-time data on inventory levels, sales, movements of products, and other necessary indicators for your day-to-day operations. A cloud-based inventory management software also enables improved cooperation and effective decision-making because several users can use the software from various locations. Having a centralized tool that shows real-time data avoids any discrepancy in numbers, especially for businesses with a wide variety of products and multiple locations and channels.
Cloud-based versus On-premise Inventory Management Systems
Both of these are still common nowadays, however, there are pros and cons that we can’t ignore depending on what business or inventory processes need.
On-premise inventory management systems are those applications that are installed and maintained by businesses on their own servers and infrastructure. This indicates that the business has total control over the system information including the capacity to adapt its functions to meet specific business needs. Being able to have a system that is adaptable to all your needs sounds really good but this means you are also in charge of setting up the necessary hardware and infrastructure and maintaining and updating it to keep running.
On the other hand, cloud-based inventory management systems are maintained and hosted by the software provider. This means that the business can concentrate on using the system to manage inventories without having to worry about the technological side of things. For businesses with multiple sites or geographically dispersed staff, cloud-based technologies are also typically more scalable and accessible from anywhere with an internet connection.
Businesses must take into consideration their unique demands and objectives when choosing between an on-premise and a cloud-based inventory management solution. An on-premise or locally installed system can be a better choice for organizations that need a high level of control and customization over their inventory processes. On the other hand, businesses that require accessibility, simplicity, and scalability would prefer a cloud-based system.
Below are some of the pros and cons of an on-premise and cloud-based inventory management system:
CyberStockroom as Cloud-based Inventory Management System
CyberStockroom is a cloud-based inventory management system. It uses Amazon AWS, which offers scalable and dependable cloud computing solutions. This indicates users don’t need to be concerned about system performance or data storage constraints to handle rising inventory levels and expanding operations. Additionally, Amazon AWS enhances the security and availability of CyberStockroom’s data and services.
Other Key Features
- Map-based Approach: Using a map-based approach, CyberStockroom can easily manage and track inventory by visualizing their actual locations.
- Inventory Visibility: CyberStockroom gives organizations immediate access to information on the status of their inventories, facilitating informed decisions.
- Barcoding: For quick and precise inventory tracking, the system allows barcode scanning.
- Loss and theft prevention: Security measures like activity history are included in the system to help avoid loss and theft. It keeps every action accounted for.
- Custom fields: CyberStockroom gives users the option to modify or add fields their business requires to make their inventory processes and tracking more effective.
The Map Makers 