5 Reasons Why Excel for Inventory Management Sucks
Excel is known to be one of the most commonly used data entry platform program, but when it comes to inventory management, it just doesn’t seem to work that good.
Excel Isn’t the Best Solution for Inventory, here’s why
1. Its Error Prone and Time Consuming
The thing with Excel is that the employees would need to enter the information manually. That’s the reason for which mistakes are most certainly going to be made.
When you enter information by hand, this is going to lead to a lot of errors. What is more, this particular approach is also rather time-consuming – this is what renders it rather inefficient.
2. It’s not scalable
This is also something that you need to consider.
As soon as you start to track hundreds or even thousands of items through Excel, you will quickly see how overwhelming it can get.
The whole reason for which you want to track your stock is for you to be able to find it on demand.
3. No Real-Time Information
The software is not capable of tracking real-time stock flows.
This is why you wouldn’t be able to track and know where your stock currently is.
Stock tracking is something critical for your overall stockroom, and if you can’t rely on the software to handle it, you might as well do it by hand.
4. No Audit Reports
Failing to produce the much-needed audit reports as well as to track very critical accounting information makes the program a bit obsolete.
This is why you might want to consider your options once again.
5. Limited User Access
That’s just it – workbooks in Excel are only accessible to one particular user at any given time.
Even though you could probably take advantage of a comprehensive clouding service, this is still something rather uncomfortable.
As you can see, there are many drawbacks of using Excel when it comes to stock management, and they need to be taken into proper consideration.
There are a lot better and plentiful alternatives that you might want to give a try to.
Of course, finding the most appropriate one is going to take time and effort, but it’s definitely worth it.
Having a comprehensive inventory management system is absolutely critical for your enterprise, and that’s something that’s worth investing in.
PS: If you are looking for one, try EMERGE.