Why Inventory Planning & Optimization Belongs in the Cloud

According to a Gartner report released in 2012, “Cloud computing has a significant potential impact on every aspect of IT and how users access applications, information and business services.”

Case in point: Inventory Planning and Optimization software.

So what makes Inventory Planning and Inventory Optimization a perfect match for the Cloud? The advantages are there for all companies, but Small and Midsized Business in particular have a lot to gain from Cloud-based solutions.

Typical Small and Midsized Business do not get sufficient capabilities from their ERP when it comes to demand forecasting, replenishment planning, inventory simulation etc.

It’s impossible to control and truly optimize inventory, meaning a lot of manual work and likely low customer service levels for some items and excess inventory for others.

Despite investing time and resources, every day you risk missing sales due to poor availability and/or tying up capital in unnecessary excess and obsolete inventory.